Roberto Abraham Scaruffi

Russian trouble to hit oil major's results Oil giant BP is expected to reveal a plunge in full-year profits due to the collapse in oil prices, analysts have warned. BP, which is due to unveil its fourth quarter and full year results on 3 February, could see annual earnings slashed by 60% to £6

	Buru Energy spuds Sunbeam 1 exploration well Buru Energy has spudded the Sunbeam 1 well in the Canning Basin of Western Australia. The well has a maximum depth of 1,200metres and is expected to take some 16 days to drill

	Billionaire pipeline ‘cowboy’ paves way for deal making: energy Billionaire pipeline owner Kelcy Warren knows better than most how the tumultuous energy market is ripe for empire-building. Warren, who built a fortune worth $5

	Airline to pass on cut in oil price Low-cost airline easyJet said the fall in oil prices could knock as much as £2 off its average fare this year. The Luton-based airline estimates that the slump in oil prices by more than half since last summer will take between £90 million and £130 million off its annual fuel bill

	Technip wins two Gulf of Mexico contracts Technip has been awarded two subsea contracts in the Gulf of Mexico by Stone Energy. The flexible pipe supply contract and an installation contract are for the Amethyst field located at the Mississippi Canyon 26

	Oil trades near six-year low as OPEC fails to turn focus from glut Oil extended losses to trade near an almost six-year low as OPEC’s warning that prices may surge without new investment in production failed to shift the market’s focus from more immediate signs of a global supply glut

	Opinion: Lifting Costs – Industry Reform or Reshuffle? Data from Oil & Gas UK puts the average cost of operating a field in 2013 close to £30m. This is a significant increase on the £23m reported for 2011, with costs continuing to rise more or less linearly in that time

	North Sea reforms poised to become law within weeks Vital North Sea oil and gas reforms remained on track last night after a bid to scupper the plans failed in Westminster. The "cornerstone" of Sir Ian Wood’s recommendations for the future of the sector is now poised to become law within weeks after a wrecking amendment by a group of MPs fell in the Commons

	North-east can play a big role in CCS, seminar delegates will hear The north-east can become a carbon capture and storage (CCS) “powerhouse” of Europe, benefiting from job creation and other economic rewards as the fledgling industry takes off, seminar delegates will hear today

	BP putting in pay freeze for 2015 BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices. Many have accelerated cuts in capital and operating expenditures, including freezing some projects, as crude prices more than halved since June to below $50 per barrel

	Subsea Expo 2015: Cost-cutting technologies to be showcased Companies with technologies that can cut the cost of oil and gas production will be highlighted in a new showcase at the subsea industry’s leading event this year

	Opinion: Be prepared for anything - mitigating risk in 2015 The events of 2014 have demonstrated just how quickly political and economic risks can escalate and shift into large-scale crises, even in historically stable countries