The former boss of Malaysian national oil company (NOC) Petronas, Tan Sri Wan Zulkiflee, will be removed from ExxonMobil’s board just four months after being appointed, after investors rejected him in a historic vote.
MPs will vote on replacing the ageing submarines carrying the Trident nuclear missiles on July 18, David Cameron has announced.
The managing director of Score Europe said industry must "rise to the challenge" and "pull together" after the UK voted by a narrow margin to leave the European Union.
Oil major Shell has said it respects the decision of the "British people" to leave the European Union, despite being in favour of a remain vote.
A majority of people in Scotland will vote to leave the European Union, leading Brexit campaigner Michael Gove has predicted.
A vote in Italy to curtail the duration of existing drilling concessions in territorial workers has failed.
A ballot on whether North Sea workers should accept new conditions put forward by member companies of the OCA (Offshore Contractors Association) will close tomorrow. It comes after revised proposals were put forward after talks were held with Unite, the OCA and ACAS (Advisory, Conciliation and Arbitration Service).
A Nigerian court declared the election of a governor in one of the country’s oil hubs as invalid due to irregularities. A fresh vote has been called for within three months in the Rivers State region as concern is raised it could lead to tension. It comes after former militants in the southern region said they might resume a fight for a greater share of oil revenues if President Muhammadu Buhari ends an amnesty due to expire in December.
Unions have rejected proposals offered by the Offshore Contractors Association (OCA) for North Sea workers in a move which could increase the chance on industrial action in the North Sea. Both GMB and Unite were balloted on whether to accept a new deal put on the table last month. The result of the ballot from Unite members was 63.5% against and 36.5% in favour. It is understood the union will be consulting with members in coming days following the decision. It is understood GMB voted in favour of the proposals but as the union had fewer members balloted their vote has been outweighed by Unite. The OCA's chief executive Bill Murray said it was "extremely disappointed" by the move.
More than 90% of readers who took part in an exclusive Energy Voice poll believe Chancellor George Osborne still has more to do in supporting the North Sea oil and gas industry. When asked the question ‘Did the Chancellor do enough to support the North Sea this Budget’ only 6% of voters agreed he had. However 93% of participants echoed sentiment from the sector that the Chancellor could have gone further.