North Sea strikes paused after Ponticelli and Semco Maritime make improved offer
Large-scale North Sea strikes have been suspended while workers vote on an updated deal.
Oil & Gas
World risks “ever more chaotic” transition, Aramco boss warns
The world is on course for a “deeply flawed” and “ever more chaotic energy transition”, Saudi Aramco CEO Amin Nasser has said, in comments at the World Petroleum Congress.
BP levels sharpest criticism yet of London’s Brent crude oil market
BP said the world’s most important oil benchmark was experiencing ‘regular dislocations,’ in the harshest criticism ever by an oil major about how the price of Brent crude is calculated.
High Court challenge to Mozambique LNG funding begins
A case has begun this morning in the High Court as Friends of the Earth (FoE) challenges the UK government’s support for Mozambique LNG.
Aramco dishes out offshore work to McDermott, Worley
Saudi Aramco has awarded three contracts to McDermott offshore in the Arabian Gulf, shortly after handing Worley offshore work.
Maersk Training appoints new chief executive
Maersk Training has appointed a new chief executive as it targets further growth in the global offshore energy and maritime markets.
Aberdeen subsea supplier launches new division with promise of jobs
A leading Aberdeen-based electrical and subsea supplier has continued its 40th anniversary celebrations with the creation of a new division.
Mpumalanga lightning slows Kinetiko drilling progress
Poor weather has imposed “substantial delays” to Kinetiko Energy’s drilling programme in South Africa, where it is working on a coal-bed methane (CBM) project.
Harbour moving fast to commercialise Tuna discovery in Indonesia
UK-based Harbour Energy (LON:HBR) is driving forward with plans to commercialise discoveries at its Tuna Block offshore Indonesia following a successful appraisal drilling campaign after good flow rates were recorded.
Halliburton sees world headed for oil scarcity
Halliburton, one of the world's largest oilfield services companies, has warned that the world is headed into a period of scarcity for oil after seven years of underinvestment following crude’s plummet from $100 a barrel in 2014.
Halliburton sees world headed for oil scarcity
Halliburton, one of the world's largest oilfield services companies, has warned that the world is headed into a period of scarcity for oil after seven years of underinvestment following crude’s plummet from $100 a barrel in 2014.
Another delay to £3.2m United – Quattro Energy North Sea deal
United Oil and Gas and Quattro Energy have once again pushed the completion date for a £3.2million North Sea deal.
St Fergus terminal owner joins Acorn CCS project as partner
The owner of the St Fergus Gas Terminal in Aberdeenshire has bought in as a partner in the Acorn CCS project.
Woodside eyes first mover advantage in North Asian hydrogen markets
Australian liquefied natural gas (LNG) developer Woodside (ASX:WPL) is busy positioning itself for a future in which hydrogen may play a growing role in the energy mix. Significantly, it is working closely with customers in its traditional LNG export markets – particularly Japan and South Korea – to meet demand for cleaner forms of energy.
Woodside grabs foothold in US hydrogen market
Australian liquefied natural gas (LNG) developer Woodside (ASX:WPL) is expanding its portfolio of hydrogen production opportunities to the US as it eyes North America’s heavy transport sector.
Thailand’s PTTEP boosts investment in UAE after Eni deal
PTT Exploration & Production (BKK:PTTEP) will expand its investment in the United Arab Emirates (UAE) by acquiring a 25% stake in Area C onshore block from Italy’s Eni. The state-backed Thai upstream player said the investment fits with its strategic focus on prolific petroleum areas in the Middle East.
Analyst: Cambo decision means Shell likely sees UKCS as a ‘difficult place to invest’
Shell’s shock decision to back out of the contentious Cambo field caps a tough few months for the oil giant, as far as the North Sea goes.
Strike action by hundreds of North Sea workers ‘rock solid’, says union
Hundreds of North Sea workers have been “rock solid” in their response to planned strikes, a union has said.
OGA names winners of £1m platform electrification competition
A trio of projects have won a share of a £1 million pound prize in order to advance platform electrification in the North Sea.
Chevron extends Angola licence to 2050
Chevron’s local Angola unit has extended the Block 0 concession until 2050 and it will keep its full 39.2% stake.
China’s GEG signs long-term LNG deal with QatarEnergy
QatarEnergy (QE) has struck a long-term deal to supply LNG to China’s Guangdong Energy Group (GEG).
Wall Street holds fast to fossil fuels as climate pressure grows
With the ink hardly dry on a landmark pledge by the finance industry to fight climate change, the world’s biggest banks are making clear they plan to stand by their fossil-fuel clients.
Macron oversees slew of French deals on visit to Middle East
French President Emmanuel Macron has overseen a number of commercial deals during his visit to the Middle East.
Tecnimont, Technip win big at Borouge expansion
Borouge has signed engineering, procurement and construction (EPC) contracts for its new plant, which it is working on with Adnoc.
Oil and gas jobs in Scotland: Where are they and what next for the industry?
The future of oil and gas in Scotland could be on borrowed time as the country attempts to plot a course towards a greener future.