Energy service firm Hydrasun Limited reported a healthy order book and “strong pipeline of new opportunities” in its latest annual accounts. The Aberdeen company - part of Hydrasun Group - achieved a small rise in profits to just under £17million, from £16.2million a year earlier, during the 12 months to March 31. Turnover increased by more than £20million to £120.9million.
Enegi Oil has been awarded a production licence in the UK Central North Sea in the 28th round of licensing. The block, 21/28b, was awarded by the Department of Energy and Climate change. It contains two known discoveries named Crinan and Dandy, which lie adjacent to the Fyne Project area in water depths of 89m.
Residents fighting against fracking in their village take their case to the High Court today. They are objecting to planning permission which has been granted for further works to be undertaken at Lower Stumble in Balcombe, West Sussex. Lawyers representing the Frack Free Balcombe Residents Association (FFBRA) claim the decision by West Sussex County Council to grant permission to energy firm Cuadrilla was “unlawful”. Law firm Leigh Day says the company, which previously had permission to frack for oil and gas at the site, has been given the go-ahead to return. It said: “According to the latest application, permission was sought for exploration and appraisal of the recently drilled ’hydrocarbon lateral borehole’ together with a new 46ft (14m) high flare on the site.” Planning permission was granted “despite massive objection to the development”.
“If you look at the assets that we’ve held the longest, like Thistle, the Dons where we have the (FPSO) Northern Producer, and Heather, we’re having a very good year,” says Enquest’s North Sea president, Neil McCulloch. “We’re doing well on the regulatory side of things too; had inspections around our facilities this year . . . some of the oldest in the North Sea. “While you never get an entirely clean bill of health, we’ve done very well with no prohibition notices, no improvement notices; just some support for the way we go about our business. It’s about doing simple things very well, repeatedly. And that’s a core value at Enquest.
North Sea operator CNOOC confirmed its Golden Eagle Area Development (GEAD) has commenced production. The timetable is in-line with predictions made earlier this year. The Chinese state-run oil group is targeting between 422million and 435million barrels of oil equivalent from its operations this year.
Moscow and Kiev have clinched a deal that will guarantee that Russian gas exports flows into Ukraine throughout the winter despite their intense rivalry over the fighting in eastern Ukraine.
Russia and Ukraine have resumed talks in a bid to strike a reprieve in the pair’s longstanding gas stand-off.
Statoil ASA may cut investment plans for the two next years after the sale of assets from the North Sea to Azerbaijan reduced the spending commitments of Norway’s biggest energy company.
A Super Puma helicopter has made an emergency landing on a North Sea platform.
The UK arm of Dutch energy service firm N-Sea Group said yesterday it had secured work worth a total of more than £100million since a change of ownership at the start of the year.
Collaboration by North Sea states will help tackle Europe’s carbon emissions, an international gathering of CCS (Carbon Capture and Storage) emission experts will hear. The SCCS (Scottish Carbon and Capture Storage) annual conference will tell politicians, industry experts and academics that the combined efforts of the industry could see hundreds of years’ worth of Europe’s carbon emissions stored.
Scotland is to get a new testing facility to help identify any possible cases of the deadly Ebola virus, the Health Secretary has announced.
National Trust will today launch it latest renewable project in Snowdonia, Wales.
North Sea oil and gas tax would be a "good candidate" for devolution to the Scottish Parliament, experts have said.
Power systems company Rolls-Royce has been awarded a £24million subsea contract for work in Norway. It will supply a module handling system to the subsea construction vessel Aker Wayfarer, which was built in 2010.
The European Union’s environment agency says the bloc’s greenhouse gas emissions dropped by nearly 2% last year, putting it in touching distance of its target for 2020.
Total has agreed to sell off its interests in a number of Norwegian assets for $317million. An agreement has been signed by Total E&P Norge AS to sell off 8% of its shares in the Gina Krog field, together with its interests in the mature fields of Vilje and Vale at 24.23% and 6% share in Morvin to PGNiG Upstream International.
Aberdeen-based PIM (Plant Integrity Management) has landed a contract from Maersk Oil Qatar for its PSV (Pressure Safety Valve) software in the Al Shaheen field. The company has helped deliver PSV management and consultancy systems on 33 platforms in the region.
BP Plc, Europe’s third-largest oil company, reported a 19% decline in quarterly profit. The company increased its dividend to 10 cents a share.
A course to provide English language skills to oil and gas professionals is to start in Aberdeen.
Technip has been awarded a 'substantial' contract for the North Sea Kraken development.
Maersk Drilling has secured a short-term charter contract with Total for a third drillship which was delivered from a shipyard in South Korea last month. The Maersk Venturer will commence the one well programme offshore in Malaysia for 45 days, beginning in December.
GDF Suez has opened its new flagship Aberdeen office with the announcement of a £20,000 investment in art projects within the North-east. The company’s new offices have opened less than a week after it made a joint announcement with BP regarding the latest discovery in the North Sea.
Mick Cash, general secretary of offshore union RMT, said the refusal to hold an inquiry sends out a “negative signal” to offshore workers.
The commercial helicopter sector continues to throw open its doors to new recruits and apprentices to the oil and gas industry. Energy Graduate takes a look at one company which is helping lead the way.