A century and a half before the current supply glut sent oil prices into contango, one of America’s greatest industrialists tried to make money by storing crude. He failed.
The post The robber baron who botched the world’s first oil storage trade app… Read More
Oil traded below $31 a barrel after U.S. crude stockpiles rose to the highest in more than eight decades as Saudi Arabia and Russia propose to freeze output amid a worldwide surplus.
The post Oil trades below $31 as rising US crude stockpiles expand … Read More
Newly-declassified papers have painted a dramatic picture of the moment Margaret Thatcher’s Cabinet was told about the Piper Alpha Disaster.
The late Cecil Parkinson – who was energy secretary at the time – broke the news to the prime minister and co… Read More
Wood Group PSN has taken another swing of the axe to contractor rates in response to continuing cost challenges affecting the UK North Sea oil & gas sector.
The post Wood Group PSN cuts contractor rates by 9% appeared first on Energy Voice.
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Teekay Corporation reported fourth-quarter net income of $38.2 million, after reporting a loss in the same period a year earlier.
The post Teekay reports fourth quarter income appeared first on Energy Voice.
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Each week, Energy Voice pulls together the Friday Five.
The post In case you missed them: Energy Voice’s Friday Five with SengS appeared first on Energy Voice.
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A Netherley-based power turbine firm has invested £50,000 in a new 3D measuring tool. Alba Power said its new FaroArm would save time and money as part of its machinery shop expansion. Chris Field, the firm’s production manager said: “We decided to l… Read More
Scotland’s own “Michelin Man” is lined up to speak at a newly announced Energy Jobs Taskforce event in Aberdeen.
The post “Michelin man” to speak at jobs taskforce gig in Aberdeen appeared first on Energy Voice.
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Former Energy Secretary Cecil Parkinson told the Cabinet he had "complete confidence" in Lord Cullen's inquiry into the Piper Alpha Disaster.
The post Files reveal former energy secretary’s “confidence” in Piper Alpha investigation … Read More
Aberdeen’s oil and gas community heard that crude prices will bounce back to $60 per barrel by the end of the year – then again, they may not. Predicting the oil price may be about as easy as picking winning lottery numbers, but it didn&#… Read More
Oil production in the US Gulf of Mexico is projected to reach a record high in 2017, even as oil prices remain low. The US Energy Information Administration’s latest analysis predicts US GOM crude production will increase to an all time high of… Read More
The world’s nations must adapt to new technologies to ensure sustainability and supply security as the world moves to low-carbon power generation, according to the International Energy Agency. A new IEA report prescribes a new balance between r… Read More
Apple has issued $1.5 billion in bonds dedicated to financing clean energy projects across its global business operations, the largest green bond to be issued by a US corporation. Proceeds from the green bond sales will be used to finance renewable e… Read More
Harding has won a contract to deliver lifeboats and davits to Maersk’s Culzean project in the North Sea.
The post Harding wins Culzean lifeboat contract appeared first on Energy Voice.
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Xcite Energy said its licence containing the Bentley field has been extended until June next year after approval from the OGA (Oil and Gas Authority) and DECC (The Department of Energy and Climate Change).
The post Xcite Energy extends licence for Be… Read More
