‘Rigorous’ approach keeping Neptune on track
Bosses at Neptune Energy said a "rigorous" approach to production management was helping the firm deliver "strong" results in 2018.
oil
Roadbridge wins £30m port project
The Port of Cromarty Firth (PCF) has awarded the contract to construct its new £30 million energy and cruise hub at Invergordon to Ireland and UK-based civil engineering and construction firm Roadbridge UK.
Drilling success for Malaysian duo at UK North Sea cluster
A new central North Sea sidetrack well has come up trumps for Malaysian firm Hibiscus Petroleum and its partner.
Oil market hinges on Saudi dilemma: Bust budget or anger Trump?
The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy.
Workers taken off Shell’s Brent Charlie after power failure
More than 130 workers have been evacuated from a North Sea oil platform after it lost power.
Time to face up to reality on decom liability, academic says
The UK Government will be lumbered with liability for oil fields as operators transform or disappear completely over the coming decades, an industry commentator has said.
IOG pushes FID for North Sea gas project into 2019
Independent Oil and Gas (IOG) has pushed a final investment decision (FID) on its flagship southern North Sea project into next year.
UK stance on Arctic oil exploration at odds with climate pledge
The UK's support for oil and gas "exploitation" in the Arctic goes against Government climate change pledges, a new report has said.
Oil rises on trade talk optimism and signs of robust US demand
Oil climbed as the Trump administration signaled optimism a trade deal may be reached with China and an industry report indicated robust U.S. fuel demand.
Decommissioning pace eases as newcomers extend production, OGUK says
Higher oil prices and industry’s “relentless focus” on efficiency have pushed decommissioning projects further into the future, a flagship report said.
Cluff makes breakthrough in hunt for North Sea partner
Cluff Natural Resources (CLNR) has made a breakthrough in its lengthy pursuit of a farm-out partner to help develop a southern North Sea licence.
Updated: Ultra-deep port could generate revenues of £580m, EY report says
Scotland’s first ultra-deep-water (UDW) port would have to secure 10 decommissioning projects to pay for itself, a flagship report said.
UK Government builds up £1bn kitty to protect taxpayer from decom costs
Nearly £1 billion worth of security has been squirreled away to protect UK taxpayers from being slapped with excessive decommissioning bills, a UK Government official said.
Faroe urges shareholders to snub ‘opportunistic’ DNO bid
Bosses at Faroe Petroleum urged investors to snub a hostile takeover offer from Norwegian oil firm DNO and hold onto their shares.
Energy minister to open annual offshore decom conference
Scotland's energy minister will launch the annual Offshore Decommissioning Conference in St Andrews today.
Fund manager ‘deeply unhappy’ with DNO’s bid for Faroe
A top fund manager has taken a swipe at Norwegian oil firm DNO for its £444 million proposal to buy out Faroe Petroleum.
Updated: Oil rises from one-year low even as concerns of glut persist
Oil rose from its lowest settlement in more than a year in New York, though signs of record output from Saudi Arabia amid pressure from President Donald Trump continued to weigh on the market.
Property market pick-up indicator of better times
The tough economic conditions which have engulfed Aberdeen for the last four years may be coming to an end, according to new figures indicating tentative signs of a recovery in the local property market.
Oil slumps below $60 in London for first time since October 2017
Oil slumped below $60 a barrel in London for the first time in a year after Saudi Arabia signaled its output may have reached a record high and growing U.S. stockpiles stoked concerns over a potential supply glut.
Major milestone as BP hits Clair Ridge first oil
Energy giant BP today delivered a huge boost to North Sea industry after announcing first oil from its Clair Ridge mega-project.
OPINION: BP conquers the Ridge, now for Clair South
Having followed the rise to prominence of the UK Atlantic frontier, I’m delighted that operator BP has brought the second phase of the giant Clair field onstream.
‘Each oil find is unique, but Clair is a one-off’
Locked away in BP’s archive is a handwritten note.
WATCH: Clair Ridge project uncovered
A major milestone for the North Sea oil industry has been reached today following the announcement of first oil from one of its biggest projects.
Ineos hails completion of £60m Clipper South re-routing project
A £62 million project to re-route gas from the Clipper South field has been completed, licence partners said.
Global oil benchmarks extend slide on bearish technical signals
Oil prices mired in a bear market are continuing their declines as bearish technical indicators signal further pain.