Aberdeen, North East Scotland and other regions across the UK could see new jobs as part of the OGTC's latest offering.

The Oil & Gas Technology Center’s (OGTC) latest endeavor is ‘very likely’ to create new oil industry jobs in Aberdeen, North East Scotland and other regions across the UK over the next decade, an Aberdeenshire Council representative has suggested.

CALGARY, Alberta, Dec 27 (Reuters) - Oil prices dipped on Wednesday after hitting a near two-and-a-half year high in the previous session as a rally fuelled by supply outages in Libya and the North Sea ran out of momentum.

OSLO, Dec 27 (Reuters) - Production at Lundin Petroleum's Edvard Grieg oil and gas field off the coast of Norway is back at normal levels following a partial outage that began when the Forties pipeline was shut earlier this month, Lundin said.

Global conventional discoveries hit a record low in 2017, coming in at less than seven billion barrels of oil equivalent (boe), according to Rystad Energy.

This was the lowest figure since at least 2012, Rystad highlighted, when 30 billion boe was discovered around the globe.

LONDON, Dec 22 (Reuters) - Asian LNG spot prices jumped this week on strong demand from core importing countries including China and Japan.

KIEV/MOSCOW Dec 22 (Reuters) - Ukraine's Naftogaz and Russia's Gazprom both claimed victory on Friday in a long-running gas dispute, each saying a Stockholm court had ruled in its favour over a gas contract.

Victoria Oil & Gas Plc (VOG) has revealed that flow testing of the La-108 well, located onshore Cameroon, has been ‘very encouraging’.

After being drilled to its planned target depth of 2,865 metres on November 7, flow testing of the Lower Logbaba sands at La-108 began.

(Bloomberg) -- Oil futures were little changed as traders concerned about 2018 oil rig flanges gulf coast production growth shrugged off reports of a static rig count and falling U.S.