Envoy Group snaps up Avantis Marine
Envoy Group has added to its portfolio of companies as it targets growth in the offshore carbon reduction and clean energy sectors.
Total records $8bn writedown on carbon-heavy oil assets
Total SE announced an $8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the long-term viability of some oil and gas assets.
RJ McLeod scoops contract for 103-turbine wind farm
Scottish civil engineering firm RJ McLeod has been named as main contractor to build the 103-turbine Viking Wind Farm in Shetland.
BP’s $6bn deep-water project faces sales price risk in India
Imported LNG looks more price competitive compared to India’s new deep-water gas production over the next two to three years
BP fined £7,000 for crude oil leak
A major oil firm has been fined £7,000 after 95 tonnes of crude oil leaked into the sea.
UK Government ‘looking at’ oil and gas sector deal, Michael Gove says
Michael Gove has reiterated the UK Government’s consideration of a north-east oil and gas sector deal and confirmed he is exploring support for the city’s hydrogen project.
Aker Solutions bags £120m deal with ExxonMobil
Norwegian energy services firm Aker Solutions has clinched a five-year contract extension from ExxonMobil to provide a range of services on the Hebron platform, offshore Newfoundland.
Upbeat boss says Nucore ‘still has plenty on the go’
An Aberdeen-based engineering group is eyeing a boost from Russia’s Far East after Covid-19 left it “scrimping and saving”, its boss said.
EnerMech secures contract for major Australian infrastructure project
Aberdeen’s EnerMech has secured a contract to provide mechanical, electrical and instrumentation (ME&I) services on the next stage of WestConnex, Australia’s largest road infrastructure project.
Xodus Group and E&E Solutions form Japanese offshore wind partnership
Xodus Group and E&E Solutions form Japanese offshore wind partnership
Shetland hotel formerly used by Total extensively damaged by major fire
A Shetland hotel has been extensively damaged by a major blaze.
Shares rise as Hurricane tackles production issues at Lancaster
Hurricane Energy has managed to boost production from its Lancaster field, west of Shetland, using new equipment.
Reliance overtakes Exxon to become world’s second biggest energy firm
Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays.
Trade union slams Centrica over directors’ pay
Directors at gas giant Centrica have been paid more than £30 million while they presided over the company's "plummeting" share price, a union is claiming.
UK needs ‘immediate action’ to hit 2050 net-zero target, report says
Immediate action is required for Britain to reach net-zero carbon emissions by 2050, according to a report by the country's electricity system operator.
Oil steady with US-China tension offset by signs virus easing
Oil was steady after a weekly gain as investors weighed worsening relations between Washington and Beijing and the prospect of more supply against a weakening dollar and signs the virus is easing in the U.S.
US trial a major step forward for oil well technology developed in Aberdeen
Cavitas Energy’s mission to develop a downhole device aimed at improving the economic feasibility of heavy and enhanced oil recovery has taken a major leap forward.
EV Out Loud: Idle threats, rusty rig museums and oil’s big skills crisis
Listeners to this week’s EV podcast, in association with Burness Paull, are in for a real treat; we were delighted to welcome on board a special guest with bags of insight and intelligence, James McCallum.
Taqa hands in decommissioning plans for two North Sea platforms
Oil and gas firm Taqa has handed in decommissioning plans for two of its northern North Sea platforms to the UK Government.
China oil giants cash in with pipeline deals worth $56bn
China’s biggest oil and gas companies finalized deals worth $56 billion to sell their pipeline networks to a new national carrier at premiums to their book value, a long-awaited step that’s being seen as a boost for investors.
Barclays finance chief Morzaria handed BP non-exec director role
BP today announced the appointment of Tushar Morzaria as a non-executive director, effective September 1.
Centrica to sell US energy retail arm for £2.8bn
British Gas owner Centrica has said it will sell off its US energy retail arm in a £2.8 billion deal.
Equinor plunges into the red as CEO warns of persistent Covid-19 ‘uncertainty’
Norwegian energy giant Equinor warned of the continued considerable "uncertainty" caused by Covid-19 as it plunged into the red in the first-half of 2020.
The oil market continues its cautious rally but more uncertainty lies ahead
For the oil markets, the first half of the year saw extraordinary swings in supply and demand, culminating in what is now thought to have been a staggering 22mbbpd of oversupply in April as OECD economies headed into lockdown and OPEC+ cuts dissolved. Demand fell to 78mmbpd and Saudi Arabia pumped an additional 1.6mmbpd, driving Brent down to under $10/bbl on April 21st and briefly pushing the WTI futures contract into negative territory.
Policy vacuum risks blowing Scotland’s net zero carbon drive off course
Scotland will struggle to reach its net zero carbon targets unless Holyrood takes a swift and stronger grip on planning policy surrounding the deployment of taller turbine models, as well as a permissive approach to repowering of first-generation onshore windfarms with the latest technology.