Schlumberger storms to $2.4bn profit in 2021
Reporting its Q4 and full-year results for 2021, oilfield services provider Schlumberger said it had closed the year with “great momentum.”
‘Bubble’ burst: Flats plans for former Petrofac HQ in Aberdeen rejected
Plans to build flats in the partly-demolished shell of a former Aberdeen oil headquarters have fallen at the first hurdle.
Baker Hughes posts pre-tax profits of $400m in 2021 results
Oilfield services giant Baker Hughes (NASDAQ: BKR) returned to profitability in full-year 2021, reporting a strong Q4 to round off the year.
‘It felt like a body blow’: Shell CEO reflects on 2021
Shell CEO Ben van Beurden has reflected on a turbulent 12 months for the company, which have seen court rulings, massive shareholder dividends and a permanent move to the UK.
ScotWind explainer: Who ensures the big money pledges are kept?
The ScotWind offshore wind programme has been hailed as an unprecedented boon for Scotland and the UK, providing jobs, cash and infrastructure – but how do government and industry ensure these local benefits are delivered?
SSE to bid in Dutch offshore wind tender
SSE Renewables has confirmed its intent to bid in the Dutch government’s upcoming 1.4 gigawatt (GW) offshore wind tender, set to open in the first half of 2022.
Aker Solutions appoints Kari Ertresvåg as SVP Communications
Kari Ertresvåg wil take on the role of senior vice president for communications at Oslo-headquartered engineering group Aker Solutions.
The day-to-day market for physical oil cargoes is booming
The world’s physical oil market is running hot, offering a boost to bulls.
‘Hot water is not as sexy as oil and gas – we are trying to change that’: Aberdeen awaits first major geothermal event
SPE Aberdeen’s inaugural geothermal event aims to highlight the potential in burgeoning sector, with a particular focus on how oil and gas skills can help drive transition in the field.
Norway reports ‘record-high’ oil and gas revenues
Ongoing demand and high commodity prices have seen annual state revenues in Norway from oil and gas rise to historic levels.
Partners Group to acquire vessel operator North Star
Swiss-based private equity firm Partners Group is to acquire Aberdeen-headquartered North Star Group.
Japex signs up to develop Northern Vietnam LNG terminal
Japan Petroleum Exploration (Japex) has signed on to construct a liquefied natural gas (LNG) terminal in the north of Vietnam.
Wood debt surges as it plans sale of built environment unit
Wood has announced a stronger second half year of trading in 2021, but reported a £290million increase in debt and confirmed plans to offload its built environment business following a strategic review.
Gas crunch pushes anxious buyers to pay more for contracts
Worries that the current shortage of liquefied natural gas will persist through the middle of the decade are triggering a rush to sign long-term deals, pushing up the price of contracts for the super-chilled fuel.
Government launches £5m hydrogen from biomass funding
The hydrogen BECCS innovation programme will support the development of innovative new technologies aimed at generating hydrogen from biomass and waste.
EnerMech drives regional growth with new Asia Pacific director
EnerMech has appointed Garry Ford as regional director for Asia Pacific as the group looks to drive further growth and strengthen its existing oil and gas operations across the region.
Wood hails bumper year with £425m of Middle East contracts
Aberdeen-headquartered consulting and engineering group Wood has signalled a year of “strategic growth” in the Middle East, accumulating $580million (£425m) of secured contract backlog in 2021.
We’ve agreed a net zero target by 2050 but have we agreed a technically deliverable plan to get there?
It is widely accepted that the way we fuel our cars, heat our homes and generate power, needs to change if we are to meet our decarbonisation commitments and address the developing climate crisis.
Ineos signs SeaMade offtake deal with Eneco
Ineos has agreed a long-term deal with Eneco for the supply of power from the SeaMade offshore wind farm in Belgium.
Peterson secures HKZ grid logistics contract with Petrofac
Peterson has been awarded a logistics contract from Petrofac to support the offshore installation phase of two 700 megawatt (MW) transformer platforms for TenneT’s Hollandse Kust Zuid (HKZ) offshore grid.
Upstream gas, LNG drive global investment to projected $628bn in 2022
Global oil and gas investments will expand by $26 billion this year on the back of upstream gas and LNG expenditure, according to analysis by Rystad Energy.
Heerema wins Ketch and Schooner decom work
Heerema Marine Contractors has been awarded a decommissioning contract for the integrated engineering, preparation, removal, and disposal (EPRD) of the Ketch and Schooner platforms, by owner DNO.
Supporting the energy transition with decarbonisation expertise
Since early 2020, the challenges presented by Covid-19, coupled with increasing pressure to decarbonise operations, resulted in the oil and gas sector facing one of the most challenging, and transformative, periods in its history.
Film-Ocean breaks ground on new site in Ellon
Construction workers have broken ground on new purpose-built facilities in Ellon, Aberdeenshire, for subsea contractor Film-Ocean.
Aberdeen tech on its way to Hawaii for Pacific Ocean energy power trial
Subsea energy storage technology developed in Aberdeen is at the heart of an offshore power sea trial at a US Navy test site off the coast of Hawaii.