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...

Oil and gas service firms in £2.2bn merger

Mar 13, 2017 Jonny Bairstow Coal, Gas & Oil 0

Amec Foster Wheeler (AFW) has agreed to a £2.2 billion share-only takeover from Wood Group. The two firms will merge into a single £5 billion business, which will provide services to the oil...

Oil and gas ‘still an attractive industry – for now’

Mar 13, 2017 Jonny Bairstow Coal, Gas & Oil 0

The North Sea’s oil and gas industry is still an attractive sector to work in – at least for now. That’s according to a new student survey from oil and gas skills organisation OPITO, which...

Statoil steps up green targets for 2030

Mar 09, 2017 Jonny Bairstow Coal, Gas & Oil 0

Statoil has unveiled a raft of new emission reduction, energy efficiency and carbon intensity targets. The oil and gas giant aims to slash Carbon Dioxide emissions per barrel by 20% and reduce...

ExxonMobil to invest $20bn in US Gulf

Mar 07, 2017 Jonny Bairstow Coal, Gas & Oil 0

ExxonMobil is to invest $20 billion (£16.4bn) in expanding US Gulf manufacturing and export capacity. The company’s ‘Growing the Gulf’ expansion programme for the next 10 years focuses on...

New training pool targets offshore renewables, oil and gas

Feb 07, 2017 Priyanka Shrestha Sustainability & Environment 0

Fresh designs for a £65 million training pool to support innovation and cost reduction in offshore renewables and the oil and gas industry have been unveiled. The Blue Abyss, which will be built...