Further strikes on Total platforms to take place today
Strike action is due to continue today on North Sea platforms operated by French oil giant Total.
oil
US-Iran sanctions give China lead in world’s top gas field
China National Petroleum Corp. is expected to take the lead on a $5 billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic.
US sanctions on Iran up the ante in Middle East oil price war
A price war is brewing between top oil producers in the Middle East, and the U.S. may be at the heart of it.
Oil set for sixth weekly loss as trade war stokes demand fears
A bruising week for oil has set prices on course for the longest weekly losing streak in three years as a trade war between the world’s two biggest economies stokes fears it could sap energy demand.
Analyst ‘surprise’ at Dana’s full exit from Arran
RockRose Energy's acquisition of Dana Petroleum's entire stake in the Arran development for a "nominal consideration" is a "very good" move, an analyst has said.
Decom fund will leave lasting ‘legacy’, Wheelhouse says
Scotland’s economy will benefit from the “legacy value” left by investments in port infrastructure, the country’s energy minister said yesterday.
Energy minister ‘confident’ Scotland will get ultra-deep water port
Scotland boasts the best candidates for the creation of an ultra-deep water port, Energy Minister Paul Wheelhouse said yesterday.
Scottish Government puts another £5m behind decommissioning fund
The Scottish Government will provide an extra £5 million to help the oil industry supply chain win a bigger share of decommissioning work.
UK energy secretary ‘very positive’ on oil sector deal
The UK’s energy secretary said yesterday that he felt “very positively” about the oil and gas industry’s bid for a sector deal.
OPINION: If done well, tax transfer can get assets in right hands
After a period of stagnation following the fall in the oil price in 2014 there is now evidence of an increasingly attractive environment for deal-making in the UK Continental Shelf (UKCS).
OPEC plus or OPEC minus? Rosneft points to oil cartel in flux
Since late 2016, the Organization of Petroleum Exporting Countries and other nations, including Russia, Kazakhstan and Mexico, have managed the oil market, giving birth to a group popularly known as OPEC+.
Ryan Zinke sued over ‘stacked’ US panel on oil, gas, coal royalties
The Trump administration committee that helps set royalty payments for coal, oil and gas extracted from public lands is stacked with industry insiders who stand to directly benefit from lower payments to the public, a U.S. environmental group said in a lawsuit.
Brent crude rises as Trump’s Iran sanctions kick in
Oil prices were trading higher on Tuesday amid expectations that US sanctions on major exporter Iran will tighten global supply.
EU urges businesses to keep trading with Iran
The European Union is encouraging enterprises to increase their business with Iran, as that country has been compliant with its nuclear-related commitments.
Rosneft sets cashflow record as Russian oil hits the sweet spot
Rosneft PJSC posted record cash flow in the second quarter as Russian oil companies hit a sweet spot of rising crude prices and a weakening ruble.
‘It’s time to see bigger picture’, BP boss says
Creativity and innovation don’t come as easily to North Sea oil as they do with other industries, but BP’s regional president wants to change that.
NHV Group taking flight and winning the contracts
By its own admission, helicopter operator NHV Group is not a big name in north-east Scotland compared with the likes of Babcock, Bristow or CHC.
Hedge funds unnerved by trade war cut oil bets to 2-year low
An intensifying trade war between the U.S. and China is scaring hedge funds away from an increasingly volatile oil market.
Oil rises as Saudi supply cut counters fears over trade war
Oil rose in New York after Saudi Arabia was said to have curbed production, offsetting concerns that the growing trade dispute between the U.S. and China will hurt demand.
Saudi Arabia orders Canadian envoy to leave over criticism
Saudi Arabia has ordered the Canadian ambassador to leave the ultraconservative kingdom within 24 hours after his nation criticised the recent arrest of women's rights activists.
18 killed in Siberian oil worker copter crash
A Russian helicopter carrying oil workers has crashed shortly after take-off in Siberia, killing all 18 people on board.
Serica ‘could not afford to miss out’ on new North Sea deal
Serica Energy’s boss has said the North Sea oil firm "could not afford to miss out" on its latest acquisition.
Costs ‘not main driver’ for Dunlin decommissioning plan, Fairfield boss says
Fairfield Energy said yesterday that costs were “not the main driver” behind its request to leave the huge concrete legs of the Dunlin Alpha platform in the North Sea.
‘Very cheap’ acquisition a major step for Serica, analyst says
Serica's acquisition of Total's stakes in two North Sea fields is a major step forward for the company, an analyst has said.
Updated: Fairfield asks to leave Dunlin Alpha legs in North Sea
North Sea oil firm Fairfield Energy has applied for permission to leave the huge concrete legs of the Dunlin Alpha platform in the North Sea.