North Sea

Scotland in £12.6bn ‘black hole’ despite North Sea tax receipts

21/08/2019

Scotland had a £12.6bn deficit last year despite more than £1.4billion in North Sea receipts, according to new tax and spending figures. Read More

Phill Maurer, managing director for Bilfinger UK

Latest Oil & Gas News

Costain’s Aberdeen team busy with North Sea studies, but group profits plunge

21/08/2019

Aberdeen man to spearhead simulator sales in US for 3T Energy

21/08/2019

Operators Apache BP, Ithaca and Chevron, along with OGUK and the OGA, developed the tool. Pictured is Apache's Beryl Alpha platform.

New tool to add ‘millions’ of barrels to North Sea production

21/08/2019

Bilfinger to double Scottish workforce after Ineos contract wins

21/08/2019

Scotland in £12.6bn ‘black hole’ despite North Sea tax receipts

21/08/2019

Updated: HSE warns Total after workers exposed to dangerous gas

21/08/2019

Energy Voice monthly supplement, August 2019: Taking hold of technology

06/08/2019

Energy Voice’s latest monthly supplement has been published with The Press & Journal. The theme of the August 2019 edition is Taking Hold of Technology. It features interviews with some of the main influencers and innovators in Aberdeen’s oil and gas tech sphere. Subscribers can click here to read a digital version of the supplement. Read More

OPINION

An anti Brexit campaigner shows her support for Europe waving a European Union flag outside Parliament in London, Monday, March 25, 2019. British Prime Minister Theresa May is under intense pressure Monday to win support for her Brexit deal to split from Europe. (AP Photo/Kirsty Wigglesworth)

The impact of Brexit on risk allocation in the energy and waste sectors

20/08/2019

Waste sector businesses are increasingly looking to “Brexit clauses” as a pragmatic solution to the uncertainty created by the UK's looming withdrawal from the EU. Read More

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Aker will provide four steel tube umbilicals spanning more than 100 kilometers in total.

Middle East

Aker Solutions bags £65m Adnoc deal

21/08/2019

by Mark Lammey

Aker Solutions has won a £65 million order from Adnoc to deliver subsea umbilicals for the Dalma gas development project located offshore UAE in the Persian Gulf.

BorWin3 will convert and transmit energy to power more than a million German households.

Renewables/Energy Transition

Petrofac completes offshore wind project in German North Sea

21/08/2019

by Allister Thomas

Petrofac has hailed the start of power generation from a major offshore wind project in Germany.

Tim Dodson (right), Equinor’s executive vice president for Exploration, and Daniel González, YPF’s CEO. (Photo: Ole Jørgen Bratland / Equinor ASA)

Americas

Equinor expands YPF pact for offshore exploration in Argentina

21/08/2019

by Mark Lammey

Equinor and YPF have signed an agreement to jointly explore the CAN 100 offshore block, located in the North Argentinian Basin.

Other News

Scotland’s public finances to be outlined in GERS report

21/08/2019 by Reporter

Official statistics outlining Scotland's public finances will be published on Wednesday.

Other News

GE highly exposed to care insurance market, Fitch says

21/08/2019 by Bloomberg

General Electric Co. has “very high” exposure to the long-term care insurance market and is worse than average when it comes to the adequacy of reserves tied to those policies, according to Fitch Ratings.

Funding growth was driven by US and Asian investment in unicorns such as a renewable energy company Ovo Energy and takeaway business Deliveroo. Pic: Ovo Energy

Renewables/Energy Transition

UK tech firms secure record foreign investment

21/08/2019 by Energy Reporter

Investment in the UK tech sector has continued to surge, as British firms secured more foreign funding in the first seven months of 2019 than during the whole of 2018, according to new research.

WIND POWER: Beatrice, Scotland's largest windfarm, is located in the Moray Firth.

Renewables/Energy Transition

More than 100 suppliers to converge at Scottish offshore wind event

21/08/2019 by Stan Arnaud

An event in Inverness today will bring together more than 100 supply chain companies that have joined the recently established DeepWind Offshore Wind Cluster.

Oil & Gas

UK fracking potential lower than previously thought, study says

21/08/2019 by Reporter

The potential to extract shale gas from fracking in the UK could be significantly lower than previously thought, a study suggests.

