Brent drops from 2-week high as US warns of ‘phenomenal’ surge
Brent crude fell from a two-week high as the market weighed forecasts for a surge in U.S. production against OPEC’s success in accelerating the pace of draining a global glut.
Brent crude fell from a two-week high as the market weighed forecasts for a surge in U.S. production against OPEC’s success in accelerating the pace of draining a global glut.
Oil shook off some of the fears that had rattled the market to extend gains above $62 a barrel as the dollar weakened and global equities rebounded from a rout.
Aker BP has struck oil at the Frosk exploration well in the North Sea.
North Sea oil producer EnQuest said today it had managed to knock down the cost of its Kraken field project, which started producing in June.
Shares in Rockrose Energy were today readmitted for trading on the London Stock Exchange.
An oil and gas expert insists there is investment “for many years to come” in the UK Continental Shelf, despite recent mixed messages about its longevity.
Oil headed for its first weekly gain this month as a weaker dollar boosted the allure of commodities priced in the U.S. currency.
Neptune Energy Group said last night it had completed a near-£4billion swoop for oil and gas exploration and production (E&P) assets in the UK North Sea and elsewhere in the world.
Bosses at Lerwick port have said “industry will decide” on the best location for decommissioning oil rigs after plans for a new facility in Ayrshire were revealed.
Mechelle Clark tells Natasha Mckim about her melt in the mouth way out of redundancy
Awilco's deal to supply Alpha Petroleum Resources with a rig for a UK North Sea campaign has fallen through.
Want to make it big in the oil industry? Try getting fired by SandRidge Energy Inc.
Odfjell Drilling has put forward another revised pay offer after north-east workers voted to reject earlier proposals.
Supermarkets should cut at least 2p per litre off the price of petrol and diesel amid falling wholesale costs, according to a motoring organisation.
North Sea explorer Hurricane Energy said today that another major milestone had been reached in the quest for first oil from the Lancaster field.
Concrete retrieved from the bed of the North Sea could be used in a planned £23million expansion project at a Highland port.
Oil is being held back after its worst week in two years as fears over rising U.S. crude supplies curb investor optimism.
North Sea oil pioneer Algy Cluff said his company was determined to find farm-out partners for its licences after revealing plans to step down from the chief executive role.
While oil is rebounding from its biggest weekly decline in two years, a surge in U.S. shale still looms over the market.
Inflation is expected to have eased at the start of the year, giving consumers a further reprieve from the Brexit-induced jump in the cost of living.
Proserv's boss said today that the north-east energy service firm was in "ongoing proactive discussions" over its "capital structure".
North Sea pioneer Algy Cluff will step down as the chief executive of his oil exploration and investment company.
North-east business Little Mr. M & Friends is the latest example of how the recent offshore downturn has spawned a new generation of entrepreneurs in the north-east.
Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time.
The regulatory framework represents a huge shift for oil companies — and the industry as a whole — in terms of the way it works, as well as its mindset.