Total cancels Ocean Rig contract

Total has cancelled a contract with Ocean rig, just days after Premier Oil ended an agreement for the Eirik Raude operating in the Falklands. The post Total cancels Ocean Rig contract appeared first on Energy Voice. … Read More

Putin’s reward for doing a deal with OPEC overshadowed by risks

Neither a recession nor a collapse in revenue has yet been enough to convince Russian President Vladimir Putin that it’s time to join with OPEC in cutting oil output to boost prices. His reasons may be pragmatic rather than political. The post Putin’… Read More

Shell leapfrogs Total as UK’s biggest producer after BG merger

Shell leapfrogged Total to become the UK’s biggest net oil and gas producer after completing its £36million takeover of BG Group. The “mega-merger” was approved by shareholders from both companies last month and went through yesterday. It creates a f… Read More

Oilfield services firm Expro appoints new CEO

International oilfield services firm Expro yesterday announced the appointment of a new chief executive to replace Charles Woodburn, who will leave in April. Aberdeen and Reading-based Expro has promoted Mike Jardon, 46, from within its own ranks to … Read More

Sembcorp Marine surges on talk of potential privatization

Sembcorp Marine Ltd., which posted its first loss in more than a decade in the fourth quarter, saw its shares jump by the most in nearly a month amid talk that the company could be taken private. The post Sembcorp Marine surges on talk of potential p… Read More

UK Oil & Gas hit ‘significant’ flow rates at Horse Hill

UK Oil & Gas said it has had significant flow rates from its Horse Hill discovery. The post UK Oil & Gas hit ‘significant’ flow rates at Horse Hill appeared first on Energy Voice. … Read More

Saudi, Russian oil ministers said to plan talks in Qatar

Saudi Arabia’s oil minister plans to meet with his Russian counterpart in Doha on Tuesday to discuss the oil market, according to a person familiar with the talks. Ali al-Naimi, the most senior oil official of the world’s biggest crude exporter, will… Read More

Oil execs using watches, jewellery and cars as collateral

Cash-strapped oil executives are using expensive watches, jewellery and even cars as collateral for short-term loans as the “posh pawn” market takes off in Aberdeen. Business is so good in the north-east just now that one Scottish company specialisin… Read More

Opinion: We are at a crossroads

We all know the tough times facing the north-east. The continuing slump in the oil price is presenting this area with perhaps its biggest challenge since drilling began 40 years ago. The truth is that we are at a crossroads, and I think it can now go… Read More

Opinion: Why OPEC will not call an emergency meeting

None of the 13 members of OPEC want the oil price to continue at its current level for longer than is necessary. For some OPEC members, the situation is becoming critical. Even Saudi Arabia, whose lifting costs are well below the current price, is r… Read More

Olympic staff agree to 6% pay cut to save jobs

Staff working for offshore ship owner Olympic in Norway have agreed to a 6% pay cut in a bid to save workers’ jobs. The post Olympic staff agree to 6% pay cut to save jobs appeared first on Energy Voice. … Read More

Low oil price leads to pay cut for Islamic State fighters

IS (Islamic State) are said to have reduced the salaries of fighters – because of the low oil price. The post Low oil price leads to pay cut for Islamic State fighters appeared first on Energy Voice. … Read More

Shell completes BG takeover

Shell has completed its $68.2billion merger with BG Group which will now be delisted from the London Stock Exchange. The post Shell completes BG takeover appeared first on Energy Voice. … Read More

Union Jack Oil commences drilling from Laughton-1 well

Union Jack Oil said it has commenced drilling operations at the Laughton-1 well in the East Midlands. The post Union Jack Oil commences drilling from Laughton-1 well appeared first on Energy Voice. … Read More

BP, Oman Oil agree to develop second phase of Khazzan project

Oil major BP and its partners Oman Oil have agreed to develop a second phase of the Khazzan natural gas field bringing investment in the project to an estimated $16billlion. The post BP, Oman Oil agree to develop second phase of Khazzan project appea… Read More

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