Capricorn announces merger with NewMed Energy, ditching Tullow
Capricorn Energy (LON: CNE) has ditched a tie-up with Tullow Oil (LON: TLW), instead unveiling a merger with NewMed Energy (TLV: NWMD).
Oil & Gas
Aberdeen energy storage firm rebrands ahead of growth drive
Pier Solutions, formerly Dynamix Modular, is aiming for a 20% expansion in the next 12 months, creating new jobs in Aberdeen.
Petrofac workers balloted over pay dispute
Petrofac workers are being balloted for industrial action in a dispute over pay, Unite Scotland has confirmed.
Nord Stream gas pipes now have four leaks with another found
A new leak has been discovered on the Nord Stream 1 and 2 gas pipelines in the Baltic Sea, bringing the total number of ruptures to four, according to the Swedish Coast Guard’s Command Center.
OEUK engaging on security after overseas pipeline sabotage and drone sightings
Offshore Energies UK (OEUK) is in engaging on security with government bodies amid heightening political tensions in Europe.
Nominations open for Offshore Achievement Awards 2023
Nominations for next year's Offshore Achievement Awards are now open, with new a new lineup to bring greater recognition to the industry.
TotalEnergies CEO doubles down on renewables amid a global energy crisis
TotalEnergies chief executive Patrick Pouyanne is bullish on pushing his company into renewable energy even as the Russian invasion of Ukraine shakes up the global energy market.
PNG offers gas investment priority to Japan for energy security
Papua New Guinea (PNG) offered Japanese companies favoured access to new gas field development opportunities and liquefied natural gas (LNG) processing projects in trade talks that focused on energy security, PNG Prime Minister James Marape said, reported Reuters.
Keppel wins another Petrobras FPSO deal worth $2.8bn
Keppel Offshore & Marine's (Keppel O&M's) subsidiary, Keppel Shipyard, has won a tender from Brazil’s national oil company, Petrobras, to carry out the engineering, procurement and construction (EPC) of P-83, a floating production, storage and offloading vessel (FPSO), in a deal worth about US$2.8 billion.
TotalEnergies plans out new Angola hub for 2023
TotalEnergies plans to continue pressing ahead with short-cycle projects in Angola but also add a new hub on the Cameia-Golfhino finds.
Aberdeenshire-based STATS Group appoints new director
Kintore-based pipeline technology specialist STATS Group has appointed Ross Wallace to the position of finance director, after 11 years with the company.
Saudi oil driller’s IPO covered within hours in bearish market
Arabian Drilling Co., a Saudi Arabian oilfield-services company partly owned by Schlumberger NV, took only hours to garner enough investor orders to fully cover an initial public offering that could raise as much as 2.67 billion riyals ($710 million).
Reabold to buy SNS-focused Simwell for £1m
Reabold Resources has announced a conditional offer to acquire Simwell Resources, a privately held explorer with several licences across the southern North Sea.
Activists to dress up as bosses of Shell, BP, Gazprom in protest against energy bills rise
Demonstrators are planning to dress up as the bosses of Shell, BP and Gazprom this weekend in protest against the energy price cap rise.
Nigeria launches upstream probe to tackle production problems
Nigeria’s upstream regulator is launching an investigation into the country’s production woes, saying there is more than just oil theft to blame.
Operators urged to be vigilant after drones spotted near North Sea platforms
Norway’s offshore watchdog has urged “increased vigilance” after unidentified drones were spotted near North Sea platforms.
Saipem wins major Baleine contracts, targeting 2023 start
Eni and Petroci have awarded two contracts for work in Cote d’Ivoire to Saipem, worth around 1 billion euros ($956 million).
Offshore Europe looks to accelerate transition at half-century event
SPE Offshore Europe has launched a call for papers for its 2023 event, celebrating 50 years since the first conference was held at Aberdeen University in 1973.
13 jobs either gone or on the brink after Peterhead offshore supply chain firm goes bust
A 30-year-old Peterhead shotblasting firm has gone bust, with most of the jobs among a 13-strong workforce axed.
Aberdeen-headquartered i3 Energy shuffles top team
North Sea operator i3 Energy (AIM: I3E) (TSX: ITE) has announced a change to its top brass.
Wood bags $350m contract to service BP assets
Aberdeen-headquartered Wood (LON: WG) has won a multi-region engineering services contract by support BP (LON: BP).
Shell and Exxon launch sale of UK Southern North Sea assets, Reuters reports
Supermajors Shell (LON: SHEL) and ExxonMobil (NYSE: XOM) are seeking to offload a large package of North Sea assets.
Uganda warns off “insufferable” Europe, plans licence round
Uganda’s government struck a defiant tone at an oil conference in Kampala, warning Europe to focus on its own problems and setting out plans for a new licensing round.
Taqa share of decommissioning Brae Area up $352m after Fujairah default
Taqa’s share of the decommissioning bill for the Greater Brae Area (GBA) has increased by more than $350 million after a licence partner defaulted on its liability.
Just 40m barrels added to North Sea reserves last year as FDPs slow
UK oil and gas reserves declined again in 2021 as new developments failed to offset production of nearly 500 million barrels, according to new figures from the North Sea Transition Authority (NSTA).