BP CEO sees healthy ‘fairway’ with $50-$60 oil
After accurately predicting the prolonged length of the recent oil bust, BP Chief Executive Bob Dudley now sees a healthy "fairway" with oil prices remaining above $50 a barrel but below $70.
oil
Australia, East Timor agree sea border in deal worth billions in oil revenue
Australia and East Timor have signed a historic treaty drawing their maritime boundary, ending years of bitter wrangling over billions of dollars of oil and gas riches lying beneath the Timor Sea and opening a new chapter in relations.
PNG earthquake death toll could pass 100
At least 55 people have been confirmed dead and authorities fear the toll could exceed 100 from last week's powerful earthquake in Papua New Guinea.
Ithaca submits decom plan for North Sea field
Ithaca Energy today handed in draft decommissioning plans for the Jacky field in the Moray Firth.
Statoil’s Hedda Felin not the traditional leader
Hedda Felin tells Allister Thomas why she thinks diversity is a strength in the modern workplace, and the role society has to place in encouraging that
Oil M&A activity flounders as financial discipline reigns
Bankers that work the oilfields can’t close deals this year thanks to the newfound financial discipline of explorers.
Total to close Maersk Oil deal this week
Total's boss has said the French energy giant expects to complete the takeover of Maersk Oil this week.
Baron Oil firms up Wick prospect deal
Baron Oil has firmed up its deal with Corallian Energy to acquire 15% of the Wick Prospect in the Moray Firth.
US energy dominance will squeeze Opec into 2020s
The U.S. will dominate global oil markets for years to come, satisfying 80 percent of global demand growth to 2020 as the shale boom keeps OPEC under pressure, the International Energy Agency said.
Engineering an inclusive future in the North Sea
The UK president of ConocoPhillips tells Mark Lammey that good leaders can transform businesses – if they’re humble
Verbier field could be ‘company maker’, Jersey boss says
Bosses at Jersey Oil and Gas have said the company’s North Sea exploration ambitions won’t stop at the Verbier field in the near future.
Ithaca shrinks board, Les Thomas continues as CEO
Ithaca Energy said today that its board had been thinned out following the North Sea oil producer's takeover by Israeli firm Delek Group.
Well slot shows Cambo well up next west of Shetland
Westwood Global Energy reports that just one exploration well was active on the UKCS at the end of February, with no change since the end of last month. In addition, one exploration has now completed in 2018.
Heating, water ‘issue’ led to downmanning of BP’s Etap rig
Energy giant BP today confirmed that it started taking workers off its Etap platform this week due to an "issue" with the heating and drinking water.
Emergency landing for North Sea copter
A North Sea helicopter carrying 16 people made an "urgent" landing in Aberdeen this morning after the cockpit warning light came on.
Aker BP strikes oil in North Sea field
Aker BP has struck oil near the Alvheim field in the Norwegian North Sea.
North Sea operators to deliver 2.8billion barrels extra, OGA says
The Oil and Gas Authority (OGA) has raised its long-term outlook for North Sea production by 2.8billion barrels of oil equivalent.
Influx of newcomers a ‘terrific dynamic’ for North Sea, Petrofac says
Bosses at Petrofac said yesterday that the oilfield service giant was “well placed” to capitalise on the influx of new companies in the North Sea.
Moller-Maersk to retain ‘secondary liability’ for decom costs in Total transaction
Denmark's energy regulator has given the nod for the sale of Maersk Oil to French energy giant Total to go ahead.
Ruth Davidson lobbying ‘very hard’ on North Sea sector deal
Ruth Davidson has signalled that the North Sea oil and gas industry could be close to securing a £1trillion boost from the UK Government.
Marathon exits Libya with $450m sale to Total
US firm Marathon Oil has completed the sale of its Libyan subsidiary to Total for $450million.
Chevron says impact of climate change ‘minimal’ for decades
Climate change is critical to future energy markets but its effect on Chevron Corp.’s oil and gas business will be minimal for decades to come, the company said in a report Thursday.
Workers stuck on North Sea platform hit by power-supply glitch
US oil major Chevron has shut down production on one of its North Sea platforms due to a power supply glitch.
Costain says oil and gas clients still keeping purse strings tight
Profits at construction and engineering firm Costain climbed 25% last year on the back of its “on-going transformation” efforts.
Repsol looks to sell North Sea portfolio, report says
Spanish oil giant has hired Bank of America-Merrill Lynch to assist with the sale of its North Sea portfolio, a news report said, citing banking sources.