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Latest News

  • Shell Announces £9.9bn Cut in Global Spending

    Royal Dutch Shell is to cut 15 billion US dollars (£9.9 billion) from its spending plans over the next three years as it responds to sliding oil prices.

    The Anglo-Dutch oil giant pledged not to over-react to the oil decline and said lower prices created opportunities to reduce its own costs.

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  • Energy Jobs Taskforce Meeting for First Time in Aberdeen

    A taskforce which aims to support jobs across the energy sector is set to meet for the first time in Aberdeen.

    The new Energy Jobs Taskforce, which was established by Scotland’s First Minister Nicola Sturgeon, will focus initially on the oil and gas industry.

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  • Oil Price Falls a Further 3% to New Six-Year Low

    The price of Brent crude oil has fallen, further taking it to a new six-year low.

    The price of a barrel of the North Sea benchmark dropped by 3% to $48.54, its lowest level since April 2009.

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