Shipyards are facing “brutal” $15.2billion (£11.6bn) losses over new-build offshore drilling rigs that no one wants, according to Bassoe Offshore.
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 has said it remains “intensely focussed" on improving its "margin and return profile" as it stayed deep in the red in the third quarter.
Oil giant BP has appointed liquidators for one of the oldest companies in Scotland after nearly 135 years in operation.
Shell and Unite have clashed over the number of job cuts, and purported safety concerns, at the St Fergus Gas Terminal and Mossmorran plant.
Extinction Rebellion activists have dumped “mounds of manure” outside the BP offices in Aberdeen as part of a climate protest.
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.
The UK North Sea has recorded its highest weekly spike in offshore “Category B” cases since the country went into Covid lockdown in March.
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.
A pair of co-directors have been appointed for the Aberdeen University Centre for Energy Law (AUCEL).
Fuel tanker drivers are to stage a series of strikes after voting overwhelmingly in favour of industrial action in a dispute over jobs.
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 has completed its plan to cut 21,000 jobs in response to the oil downturn, according to its latest accounts.
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.
The “jaw-dropping” reserves downgrade from Hurricane Energy has “dashed hopes” of any major resurgence in UK offshore production, according to Rystad Energy.
A wind farm off the Aberdeen coast has reported a profit of more than £10 million after its first year of being fully operational.
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 Limited (KPL) has submitted plans to extend its drydock for decommissioning of oil and gas FPSO vessels.
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.
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.
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.
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.
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.
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.
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.