Emergency declared at Sumburgh Airport after helicopter caught up in lightning strike
An emergency was declared earlier today at Sumburgh Airport after a helicopter taking off was caught up in a lightning storm.
Spirit to take on operator role at southern North Sea discovery
Spirit Energy said today that it would take up the reins as operator of a southern North Sea discovery.
Spirits high at Hydrasun as new kit springs into life
Bosses at Hydrasun are in high spirits after investing in new kit, lifting profits and returning the firm’s order book to pre-downturn levels.
One-Dyas confirms oil discovery in southern North Sea
Dutch firm One-Dyas has confirmed an oil discovery with its Ossian-Darach well in the southern North Sea.
Hydrasun on cusp of German acquisition to spur hydrogen drive
Hydrasun is on the verge of acquiring an unspecified company in Germany to strengthen its foothold in the hydrogen market.
Chevron authorises Anchor project in Gulf with $5.7bn initial investment
Chevron will move forward with the massive Anchor project in the deepwater Gulf of Mexico that carries an initial development cost of $5.7 billion.
Hibiscus completes acquisition of Crown discovery
Malaysian oil firm Hibiscus Petroleum has completed the acquisition of the Crown discovery in the North Sea for a fee which could rise to £4 million.
Aker Solutions, Subsea 7 get nod for Norwegian project
Aker Solutions and Subsea 7 will deliver the second phase of the Aerfugl project off Norway for Aker BP.
Undersea energy cable is ‘critical’ in climate battle
A £1 billion undersea energy cable to transmit renewable energy from the north of Scotland to the rest of the country has been hailed as a “critical” part of the country’s fight on climate change.
Probe into Dounreay radioactive dust leak
Dounreay’s operators have been rapped after a radioactive leak from the Caithness site.
Concern for Aberdeen as Apache confirms redundancy plans
A US oil firm with a large North Sea operation has confirmed plans to reduce its global headcount by 10-15%.
Robert Gordon’s College wins Stem in the Pipeline top prize
Pupils from Robert Gordon’s College have excelled in this year’s STEM in the Pipeline competition, which tasked them with finding a solution to an oil and gas challenge.
North Sea equipment sharing scheme could be revived next year
An innovative North Sea equipment sharing scheme devised to save companies time and money on ordering new gear could be revived next year.
Consultant quits chemical engineering group over ‘weak’ climate messaging
A consultant has quit an influential chemical engineering committee after just four months due to a disagreement about messaging around the climate emergency.
Big E&P spending still needed, but fields with break-even above $60 are priced out
Energy projects that need oil prices above $60 per barrel in order to break even risk being uncommercial going forward, according to Rystad Energy. However, massive investments in exploration and sanctioning are still needed to meet growing global demand.
Scottish decommissioning company snaps up Glasgow engineering firm
A Scottish decommissioning company has announced the acquisition of Glasgow-based engineering firm.
UK oil firms take backward step in collaboration crusade
UK offshore oil and gas companies have taken a small backward step in their efforts to work together more effectively, a key survey suggests.
Tullow fails corporate governance 101
The $1.7 billion hit to Tullow Oil Plc’s market value on Monday — a 65% drop — provides a stark reminder of why bosses shouldn’t stay too long at the top. The hydrocarbon producer has been stubbornly overoptimistic about its prospects. Reality has now dawned, and it turns out the London-based group is in an extremely tight position.
IR35: Some key questions answered
The UK government's draft legislation for the Finance Bill 2019 spells out HMRC's plans to extend IR35 compliance obligations to end users in the private sector. Since its publication, familiarity and anxiety with IR35, also known as the 'off-payroll working rules', has escalated rapidly. Matthew Sharp, tax specialist at Fieldfisher, answers some of the questions that have emerged from greater awareness of the proposed legislation.
The North Sea: A bright future for those who embrace it
John F Kennedy once said: “Change is the law of life. And those who look only to the past or present are certain to miss the future.”
Windy weather sets renewable power record for UK
This weekend's windy weather set a new renewable power record - and saw some households paid to charge their electric cars to help balance the grid.
Mexico’s giant oil discovery no silver bullet for ailing Pemex
Even as Mexico’s president and Petroleos Mexicanos’s CEO touted the country’s most important find in three decades, it appears to be far from a panacea for the beleaguered state driller.
Guyana must roll out sovereign wealth fund as soon as possible
When analysing Guyana’s production sharing agreements (PSAs), it is important not to be misled by statements comparing Guyana’s 2% royalty with higher royalties in other countries (set on average at about 10%-15%).
Equinor makes it a trio of UK North Sea start-ups for 2019
Norwegian energy major Equinor has started up production from its 2 million barrel Barnacle field in the UK North Sea.
Profits jump as Exceed injects impetus into overseas expansion
Well management firm Exceed Energy has enjoyed at jump in profits after injecting fresh impetus to its overseas expansion ambitions.