Global oil benchmarks clash after ambiguous OPEC pact
The world’s two most important oil benchmarks are behaving very differently in the aftermath of OPEC’s meeting in Vienna.
oil
Brutally competitive market will keep rates low as lines blur between operators and suppliers
The oil and gas supply chain is likely to have to keep a lid on its rates for another couple of years as the market remains “brutally competitive”, an analyst has said.
Shell hoping impact of decommissioning project will be felt far beyond Brent
In the year since the Brent Delta platform came ashore for dismantling, its past and present owners have found there isn’t much that can’t be reused or given away.
Ambitious oil rig quarry idea earns top backing
An architect’s alternative vision for Rubislaw Quarry in Aberdeen has received backing from an award-winning and internationally renowned designer.
Think tank cautiously optimistic about economy’s prospects as oil sector sentiment lifts
Some Scottish Government departments could see funding fall by almost 10% over the lifetime this parliament, a think tank has warned.
Serica applies to develop Columbus field
Serica Energy has taken another step in its quest to develop the Columbus field in the central North Sea.
Alternative oil vision for Rubislaw Quarry
An architect has revealed an alternative vision for Rubislaw Quarry in Aberdeen – combining the region’s “history of granite with its more modern history of oil and gas”.
Iran rejects compromise as OPEC heads for battle in Vienna
Iran put itself on a collision course with Saudi Arabia at this week’s OPEC meeting, rejecting a potential compromise that would see a small oil-production increase to appease energy consumers.
OPINION: The Fed is driving down oil prices
The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world.
Saudi dilemma: Output boost could hurt oil-based economy
Saudi Arabia’s plan to halt the oil-price rally could hurt its economy, depriving the kingdom of billions of dollars in income that it needs more than many other OPEC members.
Three appear in court over oil worker’s death
Three people have appeared in court accused of murdering an oil worker found dead at an Angus beauty spot.
OPEC faces a bigger problem in Washington than Trump’s tweets
American politicians are at it again: punching OPEC.
Brent reverses losses as OPEC debates smaller output hike
Brent crude erased earlier losses as OPEC was said to discuss a smaller-than-expected increase in production.
Shell rediscovering its swagger in Texas shale oil country
Shale oil hasn’t always been Royal Dutch Shell Plc’s best friend, but they’re working on the relationship.
Iran can block OPEC agreement, but Saudi can bypass veto
Even with Iran threatening to block an increase in OPEC’s oil production, Saudi Arabia still has options.
Ex-Bowleven director Clarkson becomes COO at Savannah
West-Africa-focused Savannah Petroleum has appointed former BP manager David Clarkson as its chief operating officer.
Updated: Shell submits Curlew decommissioning plans
Energy giant Shell today handed in draft decommissioning plans for the Curlew field in the North Sea.
Former oil boss shares experience with MND
A former oil and gas boss who has lived with Motor Neurone Disease for three years has shared his story to raise awareness of the devastating illness.
City property prices drop despite ‘delicate’ oil recovery
Scottish property prices are growing at their fastest rate in three years – but continue to fall in Aberdeen despite the improving local economy.
Unions to launch Mariner strike action ballot next week
A vote on industrial action which could lead to disruption on a major North Sea project gets under way this week.
Aberdeen firms team up for drone projects after paths cross at OGTC
Two Aberdeen oil service firms have decided to team up after taking a shine to each other at the Oil and Gas Technology Centre (OGTC).
Brent set for weekly loss as Opec dispute looms on supply policy
Oil in London headed for a second weekly decline as investors tried to gauge whether OPEC and its allies will ease production caps at what’s set to be a contentious meeting next week.
OPINION: Can Saudi Arabia prevent the next oil shock?
The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump’s Twitter diplomacy, perceived Russian willingness to open up the taps and pressure from Asian consumers) Saudi Arabia will be willing to revoke its current production cut stance.
China, India want to buy more US oil to counter Opec
Two of Asia’s largest crude buyers are considering teaming up to buy U.S. supplies and counter OPEC’s dominance in the world’s biggest oil market.
Russia and Saudi Arabia pursue Opec deal at World Cup summit
Come for the football, stay for the oil diplomacy.