Shell North Sea boss Phimister takes job with Petroleum Development Oman
Shell North Sea boss Steve Phimister is moving to the Middle East as part of a new role with Petroleum Development Oman (PDO).
UK leads £37billion of Europe wind investment in 2020
Europe ploughed more than £37billion (€43bn) of investment into new wind farm projects in 2020, led by the UK, according to analysis.
EnQuest hands in decommissioning plan for fire-hit Heather platform
EnQuest has handed in the decommissioning plans for its Heather platform in the North Sea.
Giant foundation kicks off ‘final campaign’ for world’s largest floating wind farm off Aberdeen
The final push for the world’s largest floating wind farm off Aberdeen is underway, with a giant foundation making the first leg of its journey.
Equinor and SSE to build ‘first of a kind’ low-carbon power stations in UK
Equinor and SSE Thermal have announced plans to develop a pair of “first of a kind” low-carbon power stations in the UK.
New Gunvor bribery ‘skeleton’ haunts oil tader’s pledge to reform
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
Public warned to expect flaring as £140m Mossmorran plant upgrade begins
Communities close to the petro chemical plants at Mossmorran have been warned to expect flaring as a £140million upgrade of the processing plant gets set to begin in earnest.
‘Another twitch in the death throes’ for Hurricane Energy
A major downgrade in reserves, a written-off discovery and warnings of a shareholder wipeout are a “real blow to investors and debt holders” of Hurricane Energy, an analyst has said.
Energy Institute appoints BP veteran as new CEO
The Energy Institute has announced that a renewable energy boss at BP will become its new CEO.
Newcomer Finder Energy bags North Sea licence near CNOOC’s Buzzard field
Australia-headquartered Finder Energy has been awarded a new licence in the UK North Sea.
Hurricane Energy: ‘No certainty of any future activity’ on West of Shetland assets
Hurricane Energy has stated there is “no certainty of any future activity” on its West of Shetland assets, including its flagship Lancaster field, following a new reserves report.
Texas storm to cost Shell up to $200million
The effects of the Texas storm are expected to cost Shell up to $200million (£144.7m), according to analysis issued by the oil giant.
Maersk Drilling lands £25million contract with Shell Malaysia
Maersk Drilling has won a contract worth $34million (£24.6m) with Shell Malaysia.
Worley appoints new vice president in Aberdeen
Energy services giant Worley has appointed a new vice president of energy to head up operations in Aberdeen.
Wood lands contract extension for Taqa platforms in UK North Sea
Wood, the Aberdeen-headquartered energy services firm, has landed a five-year contract extension to its work on Taqa assets in the UK North Sea.
Ill-health brings CEO change for Modec
The president and CEO of Japanese floating production specialist Modec is stepping down due to ill health.
BP cutting debt to $35bn nearly a year ahead of schedule
BP expects to hit cut its debt to $35billion (£25.2bn) nearly a year ahead of schedule thanks to proceeds from a flurry of deals, moving forward its timeline for share buybacks.
‘Important milestone’ as controversial IR35 tax rules come into effect
New IR35 tax rules impacting thousands of workers across the oil and gas industry and beyond come into effect today.
Family oil firm in Aberdeenshire celebrates best year in business
A family-run oil and gas firm in Aberdeenshire is celebrating its best year in business, 22 years since first setting up shop.
Seadrill proposes $4.8billion debt write-off – report
Offshore contractor Seadrill Ltd., owned by billionaire John Fredriksen, is proposing a debt write-off of just over $4.8 billion, according to Finansavisen.
Australian firm’s mission to repurpose North Sea platforms for geothermal energy
An Australian company says its “unique” technology could lead to oil and gas rigs in the UK North Sea being repurposed as key infrastructure for geothermal energy - a new renewables sector.
Climate crisis: Investors weigh up impact on oil and gas
As oil and gas faces a rise in climate activism, ESG concerns, and the need to raise its own profile as a pillar of the energy transition, investors are weighing the impact.
CNR removes more than 80 workers in evacuation of Ninian Southern platform
Canadian Natural Resources has removed nearly 90 workers in an evacuation of its Ninian Southern platform in the North Sea.
Bilfinger Salamis contractors on Taqa assets claim ‘discrimination’ over IR35 pay changes
A pay row has been sparked between Bilfinger Salamis and dozens of independent contractors it hires on Taqa assets over IR35 tax changes.
Wood lands work on Europe’s largest single-site onshore wind farm
Aberdeen-headquartered Wood has been appointed as “owner’s engineer” on Europe’s largest single-site onshore wind farm.