Updated: Babcock takes £120m charge over mothballed Super Pumas
The end of EC225 Super Puma helicopters in the North Sea has resulted in Babcock taking a £120million charge as it reshapes its oil and gas business.
The end of EC225 Super Puma helicopters in the North Sea has resulted in Babcock taking a £120million charge as it reshapes its oil and gas business.
Orkney Council is facing a bill of up to £384,000 to clean up an oil spill caused by the navy decades ago at Lyness port.
Aberdeen-headquartered Faroe Petroleum has started drilling the Brasse East exploration well off the coast of Norway.
Ineos's planned acquisition of ConocoPhillips's UK North Sea portfolio would make it the fifth biggest producer in the basin, an analyst has said.
Dutch offshore construction firm Heerema Fabrication Group (HFG) will sell yards in the Netherlands and UK due to a tail off in activity.
Crunch talks between North Sea trade unions and the Offshore Contractors’ Association (OCA) have been cancelled.
A trade union has called on the UK Government to intervene amid fears that hundreds of seafarers’ jobs are under threat.
Oil slipped again on persistent fears that a surplus will re-emerge next year despite OPEC’s plans to cut production.
Major oil and gas firms and contractors will remobilise their fleets in an effort to "self-regulate" on dropped objects at sea, according to an industry safety regulator.
Unanswered legal questions on North Sea decommissioning, including the potential cost to the taxpayer, will be addressed at an industry event tomorrow.
Despite the stopover at the Spanish port of Algeciras several days ago for fuel bunkering and a crew change being extended to carry out power generation auxiliary system repairs, Hurricane Energy’s CEO, Dr Robert Trice says the production vessel Aoka Mizu should still be on station West of Shetland by Christmas.
The courageous efforts of a north-east helicopter winchman have been remembered on the 21st anniversary of his death.
The former chief executive of energy services firm Proserv has joined the board of Aberdeenshire subsea specialist Rovop.
There is a "big prize" for the north-east subsea sector if it can get greater government recognition and support, according to a subsea boss.
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.
Aberdeenshire-based Eland Oil and Gas has announced a £3 million share buyback programme.
Seventeen energy companies operating in West Texas' booming Permian Basin said they're pledging more than $100 million to help improve roads, schools, health care, housing and workforce training.
Russia's President Vladimir Putin and Turkish President Recep Tayyip Erdogan have marked the completion of a key phase of TurkStream, a natural gas pipeline connecting the two countries.
Petrochemicals giant Ineos is in talks to acquire ConocoPhillips's UK North Sea portfolio.
Engineering giant Babcock International has denied a report from a major news outlet that the firm will take a £100million impairment charge on its North Sea helicopter business.
Key industries such as oil and gas and higher education will be “challenged” by immigration issues arising from Brexit, according to an Aberdeen academic.
North Sea oil and gas entrepreneur Tom Cross had lots of reasons to cheer Parkmead Group’s latest results after a string of progress markers.
'More and more' North Sea operators are embracing cultural change in an effort to tackle problems, a subsea boss has said.
Oil shot back up following six weeks of losses as speculation of OPEC weighing bigger output cuts overshadowed signs of expanding American crude production.
OPEC has lost what control of the oil market it ever had. The actions (or tweets) of three men — Presidents Donald Trump and Vladimir Putin and Crown Prince Mohammed Bin Salman — will determine the course of oil prices in 2019 and beyond. But of course they each want different things.