Serica Energy strikes Bruce field deal with Total
Serica Energy said today that it had agreed a deal with Total to increase its equity in a group of North Sea oil fields.
oil
Updated: Repsol Sinopec hands in new Beatrice decommissioning plan
New decommissioning plans have been filed for a North Sea complex that was once earmarked for military use.
Zennor targets Finlaggan start-up in 2020
North Sea minnow Zennor Petroleum is targeting 2020 for the start of production on the Finlaggan discovery.
Hurricane hits ‘critical milestone’ ahead of Lancaster first oil
Hurricane Energy said today that it had reached a "critical milestone" on the road to first oil from the Lancaster field, west of Shetland.
A week later, analysts still mulling BP’s shale transaction
Almost a week after revealing plans to buy £8 billion worth of US shale assets, BP has yet to convince analysts that the deal with BHP Billiton represents value for money.
Offshore wind, recovering oil market help Fugro narrow losses
An upturn in renewable energy and oil sector work helped Dutch firm Fugro narrow its losses in the first half of 2018.
Opinion: One man’s surplus can be another man’s treasure
Imagine if just a fraction of the pre-owned equipment, inventory and spares sitting idle in the yards and warehouses of the world’s oil towns today could be re-used. What would this do to the industry’s balance sheet, the need for new capital and the economics of projects where the re-use of pre-owned equipment made sense?
Altrad taking huge strides in wake of Cape deal
Altrad said it had taken a huge "stride" towards becoming a world leader in industrial services thanks to its acquisition of Middlesex-based Cape.
Oil drops with Trump trade war back in focus
Oil extended losses below $69 a barrel after a surprise gain in American crude inventories spooked investors who are already contending with the rising trade dispute between the U.S. and China.
BP bosses bullish on Clair field’s growth potential
Bosses at BP were bullish about the future of the Clair field, west of Shetland, after the oil major reported soaring first-half profits yesterday.
Big oil’s winners and losers emerge as crude prices surge
Crude prices rose to three-year highs, operating costs were down and profit was growing by double or triple digits, but investors still found plenty to complain about in Big Oil’s second-quarter earnings.
McDermott wins Mexican pipeline deal
US oilfield service firm McDermott International has won a pipeline installation contract with Mexico's Pemex.
Transocean boss chipper despite Q2 losses
Transocean’s boss said today that the rig contractor had delivered solid second-quarter results on the back of strong efficiency and increased activity.
Updated: BP boss hails ‘steady progress’ as profits rocket
BP's boss praised the oil major's "steady progress" as profits soared in the first-half of 2018.
Aker BP in £155m swoop for Norwegian assets
Oil firm Aker BP has struck a deal to buy 11 licences off Norway from French oil giant Total for £155 million.
Coke, meth and booze: The flip side of the Permian oil boom
The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it's fueling a subculture of drug and alcohol abuse among oil field workers.
TWMA keeps winning streak going with £5m Apache contract
Oil field service firm TWMA has continued its streak of North Sea contract wins by sealing a new £5 million deal with Apache.
Oil rises after fourth weekly decline as supply risks persist
Oil rose in New York after a fourth weekly decline as a weaker dollar boosted the appeal of commodities and concerns over global supply disruptions persisted.
‘Death Highway’ is where oil prices, truck fatalities intersect
Route 285 is the formal designation for one of the main roads used to carry supplies to and from the oilfields of West Texas. Locals call it something else: “Death Highway.”
Opinion: Strong dollar could cap oil prices
The strength of the U.S. dollar poses an obstacle to further gains in oil prices.
i3 Energy raises £1.6m to pay for Liberator survey
Oil firm i3 Energy has raised £1.6 million through the placing of new shares to help pay for site survey work at a field in the other Moray Firth.
Majors with North Sea footprints report profits surge
Oil majors with North Sea footprints reported surging profits yesterday as higher crude prices bolstered the industry’s recovery from the downturn.
Shell’s investment decisions ‘not influenced’ by North Sea unrest
Shell’s boss said widespread labour unrest in the North Sea would not influence the Anglo-Dutch oil giant’s decision to invest more in the region.
Big oil’s cash-flow surge leaves investors wanting more
After enduring the worst downturn in a generation, a sudden surge in crude prices meant investors in Big Oil finally dared to dream of a new “ golden age” of profitability. So far, reality doesn’t have quite the same luster.
Industry must not ‘betray’ Piper victims over safety, Shell chief says
Shell's chief executive said today that the oil industry still needed to do a lot of work to improve safety performance.