Husky sanctions $3.6bn development off Canada
Husky Energy has sanctioned a $3.6billion expansion project off the east coast of Canada.
Husky Energy has sanctioned a $3.6billion expansion project off the east coast of Canada.
Houston oil and gas company Apache Corp. has hired the nation’s preeminent cave research institute to study the aquifers around Balmorhea State Park, home to the famous San Solomon Springs.
A fire at an oil tank battery owned by Anadarko Petroleum Corp. has killed one worker and injured three others in Colorado, authorities and the company confirmed.
Climate change could cost the world’s major cities twice as much as the rest of the planet because of the extra heat created by the urban jungle, researchers have warned.
A luxury apartment hotel in Aberdeen city centre is to close with the loss of 15 jobs.
Oil nation’s efforts to re-balance the market via a deal on production cuts have worked, industry experts said, adding that extending the agreement is the right move.
Oil producing nations meet on Thursday to discuss extending production cuts to re-balance crude market supply and demand. The cuts, which came into effect on January 1, comprised a reduction of 1.2million barrels per day for Opec members, and 600,000 for non-Opec states, with Russia making up the bulk of that quota.
Oil major BP is celebrating the start of production from Quad 204, one of the largest field redevelopments in North Sea history.
A boss at BP has hailed the North Sea as an attractive place to invest and said the oil major would keep working to “reinforce confidence” in the region.
An Aberdeenshire engineering firm has said an unexpected call to provide cranes for the Queensferry Crossing had boosted its growth prospects.
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Malin Marine Consultants (MMC) in Aberdeen will build an offshore buoy for a groundbreaking renewable energy project off Holyhead.
Private equity is not a major player in oil and gas yet, but recent entries could signal a shift in the funding of companies and projects, a corporate lawyer has said.
Danish firm Semco Maritime has delivered a jobs boost for Aberdeen after being chosen for work on the Culzean project in the North Sea.
Lawyer and Middle East business expert Hugh Fraser has been inducted into a global networking initiative set up to help Scottish firms break international markets.
Maersk Oil has released footage showing the progress being made on the three topsides for the £3.3billion Culzean field.
Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement.
Semco Maritime plans to employ up to 150 people in Aberdeen to carry out hook-up work on Maersk’s £3.3billion Culzean project in the North Sea.
An Aberdeen-based subsea services firm cut its fleet size from three to two and reduced its workforce by almost a third during a year which saw its losses surge by 90%.
Saudi Aramco has signed a deal with Chinese conglomerate Norinco for the construction of a refinery and chemical plant in the north-east of the Asian country, a news report said.
A potential £10billion of offshore renewables development off the Tay and Fife coast has been unlocked after a court ruling.
Hurricane Rita destroyed an oil and gas well about 75 miles off Louisiana in 2005, but when Prime Natural Resources sought to recover damages from its insurance company, it was rebuffed.
Shares in Plexus Holdings sank 5.68% to 60.25p yesterday after the Aberdeen oil engineer warned of a sluggish order book recovery.
Holland’s Heerema Fabrication has clinched a deal to build a new jacket for the Peregrino II project offshore Brazil.
Oceaneering will use its new Ocean Evolution vessel to carry out flowline installation work in the US Gulf of Mexico for Shell.