Premier Oil in early talks on deal with Chrysaor
Premier Oil and Chrysaor have held preliminary talks about a potential deal that would bring together two of the largest UK oil and gas producers, according to people with knowledge of the matter.
Mubadala Petroleum eyes $2bn Southeast Asia sale
Mubadala Petroleum has put its Southeast Asia portfolio up for sale for $2 billion. The Abu Dhabi-based company will be following in the footsteps of ExxonMobil, Chevron, Shell, Murphy Oil, Hess, Repsol and Eni, all of which are looking to sell assets in the Asia region.
IEA says oil market more fragile as resurgent virus hurts demand
The outlook for global oil markets has grown “even more fragile” as a resurgent pandemic derails the recovery in demand, the International Energy Agency said.
Clinic leads way in rapid test kits for coronavirus
An Aberdeen-based healthcare business is among the first in the world to get its hands on the latest in Covid-19 testing technology from life sciences firm LumiraDx.
Aberdeen expected to benefit from new BP-Microsoft partnership
BP and Microsoft have struck up a new strategic partnership aimed at helping one another – and the communities they serve -- achieve low-carbon goals.
Unexpected benefits: will Covid-19 lead to a more diverse workforce?
Could a more diverse workforce be one of the benefits to emerge from the global pandemic? Janette Marx, CEO of global workforce solutions provider, Airswift makes the case that lockdown has broken down the lingering psychological hurdles while technology has allowed difference to be encouraged and enabled.
Flexitricity acquired by global investment specialist Quinbrook
Flexitricity Limited, Britain’s first, most diverse and most innovative demand response company, has been acquired by Quinbrook Infrastructure Partners from Swiss multinational Alpiq AG.
Oil edges higher ahead of OPEC+ meeting with demand in focus
Oil has climbed ahead of an OPEC+ meeting this week that will assess the group’s production cuts as the recovery from virus-driven demand destruction falters.
BP says oil demand may have peaked already
BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more.
Greece and Turkey willing to enter talks on sea dispute
After weeks of tensions in the eastern Mediterranean, Greece and Turkey have signalled a willingness to start talks aimed at resolving a long-standing sea dispute tied to potentially lucrative offshore gas deposits.
Green hydrogen costs fall, but not quite enough
The cost of electrolysers have fallen sharply over the last decade, but power-to-gas technologies will not be competitive with fossil-based hydrogen before 2030, panelists told a webinar hosted by CMS law firm.
Capitalising on Big Wind boom
Scheduled to arrive in Norway mid-month under tow from Romania, Prysmian’s new cable laying ship Leonardo da Vinci is apparently firmly on course to enter service during Q2 next year.
Forever rebalance the playing field
“When I talk to managers, I get the feeling they are important. When I talk to leaders, I get the feeling I am important.” Alexander den Heijer, 2014
Decommissioning firm Well-Safe Solutions snaps up second rig
Oil and gas decommissioning firm Well-Safe Solutions has acquired a second rig in a move it claims will spark the creation of about 100 new jobs.
Shetland helicopter FAI: Pilots failed to ‘meet standard of reasonable care’
A senior pilot has told a court that the crew of a helicopter which crashed in the sea off Shetland had not complied with the standard operations regarding airspeed as they prepared to land.
Hurricane ‘arguably’ a takeover target after ‘awful’ downgrade, analyst says
Hurricane Energy is now “arguably” a takeover target for companies brave enough to “take a punt on basement plays” after it revealed a huge downgrade to its resource base, an analyst has said.
Updated: Hurricane makes huge cuts to west of Shetland oil resource estimates
Hurricane Energy slashed its oil resource estimates in a crushing blow to investors who hoped the firm would become a west of Shetland oil powerhouse.
‘Co-pilot’s brave actions before crash saved lives’
A Super Puma helicopter which crashed into the sea would have sunk – ultimately killing more people – had it not been for the “brave” actions of the co-pilot to deploy floats, a fatal accident inquiry heard.
UK oil firms could make more of opportunities occurring amid Covid
In an industry where the US dollar (USD) is king, foreign exchange (FX) markets can make a significant difference to many oil and gas firms’ bottom line during extreme market volatility and economic uncertainty.
Eight steps for a safe and healthy workplace
Organisations have continued to operate safely throughout the Covid-19 pandemic, with business leaders adapting to protect the health and safety of their employees both on and offshore.
Serica hunts for deals as majors look to rationalise portfolios
Serica Energy chief executive Mitch Flegg has said the North Sea oil and gas firm is on the hunt for acquisitions as majors look to “rationalise” their portfolios.
Maybe it’s time to look to Heligoland
Current plans to reinforce the power line between Fort Augustus and the Western Isles, via Skye, reminded me of the controversy that arose when the link was created in the 1980s.
New helicopter freight tracking system for North Sea
The transportation of goods offshore is to be revolutionised with a new system for managing helicopter freight which has been developed by ACE Forwarding (ACE) and is currently being deployed.
Tendeka: Leading through uncertainty
Over the last six months, the global pandemic brought very new challenges for both our home and work life along with whole new lexicon and unprecedented willingness to listen to our political leaders.
What does working from home mean for the office market?
Working from home (WFH) is not a new phenomenon. For the past 20 years and more we have seen WFH grow at varying speeds across different business sectors.