23 h. ago BP Begins New North Sea Oil Output in Sixth Startup This Year

BP Plc began oil production at its Murlach project in the UK North Sea, the energy giant’s sixth startup this year as it returns to focusing on fossil fuels in hopes of reversing years of underperformance.

Culture

6 d. ago Vitol Piles Into North Sea Oil Despite Risk of Bigger Supplies

Vitol Group has built up a significant position in North Sea crude, indicating a bullish bet on benchmark prices despite signs of a looming increase in global supplies.

Other

1 week ago Faced with Russian threat, NATO flexes military muscle in North Sea

F-18 fighter jets lined up on the world's largest aircraft carrier, flanked by 20 ships and with some 10,000 military personnel from 13 countries.

Events

3 w. ago World Must Spend $540 Billion a Year Looking for Oil and Gas, IEA Says

The world needs to spend some $540 billion a year looking for oil and gas to maintain current output by 2050, according to the International Energy Agency.

Economics

3 w. ago Oil Demand Monitor Warns Output Boom May Strain China’s Stockpiling

The global oil market faces an “untenable” surplus of about 3 million barrels a day, testing how much can be absorbed by China’s recent stockpiling drive, a major forecasting agency has warned.

Economics

4 w. ago Bakken Oil Output Shows Signs of Slowing as Pipeline Flows Slip

Oil output from the Bakken, the second-largest US shale field, is showing signs of a slowdown as flows on a key pipeline out of the region decline.

Other