‘American-style’ hardball approach rising in North Sea firms, lawyer claims
An American-style hardball approach to contracts and working conditions is rising among North Sea firms, according to a top employment lawyer.
Oil & Gas
Companies branching out for central belt work
When you think about the energy sector in Scotland your mind instinctively stirs up images of North Sea oil rigs and the ports of the country’s most north-easterly corner.
Gulfstream Services International targets Eastern Hemisphere growth with new appointment
Gulfstream Services International (GSI), an offshore equipment and engineered solutions provider, has announced the appointment of Gordon Blackwood as Business Development Director.
Saudi Aramco raises $25.6 billion in world’s biggest IPO
Saudi Aramco raised $25.6 billion from the world’s biggest initial public offering, closing a deal that became synonymous with the kingdom’s controversial crown prince and his plans to reshape the nation.
AFC backs mini refining plan in Guinea
Africa Finance Corp. (AFC) has agreed to act as a co-developer of a small refining project in Guinea, via a joint development agreement with Brahms Oil Refineries.
DOF Subsea in talks over refinancing deal
Offshore energy service firm DOF Subsea is working out a “long-term financing solution” with its lenders.
Shell wins ruling blocking enforcement of Nigerian spill case
Royal Dutch Shell Plc won a ruling preventing London courts from enforcing a $516 million Nigerian judgment for damages caused by an oil spill almost five decades ago.
Nigeria yet to make contact with pirates holding oil tanker crew
Nigerian security forces have mounted an intensive search for pirates who raided an oil super tanker off it’s coast and seized 19 crew members but have so far not made any contact with the hostage takers, the West African country’s maritime agency said.
IOC sets out the Indian advantage
When Indian Oil Corp. (IOC) was launched it focused on the downstream and has subsequently expanded into the upstream, while also moving into petrochemicals.
19 kidnapped from VLCC off Nigeria
A VLCC offshore Nigeria has been attacked and 19 crewmembers seized. This appears to be the first time such a ship has been targeted in this region.
Omani bid round falls foul of shift away from wildcat E&P
News last week that Russian firm Zarubezhneft was being considered for the development of an offshore oil concession in Oman brought into sharp focus the lack of update provided since the country’s 2019 bid round closed in May.
Tension as North Sea firms grapple with IR35 rules
Tensions over new tax changes to offshore contractors arose yesterday as Cnooc International became one of the first North Sea firms to roll out its new off-payroll working rules.
Aberdeen energy recruitment firm ‘forced into administration’
An Aberdeen energy recruitment firm has announced it has been forced into administration after it was unable to recover fees due from a major client.
Plug and abandonment business ‘expected’ loss
A fledgling plug and abandonment firm which recently received a £66 million investment has said it “expected” its £2.7m loss.
Decommissioning market report pinpoints international opportunities
DecomWorld – subsidiary of Reuters Events- today announced the release their 2020 Decommissioning Market Report and International Supply-Chain Decommissioning Roadmap.
Supply chain struggles persist, but LR energy chief sees reasons for encouragement
During my recent interview with David Clark, global energy director at Lloyd’s Register (LR), one adjective cropped up repeatedly – “encouraging”.
Adipec highlights role of technology
Adipec 2019 was the 35th year of the conference, highlighting what progress Adnoc and the local industry has made – and the next phase of expansion plans.
Gabon shuffles cabinet amid corruption purge
The Gabonese cabinet has been reshuffled with allegations of corruption levelled at some of those now removed, including Noël Mboumba, who had held the position of Minister of Mines, Petroleum, Hydrocarbons and Gas.
Shell claims court victory over Greenpeace in North Sea protest ban
Shell has won a court order preventing environmentalists from boarding unmanned North Sea installations.
Motive Offshore acquires Stavanger’s Pumptech in seven-figure deal
Aberdeenshire-headquartered Motive Offshore Group has acquired a Norwegian subsea services firm in a seven-figure deal.
BP boss confirms green power plans for North Sea platforms
Energy giant BP has confirmed it is studying the potential to power North Sea platforms with green electricity in a bid to cut carbon emissions.
BP to make decision next year on Sullom Voe terminal
BP expects to make a “properly assessed decision” next year on whether to keep exporting oil to Shetland’s Sullom Voe terminal.
‘There was a pretty candid conversation with Greenpeace’ – BP boss on North Sea protests
BP’s North Sea boss has said Greenpeace activists told him they targeted the company because they believed BP “can actually make a difference” on climate change.
Equinor North Sea assets investigated over major incidents
Equinor's North Sea assets are being investigated by the Petroleum Safety Authority Norway (PSA) following two major incidents.
EnQuest awarded Malaysian oil block with Petronas
Oil firm Enquest has announced the award of a production block off the coast of Malaysia.