North Sea Forties Oil Pipeline Ramps Up Slowly After Latest Outage

‘It’s becoming more like Libya,’ one trader complains about the most recent shutdown.

Feb 8 2018 - 10:18am

Britain's Biggest Oil Pipeline Shut For Second Time In Two Months

Ineos said in a note to customers on Feb. 7 that the latest shutdown was caused by an unexpected closure of the feed control valves on the pipeline supplying the Kinneil gas processing plant.

Feb 7 2018 - 1:30pm

Seadrill Postpones Court Hearing On Restructuring Plan

Drilling rig company Seadrill said in a court filing it postponed an initial hearing on its restructuring plan to Feb. 26, buying more time to consider alternative plans.

Feb 6 2018 - 8:38am

BP's Profits Surge As It Leaves Downturn Behind

BP's profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn.

Feb 6 2018 - 3:08am

US: Planned Russian Pipeline Would Threaten European Energy Security

Poland, Ukraine, Baltic states also fear that Europe’s dependence on Russian natural gas would increase.

Jan 29 2018 - 10:09am

Britain To Tighten Financial Checks On Fracking Firms

Britain is tightening controls on firms hoping to carry out hydraulic fracking in parts of the country by adding a financial health check to the application process, the government said on Jan. 25.

Jan 26 2018 - 9:21am

Seadrill Postpones Restructuring Plan Hearing Until Feb. 7

Seadrill’s main owner, Norwegian-born billionaire John Fredriksen, backed by Centerbridge Partners, and a group of unsecured bondholders have submitted alternative restructuring plans, and started talks earlier in January.

Jan 25 2018 - 11:07am

Shell's Gaza Gas Field Sale Hits Problems

At least one European company has shown interest in the undeveloped Gaza Marine Field but Shell's discussions over the field have ground to a halt due to worsening political tensions in the region.

Jan 12 2018 - 12:20pm

Investors Sense Opportunities In Big Oil, But Analysts Warn To Mind The Gap

Uncertainty over whether the crude rally can stick and fears that advances in electric vehicles will undermine longer-term demand for oil still overshadow the sector.

Jan 5 2018 - 7:30am

Russian Gas Exports To Europe Hit All-Time High In 2017

Russia’s gas exports to Europe and Turkey rose by 8.1% to a record high 193.9 billion cubic meters (Bcm) in 2017, Alexei Miller, head of Gazprom, said in a statement on Jan. 3, despite EU efforts to cut its reliance on Russian energy.

Jan 4 2018 - 9:02am