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LNG backers face comatose market as oil shows signs of life

As oil markets look for the green shoots of a price recovery, LNG participants are hunkering down for a long winter. The most influential executives, investors and traders in the liquefied natural gas market will gather in Perth, Australia, this week… Read More
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Schlumberger snaps up ADIL

An Aberdeen oil and gas consultancy has been snapped up by industrial giant Schlumberger for an undisclosed sum. It is thought ADIL will take advantage of Schlumberger’s global reach to expand its services including a novel oil and gas industry colla… Read More
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Saudi firm takes over Aberdeen-based subsea company

An Aberdeen-based subsea services company has been snapped up by investors including the Saudi-based investment bank of ten Arab countries. Arab Petroleum Investments Corporation (Apicorp) and its London-based venture capital partner, Buckthorn, have… Read More
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Take our survey and win a luxury, champagne weekend break for two

Take Energy Voice’s survey and be in with a chance to win a luxury, champagne break for two at the Macdonald Norwood Hotel. Energy Voice’s latest sector research campaign is aimed at uncovering opportunities in a low oil price environment… Read More
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The invisible money makers who thrived during 2015 oil slump

Even in the closely knit energy industry they are virtually unknown. On the streets of Geneva, London and Houston they go unrecognized. Yet a handful of executives were oil-industry standouts in 2015. They thrived because of — not despite ̵… Read More
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Aberdeen Airport doubles controversial drop-off charge

Bosses at Aberdeen International Airport have revealed plans to double their controversial drop-off charge. The original £1 charge came into force in January last year as part of a drive to reduce congestion and improve safety during peak times ̵… Read More
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Saudi Arabia steps up transparency with company disclosures

Saudi Arabia’s stock exchange, the Arab world’s largest, plans to start disclosing ownership information of top executives at listed companies as the kingdom steps up efforts to increase transparency. The Tadawul will require all companies trading on… Read More
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Chesapeake pledges almost everything it owns to keep bankers happy

Chesapeake Energy Corp. pledged “substantially all” of its gas fields, office buildings and derivatives contracts to maintain access to a $4 billion credit line as the shale driller grapples with falling energy prices. Investors pushed the stock to t… Read More
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Commodity stock surge

Commodity stocks surged ahead on the London market yesterday morning, buoyed by the weakening dollar and a rebound in the price of oil. Mining giant Anglo American led the charge, rising 37.9p to £5.85, as Brent crude lifted 1.9% to $42.75 a barrel a… Read More
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Sub $50: Canadians should use Canadian oil not imports says oil boss

The collapse in capital investment in the Canadian oil industry should press Prime Minister Justin Trudeau’s government to push the button on new oil pipelines and liquefied natural gas developments for an industry struggling with the commodity price… Read More
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Amec Foster Wheeler wins Fukushima deal

Amec Foster Wheeler has won a deal which will see its technology aimed at making radioactive waste safer trialled at Fukushima, Japan. The work carried out in partnership with Fuji Electric, on behalf of the Japan Atomic Energy Agency, willcentre on … Read More
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Woodside signs deal with Siem Offshore for LNG first

Woodside has agreed a deal with Norwegian company Siem Offshore Australia for the country’s first LNG-powered marine support vessel in 2017. Woodside chief operations officer Mike Utsler said: “We’re thrilled to be the first company to bring on… Read More
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Kuwait targets oilput at 43-year high as freeze talks looms

Kuwait Oil Co. will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Persian Gulf nation tries to boost crude output to the highest level in more than four decades. Kuwait is targeting production of… Read More
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Tata sale saves 4,440 UK steel jobs

The sale of a huge Tata steelworks has been confirmed, safeguarding thousands of jobs. The Indian conglomerate announced the signing of an agreement to sell its Long Products Europe business, including its plant in Scunthorpe, to investment firm Grey… Read More
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Suicide belt selfie oil worker touted for Celebrity Big Brother

The Aberdeen oil worker who achieved global notoriety after posing with a would-be hijacker on an Egyptian airliner could be set to appear on Celebrity Big Brother. Safety auditor Ben Innes, 27, is being lined up by TV executives who are keen to tap … Read More
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© Aberdeen Journals Limited. 2016 vat no GB 927 167 212

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