EXCLUSIVE: Total insists case for changing rotas is strong, says it plans to recruit offshore
Oil firm Total has insisted in an internal memo that its case for changing North Sea workers’ shift patterns is “strong”.
Market lifted as OPEC meeting signals a surge in oil price
London’s blue-chip index was lifted on Friday as oil-related stocks were helped by the outcome of a key meeting of the Organisation of Petroleum Exporting Countries (Opec).
Workers vote for strike action at Shetland Gas Plant
A group of workers at a major gas plant in Shetland have voted overwhelmingly in favour of strike action in a dispute over rotas.
OPEC decision: how much more oil will this bring the market?
OPEC have agreed to keep the current total limit, but will now attempt to comply with it. Oddly enough, low compliance with cuts has been from members and non-OPEC signatories to the cuts producing too little rather than too much. This has not come about through want to of trying, but because some signatories (most notably Venezuela) have been unable to reach their quotas. Clearly the only way 100% compliance with the total can be achieved when some countries cannot pump any more, is by those with spare capacity doing the job for them. The UAE oil minister, Suhail Al Mazrouei who did the talking, was asked repeatedly in the press conference about how the allocation would work. He always gave the same answer - the Joint Ministerial Monitoring Committee (JMMC - a committee formed of OPEC and non-OPEC members to monitor the implementation of cuts) will figure it out. As yet there is no plan as to how the limits will be reallocated. Presumably we will need to wait until the JMMC has met to agree on this.
WATCH: ‘It’s truly a monster’, DEA boss says of Saipem module lift
Watch as the huge H25 module is lifted on board, performed the huge "monster" Saipem 7000.
Opec production boost just a ‘token gesture’ says analyst
Opec’s announcement of a 1million barrel production boost is just a “token gesture”, according to analysts Cantor Fitzgerald.
Opec agrees 1million barrel output hike
Opec has agreed to increase global oil production by nearly 1million barrels per day.
Orsted awarded 920MW Taiwanese dream
Wind developer Orsted has announced today that it has been awarded 920 megawatts (MW) as part of Taiwan's first offshore wind auction.
OPEC chiefs weighing 1m barrel output hike to ease energy costs
The countries of the Opec oil cartel are discussing increasing production by about a million barrels a day at a meeting that could influence the cost of energy globally in coming months.
A third of energy workers believe wellbeing ‘at risk’, report finds
A new report has found that almost a third (30%) of energy staff feel their wellbeing is "at risk" by working outside regular working hours.
Asda makes cut to fuel prices
Asda has cut its fuel prices amid a fall in wholesale costs.
BP aiming to lease LNG tanker amid rising day rates
BP Shipping is aiming to lease out its Liquefied Natural Gas (LNG) tanker British Ruby, according to a news report.
Equinor cleared for ‘Intrepid Eagle’ exploration
Energy giant Equinor has been granted consent by the Petroleum Safety Authority Norway for the exploration of the "Intrepid Eagle" prospect.
Aker BP granted consent for Jette facility removal
Oil exploration firm Aker BP has received consent from Petroleum Safety Authority Norway for the removal of the facilities on the Jette field in the central North Sea.
Offshore industry needs the ‘guts’ to talk about mental health, says former soldier
A former soldier who developed post-traumatic stress disorder (PTSD) has said the offshore sector needs to have the “guts” to talk about mental health.
BP has ‘no plans’ to invest in Scottish renewables market
Oil giant BP has “no plans” to invest in renewables in Scotland, an energy chief said last night.
Brutally competitive market will keep rates low as lines blur between operators and suppliers
The oil and gas supply chain is likely to have to keep a lid on its rates for another couple of years as the market remains “brutally competitive”, an analyst has said.
Moray Offshore Windfarm substations approved
Councillors have approved plans to build two substations in the north-east as part of an offshore wind farm.
BP pulls plug on £980m Australia petrol station purchase
BP has decided to back out of the £978 million (USD $1.3 billion) acquisition of Woolworths' retail business in Australia.
Plans unveiled for major upgrade to Peterhead Power Station
Plans have been unveiled for a major upgrade of a north-east power plant.
Oil ministers back raising output despite Iran walkout
OPEC and its allies reached a preliminary agreement in the face of strong opposition from Iran to boost production by a theoretical 1 million barrels a day — the actual increase will be smaller as several countries are unable to raise output.
Wood to issue new technology fund for nuclear decommissioning
Energy engineering firm Wood will release substantial funds to explore new technology to aid nuclear decommissioning.
Norwegian oil workers union threatens summer strike action
A union for Norwegian oil and gas rig workers has threatened potential summer stikes in response to the rejection of a proposed pay deal.
Too big to succeed: Solar titans flop when they climb to No. 1
A Chinese company called JinkoSolar Holding Co. is now the world’s largest maker of solar panels.
Creme egg vandals cause £800 worth of damage to Speyside electric car charger
A Speyside electric car charge point has been out of action for almost three months after vandals damaged the equipment armed with Creme Eggs.