Sellers’ valuations still making trouble for North Sea deal-makers, Faroe boss says
The boss at Aberdeen-based Faroe Petroleum said sellers’ expectations were still making it difficult to get deals for North Sea assets over the line.
More Scots wants stronger action to tackle climate change, poll finds
A growing number of people in Scotland want to see stronger action on climate change, according to a poll.
Chevron returns to black in Q2
US oil major Chevron returned to black in the second quarter of 2017 thanks to higher oil prices and a pick-up in gas sales.
Premier Oil completes refinancing
North Sea operator Premier Oil said today that its debt refinancing had been completed.
ExxonMobil second quarter profits double
Second quarter profits doubled at US oil major ExxonMobil on the back of improved oil and gas sales figures and refining margins.
Russia orders cut in US diplomats as further sanctions rain down
Moscow has ordered a reduction in the number of US diplomats in Russia and will close down an American recreation retreat in response to fresh sanctions from Washington.
First half profits soar at Eni as Zohr first gas nears
Italian energy company Eni said today that it was on course to meet its exploration target for 2017 and that a lengthy outage of its Val d’Agri field would be offset by efficiency measures and early start-ups on other assets.
Halliburton pays $29.2m penalty in alleged Angola bribery case
Houston-based Halliburton said Thursday it agreed to pay a $29.2 million penalty to settle a bribery case in Angola and another investigation in Iraq.
Petrol, diesel car ban will raise UK electricity demand by less than 10%, report says
A 2040 ban on conventional petrol and diesel cars and vans would push up UK electricity demand by less than 10% by mid-century, analysis shows.
EDF profits dip due to intense competition, lower nuclear prices
French utility giant EDF has suffered a drop in half-year profits amid rising competition, unexpected outages and lower nuclear energy prices across the UK.
Heerema to build transformer for Siemens wind farm
Heerema Fabrication will build a transformer module for an offshore wind farm project run by Siemens.
Norway clears Aker BP to drill Hyrokkin wildcat
Norway has given Aker BP permission to have a wildcat well drilled on the North Sea Hyrokkin field.
Faroe in £4m deal for North Sea Blane field
Faroe Petroleum has agreed to buy a near-14% stake in the Blane field in the UK North Sea from Japanese firm JX Nippon for $5.25million (£4million).
Statoil launches production from Byrding field
Statoil has kicked off production from the Byrding oil and gas field in the North Sea.
Brexit’s impact on Aberdeen ‘not as bad as thought’, minister says
The impact of Brexit on Aberdeen’s economy will not be as bad as predicted, according to junior Brexit minister Robin Walker.
National Oilwell Varco cuts 1,500 jobs, narrows losses
National Oilwell Varco cut some 1,500 jobs in the first half of the year as the Houston energy services company narrowed its losses.
Devil in detail of switch to electricity
Michael Davis has always been ahead of the curve in highlighting the benefits of green energy.
Opinion: Data ending up in graveyards, not cutting downtime as it should be
In the world of the operator, safely driving productivity and efficiency is at the top of the priority list.
North America boost for Weir
Scottish engineer Weir Group said yesterday its half-year profits were up after a “great set of results” from its oil and gas division in North America.
Book a place at EV’s star-studded North Sea event
The great and good of North Sea industry will gather for a free event next month ahead of this year's Offshore Europe.
Shape and scale of £333m AECC emerges
Massive construction work on Aberdeen’s new multi-million pound exhibition and conference centre is on track and will provide a “huge boost” to the city, according to the council leader.
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Opinion: Force of law needed to crush gender inequality in oil and gas
I have for many years pondered the sheer stupidity of the gender imbalance problem and not just in the context of the energy industry.
Scientists find ‘cure’ for nuclear radiation exposure
It sounds like science fiction. Yet a cure for Acute Radiation Syndrome (ARS) may be on the horizon thanks to an Israeli scientist and a team from Pluristem Therapeutics Inc.
Opinion: New digital resource can reduce risk in an age of fewer workers, longer hours
On July 6, 1988, an explosion and resulting fire destroyed Piper Alpha, killing 167 people. That was 29 years ago, but the legacy from Piper Alpha lives on today. Many lessons have been learned, however, the real dangers of oil and gas offshore operations are still very real. The industry needs to assure colleagues, friends and families that safety and the environment are still its number one focus.