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Industry News from Energy Services

  • March 28th, 2012

“May be months” to stop North Sea gas cloud – Total

A cloud of explosive natural gas boiling out of the North Sea from a leak at Total’s abandoned Elgin platform forced wider evacuations off the Scottish coast on Tuesday as the French firm warned it may take six months to halt the flow. ›

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  • March 27th, 2012

Total gas leak forces Shell to evacuate N.Sea workers

A growing gas cloud from a leak at a platform operated by Total off Scotland has forced Shell to remove some workers from two nearby rigs for safety reasons. ›

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  • March 22nd, 2012

Oil Prices at $200 a Barrel? Some Think It’s Coming

Signs that crude futures may hit much higher levels are converging, say oil traders and analysts, some of whom predict that Brent crude could reach $200 a barrel within the next 12 months. ›

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  • March 22nd, 2012

Budget 2012: chancellor fires starting gun on dash for gas

George Osborne’s speech light on green pledges but contains boosts for fossil fuel companies ›

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  • March 16th, 2012

UK gas rises as maintenance squeezes supply

British prompt gas prices rose on Friday morning as planned maintenance at a terminal in Scotland reduced output from the facility, leaving the system undersupplied despite low demand and mild weather. ›

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  • March 16th, 2012

Oil Rebounds From One-Week Low on Outlook for U.S. Demand

Oil advanced for the first time in three days in New York, trimming a weekly decline as investors bet that fuel demand will increase with an economic recovery in the U.S., the world’s biggest crude consumer. ›

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  • March 9th, 2012

Brent holds above $125 on Greek deal

Brent crude held above $125 on Friday, heading for its sixth weekly gain in seven, following news of a successful Greek debt swap deal that brings the country a step closer to securing a bailout needed to avoid a messy default. ›

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  • March 9th, 2012

UK gas curve rises with oil, LNG supply worries

British benchmark front-season gas prices rose close to a one-week high on Thursday as oil rebounded and analysts renewed concerns about Britain having to compete for liquefied natural gas (LNG) with higher-paying Asian buyers. ›

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  • March 5th, 2012

UK gas prices retreat as Asia lures Europe’s LNG

British prompt gas prices fell on Monday as output from liquefied natural gas (LNG) terminals jumped and revised weather forecasts sapped demand, countering the impact of less frequent seaborne gas imports as Asia snatched more of Europe’s share. ›

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  • March 5th, 2012

Crude Oil Declines in New York After China Lowers Economic Growth Target

Oil declined in New York, extending last week’s loss amid concern of slowing consumption in China after the country lowered its growth goal. ›

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