‘Dark cloud’ over forecourts amid oil price rise
Motorists could be hit by more fuel price rises due to the "dark cloud" of high oil prices, a motoring firm has warned.
oil
Oil nears four-year high as Iran export drop stokes concerns
Oil traded near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to replace falling exports from Iran.
Updated: RockRose completes Dyas BV acquisition
Oil firm RockRose Energy said today that it had completed the £94 million acquisition of Dyas BV.
GMB workers in strike action vote over OCA deal
The GMB trade union has opened a strike action ballot for its members working in the UK North Sea.
Equinor confirms deal for Chevron’s Rosebank stake
Norwegian energy giant Equinor has struck a deal to return to one of UK North Sea’s biggest undeveloped fields after a five-year absence.
Equinor’s Rosebank return to give project lift off, analysts say
Equinor’s takeover as Rosebank operator will give impetus to a project which has stuttered since the field was discovered in 2004, analysts said.
Apache North Sea profits skyrocket as crude prices rise
Resurgent crude prices kept Apache Corporation’s North Sea business on an upward trajectory last year.
Equinor ‘interested’ in Chevron’s Rosebank stake, report says
Norwegian energy giant Equinor is in the running for Chevron's 40% interest in the Rosebank field, a news report said.
Updated: US extends sanctions waiver on Rhum field
The US has issued an interim licence to nullify restrictions on production from a UK North Sea field.
Oil extends longest quarterly rally in a decade on supply risks
Oil in London extended gains after the longest quarterly rally in a decade as a slowdown in American drilling added to supply risks while the U.S. and Saudi Arabia discussed market stability.
CATS Management boss keeps eyes peeled for next opportunity
Pipeline and terminal owner CATS Management (CML) is on the lookout for the next opportunity to kick-start a North Sea project.
Operations centre saves Repsol Sinopec £60m in one year
A North Sea oil company managed to save £61 million in one year by improving communication between onshore and offshore teams to cut unplanned downtime.
What $100 oil would mean for world economy
Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy.
Oil and gas careers advice event to be held in Aberdeen
A north-east oil and gas careers advice event is to take place next month.
Apache is latest firm to scrap three week rotas
US oil firm Apache Corporation has become the latest company to scrap unpopular, three-week rotas in the UK North Sea.
Serica closes in on acquisitions, but takes hit from Erskine blockage
Serica Energy said today that it expects to complete two North Sea acquisitions on November 1.
Renewables work boosts balance sheet at Sparrows
New work overseas and in renewable energy markets boosted the balance sheet at Sparrows Offshore Group during its last trading year.
Updated: BP gets OGA permission for £200m Vorlich project
The Oil and Gas Authority (OGA) has given BP its blessing to develop the Vorlich field in the central North Sea.
Opinion: $100 oil is distinct possibility
An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report.
EU plan to sidestep Iran sanctions won’t keep oil flowing
A proposed plan by the European Union, Russia and China to sidestep U.S. sanctions on Iran by using an alternative payment system won’t give its oil buyers a free pass to handle Iranian crude.
‘Commercial challenges’ could rule out private-equity bid for Rosebank
US oil giant Chevron confirmed yesterday that it had received an approach for its stake in one of the UK’s largest undeveloped fields.
Total sees $100 oil coming, and says it may not be a good thing
Total SA is among a growing chorus that sees $100 oil on the horizon. But the French energy giant isn’t thrilled about it.
Total lines up more exploration west of Shetland after Glendronach success
Total’s UK boss believes the west of Shetland basin has a big future as the oil giant limbers up for more drilling.
Chevron receives approach for Rosebank stake
US oil major Chevron has received an approach for its stake in a major North Sea project.
New man France takes helm at oil services firm Asco
Oil and gas services firm Asco will have a new man at the helm from Monday.