Scrutiny of decommissioning rules heating up, Aberdeen law professor says
Oil industry bosses are more vigorously questioning whether current rules for leaving installations in the North Sea are fit for purpose, an Aberdeen academic said.
oil
Conoco deal would make Ineos 5th biggest producer, analyst says
Ineos's planned acquisition of ConocoPhillips's UK North Sea portfolio would make it the fifth biggest producer in the basin, an analyst has said.
Oil resumes slide as fears persist over looming supply surplus
Oil slipped again on persistent fears that a surplus will re-emerge next year despite OPEC’s plans to cut production.
OPINION: Can we expect a major rebound in oil prices?
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.
Upated: Ineos in talks to buy ConocoPhillips’s North Sea portfolio
Petrochemicals giant Ineos is in talks to acquire ConocoPhillips's UK North Sea portfolio.
Great year for north-east oil and gas entrepreneur
North Sea oil and gas entrepreneur Tom Cross had lots of reasons to cheer Parkmead Group’s latest results after a string of progress markers.
ConocoPhillips confirms ‘unsolicited offer’ for North Sea portfolio
US oil giant ConocoPhillips said yesterday that it had received an “unsolicited offer” for its UK North Sea portfolio.
Big oil’s latest cost-cutting trick: Re-use entire platforms
Oil companies have pushed through draconian cost cuts during the recent industry slump, but they’re not quite done yet.
Updated: Azinor strikes oil at Agar-Plantain
Private-equity backed Azinor Catalyst said today that it had discovered oil at the Agar-Plantain well in the North Sea.
Conoco ‘plans to start North Sea asset sale by year end’
ConocoPhillips plans to invite bids by the end of the year for its remaining North Sea assets, which could be valued at up to $3 billion in a sale, according to people with knowledge of the matter.
Cairn hits dust with Ekland well in North Sea, farms out Chimera
Scottish oil firm Cairn Energy said today that its first operated exploration well in the UK North Sea had come up dry.
Forsyths opens new office in Japan
A Moray based steel fabricator has opened a new office across the globe after creating the world’s first mobile malt whisky distillery.
Well intervention key to delivering millions of barrels from shut-in wells, OGA says
UK North Sea operators can deliver hundreds of millions more barrels of oil by ramping up their spending on well intervention, a petroleum engineer has said.
North Sea licensing round ‘exceeds expectations’, Westwood consultant says
The level of interest shown in the latest North Sea auction was “better than expected”, a consultant has said.
Oil’s record plunge a ‘made in America’ phenomenon, Citi says
American fingerprints are all over oil’s record losing streak that’s plunged prices into a bear market.
Update: Rungne well a ‘disappointment’ for Faroe Petroleum
Aberdeen-headquartered oil firm Faroe Petroleum suffered disappointment with its latest exploration well in Norway.
Updated: Exploration fears persist despite ‘encouraging’ UK licensing round
The UK oil industry’s regulator said today that it was “encouraged” by the response to the latest North Sea frontier licensing round.
IEA welcomes return of oil surplus after OPEC production surge
The International Energy Agency welcomed the oil market’s return to surplus as OPEC’s production surge swells global stockpiles and drives prices into a bear market.
OPEC president says group, allies will cut output as needed
OPEC and allied oil producers will cut or adjust production as needed to balance the market, the group’s president, United Arab Emirates Energy Minister Suhail Al Mazrouei, said Wednesday.
How will oil’s freefall end? Here’s where you can look for clues
Oil’s record losing streak has plunged prices into a bear market and is reverberating around the globe, with the mayhem rattling everyone from bond traders to political leaders and fund managers.
Oil holds loss after worst slump in 3 years on weakening outlook
Oil was showing little sign of recovering from its unprecedented decline as investors flee a market hammered by swelling supplies and a darkening demand outlook.
Driller Awilco in the red, starts work on Shell’s Puffin location
North Sea drilling contractor Awilco kicked off operations at Shell UK's Puffin location in the third quarter of 2018.
Energy companies lead US stocks lower after oil price plunge
The steepest drop in oil prices in more than three years put investors in the US in a selling mood, extending a losing streak for the S&P 500 index to a fourth day.
Oil extends record losing streak as Trump blasts Saudi plan
Oil fell for a 12th day, its longest losing streak on record, after U.S. President Donald Trump criticized Saudi Arabia’s plan to cut output.
OPINION: Time for change for offshore workers?
For the public at large an offshore worker is considered 'lucky' because - "they get half the year off!"