Each week, Energy Voice pulls together the Friday Five. This week’s edition has been curated by our guest editor, Derek Leith, who is an EY Partner and head of Oil and Gas Taxation. Click below to see the site’s most read and engaged with copy of the week.
The UK’s workplace safety body has slapped EnQuest with an improvement notice after a worker was injured on the Thistle Alpha platform in the North Sea in July.
A team from Norway’s offshore safety body will land on the Scarabeo 5 today to investigate the circumstances that caused a fire to break out on the rig on Tuesday.
Customer switching between energy companies has hit a four-and-a-half year high but two-thirds of all households remain on the most expensive tariffs, Ofgem figures show.
At least 40 people were killed and many others were feared to be trapped when scaffolding collapsed at a power plant construction site in eastern China, state media reported.
As the dust settles on Philip Hammond’s first (and last!) Autumn Statement, it is worth taking stock of the impact of the announcement on the oil and gas sector.
It would seem logical that if the UK’s once largest corporation tax payer was going through a difficult time, the UK Government should be trying to do all it can to support it and boost growth and future developments.
More than 50 jobs are expected to be lost in Bergen, Norway, following shipping firm Stolt-Nielsen’s takeover of a rival business, a local media report said.
Global testing, mechanical and materials firm Exova said today it had made “satisfactory progress” in the first 10 months of 2016 in the face of a “soft” oil and gas market.
The UK's foremost annual conference for the lifting industry got under way in Aberdeen yesterday in what is set to be a record-breaking year for the event.
By Mark Routh, CEO and James Chance, commercial director of Independent Oil and Gas
Next year will mark 50 years since first gas at West Sole, the UK North Sea's first producing field. Since oil prices crashed in 2014, however, pessimism has descended upon the industry like a thick North Sea fog, obscuring five decades of achievement. The 2004-14 boom decade left a legacy of unsustainably high costs, followed by painful restructurings and even outright bankruptcies. UK production levels have fallen over 60% since the peak, investment levels and tax receipts even further, and 120,000 jobs have been lost. 2016 will be the fourth consecutive cash flow negative year, severely curtailing new exploration and development activity. Little wonder the North Sea is widely seen as a busted flush, condemned to a grim future of costly decommissioning.