Roberto Abraham Scaruffi

Minister warns of oil jobs threat The employment threat from the plunging oil price has produced the “the most serious jobs situation Scotland has faced in living memory” with urgent changes to the tax regime required, Holyrood’s Energy Minister said

	Total starts production from West Franklin Phase 2 project Oil major Total has started gas and condensate production from the West Franklin Phase 2 project in the North Sea. The company said the project, in the Central Graben area, will supply 40,000 barrels of oil equivalent per day to the Elgin/Franklin hub

	BP announces 300 jobs to go Oil major BP will cut 300 jobs, the company has announced. The move comes after the oil major launched a blitz on costs in November influenced by rising costs and "toughening market conditions"

	Woodside to review spending, write down assets on oil plunge Woodside Petroleum Ltd (WPL), Australia’s second-largest oil and gas producer, will write down the value of some assets by as much as $400 million and review its spending plans after the plunge in crude prices

	Increased US output bolsters oil glut fears sending prices back down Oil resumed its decline after the biggest gain since June 2012 as US crude production increased, bolstering speculation a global supply glut that spurred last year’s price collapse may persist

	US firm's $1bn North Sea pledge Plans for a billion-dollar cash injection in the North Sea will be unveiled today by Prime Minister David Cameron and US President Barack Obama. The Carlyle Group, one of the world’s leading investment managers, is putting £660million into the offshore oil and gas industry

	Energy Secretary: Westminster will 'stand by' oil and gas industry Energy Secretary Ed Davey has promised that Westminster will "stand by" the oil and gas industry amid fresh hope that ministers plan to take "extraordinary" action

	Opinion: It's time for radical actions I’ve been told that scores of companies in and around Aberdeen are now letting go of people as the oil price-driven depression deepens in high cost oil & gas provinces around the globe

	Drilling for new fields in UK has fallen Drilling for new oil fields in UK waters has fallen by a fifth while exploration in other North Sea countries remains buoyant, according to a petroleum analyst

	Date set for North Sea oil summit A date has been set for the North Sea oil summit. Politicians will meet with industry leaders in Aberdeen on February 2. Last month Aberdeen City Council called for a meeting to take place as oil prices dropped to below $50 in six months

	Statoil, GDF Suez and Dong Energy drop Greenland exploration A trio of energy companies have handed back exploration permits for drilling in Western Greenland amidst the fall in oil prices. It has emerged that Statoil, GDF Suez and Dong Energy have decided against exploring in the region

	Qatar, Shell scrap $6.5billion project amid oil-price collapse Qatar Petroleum and Royal Dutch Shell Plc (RDSA) called off plans to build a $6.5 billion petrochemical plant in the emirate, saying the project is no longer commercially feasible amid the upheaval in global energy markets