Oil bulls lose heart as mega producers signal more supplies
It’s tough to stay positive on crude when the world’s three oil superpowers are likely to increase production.
oil
Corallian’s Oulton field can deliver up to 31m barrels
Corallian Energy's Oulton field in the UK North Sea could yield more than 10 million barrels of oil.
Global oil benchmarks pulled apart in sign of market discord
Long-established relationships between the world’s most important oil prices are being strained by conflicting forces across the globe.
OGA grants Cluff breathing room on deadline for North Sea farm-out
The Oil and Gas Authority (OGA) has scrubbed Cluff Natural Resources' obligation to farm-out two of its North Sea licences by the end of May.
Johan Sverdrup drilling topside sets sail for North Sea
The drilling topside for Equinor's Johan Sverdrup field is setting sail from Aibel's yard in Haugesund on its way to the North Sea today.
Oil’s rally to 3-year high choked by fear of Opec output revival
Oil’s rally to its highest level since 2014 was curtailed this month after two of the world’s biggest crude suppliers signaled they may scale back historic output cuts that helped drain a global glut.
Corallian applies for consent to drill Wick
Corallian Energy has applied to the UK Government for permission to drill the Wick well in the Outer Moray Firth.
North Sea operators to put DeltaTek’s well building tool through its paces
Well construction start-up DeltaTek Global will trial its SeaCure product offshore with two North Sea operators this summer.
Africa’s hidden oil hub grows after making millions for traders
For oil traders, there’s no place quite like Saldanha Bay. When prices slumped in 2014, trading houses generated outsize profits by storing millions of barrels of crude in the deep-water harbor north of Cape Town.
VIDEO: Investigation after men speedboat under two oil rigs in Dundee
An investigation has been launched after video emerged online of two men taking a speedboat underneath two oil rigs at the port of Dundee.
Drilling starts on Total’s Glendronach well west of Shetland
Total E&P UK said today that drilling had started on the Glendronach exploration well, west of Shetland.
WATCH: Eerie video of haar approaching North Sea rig
Creepy footage of haar, or fog, approaching an unspecified North Sea oil rig have been published online.
Oil drops after Saudi-Russia output revival plan rattles traders
Oil headed for its longest run of losses since February as investors weighed Saudi Arabia and Russia’s proposal to boost output to ease concerns over supply shortages.
Figures show high rate of city and shire disposable income despite downturn
North-east residents have continued to have more spending money than any other part of Scotland during the worst years of the oil and gas downturn.
Oil tycoon’s ‘regret’ that north-east didn’t benefit more from oil
Oil tycoon Sir Ian Wood has expressed regret that Aberdeen didn’t benefit more from the North Sea oil boom.
Oil slumps as Saudis, Russia say reviving output on the table
Oil headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing reviving output to ease consumer anxiety after prices jumped to levels last seen in 2014.
Oil heads for weekly loss as Opec and partners mull easing curbs
Oil is poised to post its first weekly decline in almost a month as Saudi Arabia and Russia said they’re discussing easing global output cuts while the risk of Iranian and Venezuelan supply disruptions linger.
RockRose to ‘digest’ latest acquisition, focus on organic growth
RockRose Energy’s boss said the North Sea oil firm would take time to “digest” its latest acquisition, rather than diving into further deals.
Updated: Repsol Sinopec to cut 70 Aberdeen jobs
Repsol Sinopec Resources UK (RSRUK) will make 70 employees redundant in Aberdeen.
Value of North Sea exploration activity on the rise, survey says
The value of exploration and production activity across the UK Continental Shelf (UKCS) continues to rise with firms also now equally optimistic about the North Sea and international markets for the first time since 2013.
‘It helps being robust, frankly’, OGA chief says
The Oil and Gas Authority’s “robust approach” to regulating North Sea industry is paying off, its chief executive said.
RockRose doubles production with Dutch acquisition
Oil firm RockRose Energy has clinched a deal to buy 13 million barrels worth of non-operated oil reserves in the Netherlands for £94 million.
Strong production helps EnQuest wipe out debt chunk early
Oil firm EnQuest said strong production performance had helped it wipe out £37 million worth of debt early.
Companies prove appetite for North Sea exploration
The latest offshore licensing round proves oil companies still have a real appetite for North Sea exploration, the industry’s regulator said yesterday.
Who won what? North Sea 30th round awards in maps
Oil companies new and old were among the winners in the 30th UK continental shelf licensing round.