Babcock International has reported a 40% drop in profits largely due to a major restructuring of its oil and gas helicopter business.
Pope Francis, cigarettes, elephants and caribou all figured in the arguments as investors ramped up environmental pressure on energy giant BP at its first annual general meeting (AGM) in Aberdeen yesterday.
SSE has announced it is “taking active steps” to sell off its North Sea gas production business as it focusses on renewable energy sources.
Climate change protestors were bundled out of energy giant BP’s annual general meeting in Aberdeen yesterday after getting into a scuffle with guards.
A push towards divesting MP pension pots away from oil and gas has been strongly criticiced by a north-east MP.
A "breakaway" group of drilling contractors looking to offer different terms to workers have been condemned by a trade union.
Despite a slow start to the year, US crude output is still expected to surge for the rest of 2019 and hit at least 13 million barrels daily by the end of 2019, a new report projects.
Shell's AGM in the Netherlands was targeted by environmental campaigners yesterday calling on energy firms to “shut down fossil power” and reduce their carbon emissions.
A prominent Dutch climate change activist accused BP of “ignoring the elephant in the room” at its annual general meeting in Aberdeen yesterday.
An Aberdeen predictive technology firm has appointed a leading psychologist to help address behavioural risks in the oil and gas sector.
Energy logistics firm Peterson has paid £3million for a giant marine fuel tank at its Aberdeen harbour base.
Aberdeen-based InterMoor, a member of subsea group Acteon, has announced a new deepwater deal with China Offshore Oil Engineering Company (Cooec), a subsidiary of China National Offshore Oil Corporation (Cnooc International).
Marathon Oil UK has been fined more than £1 million for safety failures after a pipe ruptured and leaked more than two tonnes of high pressure, high temperature methane gas on a North Sea platform four years ago.
Zennor Petroleum has reached a “key step” towards first production at its Finlaggan field in the North Sea.
Medium-sized oil companies are finding it more difficult to secure investment as fund managers’ attitudes to fossil fuels worsen, an industry stalwart said.
Climate change activists will take to the streets of Aberdeen today to protest against BP’s oil exploration and production plans.
Xodus Group, the Aberdeen-based energy consultancy, is now wholly-owned by Subsea 7 following an exit by Japanese investor Chiyoda Corporation.
Energy services firm NRG Well Management, of Aberdeen, said it was making a “step change in approach” to its offshore business as it unveiled a new director.
North Sea oil production is “struggling” and is due to hit its lowest point in five years, according to a new forecast.
Proposed strike action by North Sea pilots has been averted after union members voted to accept a pay deal.
Pakistan's ministry of petroleum has said authorities are ending offshore drilling off the Karachi coast in the Arabian Sea after no reservoirs of oil or gas were found.
Two north-east firms have cemented a partnership established at the turn of the century by extending it into the next decade.
The U.S. Geological Survey has confirmed that four low-magnitude earthquakes have taken place over the past two weeks in the Eagle Ford Shale of South Texas.
The Petroleum Safety Authority (PSA) has confirmed it has launched an investigation into a North Sea leak at the Statfjord field.
Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages.