Petrofac falls to loss on Covid impact, sets new gender and net zero targets
Petrofac has set new targets to reduce its emissions and increase the percentage of women in its senior roles within the decade.
Oil & Gas
Investigation after 55-tonne gas leak at Apache Beryl platform
Safety concerns have been raised after figures revealed a 55-tonne gas leak at the Apache Beryl Alpha platform in the North Sea.
Installations placed on ‘alert’ after Greenpeace ship spotted in North Sea
Workers on a number of installations in the northern North Sea have been told to stay alert after a Greenpeace ship was spotted in the area.
Mauritius oil spill clean up continues as liability is probed
The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident.
Occidental posts $6.6billion charge after oil price crash
Occidental Petroleum Corp. reported a $6.6 billion writedown in the second quarter, equivalent to more than 40% of its market value, as the collapse in energy prices took its toll on the debt-laden U.S. shale oil producer.
Energy Institute: Where does oil and gas fit a net zero world?
In this month's issue of Petroleum Review, the Energy Institute (EI) examines the transition towards net zero through the eyes of energy professionals, with a particular focus on the oil and gas sector.
Covid-related job losses approaching 100,000 in US oilfield services sector
Job losses related to the coronavirus pandemic are approaching the 100,000 mark for US oilfield services companies as layoffs continued to mount in July.
Joint venture between Petrofac and SOCAR secures £77m contract with BP Azerbaijan
A joint venture between UK-headquarterd energy services firm Petrofac and Azerbaijan’s state oil company has secured a £77 million contract with BP Azerbaijan.
Aberdeen Harbour hands out £4.3m contracts for expansion project
Aberdeen Harbour has awards £4.3million worth of contracts for the South Harbour construction project.
CPTDC wins compressor work from Orca
China Petroleum and Technology Development Co. (CPTDC) has won work to provide natural gas compressors to Orca Energy in southern Tanzania.
Mauritius struggles to contain oil spill
Mauritius has declared a state of emergency in response to a worsening oil spill offshore and is seeking international assistance.
Borr Drilling appoints Patrick Schorn as new chief executive
Borr Drilling has appointed Patrick Schorn as its new chief executive officer, succeeding Svend Anton Maier who will remain with the company as a special adviser.
Zenith loses Tilapia licence
Zenith Energy is no longer the operator of the Tilapia licence in Congo Brazzaville, the company has said.
Equinor appoints Anders Opedal as new CEO
Equinor has appointed insider Anders Opedal as its new CEO, replacing Eldar Saetre who is to retire after 40 years in the Norwegian energy company.
Aramco feels the squeeze
No company has been immune from the headwinds facing the global oil industry, even Saudi Aramco.
Updated: Weatherford laid off 130 Aberdeen workers in first half
Oilfield service firm Weatherford has said it made 130 employees redundant in Aberdeen in the first half of 2020 in an effort to get a grip on its costs.
Investment decision delayed on west of Shetland gas project, Ineos says
Total has put off making a final investment decision (FID) on its Glendronach gas discovery until next year, project partner Ineos has said.
Pair ‘stranded’ on Cromarty Firth oil rig rescued by RNLI – video
An RNLI crew was called out to rescue two people who became “stranded” on the anchor chain of a Cromarty Firth oil rig on Friday evening.
Turkey resumes East Med exploration
Turkey has issued a new navigational warning – navtex – on waters also claimed by Greece.
Reabold abandons takeover bid for Deltic Energy
Reabold Resources has abandoned its takeover bid for Deltic Energy, formerly known as Cluff Natural Resources.
Curlew – a decom object lesson
I’m baffled by the Curlew decommissioning saga that will now see the life-expired FPSO be dismantled in Norway rather than via the original arrangement whereby it was to be prepped in Dundee prior to being towed to Turkey for chopping up.
FlyLogix soaring ahead
The executive chairman of unmanned aerial vehicle firm FlyLogix said it is “very fortunate” to have enjoyed success in recent months despite the Covid-19 pandemic.
Garrick Group snaps up north-east drilling repair company MRDS
North-east drilling repair company MRDS has been acquired by an Aberdeen based investment firm for an undisclosed amount.
Quality assets to drive activity
Anderson Anderson and Brown Corporate Finance is delighted to share with you our quarterly Deals+ update for Q2 2020 in conjunction with Energy Voice, highlighting selected oil and gas mergers and acquisitions and fundraising transactions across the UK
Ineos North Sea bosses optimistic despite profits plunge
Bosses at Ineos’ North Sea oil and gas business have vowed to keep “pursuing growth opportunities” despite a 95% profits plunge in 2019.