Subsea companies across the UK are reporting an improved outlook for the industry with fewer anticipated redundancies, greater optimism and new geographical markets.
Teekay’s Banff floating production, offloading and storage vessel (FPSO) will be scrapped in Denmark.
After a truly challenging 2020, hopefully 2021 will offer something to look forward to.
In January 2021, OGUK and Deloitte will launch the latest edition of the UKCS upstream supply chain collaboration review and index. The index is developed from supply chain and operator company feedback and provides an understanding of how effectively industry is working together in what continues to be challenging times for us all.
Global Energy Group’s new group chief executive has described the firm as “probably the best positioned organisation in the whole of the UK” to make the most of the expansion in offshore renewables.
Waste management firm Augean expects to record a £3 million impairment in its 2020 results linked to the decline of its North Sea business.
The Tawke licence in Kurdistan produced 110,300 barrels per day in 2020, DNO has reported, down from 124,000 bpd in 2019.
A global property investor aims to make BP’s North Sea headquarters in Aberdeen a beacon of the city’s green credentials.
Training and management consultancy firm Assurance of Learning (AoL) has snapped up a north-east counterpart for a six figure sum.
Babcock bosses have continued to hit out at its oil and gas helicopter business, saying “weakness” persisted through the third quarter.
Danish firm Maersk Drilling said today that Dana Petroleum Denmark had terminated a rig deal between the two firms.
Marubeni Corp. could all but exit the UK North Sea as it looks to sell its main oil and gas fields in the region, according to people with knowledge of the matter.
Hurricane Energy’s chief executive said today that the firm is currently “engaging with stakeholders” on funding for the further development of its Lancaster field.
Bosses at Three60 Energy are targeting significant financial growth and a recruitment drive across the global energy service group.
An Austrian chain maker whose history can be traced back to the 15th century has invested an undisclosed sum in Load Monitoring Systems (LMS), of Aberdeen.
EnQuest has launched a legal claim against BP worth nearly £26 million for allegedly failing to pay invoices relating to Sullom Voe Terminal in Shetland.
Spirit Energy will drill a new well in a bid to deliver more than 4.2 million additional barrels of oil equivalent from a southern North Sea field.
A Bafta-award winning filmmaker is creating a new documentary on how the 1970s oil boom transformed the fate of a small village in the Highlands.
An oil and gas market researcher has highlighted a UK North Sea exploration well expected to be drilled this year by Shell as “one to watch”.
A new project aimed at unravelling the changes to biodiversity caused by man-made structures in the North Sea has been launched.
Industry body OGUK has announced today that its Diversity & Inclusion Task Group will deliver a free online event on January 18 exploring mental health.
Shell is planning 330 job cuts from its UK oil and gas business, the majority in Aberdeen, as part of its global restructuring.
The remains of the Buchan Alpha oil platform have now been broken down and sent for recycling, completing the final stage of the long-running project.
Neptune Energy has handed out contracts worth about £4.8 million to secure a range of services on its Cygnus gas platform in the southern North Sea.
This year is shaping up to be an exciting period for mergers and acquisitions (M&As) in the oil and gas industry, according to Aberdeen-based energy finance expert Mike Beveridge.