Church to stop investing in firms not tackling climate change
The Church of England has voted to pull investment from firms that are not on track to meet the provisions of the Paris Agreement on climate change by 2023.
Oil & Gas
Remarkable progress on North Sea safety, pilot says
A retired North Sea test pilot says “remarkable” progress has been made in helicopter safety.
North Sea decommissioning rules need a re-think, academics say
Rules obliging oil companies to remove rigs from the sea should be “temporarily suspended” so that more research can be conducted, academics said.
Airbus not expecting any surge of oil and gas industry interest
Airbus Helicopters chief executive Bruno Even said yesterday the aircraft manufacturer was not expecting a major recovery in demand from the offshore energy industry despite higher oil prices.
Driller wins $622 million arbitration award
An international tribunal has determined that Petrobras, Brazil's state-run oil company, is liable to pay $622 million to settle a contractual dispute with a deepwater drilling contractor operating out of Houston.
Dundee’s Pacson Valves back in the black
A Dundee specialist manufacturer of offshore valves for the oil industry has moved back into the black despite tough trading conditions.
Rig counts rise by 5 in US
Rig counts in the U.S. rose by five last week, the Houston energy services company Baker Hughes reported.
Fears surface about oil spike above $150
Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented crude price spike, according to Sanford C. Bernstein & Co.
Spirit Energy to take over Babbage operatorship
Spirit Energy has agreed to take over as operator of the Babbage field and the nearby Cobra discovery in the North Sea.
Prosafe gets $25m-plus gig for Safe Scandinavia
Vessel contractor Prosafe will get paid at least $25.5 million for deploying the Safe Scandinavia floatel at the Ula platform in the Norwegian North Sea.
Tory Party backer increases stake in Cluff
Entrepreneur and philanthropist Michael Spencer has increased his stake in North Sea oil firm Cluff Natural Resources.
Exclusive: Serica Energy announces Aberdeen office location
Oil firm Serica Energy has revealed that it will move into the H1 building at the Hill of Rubislaw complex in Aberdeen next month.
Updated: Unite sets dates for strikes on Total’s North Sea rigs
Offshore trade union Unite has announced that strikes will go ahead on three of French oil giant Total's North Sea rigs in a dispute over pay and working hours.
Rolls-Royce agrees to sell commercial marine business to Kongsberg for £500m
Rolls-Royce has agreed to sell its loss-making commercial marine business to Norwegian firm Kongsberg for an enterprise value of £500 million.
Dispute over responsibility for Norway Super Puma crash
A Super Puma helicopter crash which led to 13 deaths in Norway in 2016 was “unpreventable”, despite similarities with a fatal accident near Peterhead seven years earlier, the manufacturers said yesterday.
Rubberatkins to hire 12 in Aberdeen as expansion drive kicks into gear
Expansion is on the cards for an Aberdeen rubber maker as the oil industry shows signs of emerging from several “awful” years.
Hurricane wraps up Lancaster well completion job
Hurricane Energy said today that it had moved a step closer to first oil from the Lancaster field, west of Shetland.
Updated: In a world first, Japan to test AUV in Fort William
Underwater technology is to be tested in Lochaber after the signing of an agreement with a major Japanese company.
Rotech marks 500th job
An Aberdeen-based subsea technology firm is celebrating a double milestone after completing its 500th project in its 25th year.
Subsea 7 celebrates build milestone and announces vessel name
Work has started in Rotterdam, in the Netherlands, on a new reel-lay vessel for global energy service company Subsea 7.
Airbus ‘fully responsible’ for Norway Super Puma accident
A union boss said today that helicopter maker Airbus was "fully responsible" for a fatal Super Puma crash in 2016.
Copter crash report strengthens case for public inquiry, MSP says
A north-east politician said today that a report into a fatal Super Puma crash had strengthened the case for a public inquiry into offshore helicopter transport.
Culzean North Sea gas field to welcome huge parts shipment
Maersk Oil’s Culzean gas condensate field is to receive a huge shipment of two bridge sections weighing almost 2,000 tonnes.
Airbus says Norway copter crash not preventable, despite similarities with fatal Peterhead accident
Helicopter maker Airbus said today it could not have prevented a fatal Super Puma crash in Norway two years ago despite similarities with an accident which killed 16 people near Peterhead in 2009.
Offshore fatalities down but fatal incidents up, IOGP report finds
The latest safety report from the International Association of Oil and Gas Producers (IOGP) has announced a 36% drop in fatal accidents offshore, yet also found a slight increase in incidents resulting in fatalities for 2017.