Sistema, Rosneft bury hatchet in row over Bashneft
Russian holding company Sistema has settled its lawsuit with oil giant Rosneft over regional producer Bashneft.
Trump says US east coast could use ‘global warming’ during cold
Donald Trump has said the US's East Coast "could use a little bit of that good old Global Warming" as bitterly cold temperatures are expected to freeze large swaths of the country this holiday weekend.
Seacroft working to prevent rigs and vessels colliding
An Aberdeen-based marine and offshore consultancy and safety firm said today that its new programme is helping prevent collisions between oil platforms and nearby supply vessels.
Exclusive: Spirit Energy field given new lease of life with £35m investment
About 70 North Sea jobs have been safeguarded by a £35million investment in an oil field whose days looked numbered as recently as one year ago.
Trump rolls back offshore safety rules brought in after BP oil spill
The Trump administration is rolling back offshore drilling rules put in place after the 2010 Deepwater Horizon disaster killed 11 workers and spewed millions of barrels of oil into the Gulf of Mexico.
Task force will leave ‘no stone unturned’ in efficiency drive, new chairman says
The new chairman of the North Sea’s efficiency task force has said no stone can be left unturned in the quest to make the basin competitive globally.
KPMG reveals key to reducing operating costs by 30%
Oil exploration and production companies could lower unit operating costs (UOC) by another 30% if they deliver just a few changes, KPMG said in a new report.
Trump warns China over ship-to-ship fuel sales to North Korea
President Donald Trump warned that alleged illicit Chinese oil sales to North Korea may jeopardize a peaceful resolution to the confrontation over Kim Jong Un’s nuclear weapons and missile programs.
Signs of progress in the North Sea in 2017, Woodmac
The year has been defined by the improvements – small and large – the North Sea industry has made it through the downturn. Okay, expectations are lower after some very tough times – but there are reasons to look back with pride. Oil companies, the supply chain and the authorities have all risen to the challenge to feed some notable successes.
Nascent oil recovery still fragile, Westwood Global says
Steady oil prices
Chernobyl disaster plunged Whitehall into chaos, records show
Whitehall was plunged into chaos by the Chernobyl disaster as the radioactive fall-out started arriving in the UK during a bank holiday weekend, according to newly released official files.
Opinion: Changing mindset drives positive industry performance and hope for the future
At a time of year when we have an opportunity to reflect, I thought I’d compare the industry mood this year with that of December 2016. Back then we talked about ‘steering our way through a ‘turbulent year’ and ‘surviving the downturn’. However, we’re now seeing the mood begin to lift and we continue to describe the outlook as ‘cautiously optimistic’.
Opinion: Onshore decommissioning – where is the business case?
A recent Energy Voice article covered a Scottish Parliament reception where Edward Mountain, Conservative MSP for the Highlands and Islands commented on onshore decommissioning: “We have an opportunity and frankly we need to grasp it.”
ScottishPower to shed 200 jobs
Utility firm ScottishPower is to cut 200 jobs as part of a voluntary redundancy scheme.
Opinion: We took great strides to enhance offshore safety in 2017, and there’s more to come
Thanks to the excellent collaboration between HeliOffshore’s 109 members, 2017 has been another very productive year in our shared efforts to enhance safety. Despite the challenges our industry has faced over the past 12 months, we’ve collectively made significant progress in implementing the strategy on which our unique organization was founded just over three years ago.
Facing the future in 2018, Subsea UK
The beginning of a new year is always a busy period for us as we make the final preparations for our annual conference and exhibition, Subsea Expo. With the theme ‘Facing the Future’, our 2018 event will examine what must be done to reinvent the industry in a new reality.
Improvise, adapt and overcome, AAB says
Quoting Clint Eastwood in “Heartbreak Ridge”, this is the unofficial slogan of the US Marines. It could be a good slogan to adopt in the Oil & Gas industry – or perhaps we can take it one-step further by saying if we have adapted, changed and innovated in 2017, in the right market conditions, we can grow in 2018.
Opinion: North Sea efficiency drive must be ‘stepped up’
A year ago, I likened the dynamic of the oil and gas industry to the migration of elephants. You couldn’t see them, but you could hear the sound of the herd approaching. They might not yet have made it to our back garden, but they are getting closer. As 2017 comes to a close, the outlook for North Sea oil and gas remains mixed, but I am cautiously confident about 2018.
Premier Oil achieves first oil from Catcher area
Premier Oil said today that it had reached first oil from the Catcher area in the North Sea.
Opinion: Farewell to a challenging 2017 but will 2018 bestow improving fortunes?
2017 has been a year of consolidation. We started the year with oil price hovering around $50.00pb, saw a dip just below $44.00pb in the summer and at the time of writing, we see the price of Brent Crude at $62.00pb. The average price of oil is expected to be $55.00 in 2017, $10.00 more than in 2016. Is it yet safe to say that there is an upward trend? Perhaps not, but together with cost savings it is, safe to say that the industry is more ‘fit for the future’.
Opinion: Renewables proved their reliability in 2017
As 2017 rolls into 2018, there are lessons to be learned from the year just ended and expectations for the 12 months ahead. Oil, unconventional and renewables all earn a mention.
Exclusive: Balmoral’s offshore outlook positive despite ‘toughest period’
Balmoral Group stayed in the black last year despite having to endure one of the toughest operating periods in its boss’s memory.
Former Wood boss Keiller to mentor Virgin StartUp winners
Former Wood Group chief executive Bob Keiller is among the judges for Virgin Group’s competition for Scottish start-ups.
Peterson ready to expand new North Sea vessel pool scheme
Energy logistics company Peterson said yesterday that it intends to expand a new, cost-saving, central and northern North Sea (CNNS) vessel pool scheme to include more partners.
Haulage firm looks beyond oil market to boost profits
A growing customer base outwith its oil and gas market has allowed an Aberdeen firm to record an increase in turnover and profit during the last financial year.