This week’s most read story was from Energy Voice columnist Loren Steffy. In his piece, the Houston-based writer suggested why this oil price bust might be different than what went before it.
He argues that this time, the decline in prices isn’t just about oil, but other factors such as the expansion of renewables like solar power energy.
Apache North Sea boss Jim House remained upbeat this week about the UK oil and gas industry as he urged Chancellor George Osborne to usher in new tax breaks.
The region vice-president and managing director Mr House said there was “no better time” than now to radically overhaul a fiscal regime which was not helping oil and gas firms.
A worker on the Lomond Installation, 145 miles east of Aberdeen, was exposed to radiation on the platform.
The man, who is employed by offshore firm Sparrows, underwent medical evaluations both offshore and onshore and has been confirmed as safe from any potential harm.
Staff onboard the Ninian Platfrom in the North Sea have been evacuated following a suspected drinking water contamination.
The platform, which is operated by CNR International, is 249 miles from Aberdeen.
Finally, energy services firm Hunting is set to reduce its headcount following the decline in oil prices.
Hunting said expenditure estimates for Hunting’s customers for the year ahead were continuing to evolve rapidly in light of changing oil prices.
A spokesman said the company is re-aligning its business units to fit with the new operating environment which included the launch of “programmes of headcount reductions as and where necessary.”