TechnipFMC takes Q3 losses amid reduced activity in North Sea and Asia
TechnipFMC (NYSE: FTI) stayed in the red in Q3, with pre-tax losses of $26.7m, as market momentum in the North Sea and Asia slowed.
TechnipFMC (NYSE: FTI) stayed in the red in Q3, with pre-tax losses of $26.7m, as market momentum in the North Sea and Asia slowed.
Baker Hughes posted its first profit this year during the third quarter as drilling activity and oil prices continued to rebound from the pandemic-driven oil bust.
A new BBC documentary is to be aired exploring how the “drama of global climate action is playing out in the fight over North Sea oil”.
Countries are planning production of oil, coal and gas over the next decade at levels that is "dangerously" out of sync with targets to curb climate change, the UN has warned.
Shell has started production from the Arran field in the North Sea, the latest in a series of projects to rejuvenate the Shearwater production hub.
Boris Johnson has insisted the north-east’s Scottish Cluster carbon capture bid “still has strong potential” despite the UK Government choosing to reject the project.
UK business secretary Kwasi Kwarteng has been grilled over the decision to reject the Scottish Cluster from the first round of a £1billion government carbon capture utilisation and storage (CCUS) competition.
Scotland is missing out on offshore wind farm jobs while English yards are “booming”, says a former SNP government minister.
The Victory discovery in the west of Shetland has been given a £47million boost to its value after finding more recoverable gas.
The UK Government has announced its choice of the East Coast Cluster and HyNet North West to develop as the UK’s first Carbon Capture, Usage and Storage (CCUS) clusters by the mid-2020s. The Scottish Cluster has been named as a reserve project.
North Star Shipping, which owes its fortunes to providing emergency response and supply vessels to oil and gas companies in the North Sea, expects the majority of its business will be in the renewable energy sector “easily” in the next five years.
Amid disappointment for the Scottish cluster, two other projects have been successful in their bids to become the first two carbon capture utilisation and storage (CCUS) developments in the UK.
Boris Johnson said the global climate talks the UK is hosting at the end of the month will be “extremely tough,” as he made a last-ditch call on world leaders to take concrete steps to protect the planet.
The former Bi-Fab fabrication yard at Arnish has landed its first external contact since being taken over by Harland and Wolff earlier this year.
Subsea 7 has been awarded what it terms a “very large” contract with Brazilian state operator Petrobras.
Unite is balloting nearly 300 workers at Ponticelli and Semco Maritime on North Sea industrial action.
Ineos is making what it claims to be Europe's largest ever investment in green hydrogen production.
UK ministers will put nuclear power at the heart of Britain’s strategy to reach net zero carbon emissions by 2050 in government documents expected as early as this week, the Financial Times reported.
Saudi Arabia has unveiled its plan for “The Rig”, a 150,000 square metre theme park using an oil and gas platform.
The new UK energy minister has reaffirmed his support for the oil and gas industry as the COP26 climate summit beckons.
CNR International has announced it will introduce mandatory vaccinations for North Sea workers.
NatWest has announced a target of providing £100billion of sustainable and climate funding for customers by the end of 2025.
Shell has been slammed by the safety regulator after a three-tonne object was dropped more than 50-feet on board a North Sea platform.
I’ve just received a round-robin email from Greenpeace calling on Brits to tweet Boris and kill off North Sea oil & gas right now.
An EU-US pledge to slash global methane emissions has garnered support from 20 more nations ahead of the COP26 climate summit in Glasgow.