DNO buys more Faroe shares to keep up the pressure
Norwegian oil firm DNO said today that it had snapped up more equity in takeover target Faroe Petroleum.
New Petrobras boss swears off subsidies, government intervention
The new head of Brazil’s state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit, echoing a wider pledge by President Jair Bolsonaro to reduce the state’s role in Latin America’s largest economy.
Mega-rig spotted on journey to Kishorn dry dock
The world’s largest semi-submersible drilling rig has been spotted on Scotland’ s west coast on its way to the redeveloped Kishorn dry dock.
Sellafield issued improvement notice by nuclear regulator
The safety regulator for the civil nuclear industry has issued an improvement notice to Sellafield following a “significant” electric cable incident at the site last year.
£97bn of offshore projects could be sanctioned in 2019, says Rystad
Up to £97bn ($123bn) worth of offshore projects could be sanctioned this year if the price of oil rebounds to $60.
Scotland’s EMEC in project to fast-track marine energy tech
A testing project has been launched to fast-track new marine energy technologies in Scotland and further afield.
Shell boss hints at UK offshore wind return
Shell could be about to re-enter the UK offshore wind marketplace, according to the firm's renewable energy chief.
Oil is at the mercy of financial markets
Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading.
Oil on track for biggest weekly rise in 18 months
Brent crude headed for its biggest weekly gain since July 2017 as OPEC’s production cuts outweighed concerns over the health of the global economy.
Updated: DNO not accepting defeat in Faroe takeover bid
Bosses at DNO have warned they will “not go away” after falling short with their hostile takeover offer for Aberdeen-headquartered oil firm Faroe Petroleum.
Plans revealed for new substation next to St Fergus gas plant
A major energy firm has unveiled plans to build a new substation next to a north-east gas plant.
Trac boss pleased with ‘strong growth in challenging times’
Trac Oil and Gas’s boss said yesterday that he was “generally satisfied” with the firm’s latest accounts, which showed “strong growth during challenging times”.
Harbour expansion hit by vandals again
A vandalism spree that started with a crane being set on fire at the £350 million Aberdeen Harbour expansion project on Boxing Day has continued into the new year.
Results at SengS owner show market picking up
Pryme Group, the parent of engineering services businesses including Aberdeenshire-based SengS, has said results for the year to March 31 2018 reflect improving market conditions.
Independent says funds still available despite London probe
Independent Oil and Gas said today that it was not affected by the UK financial watchdog's investigation into London Capital and Finance.
Ofgem blocks Economy Energy from taking on new customers
Economy Energy has been banned by Ofgem from taking on new customers until it resolves customer service issues.
Briggs overcomes bumpy conditions to deliver profits rise
Scottish marine services group Briggs Commercial defied bumpy trading conditions to deliver a strong rise in sales and profits last year.
Hurricane Energy appoints oil veteran to board
Hurricane Energy has appointed a legal expert for the oil and gas sector to its board.
TechX – Pioneering and accelerating
2018 saw us celebrating the successful culmination of The Oil & Gas Technology Centre’s (OGTC) inaugural technology accelerator programme, TechX Pioneers.
Scottish Premier Inn becomes first battery-powered hotel in UK
An Edinburgh hotel has become the first in the UK to be battery-powered.
VIDEO: Explosives used to blow up oil rigs
It's not the type of “decommissioning” work normally seen, but a video has emerged online of parts of old oil platforms being blown up with explosives.
Bayesian networks and subsea: managing integrity and reliability risk
If high levels of safety and environmental protection in the subsea oil and gas sector are to be maintained, then understanding the risks involved is more important than ever. That was the view highlighted by the Bureau of Safety and Environmental Enforcement (BSEE) in 2016.
A year in review – Oil benchmarks trail at the end of 2018
Brent crude oil averaged $72 per barrel (b) in 2018, and West Texas Intermediate (WTI) averaged $65/b in 2018.
FERC’s McIntyre dies, leaving second vacancy on energy regulator
Kevin McIntyre, a commissioner and former chairman of the top U.S. energy regulator, has died.