Offshore wind sector deal in ‘final stages’
Energy minister Claire Perry has revealed the offshore wind sector deal is in the “final stages” of being agreed.
Faroe spuds Brasse East exploration well
Aberdeen-headquartered Faroe Petroleum has started drilling the Brasse East exploration well off the coast of Norway.
Bribery scandal sounds alarm to nations along new silk road
A chain of events that followed the arrest of former Hong Kong minister Patrick Ho a year ago in the U.S. has collapsed more than $10 billion of deals across Central and Eastern Europe, an embarrassment for China that could spur a change in the development of Chinese leader Xi Jinping’s grand plan for a New Silk Road.
Strike talks rescheduled between unions and OCA
Crunch talks between North Sea trade unions and the Offshore Contractors’ Association (OCA) have been cancelled.
Legal questions under the spotlight for North Sea decommissioning
Unanswered legal questions on North Sea decommissioning, including the potential cost to the taxpayer, will be addressed at an industry event tomorrow.
Hurricane’s Lancaster FPSO on track for Christmas hook-up, Aberdeen operation relocated
Despite the stopover at the Spanish port of Algeciras several days ago for fuel bunkering and a crew change being extended to carry out power generation auxiliary system repairs, Hurricane Energy’s CEO, Dr Robert Trice says the production vessel Aoka Mizu should still be on station West of Shetland by Christmas.
Former Proserv boss joins Rovop
The former chief executive of energy services firm Proserv has joined the board of Aberdeenshire subsea specialist Rovop.
Decommissioning – whose liability is it anyway?
The mature phase of oil and gas operations on the UK continental shelf is proving to be more complex than we could have imagined even a few short years ago. It has long been recognised that, once a reservoir was depleted and the infrastructure associated with it redundant, decommissioning would be required in accordance with the UK’s international obligations. But it is now clear that, even as some reservoirs reach that point, new discoveries are being made and their development may depend on having access to existing infrastructure which otherwise would be decommissioned. The complex decisions involved in balancing the needs of new and future projects with the expectations of companies who want to decommission infrastructure is a matter for the Oil and Gas Authority working in conjunction with the Department for Business, Energy and Industrial Strategy.
Eland announces £3m share buyback programme
Aberdeenshire-based Eland Oil and Gas has announced a £3 million share buyback programme.
Total in UK electric vehicle partnership
Total has partnered with ChargePoint to increase the UK’s electric vehicle fueling stations.
Babcock denies reports of ‘£100m hit’ on North Sea helicopter business
Engineering giant Babcock International has denied a report from a major news outlet that the firm will take a £100million impairment charge on its North Sea helicopter business.
Oil and gas will be ‘challenged’ by Brexit immigration issue
Key industries such as oil and gas and higher education will be “challenged” by immigration issues arising from Brexit, according to an Aberdeen academic.
Illegal levels of pollution blight 13 Aberdeen sites
Shocking new data has revealed 13 Aberdeen locations with illegal levels of toxic nitrogen dioxide pollution.
Extra turbines could be ‘nail in coffin’ for tourism
A second proposed extension of one of Moray’s largest wind farms has been described as a “nail in the coffin” for the region’s tourist industry.
Oil climbs as OPEC output curb plan overshadows U.S. production
Oil shot back up following six weeks of losses as speculation of OPEC weighing bigger output cuts overshadowed signs of expanding American crude production.
Work gets under way at city’s new digital hub
Work has started on a £1.5 million digital and entrepreneurship “hub” in the heart of Aberdeen.
Energy firms losing battle to hit 2020 smart meter target, Which? warns
Energy suppliers need to triple their smart meter installation rates to have any hope of completing a national roll-out by 2020, new analysis suggests.
The oil price is now controlled by just three men
OPEC has lost what control of the oil market it ever had. The actions (or tweets) of three men — Presidents Donald Trump and Vladimir Putin and Crown Prince Mohammed Bin Salman — will determine the course of oil prices in 2019 and beyond. But of course they each want different things.
GE in crisis: four ways it could play out for an industrial icon
General Electric Co. erasing $200 billion in market value would have seemed fantastical just a few years ago, but it has become reality amid accounting issues, weak demand, heavy debt and turmoil at the top.
Tidewater completes GulfMark acquisition creating largest OSV fleet
Houston based offshore support vessel (OSV) operator Tidewater has completed the acquisition of rival firm GulfMark.
Updated: Parkmead’s losses widen amid North Sea investment programme
Aberdeen-based Parkmead’s losses widened in its yearly financial results as it continues an investment programme for the North Sea.
‘Damaging’ uncertainty for oil and gas in draft Brexit deal
The oil and gas industry was last night warned it will feel the hit of increased costs in retaining skilled workers as a result of Theresa May’s “unclear” draft Brexit deal.
North Sea players bring ‘rebound’ to FPSO market
North Sea work is helping bring the global FPSO market “back to life” according to a new report from Rystad Energy.
North Sea veteran in senior appointment at Lloyd’s Register
Lloyd’s Register has appointed a North Sea veteran as its new UK manager for asset integrity and maintenance.
Government to outline carbon capture plans
The UK Government will set out long-awaited plans to roll out carbon capture and storage technology later this month.