De Leeuw hopeful Opec deal will inspire investors
An oil industry veteran said he hoped Opec's agreement on output would boost confidence among oil companies and attract more investment.
An oil industry veteran said he hoped Opec's agreement on output would boost confidence among oil companies and attract more investment.
A whale and dolphin charity is to host a public meeting discussing controversial plans to for ship-to-ship oil transfers at the mouth of the Cromarty Firth.
Opec today confirmed that its members had agreed to cut oil production by 1.2million barrels a day in an effort to rebalance the market.
A Fife-headquartered fabrication company said a contract for wind turbine jackets and piles had enabled it to hire 71 more workers at its site on the Isle of Lewis.
Italian firm Eni has signed a cooperation agreement on renewable energy with Tunisia’s state oil company, Etap.
General Electric (GE) has opened a digital technology centre in India that will create 1,000 jobs.
AIM-listed Northern Petroleum has sold assets to High Power Petroleum (H2P) for a total of $2.75million.
London-listed Baron Oil said today that two of its blocks in Peru contain nearly a billion barrels of recoverable crude and billions of cubic feet of gas.
Swedish energy firm Vattenfall has agreed to move into Aberdeen harbour to support the construction of Scotland’s largest offshore wind test and demonstration facility.
A trio of trade unions today slammed Bilfinger Salamis’ decision to withdraw from the Offshore Contractors Association (OCA) agreement.
Aberdeenshire engineering firm SengS is targeting a bigger share of the North Sea market following its acquisition by Pryme Group, which was announced yesterday.
Global energy industry executive search firm Ducatus Partners has made two senior appointments to help it branch into different sectors.
The heads of Opec member countries will meet in Vienna today in an attempt to hammer out a deal on production cuts.
A company majority-owned by Simmons & Company International’s private equity fund has acquired Aberdeenshire firm Sengs Subsea Engineering Solutions (SengS).
A new report has given a damning assessment of the Scottish Government’s efforts to help the North Sea oil and gas industry in its hour of need.
North-sea job losses have not slowed down over the past year, but there are signs that industry has turned a corner, the 25th Oil and Gas Survey said.
Despite Professor Alex Kemp’s justification for decommissioning tax breaks, any break is a very poor deal for the UK taxpayer. Current levels are set at 75% or 50 % for respective petroleum revenue tax (PRT) paying and non-PRT fields. With estimates of the total decommissioning cost at ca £40billion, the taxpayers’ portion is, by any fiscal measure, a huge sum of money. It equates to approximately £1,000 per UK taxpayer. Furthermore, should decommissioning costs increase, as many suspect they will, the risk to the taxpayer is obvious.
Two Norfolk-headquartered firms with bases in Aberdeen have joined forced to launch a monitoring system to reduce maintenance costs for wind turbines.
A new piece of kit that could strip down decommissioning costs is expected to be in Aberdeen in time for Christmas.
A failure to account for poor weather conditions led to the death of a worker on an oil field support vessel off the north-west Australian coast last year.
Egdon Resources said today that it had raised £2million via an open offer and will use the proceeds to press ahead with the Wressle oil field in Lincolnshire.
Thirteen people have been arrested after scaffolding collapsed at a power plant construction site in eastern China, killing 74 workers.
A contract for the assembly of wind turbine jackets will secure up to 200 jobs at Harland and Wolff (H&W) in Belfast.
The Ivorian Government has approved plans from a consortium headed up by French energy giant Total to build and operate an LNG re-gasification terminal in the West African country.
The boss at Ithaca Energy said today he was frustrated by a delay to first oil from the flagship Greater Stella Area in the North Sea.