OGA chairman sets November targets for North Sea on climate emergency
The chairman of the Oil and Gas Authority (OGA) has set out four targets for the North Sea industry to meet before a major climate conference comes to Scotland in November.
Oil & Gas
Chevron North Sea remnant moving into new Aberdeen office
US oil major Chevron plans to relocate its remaining Aberdeen employees to a prominent Granite City office block.
Oil downturn brings end to North Sea Bird Club after 40 years
The effects of the oil downturn have brought the end to a 40-year-old scheme to record sightings of birds and marine life in the North Sea.
Trauma specialist who offered psychological help in Piper Alpha aftermath dies aged 76
It was 10 years after the Piper Alpha disaster that Professor David Alexander carried out an extensive study into the psychological effects of the tragedy on those who survived it.
Big name on board for M&A business breakfast
One of the north-east’s top deal makers will address the future of the region’s mergers and acquisitions market at a P&J event next month.
Mozambique’s Nyusi starts anew as terror threatens LNG boom
Mozambican President Filipe Nyusi was sworn in for a second term Wednesday, three months after his landslide election victory.
US Gulf Coast oil expansion will generate half a billion annual tonnes of emissions
More than half a billion tons of additional greenhouse gas emissions per year — equivalent to 8 percent of total U.S. emissions — may be generated by new oil, gas and petrochemical facilities in Texas and Louisiana, University of Texas researchers estimate.
Premier in court date with opponent to acquisition, debt extension plans
Premier Oil and its biggest creditor were going head-to-head in court yesterday over the firm’s intention to extend its debts and acquire North Sea assets.
Trafigura invests in Malian sunshine
Trafigura has made its first investment in solar power in Africa, via PASH Global, buying a stake in a Malian project.
Petrobras finally out of Africa
Petrobras has concluded the sale of its 50% stake in Petrobras Oil & Gas BV (POGBV), through which it held stakes in Nigeria’s Egina and Agbami fields.
Hopes for Libyan peace shift to Berlin
The Russian-Turkish ceasefire talks for Libya fell apart on the opposition of General Khalifa Haftar on January 13, with the head of the Libyan National Army (LNA) walking away from meetings in Moscow.
BW Energy plans Oslo IPO this quarter
BW Offshore intends to hold an IPO of its BW Energy unit, which is producing oil in Gabon, in the first quarter of 2020 on the Oslo Stock Exchange.
Tullow takes write down on lower for longer prices
Tullow expects to report pre-tax impairments and exploration write-offs of around $1.5 billion for 2019, as a result of a lower oil price forecast and a reduction in 2P reserves at the TEN project, offshore Ghana.
Peak Permian oil output is closer than you think, investor says
Such is the extent of the shakeout in the U.S. shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest, according to one energy investor.
Exclusive: Centrifuges Un-Limited bought by family behind Ferguson Group
Aberdonian entrepreneur Jim Shiach has sold oilfield services company Centrifuges Un-Limited to the family that previously owned supply chain giant Ferguson Group.
Addleshaw Goddard looks to IR35 reforms with new legal director
Addleshaw Goddard is strengthening its Aberdeen team with the appointment of a new legal director.
Coral Sul hull hits the water
The hull of the Coral Sul floating LNG (FLNG) has been launched at a ceremony in Geoje, in South Korea, on schedule.
Senegal sets out bid round timetable
Senegal is officially launching its licence round on January 31, with applications required to be in by July 31.
Sudan oil stops as NISS protests
Gunfire broke out in Khartoum today as former intelligence officers took to the streets to protest the loss of their jobs.
Total shifting ‘finance hub’ to Paris from London ‘due to Brexit’
The boss of French oil giant Total has said moving the company's financial hub out of London to Paris due to Brexit is "a logical decision".
Extra time for Arsenal acquisition as Dangote faces refinery delays
Africa’s richest man Aliko Dangote is considering following the completion of the continent’s largest refinery with the acquisition of north London football club Arsenal.
Equinor bags almost two dozen new Norwegian production licences
Energy giant Equinor has announced it has snapped up almost two dozen new production licenses in the Norwegian Continental Shelf.
Swell of offshore project approvals brings ‘new investment cycle’ – Rystad
A swell of offshore project approvals means a “new investment cycle is in the making”, according to analysts.
Faroe deal boosts DNO production
DNO’s hostile takeover of Faroe Petroleum a year ago boosted the Norwegian oil firm’s North Sea production by 17,400 barrels per day (bpd) in 2019.
Maersk Drilling lines up record-breaking well for Total
Total has awarded contracts to Maersk Drilling for three wells, in Angola and Namibia, using the seventh-generation Maersk Voyager drillship.