Wednesday, 18 November 2015

	US approves proposed Schlumberger and Cameron merger The US Department of Justice has approved the proposed merger between industry heavyweights Schlumberger and Cameron. The takeover must now clear a final hurdle – approval from Cameron stockholders. A special meeting will be held on December 17… Read More

	North Sea decommissioning expenditure to hit £17m over next decade The UK oil and gas industry’s decommissioning sector is growing at a steady pace, with total expenditure expected to hit £16.9billion over the next decade, a new study shows. Oil and Gas UK (OGUK) raised the forecast from £14.6billion a year ago, cit… Read More

	North Sea must accept and adapt to $50 oil says Apache boss Many working in the North Sea have still to recognise the full impact of $50 oil and the crisis affecting the industry, according to one senior industry figure. Speaking exclusively to Energy Voice, Mark Richardson, Apache North Sea project director,… Read More

	ISIS recruiting engineers to help run its oil business Oil and gas engineers are being told to “name their price” when applying for jobs with Islamic State, according to an international terrorism expert. The Islamic caliphate, which controls a vast oil supplies and infrastructure in Syria an… Read More

	New gas plants imperative as Rudd signals end of coal power stations Energy and Climate Change Secretary Amber Rudd is to signal the end of polluting coal-fired power stations in the UK – but will say it is “imperative” new gas plants are built. In a widely anticipated speech on the Government’s energy policy “r… Read More

	OGA approves onshore farm-in The Oil and Gas Authority has approved UK Oil & Gas Investments’s bid acquire a 20% interest in UK onshore Weald Basin licence PEDL143. The move is part of a previously announced farm-in with Egdon Resources UK Limited. PEDL143 covers 35.5… Read More

	Takeover of Simmons ends 41-year run for ’peak oil’ dealmaker The takeover of Simmons & Co. by Piper Jaffray Cos. marks the end of an energy industry dealmaker founded by one of the leading champions of the “peak oil” theory, Matthew R. Simmons. Simmons was best known for his claim that the Earth was runni… Read More

Terrorists cash in on $1million in crude sales a day, report says

Terrorist groups are cashing in on $1million in crude sales every day, according to the new Global Terrorism Index. The figure comes days after ISIS terror cells massacred at least 129 people in the France’s capital. Steve Killelea, executive c… Read More