North Sea

North Sea’s ‘King Midas’ focused on driving Parkmead up the value curve

16/11/2019

Energy firm Parkmead Group will inevitably show up on the radars of prospective buyers if its current growth trajectory continues, its boss said yesterday. Read More

(from left to right) George Moodie, Commercial Area Manager for North Scotland, Clydesdale Bank. Sandra Wilkie, Director, Caldive Ltd. Iain Beaton, Managing Director, Caldive Ltd. Graeme Johnston, Commercial Relationship Manager, Clydesdale Bank.
Photo credit Robert Perry.

OPINION

Decommissioning work began on the Greater Dunlin Area in 2015 and is due for completion in 2024. Pic: Decom Energy

Why is decommissioning not a cost to the taxpayer?

14/11/2019

Derek Leith’s recent Energy Voice post – Busting the decommissioning tax myths - has resulted in a lot of mud being thrown at me. Read More

Energy Voice monthly supplement, November 2019: Decommissioning

06/08/2019

Energy Voice's latest monthly supplement has been published with The Press & Journal. Read More

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Oil & Gas

Oil rises as news of US-China trade deal gains traction

15/11/2019 by Bloomberg

Oil gained after an American official hinted that the U.S. and China are close to locking down a partial trade deal, offsetting rising global oil supplies.

Churchill Drilling’s manager for the Middle East and Asia Nicholas Kjaer

Americas

Churchill’s small company advantage

15/11/2019

by Ed Reed

Nimbleness and responsiveness to client needs are seen as at the heart of Churchill Drilling Tool’s appeal to operators seeking downhole circulation support, the company’s manager for the Middle East and Asia Nicholas Kjaer has said.

North Sea

Parkmead returns to profit and recruits North Sea managing director

15/11/2019

by Mark Lammey

A strong showing from its Dutch onshore gas fields, a drop in exploration work and the sale of stakes in Faroe Petroleum swung Parkmead Group back to profit in 2018-19.

Oil & Gas

Saipem bags clutch of deals worth £685million

15/11/2019

by Allister Thomas

Italian oilfield services firm Saipem has won a subsea contract in Guyana, as well as additional work in regions including the North Sea, worth £684.6million.

Talon Petroleum has submitted applications for acreage covering 12 exploration prospects.

North Sea

Talon Petroleum aims to grasp more North Sea licences

15/11/2019

by Allister Thomas

Australia’s Talon Petroleum has announced plans to boost its acreage in the UK North Sea.

Other News

New smart metre deadline impossible to achieve, energy chiefs warn

15/11/2019 by Energy Reporter

The Government's new smart meter rollout timetable for a device in 85% of homes by 2024 cannot be met, the energy industry has warned.

Renewables could be set to outstrip gas by 2025.

Australasia

Iberdrola targets Asia-Pacific growth with foray into Australia

15/11/2019 by Bloomberg

Spain’s Iberdrola SA has selected a site for its first project in the Asia-Pacific region, as Europe’s biggest renewable generator looks to expand beyond its core markets.

North Sea

Ancala aims to boost North Sea business with senior management appointments

15/11/2019

by Allister Thomas

Ancala Midstream, the operator of major North Sea infrastructure like the Beryl and Sage pipeline systems, has bolstered its senior management team.

Billionaire activist investor Carl Icahn attends the Leveraged Finance Fights Melanoma charity event in New York, U.S., on Tuesday, May 19, 2015. Photographer: Victor J. Blue/

Americas

14/11/2019

by Mark Lammey

Premier Oil said today that its investment in the Catcher project had already been covered by production from the field.

North Sea

North Sea industry putting profits before helicopter safety, new report claims

14/11/2019

by David McPhee

North Sea oil and gas companies are dodging responsibility for the well-being of offshore workers at the expense of profit, according to a damning new helicopter safety report.

Companies are relying more and more on deal-making to satiate their future inventories of fossil fuels, according to Wood Mackenzie

Oil & Gas

More new oil and gas inventory coming from mergers, not exploration

14/11/2019 by Jordan Blum for the Houston Chronicle

Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration.

Penspen chief executive Peter O'Sullivan

Middle East

Penspen’s local touch in Abu Dhabi

14/11/2019

by Ed Reed

The Middle East has been a mainstay of Penspen and confirmation of that came earlier this week, with the announcement of a project management consultancy (PMC) award from Abu Dhabi’s ADNOC.

Europe

Opening the Gateway to Abu Dhabi

14/11/2019

by Ed Reed

Energy Voice and Granite PR have held their first co-branded Gateway event in Abu Dhabi, with a pre-conference breakfast involving ADNOC, where the importance of innovation and co-operation was high on the menu.

Americas

Maersk Drilling wins £30.3m Caribbean contract with Shell

14/11/2019

by Allister Thomas

Maersk Drilling has won a £30.3million contract for work in the Caribbean with a subsidiary of energy giant Shell.

Europe

Uniper bullish on LNG availability

14/11/2019

by Ed Reed

Uniper is confident that LNG supply will continue to be bountiful in the years to come, providing a secure source of supply for demand around the world, company board member Keith Martin told Energy Voice at ADIPEC.

