Updated: BP ‘changes tack’ with commitment to smaller fields
North Sea firms will spend £420million on the development of two new fields containing 50million barrels of oil in total.
oil
BP investment decision signals ‘change in tack’ for oil major
BP's decision to push ahead with the development of the Alligin and Vorlich fields signals a change in tack from the energy giant, an analyst has said.
BP sanctions two new North Sea developments
BP said today that it would develop two new North Sea fields capable of pumping out 30,000 barrels of oil per day.
Opinion: Mariner strike – Eat humble pie if needs be
It seems a long time since there was last a significant strike during hook-up operations for a new UK North Sea development and that tells me that there’s something wrong out there in the Mariner field.
Triton plans major Aberdeen recruitment drive after securing Chinese cash boost
An oilfield service firm is gearing up for a major recruitment drive in Aberdeen after sealing investment from a Chinese business.
Unofficial Mariner strike ‘unhelpful’ for North Sea investment case
Strike action on a major North Sea oilfield development could dent efforts to attract much needed investment to the sector, an industry chief has warned.
UK Government ‘open’ to £1trillion sector deal for oil industry
The UK Government is "open" to the prospect of agreeing a £1trillion sector deal with the oil and gas industry, according to a Cabinet member.
Norway heads off major strike as pay deal struck
Sweeping strikes have been averted in Norway after trade unions struck a new pay deal with employers, news reports said.
Mariner strike latest: ‘Overtime ban in place’ on North Sea platform
Crew on the Mariner field are thought to be refusing to work overtime as their protest against alleged poor working conditions continues.
Updated: Workers ‘downed tools’ on Mariner project
Workers have downed tools on a North Sea oil rig in a protest against alleged poor working conditions.
Oil worker dies on North Sea platform
An oil worker has died on a platform in the North Sea.
Trump’s trade war with China sends oil to worst week in a month
Oil headed for its worst week in a month after US President Donald Trump called for new tariffs on Chinese goods, souring investor optimism that tensions between the world’s two largest economies will ease with negotiations.
Eland frees up more cash for Opuama wells
Africa-focused producer Eland Oil and Gas said today that the initial borrowing base for its lending facility has been raised to $70million from $40million.
Oil firm with 65% pay gap reacts to findings
Oil firm CNR International has been revealed as the company with the largest gender pay gap in Scotland.
Oil downturn blamed for closure of cookery school
Celebrity chef Nick Nairn has announced the closure of his Aberdeen cookery school as the oil downturn continues to affect trade in the city.
Opinion: Oil price rally is likely
Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is only able to influence oil prices to such a degree because the market is fundamentally getting tighter.
Exclusive: Maersk Supply in £700m-plus vessel renewal programme
Maersk Supply Service (MSS) is in the middle of a £700million-plus fleet renewal programme intended to help the business crack open new markets in the North Sea.
China seeks Goldilocks moment in oil: How futures debuts compare
China wants its first-ever oil futures contract to be done just right, rather than too hot or too cold.
PICTURES: The dismantling of BP’s Miller platform
Energy major BP has published jaw-dropping photos of the Miller platform being decommissioned.
Exclusive: Total’s robot trial is world first
A revolutionary project which will see the world’s first autonomous robot working on an oil rig has been unveiled.
Bahrain celebrates biggest oil discovery since 1932
Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency.
Private equity poised for oil growth as public companies pull back
Frost Cochran’s firm spends millions of dollars every month to build and expand pipelines that move crude oil in West Texas. But drillers are pumping so much oil that the Houston investor has stopped guessing when it might finish paying crews to dig trenches and weld steel as demand for the pipeline network, which now stretches across 850,000 acres, appears insatiable.
Ithaca production adds £4m to Delek’s net income in 2017
Israeli firm Delek Group said today that its takeover of North Sea oil producer Ithaca Energy gave it a shot in the arm last year.
Score Group results ‘favourable’ in year marked by founder’s passing
Score Group has reported “favourable and positive” results for a financial year overshadowed by the death of the north-east firm’s founder and chairman.
New decommissioning centre will ‘fix today, transform tomorrow’
A new centre of excellence will help the sector “transform tomorrow” by fixing the oil and gas decommissioning problems of today, an industry chief has said.