Shipyards face ‘brutal’ £11.6billion losses over unwanted offshore rigs – Bassoe
Shipyards are facing “brutal” $15.2billion (£11.6bn) losses over new-build offshore drilling rigs that no one wants, according to Bassoe Offshore.
Suncor mulls sale of stakes in UK and Norwegian North Sea fields
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.
Baker Hughes ‘intensely focussed on improving’ as firm stays deep in the red
Baker Hughes has said it remains “intensely focussed" on improving its "margin and return profile" as it stayed deep in the red in the third quarter.
BP winds down one of the oldest companies in Scotland
Oil giant BP has appointed liquidators for one of the oldest companies in Scotland after nearly 135 years in operation.
Shell and Unite clash over contractor job cuts at St Fergus and Mossmorran
Shell and Unite have clashed over the number of job cuts, and purported safety concerns, at the St Fergus Gas Terminal and Mossmorran plant.
VIDEO: Extinction Rebellion dumps ‘mounds of manure’ outside BP Aberdeen offices
Extinction Rebellion activists have dumped “mounds of manure” outside the BP offices in Aberdeen as part of a climate protest.
Oil companies’ climate targets not what they seem
Two years ago, a group of the world’s largest oil companies announced a major commitment to fight climate change, promising to reduce methane emissions from their operations by 20 percent within seven years.
Offshore sector records highest weekly Category B cases since start of Covid outbreak
The UK North Sea has recorded its highest weekly spike in offshore “Category B” cases since the country went into Covid lockdown in March.
Halliburton ‘executing on priorities’ after workforce reduced by 15,000
The chief executive of Halliburton has said “strong results” show it is “effectively executing on its strategic priorities” after the firm cut 15,000 jobs since the start of the year.
Aberdeen University energy law centre appoints co-directors
A pair of co-directors have been appointed for the Aberdeen University Centre for Energy Law (AUCEL).
Fuel tanker drivers at Stanlow Oil Refinery to strike
Fuel tanker drivers are to stage a series of strikes after voting overwhelmingly in favour of industrial action in a dispute over jobs.
BP to make 7,500 of global job cuts compulsory – report
BP will make 7,500 of its planned global job cuts compulsory after roughly 2,500 workers applied for voluntary redundancy, according to a news report.
Schlumberger completes plan to axe 21,000 jobs
Schlumberger has completed its plan to cut 21,000 jobs in response to the oil downturn, according to its latest accounts.
Abu Dhabi funds invest $2.1billion in Adnoc gas pipelines
Abu Dhabi government institutional investors are paying $2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Co.
Hurricane Energy downgrade ‘dashes hopes’ for UK production resurgance – Rystad
The “jaw-dropping” reserves downgrade from Hurricane Energy has “dashed hopes” of any major resurgence in UK offshore production, according to Rystad Energy.
Aberdeen Offshore Wind Farm operator posts profits of £10million
A wind farm off the Aberdeen coast has reported a profit of more than £10 million after its first year of being fully operational.
Statkraft reports ‘strong response’ from local supply chain over £20m electricity grid scheme
Renewables firm Statkraft has reported a “strong response” to a call for local suppliers to get involved in a £20 million electricity grid improvement project it is preparing to start in Keith.
Kishorn Port plans drydock extension to decommission FPSOs
Kishorn Port Limited (KPL) has submitted plans to extend its drydock for decommissioning of oil and gas FPSO vessels.
Crown Estate delays UK offshore wind round after PM’s ‘green industrial revolution’ pledge
The Crown Estate has delayed its latest offshore wind leasing round just a week after Prime Minister Boris Johnson pledged a “green industrial revolution” from the sector over the next decade.
National Grid powers up 149-mile subsea power cable over English Channel
A new subsea power cable to France has been launched which will be able to provide enough zero carbon electricity for a million British homes, National Grid has said.
As rubble is cleared, legal cloud hangs over Marathon Oil building collapse
The aftermath of the deadly construction collapse inside the Marathon Oil building in west Houston is expected to result in complex and lengthy litigation with numerous companies involved in the project where three construction workers were killed Monday.
Union condemns plans for detained Aberdeen Harbour ship to set sail while owing crew wages
A UK seafarers union has condemned plans by the owner of vessel currently detained in Aberdeen Harbour to set sail while owing £150,000 to workers.
US oil production has already passed its peak, Occidental says
America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.
Nigeria accused of ‘opaque deal’ with litigators on Eni-Shell lawsuit
Eni SpA is seeking documents from a US investment firm helping Nigeria sue it and Royal Dutch Shell Plc for more than $1 billion over an energy deal at the center of a criminal corruption trial.
Shell questioned over Brent Bravo ‘attic oil’ removal
Work is being carried out to remove “attic oil” from the Brent Bravo installation - which has been the subject of widespread environmental concerns - after Shell estimated none was there.