North Sea

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Oil prices fall as US job losses mount

AFP Global Edition 130 days ago

Oil prices fell Friday as official data revealed a jump in job losses and the unemployment rate in the United States, the world's biggest energy-consuming nation. New York's main contract, light sweet crude for November delivery dropped 87 cents to close at ...

Germany paves way to offshore wind farms

AFP Global Edition 146 days ago

The German government on Wednesday agreed a plan to set aside special zones off its northern coast for a host of wind farms that could provide energy for more than eight million homes. The zones, between 12 and 200 kilometres (seven and ...

Oil prices rally to above $69

AFP Global Edition 159 days ago

Oil prices rebounded above 69 dollars a barrel on Thursday, clawing back ground after some recent heavy losses caused by caution over the strength of global economic recovery. New York's main contract, light sweet crude for October delivery jumped 1.22 dollars to ...

Oil prices dip after US inventory data

AFP Global Edition 160 days ago

Oil prices dipped Wednesday as official data showed crude stockpiles fell last week in the United States, the world's biggest crude consumer, while the 400,000 barrel drop matched expectations. New York's main contract, light sweet crude for October delivery, eased 12 cents ...

Oil prices pick up but remain under $70

AFP Global Edition 160 days ago

Oil prices recovered slightly on Wednesday but remained under 70 dollars as investors awaited the latest weekly data on energy inventories in the United States, the world's biggest crude consumer. New York's main contract, light sweet crude for October delivery, rose 51 ...

Endeavour International abandons North Sea well

AP News 167 days ago

Endeavour International plugs and abandons North Sea petroleum well as noncommercial Endeavour International Corp. said Tuesday it abandoned a North Sea petroleum well after it failed to encounter commercial amounts of hydrocarbons. The Maureen appraisal well located in Block 16/29a in the ...

Rotterdam: cyclists' haven in Europe's largest port

AFP Global Edition 176 days ago

Cyclists meander past majestic stacks of ship containers, towering cranes and docked oil tankers at one of the Netherlands' novel, and surprising, tourist havens: the Port of Rotterdam. If Europe's largest -- and the world's fourth largest -- port seems an unlikely ...

Posters speculate on 'another Oilexco'

Stockhouse 182 days ago

Former President and CEO takes the reins at Velo Shares of Velo Energy (TSX: V.VLO, Stock Forum) soared 148% to 50 cents on Monday after the oil and gas explorer late Friday said Arthur Millholland has been appointed President and Chief Executive ...

Oil price hits 10-month high

AFP Global Edition 189 days ago

The price of oil struck a near 10-month high here on Tuesday, helped by a recent weakening of the dollar, but analysts are warning that crude futures are unlikely to maintain their recent run higher. Brent North Sea crude for delivery in ...

Oil prices hit one-month highs

AFP Global Edition 190 days ago

Oil prices rose to one-month peaks on Monday as the dollar retreated, and on positive economic data which pointed to a pick-up in demand for crude, traders said. Brent North Sea crude hit 72.89 dollars, the highest point since June 30, while ...

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