Other News

Hunterston nuclear plant to temporarily return to service

20/08/2019 by Energy Reporter

A nuclear reactor at a power station will temporarily return to service after being shut down last year when cracks were found in its core.

The industry is known for being risk averse when it comes to trying out new tools, with companies often preferring to wait until multiple trials and deployments have been safely and successfully completed.

Training & Technology

Oil leaders showing more ‘willingness’ to drive technology adoption, new study says

20/08/2019

by Mark Lammey

The oil and gas industry’s “unique characteristics” are blocking the adoption of new technology, a new study of psychological factors said.

Middle East

Lazard in pole position for Aramco IPO after bond succcess

20/08/2019 by Bloomberg

Lazard’s success working on the blockbuster Saudi Aramco bond sale this year has put it in pole position to secure a coveted spot on the oil giant’s second attempt at the world’s largest initial public offering.

Oil & Gas

Seadrill narrows losses, but floater reactivations on hold

20/08/2019

by Mark Lammey

Offshore rig contractor Seadrill narrowed its second quarter losses by delivering "solid operational performance", characterised by a utilisation rate of 96%.

Oil & Gas

Equinor makes oil discovery at Sputnik

20/08/2019

by Mark Lammey

Equinor has made an oil discovery with the Sputnik exploration well in the Barents Sea.

Other News

Energy regulator opens probe into UK blackout

20/08/2019 by Bloomberg

The U.K.’s energy markets regulator said it’ll probe whether grid operators or power generators breached license conditions during the Aug. 9 blackout that saw more than one million British households lose power.

Nuclear

Wood agrees £250m sale of nuclear business, H1 profits rise

20/08/2019

by Mark Lammey

Energy service giant Wood will sell its nuclear business to US company Jacobs for £250 million.

Renewables/Energy Transition

Exclusive: Millions in wind farm funds go to north and north-east

20/08/2019 by David McPhee

The lion’s share of a multi-million community fund generated by a Scottish wind farm giant has been spent in the north and north-east, according to a new report.

Paul Kelly and Rachel Souter are now enjoying a career in the subsea sector thanks to Subsea 7’s Engineering Conversion Programme

Training & Technology

Major service company to retrain non-oil engineers for subsea roles

20/08/2019

by Mark Lammey

Energy services giant Subsea 7 is giving experienced engineers from all sectors the chance to forge a new career in the subsea industry.

Oil & Gas

Loads to be excited about at Aberdeen firm as turnover grows

20/08/2019

by Mark Lammey

Bosses at an Aberdeen load monitoring equipment firm have said they are “proud” of how far the business has come in a short space of time.

Richard Dodunski (left) and Mike Fergusson at XL Group HQ.

Oil & Gas

New directors to guide XL Group’s expansion

20/08/2019 by Keith Findlay

Global multi-disciplined technology and engineering company XL Group has beefed up its senior management team to support further expansion.

Around 80% of Red Rooster's business comes from oil and gas

Middle East

Rooster looks for a lift in the Gulf

20/08/2019 by Keith Findlay

Red Rooster Lifting (RRL) has predicted a boost to sales after teaming up with a Middle East partner.

Other News

F1 data expert to launch ONE Tech Hub in Aberdeen

20/08/2019 by Keith Findlay

An expert in high-tech control and data systems on Formula One racing cars will join digital economy minister Kate Forbes and other invited guests to celebrate the official opening of The Data Lab’s new innovation centre in Aberdeen later today.

Left to right: Bob Watt with Prodrill client relationship director, Drew Alexander.

North Sea

Recruitment specialist Prodrill makes its own top hires

20/08/2019 by Keith Findlay

Prodrill Energy Resource Solutions said yesterday it had added to its boardroom team to support the recruitment ambitions of the UK oil and gas industry.

Renewables/Energy Transition

Diesel sales down 95% in Norway as EVs gain momentum

20/08/2019 by Reporter

Sales of certain diesel models are in free-fall as Norwegians turn to Tesla and other makers of premium electric vehicles (EV), Rystad Energy finds.

Renewables/Energy Transition

Argyll planning officials raise concerns over planned new wind farm

20/08/2019 by Rita Campbell

Councillors are being recommended to object to a proposed 17-turbine wind farm near Inveraray in Argyll when its planning committee meets tomorrow.

