Roberto Abraham Scaruffi

Friday 20 March 2015

Energy Voice
20 March 2015
 

   
 

Shell completed $737million sale of Nigerian oil field

Shell
Oil major Shell has completed the sale of its stake in a Nigerian oil field for $737million. The company is nearing the completion of a strategic asset review in the West African country
 
  
   
   
 

Video: Danny Alexander says OGA has been given the 'right powers'

A consultation has been launched by the UK Treasury
The Chief Secretary to the Treasury visited Aberdeen as new powers for the OGA (Oil and Gas Authority) were unveiled. The move comes just days after the budget which say the supplementary charge dropped from 30% to 30% as well as a decrease in the PRT (Petroleum Revenue Tax)
 
  
   
   
 

Gallery: This week's top stories

Photo by Jeffrey Tuckerman
This week's most read story on Energy Voice was an article written by monthly columnist Loren Steffy
 
  
   
   
 

Budget 2015: Guest Editor Derek Leith looks back on an eventful week

Guest Editor Derek Leith
Today,March 20, is apparently the international day of happiness, inaugurated by the United Nations in 2012! Does the oil and gas sector share that happiness after the end of an eventful week? The start of the week saw a clarion call from Sir Ian Wood for the Chancellor to act decisively in reforming the North sea fiscal regime
 
  
   
   
 

OGA given new powers to fine companies

Andy Samuel, OGA chief executive
The government has handed a raft of powers to the new oil and gas industry watchdog just days after the Chancellor gave the sector a massive tax break
 
  
   
   
 

Fuel costs set to rise

Fuel costs are set to rise
Drivers who enjoyed a slump in petrol prices at the turn of the year are now facing a sharp rise in the cost of motoring, according to the AA. Prices at the pumps have surged by an average of 5
 
  
   
   
 

Here's the next biggest challenge to global crude oil prices

Photo by Jeffrey Tuckerman
The next big threat to oil prices isn’t from OPEC or Bakken shale. It’s Russian samovars, or teapots. Simple refineries that process crude into fuel oil are scaling back, because when oil prices slump, the government reduces the discount that these refiners -- known as teapots to those in the industry -- get for exporting fuel
 
  
   
   
 

Carlyle Group Raises $2.5 Billion for international energy deals

Carlyle Group raises $2.5 billion for international energy deals
Carlyle Group LP has raised $2.5 billion for an international energy fund as the private equity investor bolsters its oil and gas firepower after the collapse in prices
 
  
   
   
 

Opinion: Messiah or Easter Bunny?

Opinion: Peter Murray
A backdated tax cut? Am I dreaming? The Budget was good news indeed. Proclaiming eternal life for the UKCS was always above the Chancellor’s pay grade, but George Osborne’s headlines certainly help
 
  
   
   
 

Offshore catering workers to be balloted over strike action

Industry news
Thousands of offshore catering workers are to be balloted over possible industrial action after an expected pay rise was cancelled. Around 2,000 members of the Unite and RMT unions were told by the Caterers Offshore Trade Association (COTA), which represents six separate catering companies, that the 2% rise planned for 2015/16 will not be paid on Wednesday
 
  
   
   
 

Malcolm Webb: More jobs could go despite budget reforms

Oil and Gas UK chief Malcolm Webb
A North Sea leader has warned that more jobs will have to be cut in the sector despite a “regeneration” package announced in the Budget. Malcolm Webb, chief executive of Oil and Gas UK, said the industry must put pressure on itself to reduce costs and improve efficiency, but urged firms to do it in a “careful” way
 
  
   
   
 

Jobs set to go at Seafab

Jobs are set to go at an Aberdeen-based firm
Aberdeen-based oil and gas firm Seafab has ceased its operations due to “insurmountable” cash flow problems brought on by the crude price collapse