Baker Hughes posts hefty loss

Daniel J. GraeberHOUSTON, Jan. 28 (UPI) — Oilfield services company Baker Hughes said results for the fourth quarter of 2015 reflected what the company’s CEO said was an “extremely” rough climate.

New partners in British offshore wind

Daniel J. GraeberLONDON, Jan. 28 (UPI) — A consortium steering wind farm development off the British coast said two new partners are on board to help build the 336 megawatt Galloper Wind Farm.

Shell shareholders approve merger with BG Group

Daniel J. GraeberTHE HAGUE, Netherlands, Jan. 27 (UPI) — More than 80 percent of shareholders in Royal Dutch Shell voted in favor of combining with British energy company BG Group, the Dutch supermajor said.

Bill Barrett Corp. weighing 2016 options

Daniel J. GraeberDENVER, Jan. 27 (UPI) — Bill Barrett Corp., which focuses on Colorado shale, said it was weighing its options for 2016 after reported a 9 percent decline in 2015 capital expenditures.

Scotland wants tax support for North Sea energy

Daniel J. GraeberEDINBURGH, Scotland, Jan. 27 (UPI) — The Scottish government said it would call on its British counterparts to create a favorable climate for North Sea investments in exploration and production.

Last week’s oil price rally fizzles

Daniel J. GraeberNEW YORK, Jan. 25 (UPI) — Crude oil prices retreated after surging more than 9 percent during the previous session as markets reacted to the latest supply-side concerns from OPEC.

Turkey a vital energy partner, EU says

Daniel J. GraeberANKARA, Turkey, Jan. 25 (UPI) — Turkey is a fundamental partner in the drive to ensure the European energy sector is well supplied and free from dominance, the European Commission said.