Renewables/Energy Transition

Solar Wars Part X: The force is strong with investors

20/08/2019 by Richard Power

Previous Solar Wars articles explained how arbitral tribunals considering intra-EU claims under the Energy Charter Treaty (ECT) have consistently rejected the application of judgment of the Court of Justice of the European Union in Slovak Republic v Achmea (Case C-284/16), which held that an arbitration clause in bilateral investment treaty (BIT) between two EU states contravened EU law.

Partially constructed wind turbine blades are stored at the Harland & Wolff shipyard on August 14, 2008 in Belfast, Northern Ireland. (Photo by Peter Macdiarmid/Getty Images)

Renewables/Energy Transition

Bidders for Harland and Wolff ‘viable and credible’

20/08/2019 by Reporter

Two bids to buy Belfast's struggling shipyard are "valid and credible", the local MP has said.

Lufthansa .Aircraft on the ramp at Edinburgh airport

Renewables/Energy Transition

Lufthansa offers climate friendly fuel – at a price

20/08/2019 by Reporter

German airline Lufthansa is launching a website that allows customers to buy climate-friendly plane fuel to compensate for the emissions caused by their flight.

Ross Dornan, OGUK Market Intelligence Manager

Offshore Europe

OGUK reveals line-ups for key breakfast events

19/08/2019

by Mark Lammey

Industry bosses will chew over the findings of Oil and Gas UK’s new flagship economic report at joint breakfast events in Aberdeen and London next month.

A joint venture between UK-headquartered energy services firm Petrofac and oil firm Socar has clinched a deal to provide engineering and technical services in Azerbaijan.

Oil & Gas

Petrofac selected for Caspian job

19/08/2019

by Mark Lammey

A joint venture between UK-headquartered energy services firm Petrofac and oil firm Socar has clinched a deal to provide engineering and technical services in Azerbaijan.

North Sea

Total, Cnooc go with Babcock for North Sea flights

19/08/2019

by Mark Lammey

Babcock Offshore said today that it had won two new contracts for helicopter crew change operations out of its Aberdeen base.

Flames burn off at an oil processing facility in Saudi Aramco's oilfield in the Rub' Al-Khali (Empty Quarter) desert in Shaybah, Saudi Arabia, on Tuesday, Oct. 2, 2018. Photographer: Simon Dawson/Bloomberg

Middle East

Updated: Oil rises after drone attack on Saudi Arabia disrupts Gulf calm

19/08/2019 by Bloomberg

Oil rose for a second day after a drone attack on a Saudi Arabian oil field brought geopolitical risks back into focus, and as the prospect of more U.S.-China trade meetings spurred some investor optimism.

The Brent Bravo rig at Able UK. Picture credit: Able UK.

Video

Watch: Demolition of helipad on Shell’s Brent Bravo

19/08/2019

by Mark Lammey

Yard owner Able UK has published breathtaking footage of the helipad being detached from Shell's Brent Bravo platform.

Offshore Europe

New session at Offshore Europe to focus on extending life of fields

19/08/2019 by Reporter

Underwater operations and their potential for extending the life of UK North Sea fields will be in the spotlight at the fast-looming SPE Offshore Europe oil and gas show.

The new South Harbour expansion is estimated for completion next year.

North Sea

Aberdeen Harbour hails surge of imports thanks to rising oil price

19/08/2019

by Allister Thomas

Aberdeen Harbour has hailed a burst of new activity thanks to the rising oil price.

Oil & Gas

Lundin reports small Norwegian North Sea discovery

19/08/2019

by Mark Lammey

Swedish firm Lundin Petroleum has made an oil discovery at the Goddo prospect in the Norwegian North Sea.

BiFab - Methil - Picture Shows: Workers look out over the yard at BiFab in Methil - Wednesday 22 November 2017

Renewables/Energy Transition

Scottish Government stake in BiFab knocked down by £13m

19/08/2019

by David McPhee

The value of the Scottish Government’s multi-million stake in troubled manufacturing firm Burntisland Fabrication (BiFaB) has diminished, according to new figures.

Thick black smoke pouring out of Mossmorran Petrochemical Plant near Cowdenbeath - Sunday 21st April 2019 - Steve Brown / DCT Media

Oil & Gas

Five-year plan to reduce flaring at Mossmorran ‘unacceptable’

19/08/2019 by Claire Warrender for The Courier

A pledge by Mossmorran operators to reduce unplanned flaring within five years has been branded unacceptable by Scotland’s environmental watchdog.

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