The companies have stated that this joint venture would make their operations in Angola more efficient, increase investment and its overall development

Output is expected to average around 13,000 barrels of oil equivalent per day this year

The downturn in the oil and gas sector on the UK Continental Shelf (UKCS) has bottomed out and will now improve. That’s the suggestion from the Aberdeen and Grampian Chamber of Commerce, the Fraser of Allander Institute and KPMG, which conducted a survey of 95 businesses across the sector to see what they expected to […]

BP and Shell is putting shareholder capital at risk by “dragging their feet” on climate change. That’s the claim from non-profit investment campaign ShareAction, which says both energy giants are failing to properly adapt their business models to the ongoing transition to a low carbon economy. That’s in contrast to another new report claiming climate […]

A £5.1 million Scottish research programme to address wear in oil and gas pipes and equipment has received new investment. Livingston-based Scaled Solutions’ initiative is receiving £2.2 million from Scottish Enterprise, with another £2.9 million being sourced from the company itself. The project aims to develop new testing services to address knowledge and technology gaps […]

Confidence in the oil and gas industry has risen from the historic lows surveyed six months ago. That’s according to the findings of the Aberdeen & Grampian Chamber of Commerce’s 26th Oil and Gas survey, which reveals 38% of the sector’s contractors are now more confident about business on the UK Continental Shelf (UKCS), compared to […]

A Canadian oil & gas exploration and production (E&P) firm is to be sold for CAD$722 million (£413m). The CQ Energy Canada Partnership, in which Centrica owns a 60% interest, is to be sold to a consortium made up of MIE Holdings Corporation, the Can-China Global Resource Fund and Mercuria. Qatar Petroleum International owns the […]

A digital resource for the oil and gas industry has received £50,000 from the Scottish Government. This supplements the £800,000 already received from businesses, universities and other sponsors to enable the research, development and launch of the platform, which aims to tackle a looming knowledge and experience gap in the sector. The International Centre for […]

BP has announced two significant gas discoveries offshore Trinidad. The oil and gas multinational says the Savannah and Macadamia exploration wells have unlocked around two trillion cubic feet of gas, which it says will underpin new developments in the region. The Savannah exploration well was drilled into an untested fault block east of the Juniper field in water depths […]

Activists are today campaigning for the Church of England (CoE) to divest from ExxonMobil. A coalition of faith and non-faith groups are staging a demonstration outside the oil and gas giant’s Fawley Refinery in Hampshire, on the day of the company’s AGM in Houston. Demonstrators handed leaflets to staff as they entered and this afternoon plan […]