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OBAMA BANS OIL DRILLING 'PERMANENTLY' IN MILLIONS OF ACRES OF OCEAN


Outgoing US President Barack Obama has permanently banned offshore oil and gas drilling in the vast majority of US-owned northern waters... READ MORE

22nd December, 2016 7106

GE CREATES $32 BILLION OIL-SERVICES GIANT WITH BAKER HUGHES DEAL


GE will contribute 7.4 billion to fund a special dividend of 17.50 a share to Baker Hughes stockholders... READ MORE

1st November, 2016 5349

WORLD WIDE WEB? MAP RESIZES COUNTRIES BY NUMBER OF INTERNET USERS


In 2011, Qatar and South Korea were the only countries outside Europe and North America in the group of countries with highest internet penetration... READ MORE

10th July, 2015 3237

HOW GLOBAL OIL FLOWS MIGHT LOOK AFTER OPEC'S SUPPLY SHOCK


The early signs are that Middle East suppliers will prioritize Asia, pushing competitors in Africa and the Americas to keep cargoes in the Atlantic region... READ MORE

19th December, 2016 2679

OIL FROM $50 BILLION KASHAGAN FIELD STARTS FLOWING TO EXPORT


The Kazakh currency advanced 0.3 percent to 330.45 tenge per dollar in Almaty, the strongest since June... READ MORE

16th October, 2016 2223

SHELL RESUMES ARCTIC DRILLING BUT CUTS $15BN FROM GLOBAL INVESTMENT


Related Stories Royal Dutch Shell is reviving plans to drill for oil in the Arctic in a move likely to intensify its battle with environmentalists... READ MORE

29th January, 2015 1952

COULD THE OILSANDS REALLY BE PHASED OUT? HERE ARE THE POSSIBILITIES


Oilsands too important to phase out Trudeau's comments last week caused a political tempest in Alberta, but not much of a ripple in the business community... READ MORE

19th January, 2017 1693

NORWAY HELICOPTER CRASH: '11 KILLED' NEAR BERGEN


It was flying from the Gullfaks oil field to Bergen, a centre for the North Sea oil and gas industry... READ MORE

29th April, 2016 1541

BP EVACUATES VALHALL OIL FIELD IN NORTH SEA


Meanwhile, BP said it is working to completely evacuate a North Sea oil field because a barge is drifting out of control in the turbulent seas... READ MORE

31st December, 2015 1368

GEORGE OSBORNE OVERSEES BIGGEST FOSSIL FUEL BOOM SINCE NORTH SEA OIL DISCOVERY


George Osborne gave the fossil fuel sector another 430m in tax breaks in his autumn statement... READ MORE

7th December, 2014 1325

WONGA TO CUT ONE-THIRD OF ITS WORKFORCE IN RESTRUCTURING


That the North Sea oil and gas industry was in trouble even before the dramatic fall in oil prices that started in August last year... READ MORE

24th February, 2015 964

PREPARE FOR THE NORTH SEA OIL FLOOD


Only one supertanker, Front Ariake, remains floating with North Sea crude off the coast of England... READ MORE

5th November, 2016 906

NORTH SEA OR GREAT AUSTRALIAN BIGHT, OIL DRILLING IS ALWAYS A RISKY BUSINESS


Failures of these bolts could result in an oil spill on the scale of the Deepwater Horizon disaster ... READ MORE

7th October, 2016 788

G7 NATIONS PLEDGE TO END FOSSIL FUEL SUBSIDIES BY 2025


The OECD estimates that this type of support for fossil fuels within its member states is 160-200bn ?109-136bn each year... READ MORE

28th May, 2016 663

ANDY SAMUEL NAMED AS HEAD OF OIL AND GAS AUTHORITY IN ABERDEEN


Norman Kerr, director at the charity Energy Action Scotland, told Good Morning Scotland that more needs to be done to tackle fuel poverty... READ MORE

6th November, 2014 603

FOR OPEC'S RIVALS, SUCCESS LIES IN OIL MARKET FAR, FAR AWAY


The value of Brent crude loading in three months is about 1 per barrel higher versus cargoes for two months ahead... READ MORE

25th November, 2016 424

JIM RATCLIFFE: FRACKING CAN BE DONE SAFELY. A LOT OF OPPOSITION IS BASED ON HEARSAY


He hopes that fracking in the UK can make up for diminishing North Sea resources and be a major source of energy... READ MORE

12th September, 2015 374

FOUR ITALIANS KIDNAPPED NEAR ENI OIL PREMISES IN LIBYA


Four Italians have been kidnapped near the oil and gas port of Mellitah in Libya, the Italian foreign ministry has announced... READ MORE

20th July, 2015 330

WHAT COMES FIRST? THE ECONOMY, ENERGY OR THE ENVIRONMENT?


There was also support for higher energy costs, if it meant Canada was taking action on climate change and the environment... READ MORE

14th March, 2016 294

BP IS MOST-EXPOSED AMONG OIL MAJORS TO OPEC-RUSSIA CUTS


Total follows BP with 670,000 barrels a day of output in the countries, according to Rystad... READ MORE

7th December, 2016 228

BP TO CUT 4,000 JOBS GLOBALLY AS OIL PRICES DROP


NEW YORK-- Oil producer BP plans to slash more than 4,000 jobs over the next two years as oil prices plummet... READ MORE

12th January, 2016 195

BIG OIL TO CUT INVESTMENT AGAIN IN 2016


Royal Dutch Shell RDSa.L has also announced a further 5 billion in spending cuts if its planned takeover of BG Group BG.L goes ahead... READ MORE

3rd January, 2016 191

GEORGE OSBORNE: WE SHOULD EMBRACE CHINA, NOT FEAR ITS RISE


We want a golden relationship with China that will help foster a golden decade for this country... READ MORE

19th September, 2015 177


All three major British political parties have already set out differing proposals on extra powers for Scotland if it rejects independence... READ MORE

7th September, 2014 160

DRIFTING BARGE MISSES NORTH SEA OIL PLATFORMS


North Sea oil platforms evacuated after loose barge drifts in rough seas... READ MORE

31st December, 2015 148

CAN OIL, GAS COMPANIES REALLY BE CLIMATE LEADERS?


On Friday CEOs of 10 leading oil companies came together to commit to tackle climate change ahead of the Paris COP21 summit later this year... READ MORE

19th October, 2015 128

ANADARKO APPROACHED APACHE WITH OFFER THAT WAS REJECTED


Walker said Anadarko is frequently outbid for assets by private equity companies who have raised billions to invest in the sector... READ MORE

11th November, 2015 69

FACING RECORD OVERSUPPLY, U.S. OIL LOOKS FOR A HOME IN EUROPE


That may mix up the needs of northwest European or Mediterranean refiners which may be able to take some U.S. (crude) if it works," another refiner said... READ MORE

4th March, 2016 63

HELICOPTER CARRYING 14 CRASHES IN NORWAY


Post to Facebook Helicopter carrying 14 crashes in Norway A helicopter carrying aroundA 14 people crashed Friday near theA Norwegian city of Bergen, police said... READ MORE

29th April, 2016 38

OIL BUOYED BY REPORTED US STOCKPILE DRAW FALLING CHINA OUTPUT


The Chinese data showed that the world's second-biggest economy was supportive of higher oil prices... READ MORE

19th October, 2016 30


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