12 start-ups for new TechX virtual accelerator programme
A dozen “pioneer” start-ups are taking part in the Oil and Gas Technology Centre (OGTC)’s third annual TechX Accelerator programme.
New caisson makes it a dozen for Aberdeen harbour extension
The 12th caisson for Aberdeen harbour’s £350 million-plus expansion project arrived in the city yesterday after a 48-hour journey from storage in the Cromarty Firth.
Founder of north-east hydraulics firm shifts to chairman role
The managing director of a north-east hydraulics firm has shifted to the chairman role so that he can take a “broader view” of the business.
Leading entrepreneur honoured at ‘virtual’ Offshore Achievement Awards
North-east entrepreneur Jeanette Forbes was recognised for her significant contribution to the UK offshore energy sector in a “virtual” awards ceremony tonight.
Impairment drives Maersk Drilling deep into the red
Maersk Drilling fell to a pre-tax loss of £1.18 billion in the first half of 2020 due to a hefty impairment linked to the Covid-19 outbreak and oil price drop.
EVOL: Choppers, bunkers and Chevron
In this episode, in association with the EIC, the war of words has continued in the helicopter space with another contract going to fiercely competitive Babcock. While the company has remained silent about its winning ways, others vying for contracts have been less restrained. Babcock, if you’re reading this, give Mark a call to explain.
Drilling firm Archer posts first-half profit despite Covid hit
Drilling services firm Archer made pre-tax profits of £2.3 million in the first half of 2020 despite being hit hard by the Covid-19 pandemic and low oil price.
OceanTools clinches £50k order for new devices
Subsea engineering firm OceanTools has clinched a £50,000 deal to supply devices to marine technology business Seatronics.
Cnooc’s Buzzard platform could feed into carbon capture project
Chinese oil firm Cnooc’s Buzzard platform in the UK North Sea may have a role to play in a flagship carbon capture and storage (CCS) project, developers have said.
Whalsay records big impairment on Bentley field amid Covid-hit sales process
Whalsay Energy booked an impairment charge of £52.7 million ($69m) on its Bentley field based on offers it received as part of a Covid-hit sale and farm-out process.
Beijing rattles oil companies in South China Sea off Vietnam
Beijing has increased pressure on Hanoi thereby derailing yet another upstream project in the South China Sea.
Picture: Tolmount platform loaded onto barge ahead of voyage to UK
Premier Oil has reached another milestone in its Tolmount gas project in spite of the Covid-19 pandemic, a photograph shared online shows.
Oil workers must heed IR35 rules when setting up own businesses
The oil and gas downturn of approximately five years ago where the price of a barrel of oil dropped to less than $30 led to thousands of employees in the sector being made redundant. Those who wished to remain in the sector had to be patient before ultimately securing further employment.
Aramco plans huge spending cut for 2021
Saudi Arabia’s state oil company plans to cut capital expenditure to $25 billion or less next year, about half the amount it was originally planning, according to people familiar with the matter.
Digital business event to explore Guyana opportunities
Plans are gathering pace for a digital business event which will highlight opportunities to link businesses in the North East of Scotland with a newcomer on the list of oil producing countries.
Orbital Marine calls time on ‘breakthrough’ SR2000 floating tidal turbine
Renewables firm Obital Marine has called time on its “breakthrough” SR2000 floating tidal turbine.
Oil rises with shrinking US stockpiles signalling demand pickup
Oil advanced after U.S. government data showed stockpiles decreased and refiners boosted processing rates, signalling a demand comeback as the summer driving season nears an end.
What next for net-zero? The status of transition in light of Covid-19
It is almost impossible to underestimate the impact of the Covid-19 pandemic. Not only have 13-million-plus cases of infection and more than 570,000 deaths been reported [July 2020], but the virus is still with us and it is still killing people in many parts of the world. Uncertainty about the future is high, despite moves towards reopening economies and success by some nations in bringing the virus under control within their borders. The uncertainty is compounded because many nations are still facing rapid growth in infection rates.
ROC Health: Get ready for new private hospital in Westhill
ROC Health is proud to announce a major milestone for a start-up healthcare business, whilst celebrating 10 years of success this August.
Updated: Weatherford laid off 130 Aberdeen workers in first half
Oilfield service firm Weatherford has said it made 130 employees redundant in Aberdeen in the first half of 2020 in an effort to get a grip on its costs.
Investment decision delayed on west of Shetland gas project, Ineos says
Total has put off making a final investment decision (FID) on its Glendronach gas discovery until next year, project partner Ineos has said.
Curlew – a decom object lesson
I’m baffled by the Curlew decommissioning saga that will now see the life-expired FPSO be dismantled in Norway rather than via the original arrangement whereby it was to be prepped in Dundee prior to being towed to Turkey for chopping up.
Aberdeen firms join forces to launch mobile screening app for Covid
Two Aberdeen-based firms have joined forces to launch a new mobile screening app for businesses to monitor employees for any symptoms of coronavirus and respond swiftly to any concerns.
FlyLogix soaring ahead
The executive chairman of unmanned aerial vehicle firm FlyLogix said it is “very fortunate” to have enjoyed success in recent months despite the Covid-19 pandemic.
Garrick Group snaps up north-east drilling repair company MRDS
North-east drilling repair company MRDS has been acquired by an Aberdeen based investment firm for an undisclosed amount.