Oil & Gas

Future energy leaders programme seeks new applicants

14/11/2019 by Keith Findlay

Scottish Enterprise (SE) is seeking applicants for its next Future Industry Leaders Programme for the energy sector.

Martin Temple, chairman of trhe Health and Safety Exeucitve, spoke at the OGUK HSE Conference in Aberdeen. Pic: Abermedia

Oil & Gas

HSE chairman calls out cyber security ‘complacency’ during oil conference

14/11/2019

by Allister Thomas

The chairman of the Health and Safety Executive has called out “complacency” on cyber security within oil and gas and other sectors across the UK.

Other News

Aberdeen Heat and Power a ‘shining example’, report says

14/11/2019 by Keith Findlay

A not-for-profit company which supplies low-cost heating to more than 3,400 homes around Aberdeen has been singled out for praise in a new report.

Prime Minister Boris Johnson giving a speech on domestic priorities at the Science and Industry Museum in Manchester. Rui Vieira/PA Wire

Renewables/Energy Transition

PM Johnson makes £800m carbon capture funding pledge

14/11/2019 by Daniel O'Donoghue

Boris Johnson sought to deflect attention from the UK Government’s “woeful” response to major flooding across Yorkshire with a raft of announcements on technology and energy investment last night.

Phil Ponsonby (Chief Executive of Midcounties Cooperative), Greg Jackson (CEO of Octopus) and Tom Hoines (Managing Director of Co-op Community Energy).

Renewables/Energy Transition

Co-op and Octopus Energy launch renewable community energy joint venture

13/11/2019

by David McPhee

The Co-op and Octopus Energy have today announced the launch of a new community energy firm.

Other News

British Gas wins legal challenge against Ofgem over price cap calculations

13/11/2019 by Reporter

British Gas has won its appeal against regulator Ofgem over claims the way the energy price cap had been calculated was unfair, a court has ruled.

Renewables/Energy Transition

Sturgeon tells Westminster to ‘get its act together’ on clean energy

13/11/2019 by Reporter

Nicola Sturgeon has challenged Westminster to "stop obsessing" about nuclear power and "get its act together" on green energy.

North Sea

Former Faroe chief launches new North Sea oil firm, plans to raise £10m

13/11/2019

by Mark Lammey

A North Sea oil and gas executive who led Faroe Petroleum before the Aberdeen-based firm fell to a hostile takeover has set up a new company.

Pictured is (l to r): Alfie Cheyne, CEO and founder of ACE Winches, Jim Milne, chairman and managing director at Balmoral Group,

Picture by Michal Wachucik / Abermedia

Oil & Gas

Balmoral makes fresh investment in Ace Winches, becomes majority shareholder

13/11/2019

by Mark Lammey

Balmoral Group has given Ace Winches a fresh cash injection and become majority shareholder of the Aberdeenshire deck machinery specialist, new documents show.

Pictured from left: Patrick Machray, Sir Ian Wood and Andrew Salvesen at the Round table discussion at Opportunity North East, Queen's Gardens, Aberdeen.
Picture by Darrell Benns

Other News

£2million fund launched to bring growth for Aberdeen start-up businesses

13/11/2019 by Rebecca Buchan

A two million pound pot has been funded to help north-east start-ups grow to a level which will boost the local economy and employment.

The US President’s dislike for wind turbines has been well documented in Scotland

Renewables/Energy Transition

Trump ordered to pay Scot Gov £225k over North Sea wind farm battle

13/11/2019 by Reporter

Donald Trump's golf course company has been ordered to pay almost £250,000 in legal expenses to the Scottish Government following a court battle over a wind farm.

Renewables/Energy Transition

Aberdeen Bay Wind Farm generates £23.3million in first six months

13/11/2019

by Allister Thomas

The Aberdeen Bay Wind Farm generated £23.3million in turnover during its first six months operating, according to new figures.

John Morrison, former managing director of John Crane Asset Management Solutions

Oil & Gas

John Crane Asset Management hires new boss, based in Houston

13/11/2019

by Mark Lammey

Energy service firm John Crane Asset Management Solutions (JCAMS) has appointed a new managing director in the US to replace its former Aberdeen-based boss.

Bubbles form in lubricant oil inside a barrel at the Royal Dutch Shell Plc lubricants blending plant in Torzhok, Russia, on Wednesday, Feb. 7, 2018.

Oil & Gas

Oil falls for a third day after Trump dampens trade-deal optimism

13/11/2019 by Bloomberg

Oil fell for a third day as President Donald Trump failed to provide any fresh details on trade negotiations with China, disappointing investors who had been hoping for some progress toward a limited deal.

Other News

SSE swings to profit in first half

13/11/2019 by Reporter

SSE swung from a £285 million pre-tax loss in the first six months of 2018 into a £129 million profit this year, the company said on Wednesday in the first results since selling its energy supply arm to challenger brand Ovo, a deal which will be completed early next year.

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