The new chief executive of Brazil's Petroleo Brasileiro SA is pushing for the ouster of two of the state-controlled oil company's board members, three people with knowledge of the matter said on Friday.Roberto Castello Branco is seeking the resignation of two Petrobras board members…
Oil rose above $60 a barrel on Monday, recovering some of the previous session's near-7 percent fall, although uncertainty over global economic growth limited the gains.Brent crude futures rose $1.84 to $60.64 a barrel by 1445 GMT, while U.S…
Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Tuesday.Concerned about an emerging production overhang similar to the one that led to a price slump in 2014…
Georgia Petroleum Council noted released results from a new study highlighting how Georgia’s economy could benefit from over $200 million in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS).“Cutting…
Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy.Top oil companies including Royal Dutch Shell, BP…
Major oil producers must take 'the right steps' to ease supply concerns that have lifted crude prices to a four year-high, the head of the International Energy Agency told Reuters on Thursday.'It is now high time for all the players, especially those key producers and oil exporters…
U.S. net petroleum imports have fallen to the lowest level in more than half a century as a result of the shale revolution, which is profoundly changing the impact higher oil prices have on the economy.Since the 1860s, the United States has been the world’s largest producer and consumer of oil…
Two UK engineering firms have joined forces to offer what they're calling a new project delivery alternative for North Sea operators. Aberdeen-based Apollo Offshore and Kintore-based AquaTerra Group say they want to offer an 'agile, lean and integrated engineering business' via FOS Group…
New exploration in the North Sea will be supported by a US$6.7 million (£5 million) UK government fund for 2018/19, Philip Hammond announced today (25 September) during a visit to Aberdeen and Dundee. The funding will be used by the Oil and…
Aberdeen City & Shire has been through a shock, these past three years. While the 4th industrial revolution is high on the agenda at this morning’s Aberdeen & Grampian Chamber of Commerce (AGCC) SPE Offshore Europe 2017 business breakfast…
Buchan Alpha. Image from Veolia Twitter. Repsol Sinopec Resources UK awarded Veolia the decommissioning job of the Buchan Alpha facility in the UK North Sea, which has ceased production on 12 May 2017 as planned…
North Oil Co. (NOC) has picked Ramboll to carry out a pre-FEED study for three new wellhead platforms at the giant Al-Shaheen field, off the northeastern coast of Qatar in the Arabian Gulf. Al-Shaheen…
BP is forecasting that renewables will become the fastest growing fuel source by 2035, nearly quadrupling over the next 20 years, according to the UK oil giant’s latest Energy Outlook. Image from BP…
Aberdeen Harbour's plans to expand its facilities into a bay south of the existing harbour has been sanctioned by the harbour board. The £350 million project, which was recently granted planning consent in the form of Marine Licenses and a Harbour Revision Order by the Scottish Government…
BP’s compiled data from last year has revealed that global energy consumption has slowed further, with the mix of energy sources shifting towards lower-carbon fuels. Image from BP. In…
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