Wood CEO says momentum on company’s side following ‘difficult year’
Global engineering and consultancy Wood has “momentum” on its side after a “resilient” performance in a difficult year, the company’s boss said yesterday.
New 3T Energy – EnerMech alliance bags Mozambique training deal
An new alliance between Aberdeen-headquartered EnerMech and 3T Energy Group has bagged a “significant” project to help shape future training of oil workers in Mozambique.
Big Oil: Time for a spin-off?
With Covid-19 continuing to impact the profitability of the supermajors, Ano Kuhanathan, sector advisor at trade credit insurer, Euler Hermes, argues that now is the time for the supermajors/Big Oil to start spinning off their renewables divisions.
Global E&C appoints new director amid energy transition push
Global Engineering and Construction (E&C), of Aberdeen, has appointed a new director as it seeks bolster its position in the energy transition space.
Swift Drilling wins long-term decom deal with Wintershall in North Sea
Swift Drilling has won a multi-year decommissioning deal with Wintershall in the North Sea.
Further ScotWind delay would have ‘damaging consequences’, Scottish Renewables warns
A further delay to the ScotWind leasing round risks the loss of billions of pounds of investment, a leading trade body has warned.
Wood earmarks $196million for bribery case settlements, agrees deal with Scottish authorities
Wood, the Aberdeen-headquartered energy services giant, has earmarked $196million in order to settle bribery cases with authorities in the US, Brazil and the UK.
BP changes financial reporting after restructuring divisions
BP outlined changes to its financial reporting after restructuring key divisions last year.
Subsea firm JFD eyes US defence sector
Scottish subsea company JFD has projects in the US defence sector in its sights after launching a new business to focus on growth in the Americas.
Pinsent Masons: Floating offshore wind presents diversification opportunities
As the UK and other countries seek to seize the potential in Floating Offshore Wind (FLOW), the nascent technology offers diversification opportunities for the oil and gas industry and the supply chain.
Petrofac suspended from competing for Adnoc contracts amid SFO investigation
Petrofac has been suspended from tendering for Adnoc contracts as a Serious Fraud Office (SFO) bribery investigation rolls on.
IOG finds more gas at Southern North Sea licences
Independent Oil and Gas (IOG) has upped its estimates for the amount of recoverable gas at two of its Southern North Sea licences.
‘It feels like virtue signalling’: Industry reacts to North Sea exploration ban report
UK jobs and companies would “pay the price” if ministers agreed a ban on new North Sea exploration, according to a senior industry source.
OGUK: North Sea exploration ban would ‘risk’ net-zero future
The UK’s leading oil and gas industry trade body has said any potential ban on new exploration in the North Sea would put the country’s net zero future at risk.
Neptune Energy measures support to European economies at $2.1billion
Neptune Energy has commissioned a study showing it provided support of $2.1billion to economies across Europe in 2020.
Union Jack buys portion of royalties for two North Sea hubs
Union Jack Oil has announced the purchase of rights to a portion of the royalties from two production hubs operated by Repsol Sinopec in the North Sea.
Golden rules for virus protection offshore
In the last year, the Covid-19 pandemic has increased the risks of working in what was already one of the most hostile environments on Earth. But, with the first anniversary of the outbreak not long in our collective rear-view mirrors, offshore workers in the North Sea are facing a twin threat: emerging new variants of the virus and increasing Covid-fatigue and complacency.
Life after oil: Comms adviser takes ‘leap of faith’ on fitness passion
A former oil communications advisor has taken a “leap of faith” during the pandemic on a career in health and fitness.
IR35: What next for the PSC ‘one-man company’?
For many years in the North East of Scotland, the personal service company (PSC), otherwise referred to as a one-man company, has become a fairly standard way to provide services, particularly in the oil and gas sector, due to a mixture of employment law and tax law.
UK ministers consider ban on new North Sea exploration – report
UK ministers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that could hit jobs and the Scottish economy, the Telegraph reported.
Scottish greenports will ‘level playing field’ with England on offshore wind work – Cromarty Firth boss
Creation of “greenports” will let Scotland compete with England for offshore wind manufacturing work, according to a Cromarty Firth boss.
Mintra: 365 days of WFH – and a seismic shift in thinking
On this day exactly one year ago, Mintra asked our staff to pack up their desks and make their home space their new office space. We knew that the Covid-19 stay at home order would be coming – it was only a matter of time – and that we needed to act swiftly to keep our team both safe and operational, even before governments made working from home mandatory for non-key workers.
Bristow loses Apache North Sea contract to CHC
Bristow has lost its contract with Apache North Sea to rival helicopter operator CHC.
Babcock agrees sale of Aberdeen-headquartered helicopter business to CHC
Babcock helicopters has conditionally agreed the sale of its oil and gas aviation business to rival CHC.
CCS ‘may only make sense in areas like north-east Scotland’
Rollout of CCS technology is likely to be very "place-specific", rather than widespread, as a measure to tackle climate change, according to new research.