Malaysian firm Hibiscus clinches deal to buy Crown discovery
Malaysian firm Hibiscus Petroleum has struck a deal to acquire a North Sea discovery from two UK oil and gas businesses.
Oil & Gas
EnerMech appoints new chief executive
Aberdeen-headquartered energy services firm EnerMech has appointed John Guy as its new chief executive.
Hurricane still counting on Kerogen support despite share sale
Hurricane Energy today insisted it had the “continued support” of Kerogen despite the private-equity firm selling about a quarter of its shares in the oil company.
Aker Solutions in the mix for contracts worth £5bn
Norwegian energy services giant Aker Solutions said today that it was bidding for contracts worth about £5 billion.
Premier says new North Sea well imminent, keeps chipping away at debt
UK-headquartered Premier Oil said today that drilling of the Tolmount East appraisal well would start "imminently" in the southern North Sea.
Opex Group on the charge with new city centre HQ
Aberdeen-based Operational Excellence (OPEX) Group has moved into new West End headquarters after a jump in customers and headcount.
Augean targets further growth in North Sea decom market
Bosses at hazardous waste management company Augean said today that they are targeting further growth in the North Sea decommissioning market.
£4m up for grabs for Scottish decommissioning projects
Funding worth £4 million is up for grabs in a fresh attempt to boost Scotland’s share of North Sea decommissioning work.
VIDEO: Aberdeen Harbour carries out decommissioning work for Total field
Aberdeen Harbour Board has released a video of decommissioning work taking place for Total’s Leadon field in the North Sea.
Aberdeen firm lands 20 jobs in landmark wind farm deal
An Aberdeen-headquartered offshore services firm has created 20 jobs thanks to a deal with Swedish wind farm developer Vattenfall.
Climate activists hold protest outside BP meeting in Elgin
Climate change activists made their way to Elgin yesterday to protest as energy bosses met in the town.
Iran’s leader vows response to British ‘piracy’
Iran's top leader has said his country will retaliate over the seizure of an Iranian tanker by British authorities.
Oil activity begins to return to Gulf of Mexico after hurricane evacuations
Oil and gas activity is beginning to return to the Gulf of Mexico this week after Hurricane Barry swept through the region and up into Louisiana.
Turkey scoffs at EU sanctions and vows to keep drilling off Cyprus
Turkey rebuffed a set of punitive measures by the European Union and vowed to go ahead with its energy exploration in the eastern Mediterranean in a growing dispute with EU member Cyprus.
Keppel secures contracts worth £77m
Singapore-based rig builder Keppel has inked contracts worth £77m million for a newbuild dredger and the modification of a floating production, storage and offloading vessel (FPSO).
Production starts at 76m barrel field, Equinor says
Equinor today hailed production start-up from the 76 million barrel Trestakk subsea tieback project off Norway.
Equinor unveils £225m water injection plan for Gudrun
Equinor and partners will breathe new life into the Gudrun field offshore Norway by investing £225 million in water injection equipment.
Chrysaor makes ‘material impact’ on UK while other newcomers ‘look to exit’
Chrysaor is the only new private equity-backed firm to make a “material impact” on the UK North Sea, according to new analysis.
Updated: North Sea oil platform arrives in Shetland for scrapping
The delivery of a North Sea oil platform to Lerwick highlights the Shetland port’s status as a “centre of excellence” for decommissioning, a joint-venture has said.
Ministers won’t commit to copter safety inquiry despite union pressure
Trade union bosses have issued fresh calls for a public inquiry into North Sea helicopter safety after a report showed fatigue was a factor in a “near miss” at Aberdeen Airport.
Callon Petroleum acquires Carrizo Oil in $1.21bn merger of Houston firms
Callon Petroleum will acquire Carrizo Oil & Gas at a price tag of more than $1.2 billion in a combination of two Houston oil producers.
US oil executive gets 18 years in prison for defrauding investors
A Houston oil executive was sentenced to state prison for defrauding investors who thought they were paying for the drilling and testing of wells -- but instead paid the executive's mortgage.
KCA Deutag wins contracts worth £135m in Russia
Oil and gas industry contractor KCA Deutag (KCAD) has clinched a trio of new contracts worth about £135 million for land drilling work in Russia.
Expro wins £16m decommissioning work for Petronas
UK oilfield services firm Expro has been awarded a £16million contract to help decommission an offshore field for Malaysian operator Petronas.
Saudi wealth fund ‘to buy’ stake in venture from Aramco, Jacobs
Saudi Arabia’s sovereign wealth fund has acquired a 40% stake in a joint venture between state energy producer Aramco and Jacobs Engineering Group Inc., according to three people familiar with the matter.