Centrica ‘pauses’ Spirit Energy sale until markets settle
Utilities giant Centrica has "paused" the sale of its stake in Spirit Energy due to the economic meltdown caused by the Covid-19 outbreak and oil price war.
North Sea
Curlew project ‘huge success’ for Dundee despite being halted, says decommissioning boss
Dundee will become the go-to hub for decommissioning work in the UK according to the man who has spearheaded the city’s move into the sector.
Exclusive: Ogic activities transferred to Oil and Gas Technology Centre
The Oil and Gas Technology Centre (OGTC) has been handed £3 million in funding to help it take over the duties of another energy innovation facility.
New CEO takes over at Repsol Sinopec Resources UK
A new chief executive has today taken on the top job at North Sea operator Repsol Sinopec Resources UK.
Deal to save ‘thousands’ of North Sea jobs hammered out
A deal has been struck to protect hundreds, and potentially thousands, of North Sea jobs during the coronavirus outbreak.
No alarm over future for North Sea, oil boss says
Neptune Energy’s UK boss said on Tuesday that talk of the North Sea oil and gas industry being wiped out by a collapse in crude prices is premature.
Decommissioning plan for EnQuest Producer FPSO gets green light
The UK Government has approved a plan to decommission a North Sea development less than five years after first oil.
Fatal Accident Inquiry into Sumburgh helicopter crash delayed due to coronavirus
The Fatal Accident Inquiry (FAI) into a North Sea helicopter crash in 2013 has been delayed due to the coronavirus outbreak.
Subsea 7 facing ‘significant headwinds’ and withdraws 2020 guidance
Subsea 7 has warned of “significant headwinds” from the dual impact of the coronavirus and plummet in oil price.
Hunkering down for prolonged low prices, Neptune identifies cost cuts
Neptune Energy bosses insist the firm is “resilient enough to meet the challenges of today” as they hunker down for a prolonged period of low oil and gas prices.
Bilfinger Salamis praised for halting job losses
The Unite trade union has applauded Bilfinger Salamis for stepping back from its earlier decision to make almost 100 workers redundant.
BP CEO promises staff jobs are safe for at least three months
BP has promised its employees their jobs are safe over the next three months, while the oil major considers ways to cut costs with crude prices plunging.
‘Virtual’ remembrance service to be held for anniversary of 2009 Super Puma crash
A “virtual” remembrance service will be held tomorrow to mark 11 years since a fatal helicopter crash near Peterhead.
Siccar Point delays approval for flagship Cambo field in West of Shetland
Siccar Point Energy has announced it will defer approval of its highly-anticipated Cambo development until the second half of next year due to the coronavirus outbreak.
‘Disgust’ as Bilfinger Salamis terminates workers without option for government’s coronavirus support scheme
Workers have said they have been “hung out to dry” and “abandoned” by Bilfinger Salamis after their jobs were cut without the option to use the government’s coronavirus support scheme.
North Sea operators move to reduce cabin sharing ‘wherever possible’
A series of North Sea operators are working to remove cabin sharing offshore “wherever possible” in order to prevent the spread of the coronavirus.
Aberdeen Airpark to close permanently after 17 years due to coronavirus impact
A family-run Aberdeen business is facing closure this week due to the effects of the coronavirus on air travel.
i3 Energy to buy ‘struggling’ Canadian firm and list on Toronto Stock Exchange
i3 Energy plans to buy out a “struggling” Canadian oil and gas firm and list on the Toronto Stock Exchange (TSX).
Apache calls in bank guarantees of £530m to cover North Sea decommissioning after S&P downgrades credit rating
Apache has confirmed it will call in letters of credit of £531million to guarantee it will pay off decommissioning obligations in the UK North Sea.
BP inks new deal with Teekay for Foinaven FPSO
BP has inked a new contract lasting up to 10 years for the vessel which serves its Foinaven field, west of Shetland.
Worker quarantined on Chrysaor’s Britannia platform
An offshore worker has been put into quarantine on a North Sea platform operated by Chrysaor.
New well to keep Chestnut field producing for three more years, Spirit says
Oil and gas firm Spirit Energy has given the Chestnut field in the UK North Sea a three-year life extension by drilling a new production well.
Power restored at BP’s ETAP installation weeks after fire and downmanning
Power has been restored to BP’s ETAP installation, weeks after a fire forced it to be downmanned.
Tumbling gas prices put Parkmead in the red
Parkmead Group’s boss said the energy company had “retained its financial strength” despite being pushed into the red by falling gas prices.
‘Life and death situation’ as worker confirmed with virus at Hurricane’s Lancaster field
A “seriously ill” offshore worker has contracted coronavirus and been airlifted to hospital from Hurricane Energy’s Lancaster field in the West of Shetland.