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Other News

Falling oil price pays at the pump

27/08/2015

Motorists hoping to get away for the Bank Holiday will be given a boost as fuel prices are being slashed ahead of the weekend. Supermarket Morrisons has launched a potential price war by announcing that it will be cutting the cost of unleaded by 2p per litre, and diesel by 1p per litre from Thursday morning. The move is the second time this week that fuel prices have been cut, and means that unleaded will be 18p per litre cheaper than is was at last year’s August Bank Holiday.

Health & Safety

Oil company pleads guilty to breaching safe workplace duties after death of workers

27/08/2015

An oil company has pleaded guilty to breaching its duty to provide a safe workplace after the death of two workers on a rig. Stena Drilling Australia is expected to be sentenced next month after entering the plea at a Magistrates Court in Victoria. It followed the deaths of floorman Peter Meddens and toolpusher Barry Denholm who had been working on the Stena Clyde mobile offshore drilling unit.

People

Liberia’s cash-strapped state oil company to slash staff in revamp

26/08/2015

Cash-strapped National Oil Company of Liberia (NOCAL) will slash its work force by over two-thirds and its board of directors will be replaced as it grapples with a fall in the price of oil, the country's president said on Tuesday. The West African country does not produce any oil or natural gas but has placed its hopes in potential reserves offshore in deep and ultra-deep waters, following the example of Gulf of Guinea neighbours Ghana and Nigeria, Africa's biggest producer. But Liberia has been hit hard by a rapid decline in world oil prices that has led many companies to reassess their exploration strategies.

Other News

Oil downturn hits harder as Aberdeen bookings plunge

26/08/2015

New research has produced fresh evidence of a sharp fall in Aberdeen hotel room rates and occupancy levels. The monthly LJ Forecaster Scottish Intercity Report from tourism market research specialist LJ Research, tracking city centre hotel business in July, showed a positive performance in Edinburgh, an expected decline in Glasgow a year on from the Commonwealth Games and sustained losses in the Granite City. It is the latest data to highlight the negative impact of the oil and gas downturn on hotels in Europe’s energy capital after similar findings from business advisory firms AlixPartners and BDO.

Other News

Plans to expand Aberdeen oil HQ shows confidence

25/08/2015

Plans to expand a major oil and gas office complex in Aberdeen have been hailed as evidence that the city is “here to stay” as a global centre of expertise. A planning application has been lodged to create a 20,000sq ft extension at Chevron House, part of the Hill of Rubislaw business park that is the UK home to oil giants Chevron, Marathon Oil and Conocophillips. The development has emerged at a time when thousands of North Sea jobs have been lost or thrown into doubt as a result of the global oil industry downturn. Maeve Callery, vice-president of commercial development at the site’s owners, the Talisker Corporation, said: “We have been active in the Aberdeen market for nearly 30 years, including the development of Chevron House and the proposed R7 development across the road.

Other News

Construction workers at Chevron LNG project vote to strike

25/08/2015

Construction workers on Chevron’s Gorgon LNG project in Western Australia have voted in favour of taking industrial actions over roster concerns. According to reports, more than 1,000 employees – who are employed by contractor Chicago Bridge and Iron – want to change the current rota from 26 days on and nine off. Instead, staff are calling for more ‘family-friendly’ shifts with 20 days on, with 10 off.

Other News

Bmi Regional sees bookings jump for Offshore Europe week

25/08/2015

Airline Bmi Regional reports a surge in bookings on its Aberdeen routes as the city prepares to host Offshore Europe (OE) 2015 from September 8-11. The carrier, which has its headquarters functions split between Aberdeen and East Midlands Airport, said yesterday it had seen a 25% increase in sales for its Oslo, Esbjerg, Norwich and Bristol routes into Aberdeen for the week of the big oil and gas industry exhibition and conference.

Other News

British oil worker held hostage in Yemen freed in UAE operation

24/08/2015

A Briton held hostage in Yemen for around 18 months is reportedly set to return to the UK after being freed. The man, named by the United Arab Emirate’s state news agency as Robert Douglas Semple, 64, was released in a military intelligence operation by the Middle Eastern country’s forces. He had reportedly been working as an engineer when he was kidnapped in February last year by al Qaida.

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