Independent says funds still available despite London probe
Independent Oil and Gas said today that it was not affected by the UK financial watchdog's investigation into London Capital and Finance.
oil
Latest: Faroe lambasts DNO for ‘puzzling attacks’ on exploration record
Bosses at Faroe Petroleum have condemned DNO for repeatedly attacking its exploration track record.
Updated: DNO triggers ‘mandatory offer’ in Faroe chase
Norwegian firm DNO said this morning that its offer for Faroe Petroleum's remaining shares had become mandatory after increasing its equity to 30%.
DNO extends Faroe takeover offer after missing target
Norwegian firm DNO has given Faroe Petroleum shareholders another two weeks to accept its takeover offer after falling short of its target.
Rocky or steady: How will 2019 play out for oil?
Oil had a tumultuous 2018, with prices rising to a four-year high in October before plunging more than $30 in the following months. Oversupply and demand worries are high on the concern list for the industry, making volatility a buzzword this year as well.
Chinese growth fears throw oil gains into reverse
Oil retreated from a two-week high as risk appetite faltered after a revival of investor fears over the health of the global economy.
Premier teams up with Ensco for North Sea wells
Premier Oil has booked the Ensco 123 rig to drilling two wells in the North Sea, starting in July.
Has oil’s demise been greatly exaggerated?
I often speak to people who are concerned about how long the oil industry will last and have the misconception that its demise is just around the corner.
Faroe’s defences ‘exhausted’ after exploration failure, DNO says
Bosses at DNO have picked apart a report indicating its takeover bid for Faroe Petroleum was too low.
OGA must be ready to apply ‘use it or lose it’ powers
The reduced oil price over the last 2 months (down 20%) is worrying, and it looks like the price could be between $55 and $65 this year.
Oil rallies as Saudi exports cut, US equities make up ground
Oil prices rallied on the first trading day of 2019 as U.S. equities recovered from early losses and amid signs that Middle Eastern producers were fulfilling a pledge to cut exports.
Hurricane’s Lancaster FPSO leaves Rotterdam as hook-up draws near
The production vessel for Hurricane Energy's Lancaster field has left the Port of Rotterdam en route to Scottish waters.
No end to oil price volatility as supply, economic fears persist
Oil’s beginning 2019 with the same price volatility that marked the end of last year, as uncertainty over crude output and the health of the global economy keep investors wary.
Independent valuation shows DNO offer ‘inadequate’, Faroe says
Faroe Petroleum said today that a fresh evaluation of its portfolio highlighted the "inadequacy" of DNO's takeover bid for the firm.
More exploration well disappointment for Faroe, but sidetrack shows promise
Faroe Petroleum revealed today that its Brasse East exploration well in the Norwegian North Sea had not hit oil.
Fears of understaffing at Scottish coastguard bases
Fears have been raised that cutbacks to the coastguard are putting “lives in danger” after new figures showed that almost 100 shifts were understaffed in 2018.
Revived zeal for tech development a silver lining to downturn
The downturn in the oil and gas industry has been well documented but the upside – and there is one - has been the incredible amount of work that is taking place in Aberdeen in supporting and nurturing a new generation of tech start ups who have the potential to ensure the UK has a sustainable hydrocarbon industry for years to come.
Scots ministers feared Iraq War would dent oil prices
Terrorism, falling oil prices and the effect on tourism were among the forecast impacts on Scotland of the Iraq War discussed by Scottish ministers, newly-released official papers show.
Updated: Oil on course for first annual decline since 2015
Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year that saw fears of supply scarcity turn to expectations of a surplus.
UK North Sea exploration well spudded
Drilling has got under way on the Rowallan exploration well in the central North Sea, project partners said today.
Halo gets nod from OGA for Third Energy deal
Hague and London Oil (Halo) said today that it had received regulatory consent for its acquisition of Third Energy Offshore.
Nexen UK boss Riddoch hails team after being made an OBE
A North Sea oil and gas industry stalwart who hails from Aberdeen was recognised in the New Year Honours List.
Where does the UKCS go from here?
It’s 2035.
Lamprell secures contract for construction of two rigs
Lamprell has received a letter of intent for the construction and delivery of two jackup drilling units.
Oil price rollercoaster ride as supply uncertainty persists
Oil continued on its rollercoaster ride, with volatility soaring on uncertainty over OPEC and American supply, a trade war between the U.S. and China and the Federal Reserve’s monetary policy.