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Other News

Co-operative Energy blames IT problems as it tops complaints list

11/11/2015

Co-operative Energy has blamed ongoing problems with its new IT system after it received the highest ratio of complaints in the third quarter. The energy supplier upgraded its computer systems in March, with many customers complaining of being locked out of their online account or not receiving their bills following the switch. And new figures from the energy ombudsman revealed Co-operative Energy received 136 complaints per 100,000 customers in the three months to September, 50% higher than any other supplier.

Other News

Oil worker sentenced in Saudi Arabia returns home to family in UK

11/11/2015

A British grandfather who was sentenced to a flogging for breaking Saudi Arabia’s strict anti-alcohol laws has been reunited with his family in the UK. Karl Andree, 74, was threatened with 350 lashes after he was caught with home-made wine in Jeddah. He was put on a plane to Britain on Tuesday night after being freed from a Saudi prison, where he had been locked up since August last year.

Other News

Noble Energy makes further job losses from its US operations

11/11/2015

Noble Energy is set to reduce its headcount by around 180 positions as it looks to downsize its workforce during the oil price decline. The company said the job losses – which include 60 in Texas – will be from their Houston headquarters as well as the Permian Basin and Eagle Ford area.

Other News

UK’s energy sustainability rating downgraded amid concerns over future supply

11/11/2015

The UK has seen its top rating for energy supplies downgraded in an international assessment, amid uncertainty over Government policy. The World Energy Council’s annual “trilemma” index, which looks at how 130 countries are meeting the triple challenge of ensuring secure, affordable and sustainable energy supplies, has revised the UK’s AAA rating of previous years to an AAB grade. The trilemma report said the UK’s ranking had slipped as electricity became comparatively more expensive, although its security of supplies and environmental performance remained stable.

Health & Safety

Fire at Daewoo shipbuilding yard leaves one dead and seven injured

10/11/2015

Police are investigating after a fire at a shipbuilding yard in South Korea has left one person dead and seven others injured. The incident happened at a shipyard owned by Daewoo Shipbuilding & Marine Engineering on Geoje Island earlier today. It is believed the fire broke out on an 85,000 LPG tankers where engineers had been carrying out welding work.

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Saudi Arabia to tackle global bond markets for first time amid low oil prices

10/11/2015

Saudi Arabia could soon tap into international bond markets for the first time, according to reports. The Financial Times said the move was a growing signal of the challenges the country faces as lower oil prices impact its public finances. Officials in the country said Saudi Arabia could increase its debt levels by up to 50% of GDP (Gross Domestic Product) within five years.

Other News

Petrobras and union workers fail to reach agreement

10/11/2015

An agreement between Brazil’s Petrobras and union workers has failed as staff call for the state-owned oil company to reverse budget cuts and cancel assets sales. The strike, which has been going on for a week, is already the biggest in 20 years in the country.

Health & Safety

BP hit with Skarv FPSO improvement notice

10/11/2015

Oil major BP has been issued with a notice from Norway’s safety body for violations related to operational risk on its Skarv FPSO (Floating Production Storage and Offloading vessel). The PSA (Petroleum Safety Authority) said non-conformities were identified in connection with risk management, fire water in the event of gas detection and man-machine interfaces.

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Chevron to make redundancies in neutral zone between Kuwait and Saudi Arabia

10/11/2015

Oil major Chevron is said to be considering whether to make 1,000 staff members who work in the neutral zone between Saudi Arabia and Kuwait redundant. According to the Wall Street Journal, a dispute between the countries has halted all work on oil fields for several months. The company has already reduced the number of petroleum-development rigs in the neutral zone.

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Study finds oil from BP spill could still be on sea floor

10/11/2015

A chemical used to help clean-up BP’s oil spill off the Gulf of Mexico may not have helped get rid of the slick caused by the 2010 incident. A study found half of the oil could still be on the sea floor even after a chemical dispersant called Corexit 9500 was applied in a bid to dissipate the oil. It was also used to try and help aid natural microbes in the water to eat the oil at a quicker rate.

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Shell opens landmark Quest CCS project in Canada

09/11/2015

Oil major Shell has opened a landmark new CCS (Carbon Capture and Storage) project in Canada. The new Quest facility at the Athabasca Oil Sands project is designed to capture, transport and store more than one million tonnes of carbon dioxide CO2 each year. The amount is equivalent to the emissions from an estimated 250,000 cars.

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INEOS strikes deal with ExxonMobil and Shell to supply US shale gas to Fife Ethylene Plant

09/11/2015

INEOS has struck a deal with ExxonMobil Chemical and Shell Chemicals Europe to supply ethane from US shale gas from Grangemouth to the Fife Ethylene Plant. The purchase agreement will be from the middle of 2017 and it is hoped access to this source will help complement supplies from North Sea natural gas fields. Geir Tuft, business director at INEOS O&P UK, said the deal was a “landmark agreement”.