‘Dominance of S-92 risky for industry’
The “risky situation” of Sikorsky S-92 helicopters dominating oil and gas travel in Norway is not sustainable, according to an industry expert.
The “risky situation” of Sikorsky S-92 helicopters dominating oil and gas travel in Norway is not sustainable, according to an industry expert.
Oil exploration and production (E&P) firms that are trying to reduce the number of suppliers they deal with are taking a “schizophrenic” approach to business, a Norwegian investment expert said.
Unlike the common practice in the UK, licensees in the Norwegian continental shelf (NCS) do not routinely provide or have the benefit of security for the cost of decommissioning the facilities and installations used to extract oil and gas.
The marine construction business remains a “tough place to work” due to the lag time between projects being sanctioned and work getting started offshore, an industry expert has said.
Aberdeen-based Stena Drilling has announced that it has signed a deal with French oil giant Total to drill one well at the west of Shetland Laggan field.
The Petroleum Safety Authority Norway (PSA) has announced it will investigate Aker BP over a walkway incident that occured on the Tambar platform.
North Sea operator Canadian Natural Resources (CNR) International (UK) has confirmed production was shutdown on its Ninian Central platform on Sunday due to a hydrocarbon release.
Energy services giant TechnipFMC has won a contract worth between £388million and £777m in Vietnam.
A surge in oil demand in India could lead to long-term trade with Europe, according to analysts WoodMackenzie.
Back in 2015, Royal Dutch Shell Plc and BP Plc cast doubt over the future of aging oil fields offshore Norway. A crash in crude prices and high operating costs threatened to shut them early, leaving millions of barrels in the ground.
Oil production efficiency firm Enpro Subsea has announced a new non-executive director has joined the board of the Westhill-based company.
Lundin Petroleum subsidiary, Lundin Norway AS, has announced increased oil volumes from the successful completion of an appraisal well at the Rolvsnes discovery.
Oslo-listed DNO has withdrawn a request for a meeting to gain seats on Aberdeen-based Faroe Petroleum’s board, criticising the firm’s “increasingly hostile response”.
An offshore worker who planned to sell fake watches to his colleagues was apprehended mere minutes before boarding a helicopter to his North Sea platform.
Petrofac’s exit from the North Sea Greater Stella Area (GSA) will allow it to refocus on its core business, according to analysts Westwood Energy.
A new biennial event aimed at driving radical digital and technological transformation across the offshore oil and gas industry will launch in Aberdeen next month.
“O wad pow’r the giftie gie us, to see ourselves as ithers see us” – one of Robert Burns’ most well-known phrases offers insight to the UK’s oil and gas industry. To say it has changed in the last three years is a stretch to the farthest realms of understatement.
The Press and Journal Energy Snow Ball makes a keenly anticipated return to the Aberdeen business calendar later this year and the 2018 edition is shaping up to be even bigger and better than last year’s inaugural event.
The future for the North Sea oil and gas industry is bright and exciting.
The global economic landscape is constantly changing.
Francis Tay feels cheated.
Aberdeen company RigQuip is pressing ahead with enforcing an employment clause through the courts in a case which highlights how jumping ship from one firm to a rival can be a risky move.
A report on workforce for the oil and gas sector underlines the need for a new strategy to deal with the required skills needed for the sector.
Maersk Drilling has appointed a new chief financial officer to help oversee its plans to break from parent company AP Moller-Maersk.
Norway’s $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.