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Eni makes fourth quarter loss as oil slides

Eni reported a fourth-quarter loss, missing analysts’ expectations as the slide in oil prices deepened. Italy’s largest oil producer made an adjusted net loss of 379 million euros ($419 million) from an adjusted profit of 250 million euros a year ear… Read More
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Prosafe not expecting oil market recovery, plans pay cuts

Offshore accommodation provider Prosafe said there was no oil price upturn on the horizon after proposing a round of staff pay cuts. According to one Prosafe worker, who wishes to remain anonymous, the Norwegian company will implement pay cuts across… Read More
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BHP progressing on Brazilian settlement

BHP Billiton said progress has been made in its negotiations with Brazilian authorities on a settlement for the Samarco tailings mine dam burst. Responding to recent news reports that Brazilian authorities are seeking to substantially increase the va… Read More
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Shale drillers finally buckling as OPEC keeps pumping

US oil drillers are finally beginning to buckle. For more than a year, American oil producers found a way to keep pumping despite a worldwide slide in crude prices. Like cartoon character Wile E. Coyote, US drillers dashed off the cliff and somehow k… Read More
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Exxon Mobil’s cherished triple-A credit rating at risk

Exxon Mobil may lose its top-notch credit rating from Moody’s Investors Service as the oil-market collapse imperils cash flow needed to cover debt payments and investment in new discoveries. Seven of the other largest US energy explorers also were pu… Read More
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End of the road for grants for green cars

Motorists considering buying an electric car have just one weekend left to make a purchase before Government subsidies are cut. More than 50,000 people have taken advantage of the plug-in car grant worth up to £5,000 since it was introduced in 2011. … Read More
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UK wind energy hits record high

UK wind-energy production hit record levels during the final quarter of 2015, new figures show. The energy trend statistics from the Department of Energy and Climate Change show wind generation from major power producers up 17.4%, compared with a yea… Read More
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City Regional Deal key to Aberdeen’s future

For decades it has been the powerhouse of not just the north-east economy, but the UK’s as well. And while the North Sea still has a bright future, despite its current difficulties, there is a realisation that the region must add other strings … Read More
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Engie says no “specific” plans to exit oil and gas

French energy firm Engie, said there was no “specific” plans for an exit from oil and gas activity after it said it would focus on low-carbon activities. The company, whose UK exploration and production (E&P) arm is operator of the Cy… Read More
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Emec mulling options for Pelamis wave-energy converter

Orkney’s European Marine Energy Centre (Emec) is seeking ideas for what to do with its Pelamis wave-energy device. It is the latest twist in a turbulent history for one of Scotland’s best-known green-energy inventions. Edinburgh-based company Pelamis… Read More
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In case you missed them: Energy Voice Friday Five with SengS

Each week, Energy Voice pulls together the Friday Five. Click below to see the site’s most read and engaged with copy of the week. Friday Five is sponsored by SengS The post In case you missed them: Energy Voice Friday Five with SengS appeared first … Read More
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Canada set to increase oil production despite glut

Canadian oil production to continue increasing through 2017 despite lower crude oil prices. Oil sands projects that were already under construction when prices began to fall in 2014 and that are expected to begin production in the next two years are … Read More
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Apache slashes spending by more than 60%

Apache Corp cut its annual capital budget by nearly two-thirds and reported a quarterly loss smaller than analysts had expected as its costs fell. The company set a capital budget of $1.4 billion-$1.8 billion for this year, much lower than the $4.17 … Read More
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RGU job cuts will threaten teaching quality union warns

The University and College Union (UCU) has warned that cutting staff numbers at Robert Gordon University will threaten teaching quality and undermine efforts to recruit more students. The union was responding to the university’s announcement that it … Read More
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Top banker brings some cheer to beleaguered North Sea oil industry

Oil prices are on their way up and there is no new financial crisis about to derail recovery in the global economy, a top banker said on a visit to Aberdeen. William Hobbs, head of investment strategy, UK and Europe, at Barclays, declined to guess wh… Read More
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© Aberdeen Journals Limited. 2016

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