UK’s oil and gas reserves ‘may only last a decade’

Sep 20, 2017 Jonny Bairstow Coal, Gas & Oil, Top Stories 0

The UK’s current oil and gas reserves may last only a decade. That’s according to a new study from scientists at the University of Edinburgh, who say only around 10% of the UK’s original...

UK oil and gas sees £4.6bn of deals in first half of 2017

Sep 06, 2017 Jonny Bairstow Coal, Gas & Oil, Markets & Finance 0

Around £4.6 billion of mergers and acquisitions took place in the UK’s oil and gas sector in the first half of 2017. That’s according to a new report from Oil & Gas UK, which says this is a...

Construction starts on £16m subsea research facility

Sep 06, 2017 Jonny Bairstow Coal, Gas & Oil 0

An oil and gas flow measurement specialist has started building a £16 million subsea research and development centre in Scotland. NEL expects its Centre of Excellence (CoE) to allow a greater...

Oil and gas investment competition ‘driving tax reform’

Aug 03, 2017 Jonny Bairstow Coal, Gas & Oil, Markets & Finance 0

Competition for attracting oil and gas investments has driven changes in tax structures around the world. That’s according to a new report from professional services firm EY which explores...

Global oil prices to ‘stay volatile through 2017’

Jul 24, 2017 Jonny Bairstow Coal, Gas & Oil 0

Global oil prices will remain volatile through the rest of 2017. That’s according to a new report from the Economist Intelligence Unit (EIU), which suggests factors such as rising US shale...

Oil firms ‘wasting cash and not going green’

Jun 21, 2017 Jonny Bairstow Coal, Gas & Oil 0

Five of the world’s six largest oil firms are wasting a third of possible spending on uneconomic projects incompatible with international climate goals. That’s according to a new report by Carbon...

Oil and gas giants partner on LNG infrastructure

Jun 20, 2017 Jonny Bairstow Coal, Gas & Oil 0

Qatar Petroleum and Shell are to develop liquefied natural gas (LNG) infrastructure at key shipping locations around the world. The joint venture will see the oil and gas multinationals install...

Scottish oil & gas gets international vote of confidence

Jun 16, 2017 Jonny Bairstow Coal, Gas & Oil 0

More than half (50.9%) of Scotland’s oil and gas supply chain sales were from overseas in 2015/16. That’s according to a new survey from Scottish Enterprise, which demonstrates the continued...

Oil and gas service firms ‘need to reset their businesses’

Jun 14, 2017 Jonny Bairstow Coal, Gas & Oil, Markets & Finance 0

Firms providing oil and gas services must adopt new business models if they are to survive a low oil price operating environment. That’s according to a new report from PricewaterhouseCoopers...

Trump reverses Obama’s oil and gas drilling bans

May 03, 2017 Jonny Bairstow Coal, Gas & Oil, Sustainability & Environment 0

US President Donald Trump has signed an Executive Order to allow offshore oil and gas drilling in previously off-limit areas. The America-First Offshore Energy Strategy opens up large...