Roberto Abraham Scaruffi

28 May 2015

	Seadrill posts better than expected first-quarter profits Seadrill has posted better than expected first-quarter profits as cost cuts help during the oil price decline. The offshore driller, which is controlled by billionaire John Fredriksen, posted a net income of $427 million

	PetroSA suspends top three execs PetroSA has suspended its top three executives amidst declining revenues. According to reports, South Africa's state oil company has also made the move as a result of poor investments and a failed bid to enter the fuel retail market

	Tornado in Texas hits natural gas drilling rig A tornado in Texas has left three people injured after hitting a natural gas drilling rig in Texas. According to reports, one victim suffered minor injuries, another had non-life threatening injuries to his face and a third had suffered an injury to their abdomen

	Drone firm backed to the skies with £2.5million A drone firm specialising in the oil and gas industry has been boosted by venture capital investment worth more than £2.5million. Sky-Futures, which is opening a new, larger office in Aberdeen on Monday, has also been backed by a US fund specialising in drone technology

	Shell estimates one million hours of offshore work saved from Brent Delta move Shell’s decision to remove the topside of its Brent Delta platform in one has shaved off about a million hours of high-risk offshore work, a senior manager from the British-Dutch oil major said in Aberdeen yesterday

	Ithaca Energy hit with statement of claim regarding North Sea asset Ithaca Energy said it has received a statement of claim from a law firm regarding work on its Greater Stella area asset in the North Sea. The company said the claim relates to a reported misrepresentation of information regarding the completion of modifications at a floating production in the North Sea

	Premier and Rockhopper makes further Falkland discovery Premier Oil said a further oil discovery has been made in the Isobel deep exploration well in waters off the coast of the Falklands. The find is believed to have similar properties to the discovery which was made at the Sea Lion project

	Alberta fire threat grows as blaze moves toward oil sites Northern Alberta firefighters are battling a wildfire that has moved within 5 kilometers of Cenovus Energy Inc’s oil sands operations. The Cold Lake Air Weapons Range blaze is spreading in the direction of oil and gas operations and threatens plants run by Cenovus and Canadian Natural Resources Ltd

	Oil crunch, Islamist war, power cuts face Nigeria’s new leader Crippling fuel shortages, power cuts, slowing economic growth and Islamist militants wreaking havoc. Muhammadu Buhari is taking on a tough job when he’s sworn in as Nigeria’s president on Friday

	The tanker market is sending a big warning to oil bulls Four months into oil’s rebound from a six-year low, the tanker market is sending a clear signal that the rally is under threat. A sudden surge in demand for supertankers drove benchmark charter rates 57 percent higher in the two weeks through May 20

	Sir Ian Wood donates £4.5million for energy research centre He made his fortune and reputation by recognising the massive potential of the North Sea, and by his own estimation did “incredibly well” during the oil and gas industry’s boom years