China tackles speculation as it tries to create oil benchmark
As China seeks to establish a global oil benchmark at home, it wants to prevent a speculative bubble in its upcoming crude futures.
oil
RockRose orders report into longevity of Bleo Holm vessel
RockRose Energy said today that it had commissioned a report to determine whether a North Sea oil vessel should be replaced.
Updated: Judges rule oil downturn did not merit cut in rates
North-east firms have lost their battle to get business rates cut after judges at the highest court in Scotland ruled the oil downturn had not affected the value of commercial properties.
Oil-engineer-turned cafe owner hopes success can inspire others to change Moray town’s fortunes
An engineer who left his career in the oil industry to open up a cafe hopes his success will inspire other businesses to breathe new life into a Moray town.
Exclusive: Rota changes taking toll on mental health of North Sea workers and families, leaked report says
Offshore rota changes are taking their toll on the mental health of North Sea workers and their families, a leaked report suggests.
No room for ‘oil’ in Statoil’s rebranding
Norwegian energy giant Statoil will change its name to Equinor.
New conventional projects can compete with US shale, Woodmac analyst says
New conventional oil projects can compete with US shale on value after three years of cost cuts and efficiency drives, an analyst said today.
Exclusive interview: Chevron ‘building momentum’ towards Rosebank sanction
US oil major Chevron is “building momentum” towards a final investment decision (FID) on the North Sea Rosebank project.
OBR pushes up North Sea revenue projections to £1bn
A new report predicts UK oil and gas revenues will be £400million higher every year from now until 2023 – in the latest sign that the North Sea is on the mend.
Cairn to spearhead more North Sea exploration, content with Kraken, Catcher stakes
Scottish oil firm Cairn Energy said yesterday that it would get to work on its first operated exploration well in UK waters later this year.
Spirit Energy recruits ex-EnQuest chief McCulloch
North Sea oil firm Spirit Energy has appointed EnQuest's former chief operating officer as its technical and HSE director.
World’s 3rd-largest oil major a bargain at $232bn
With its earnings outlook improving and massive pipeline assets expected to be restructured, analysts are forecasting a rally in PetroChina Co.’s Hong Kong shares, which are still trading at 2008 crisis levels.
Cairn Energy targets first operated UK exploration well
Scottish oil firm Cairn Energy said today that it would get to work on its first operated exploration well in UK waters later this year.
Corbyn hints at rethink on oil and gas taxes ‘linked to investment’ in North Sea’s future
Jeremy Corbyn has signalled that he could order a wide-ranging review of North Sea oil and gas taxes if he becomes the UK’s next prime minister.
Exclusive: Strong fourth quarter for KCA Deutag improves 2017 performance
A strong fourth quarter helped KCA Deutag (KCAD) beat its earnings forecasts last year as the market showed signs of picking up.
Port expansion plan to attract rig dismantling
Plans to expand a Shetland port to create a “one-stop-shop” for North Sea decommissioning have been lodged with the islands’ council.
Premier Oil ‘more than happy’ for Solan to play part in Hurricane’s plans
Premier Oil would be “more than happy” for the infrastructure on its Solan field to play a part in Hurricane Energy’s plans west of Shetland, its boss said yesterday.
Ex-oilman tells of ‘hell-hole’ jail conditions
An Aberdeen man currently detained in the Philippines has spoken out about the “hell-hole” conditions he has been faced with.
Oil and gas in strong showing as Scots exports rise by 19%
Scottish goods exports have risen by nearly a fifth, with oil and gas the fastest rising, according to new figures.
Tolmount project could be an example for others to follow, Premier says
Premier Oil's Tolmount project in the southern North Sea could act as a blueprint for other to follow, the firm's chief executive said today.
Premier sees ‘quite a few’ M&A options in UK, keen on bigger Catcher stake
Premier Oil's boss said today that the company is "looking at" North Sea assets with a view doing acquisition deals.
Premier Oil narrows losses, sets sights on high value projects
Premier Oil narrowed its losses in 2017 – a year that saw the company restructure its finances and kick off production from a major North Sea development.
Tax history transfer could cause M&A deal delays
There could be a “glut or a delay” in North Sea merger and acquisition activity towards the end of 2018, as firms wrap their heads around the prospect of transferable tax history legislation.
Statoil to raise extra $2bn by going remote on Norwegian fields
Statoil said today that new operations centres in Bergen will help generate $2billion more from its Norwegian fields between 2020-25.
Total takes risk on Middle East as rivals favor US
Patrick Pouyanne, the pugnacious boss of Total SA, sees risks differently.