Glencore’s core business of marketing held up well in 2019 but the trader took a $2.8 billion impairment charge, driven in part by the loss of its oil exploration licences in Chad.
An Aberdeenshire project has been awarded £2.7million to test and develop a cost-effective way or converting North Sea gas to a clean fuel.
Panoro Energy will drill a production well in Tunisia in May, while three workovers are under way and should be on line by the end of March.
A Spanish oil giant has set aside nearly £700 million in case it ends up on the wrong side of a long-running arbitration centred on a UK North Sea joint venture.
A Highland firm has for the first time revealed details of its “long road” to resurrect a subsea trials and remotely operated vehicle (ROV) business at Fort William.
A former director of a world-class diving training centre at Fort William has recalled “hoping for an 11th hour rescue package which never came”.
Subsea engineering group Tekmar has been forced to rollback its hopes of “record” revenues in 2020 due to the effects of the coronavirus.
In a year when the UK will come under intense global scrutiny of its climate change policies, merger and acquisition activity in the basin will have energy transition as a new factor to contend with.
One of the first major deals of 2020 has just completed as family-owned Score Group has been bought by private equity firm SCF Partners for £120 million.
An Angus oilfield services firm has invested a six-figure sum on its on-site test bay facilities to maximise capacity for its maintenance services and supporting the recertification of its extensive equipment rental fleet.