Woman, 25, hit by car in Aberdeen

Egypt signs off on exploration commitments

Egypt has signed deals with four companies for exploration in the Western Desert and Mediterranean Sea.

Shell agrees farm-in for UK North Sea licences

Oil major Shell will farm into a pair of UK North Sea licences currently held by Egdon Resources.

Labour’s Gardiner suggests cable to Morocco to supply UK

As the cost of solar power decreases, the UK should consider a cable connection with Morocco in order to supply cheap electricity to consumers, Labour’s Barry Gardiner has suggested.

Lekoil wins time following QIA scam

Lekoil has won some breathing space at OPL 310 where it had been due to stump up some cash in February that it could ill afford following a botched financing deal.

Belarus starts importing oil from Norway amid rift with Russia

Belarus has started importing oil from Norway after its main oil provider, Russia, suspended supplies earlier this month amid stalled talk on further strengthening economic ties between two countries.

Fracking is over for the time being, says business minister

Business minister Kwasi Kwarteng has said fracking “for the time being is over” in the UK.

McDermott will seek bankruptcy, enters pact to sell Lummus unit

McDermott International Inc. will file for bankruptcy after the engineering and construction company reached an agreement with creditors to tackle debt acquired through a botched acquisition.

Halliburton closes 2019 with $1.7bn loss in Q4

Houston oilfield service company Halliburton made a $1.1 billion loss in 2019 amid an ongoing shale slump in the United States that has weakened demand for hydraulic fracturing and related services.

Woman, 25, hit by car in Aberdeen

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