Centrica formally launches sale of Spirit Energy – report
Centrica has formally launched the process of selling off its stake in North Sea explorer Spirit Energy, according to a news report.
North Sea
National Galleries of Scotland cuts ties with BP
The National Galleries of Scotland has severed Portrait Award funding ties with BP over the "climate emergency".
North Sea pipeline owner Kellas sold to Blackrock, GIC
Private-equity firm Antin Infrastructure Partners has agreed to sell North Sea pipeline and terminal owner Kellas Midstream, headquartered in Aberdeen.
Updated: Delek’s Ithaca completes Chevron North Sea deal
Israeli firm Delek Group's Aberdeen-based subsidiary, Ithaca Energy, has completed the acquisition of Chevron’s UK North Sea business.
Major Apache deal brings work to Baker Hughes in Aberdeen, Montrose
An oilfield equipment deal between two US firms will bring millions of pounds worth of work to the north-east.
‘Outcry’ as Wood plans to slash sickness pay for workers on CNOOC platforms
A North Sea union has condemned Wood over plans to cut sickness pay by more than 75% for its workers on CNOOC platforms.
Industry champions celebrated at Oil and Gas UK Awards
Champions of the offshore industry were honoured in style at the annual Oil and Gas UK Awards last night.
Taqa Europe focusing ‘relentlessly’ on safety, third-quarter profits drop
Taqa’s European boss has insisted the company is “relentlessly” focused on safe and reliable operations despite a crew member sustaining a minor injury on a North Sea platform last month.
i3 starts drilling new pilot well on North Sea field
North Sea explorer i3 Energy has started drilling a new pilot well at its Liberator field in the outer Moray Firth.
Energy giant Wartsila UK sees steady rise in profit
A global energy giant with bases in Montrose, Aberdeen and Glasgow has seen turnover increase by 5.5%.
Siccar Point reaches another milestone ahead of Cambo FID
Siccar Point Energy has reached another checkpoint en route to a final investment decision (FID) for its 900 million barrel Cambo project off Shetland.
Costain wins contracts worth £4m
Infrastructure firm Costain's Aberdeen team will work on contracts worth £4 million for a range of projects, including North Sea oil and gas, nuclear and carbon capture.
CNOOC boss says ‘gung-ho’ days of North Sea are over in need to focus on mental health
The UK boss of CNOOC International has said the “Gung-Ho” days of the North Sea are finished amid a need to focus on mental health.
‘First time in my North Sea history’ industry aligns on common leadership principles – OGUK boss
A North Sea boss has hailed new leadership measures to prevent major hazards offshore as being the “first time” in her career the industry has aligned in such a way.
EnQuest platform evacuation shows need for ‘vigilance’, warns HSE chairman
The chairman of the Health and safety Executive (HSE) has warned the North Sea needs to be “constantly vigilant” after a platform was evacuated over structural concerns.
CHC Helicopter locked in 18-month battle with engineers over pay
Scores of engineers have been locked in a bitter pay dispute with employer CHC Helicopter for 18 months.
Demand going ‘up and up’ for Unity
A north-east well integrity specialist is finding strength in union.
New law ‘making an impact’ on North Sea business
A leading petroleum economist has said there are “positive signs” that a new law is making an impact on North Sea deals, a year on since it came into effect.
£265m impairments from ‘prolonged’ North Sea downturn lead Prosafe to heavy loss
Impairment charges of £265million from a “prolonged downturn and weaker outlook in the North Sea” have taken Prosafe to a heavy loss in the third quarter.
Industry body says ‘much more to be done’ to prevent oil and gas leaks
An industry body will warn there is “much more to be done” to prevent major leaks in the North Sea at an Aberdeen conference later.
Kellas faces appeal over £33m ruling on North Sea pipeline system
An Aberdeen-headquartered company is facing a further legal battle after winning a £33million ruling over a major North Sea pipeline system.
Eye ‘must be kept’ on the decommissioning ball, experts warn
The UK oil and gas sector must be alive to the threat of rising costs in its quest to become the global expert in cost-effective decommissioning, industry experts have warned.
EnQuest working on ‘many potential solutions’ for stricken North Sea rig
Oil firm EnQuest has said it is working with suppliers on a range of options for restoring the Thistle platform to production.
No easy answer for the future of Shell’s Brent field
It was the beginning of an exciting week when Greenpeace announced they had sent activists to the middle of the North Sea to climb the remains of Shell’s Brent platforms, brandishing signs of “clean up your mess”.
Oilfield services firm Halliburton swings back into the black
The UK arm of oilfield service company Halliburton has swung back into black after shrugging off previous financial losses.