Latest news
Scotland offers £12.5m for oil and gas innovation
The Scottish Government has made known about an extra £12.5 million backing package for the oil and gas industry in the North East.
read more... 02/02/2016
DONG Energy will utilize oil cashflow for renewables
DONG Energy has made known about plans to use the cashflow from its oil and gas business to finance investment in clean energy.
read more... 02/02/2016
Weekly Review: Crude oil price rose to the peak in three weeks, hopes for output cut
Crude oil rose to their highest in three weeks on hopes for a pact among oil producers to cut output, while the US dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested. Brent crude oil was still pressured by ample supplies and evidence showed that more North Sea crude will be heading out of the region in February.
read more... 01/02/2016
Oil futures rose on supply cut discussions
Global benchmark Brent crude futures increased on Friday, heading about 8 percent higher so far this week and set for a second weekly gain, stimulated by hopes of an agreement among oil-producing countries to tackle a growing oversupply.
read more... 29/01/2016
Daily: Crude oil rallies on hopes of Russia, OPEC cooperation
Crude oil futures rallied on Wednesday after a declaration from Russia’s energy ministry that there is a possibility of cooperation with OPEC, raising hopes for a deal to slash a global oversupply. Brent crude increased $1.30, or 4.1 percent, to close at $33.10 a barrel, after hitting a session high of $33.49. WTI crude climbed 85 cents to settle at $32.30 per barrel, up 2.7 percent, having peaked at $32.84.
read more... 28/01/2016