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.
oil
Oil finds relief in weaker dollar as equities recover from rout
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 makes 60m barrel discovery in North Sea
Aker BP has struck oil at the Frosk exploration well in the North Sea.
Updated: EnQuest knocks down Kraken costs, expects output to lift
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.
Rockrose shares readmitted for trading in London
Shares in Rockrose Energy were today readmitted for trading on the London Stock Exchange.
Plenty of longevity in North Sea despite mixed messages, says KPMG
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 set for first weekly gain this month as US dollar weakens
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 completes £4bn Engie swoop
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.
‘Industry will decide’ best venues for North Sea decommissioning, Lerwick says
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.
Life after oil: Melt your way out of redundancy
Mechelle Clark tells Natasha Mckim about her melt in the mouth way out of redundancy
Awilco, Alpha drilling campaign deal falls through
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 oil? Get fired by this troubled company
Want to make it big in the oil industry? Try getting fired by SandRidge Energy Inc.
New offer put forward after Odfjell workers vote to reject ‘considerable’ pay cuts
Odfjell Drilling has put forward another revised pay offer after north-east workers voted to reject earlier proposals.
Supermarkets should cut fuel prices by at least 2p, RAC says
Supermarkets should cut at least 2p per litre off the price of petrol and diesel amid falling wholesale costs, according to a motoring organisation.
Hurricane’s Lancaster project reaches another milestone
North Sea explorer Hurricane Energy said today that another major milestone had been reached in the quest for first oil from the Lancaster field.
Dunlin area concrete may go to help port expansion
Concrete retrieved from the bed of the North Sea could be used in a planned £23million expansion project at a Highland port.
Oil struggles near $60 amid rising US supply fears
Oil is being held back after its worst week in two years as fears over rising U.S. crude supplies curb investor optimism.
Cluff determined to find farm-out partners despite handing over reins
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.
Oil’s rally from worst week in two years restricted by shale fears
While oil is rebounding from its biggest weekly decline in two years, a surge in U.S. shale still looms over the market.
Consumers to get brief respite as January inflation lower
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 in ‘ongoing proactive discussions’ with investors
Proserv's boss said today that the north-east energy service firm was in "ongoing proactive discussions" over its "capital structure".
Algy Cluff to step down from CEO role at North Sea firm
North Sea pioneer Algy Cluff will step down as the chief executive of his oil exploration and investment company.
Life after oil: From oil and gas to children’s tableware
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.
Indians pay $600m for stake in Abu Dhabi oil concession
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.
Opinion: Changed days for operators and the supply chain?
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.