Duguid exits the hotseat at EnerMech
EnerMech chief executive Doug Duguid is giving up the hotseat at the company he helped found more than a decade ago.
Oil & Gas
North Sea’s 2018 decom costs £400m lower than expected
North Sea decommissioning costs were £400million lower than expected in 2018, according to a new report from the Oil and Gas Authority (OGA).
North Sea producers adopting US shale philosophy
The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea.
UK market sending out ‘strong economic signals’ for more gas storage
Two years after the U.K.’s largest natural gas storage site slipped into retirement, demand for new places to keep the fuel is ratcheting up.
Brazil’s biggest port wants to ‘copy and paste’ Dundee decommissioning success
Executives from Brazil’s biggest port said they want to “copy and paste” Dundee’s decommissioning success on a visit to the city this week.
Malaysian firm Hibiscus clinches deal to buy Crown discovery
Malaysian firm Hibiscus Petroleum has struck a deal to acquire a North Sea discovery from two UK oil and gas businesses.
Hurricane still counting on Kerogen support despite share sale
Hurricane Energy yesterday insisted it had the “continued support” of Kerogen despite the private-equity firm selling about a quarter of its shares in the oil company.
Seadrill’s West Gemini drillship booked for Africa wells
Seadrill has secured a nine-well contract with three options, each for two wells, for the West Gemini in West Africa. Total contract value for the firm portion of the contract is expected to be approximately $84 million with commencement expected in early Q4 2019 and running through Q4 2020.
Xodus Group to buy Australian environmental support firm
Energy consultancy Xodus Group has agreed to buy Green Light Environmental, based in Perth, WA, as part of its plans to expand in the Asia Pacific region.
Aker Solutions in the mix for contracts worth £5bn
Norwegian energy services giant Aker Solutions said today that it was bidding for contracts worth about £5 billion.
EnerMech appoints new chief executive
Aberdeen-headquartered energy services firm EnerMech has appointed John Guy as its new chief executive.
Premier says new North Sea well imminent, keeps chipping away at debt
UK-headquartered Premier Oil said today that drilling of the Tolmount East appraisal well would start "imminently" in the southern North Sea.
Opex Group on the charge with new city centre HQ
Aberdeen-based Operational Excellence (OPEX) Group has moved into new West End headquarters after a jump in customers and headcount.
Augean targets further growth in North Sea decom market
Bosses at hazardous waste management company Augean said today that they are targeting further growth in the North Sea decommissioning market.
£4m up for grabs for Scottish decommissioning projects
Funding worth £4 million is up for grabs in a fresh attempt to boost Scotland’s share of North Sea decommissioning work.
VIDEO: Aberdeen Harbour carries out decommissioning work for Total field
Aberdeen Harbour Board has released a video of decommissioning work taking place for Total’s Leadon field in the North Sea.
Aberdeen firm lands 20 jobs in landmark wind farm deal
An Aberdeen-headquartered offshore services firm has created 20 jobs thanks to a deal with Swedish wind farm developer Vattenfall.
Climate activists hold protest outside BP meeting in Elgin
Climate change activists made their way to Elgin yesterday to protest as energy bosses met in the town.
Iran’s leader vows response to British ‘piracy’
Iran's top leader has said his country will retaliate over the seizure of an Iranian tanker by British authorities.
Oil activity begins to return to Gulf of Mexico after hurricane evacuations
Oil and gas activity is beginning to return to the Gulf of Mexico this week after Hurricane Barry swept through the region and up into Louisiana.
Turkey scoffs at EU sanctions and vows to keep drilling off Cyprus
Turkey rebuffed a set of punitive measures by the European Union and vowed to go ahead with its energy exploration in the eastern Mediterranean in a growing dispute with EU member Cyprus.
Keppel secures contracts worth £77m
Singapore-based rig builder Keppel has inked contracts worth £77m million for a newbuild dredger and the modification of a floating production, storage and offloading vessel (FPSO).
Production starts at 76m barrel field, Equinor says
Equinor today hailed production start-up from the 76 million barrel Trestakk subsea tieback project off Norway.
Equinor unveils £225m water injection plan for Gudrun
Equinor and partners will breathe new life into the Gudrun field offshore Norway by investing £225 million in water injection equipment.
Chrysaor makes ‘material impact’ on UK while other newcomers ‘look to exit’
Chrysaor is the only new private equity-backed firm to make a “material impact” on the UK North Sea, according to new analysis.