Brent at $60 post-Covid high: ‘Still a lot of ifs and buts’ for North Sea activity
The Brent oil price has reached its highest in 13 months, but experts say questions persist on whether activity in the UK North Sea will see a similar resurgence.
Aberdeen University
Aberdeen oil boss loses bid for mammoth $210million lawsuit
An Aberdeen oil boss has lost his bid for a $210million lawsuit, which alleged a lawyer conspiracy led to a raw deal that saw the collapse of his business and the value of his shares becoming “worthless”.
RAB-Microfluidics secures £1.24m investment
Aberdeen University spinout RAB-Microfluidics has secured £1.24 million in an investment round led by St Andrews-based seed funder Eos Advisory.
Oil price direction an ‘open question’ as Covid mutation weighs down Brent
A top petro-economist said today that the Covid-19 mutation had left an “open question” about the direction of Brent crude prices in the coming weeks.
North Sea operators want ‘more evidence’ of sustained $50 oil price before greenlighting projects
North Sea operators would like “more evidence” that the $50 Brent oil price is here to stay before greenlighting long-term investments.
£100m decommissioning loan fund should get ‘serious consideration’ in energy white paper
The UK Government’s upcoming energy white paper should give “serious consideration” to a proposed £100m decommissioning loan fund, according to a petroleum economist.
Expect any Biden climate plan to have big impact on energy sector
The Joe Biden climate plan, Energy sector experts breakdown what to expect as the new US President looks to change the country's climate change stance.
North Sea operators shelve half a billion pounds of decommissioning spend: OGUK
North Sea operators have shelved more than half a billion pounds of decommissioning spending, according to a new report from Oil and Gas UK (OGUK).
With oil and gas exploration tailing off, what’s next for exploration geologists?
What the future might hold for exploration geology in the oil and gas industry is as unclear as it is for the majority of other professions in the energy sector.
Aberdeen students honoured at InstMC engineering awards
Students from both of Aberdeen’s universities have been honoured for their engineering talent with a series of awards.
Biden’s oil transition plan ‘doesn’t sound very revolutionary’ says Aberdeen Uni professor
The plan from Presidential hopeful Joe Biden plan to “transition” away from oil and gas “does not sound very revolutionary”, according to an Aberdeen University professor.
Aberdeen University nanotechnology project to boost North Sea gas production
Scientists at Aberdeen University are developing a new production method that could be a “game-changer” for North Sea gas.
Aberdeen University develops new tool for helicopter pilots
A new system designed to recognise the non-technical skills required by helicopter pilots flying search and rescue missions has been developed by Aberdeen University.
Decommissioning cost efforts ‘compromised’ by 5% of North Sea operators, says OGA
Efforts to reduce the UK's offshore decommissioning bill last year were "largely negated" by 5% of operators who increased their costs by £1billion, according to the Oil and Gas Authority (OGA).
BP to fund £14.5k Aberdeen University scholarship
Energy giant BP will fund a £14,500 scholarship for Aberdeen University's MSc in Geophysics.
Covid-19 surge in the US creates dilemma for oil producers
A Covid-19 surge in the US creates a dilemma for oil producers going into crunch talks today and tomorrow.
‘Niche market’ needed to develop marine renewables in Scotland, report claims
A new report published has called on industry and government to work together to develop opportunities for the use of marine renewables in the oil and gas sector.
Life after oil: Double redundancies see Aberdeen oil manager switch to teaching
An Aberdeen oil boss has said he is “excited” after making the decision to trade up his 20-year energy career for his passion for teaching.
Scottish Eco-Marathon teams look to future after Covid-19 disappointment
Scotland's Shell-backed Eco-Marathon teams have vowed to come back even stronger next year after the Covid-19 pandemic resulted in the cancellation of 2020 track events.
New report blames nuclear power for big Scottish wind farm shutdown payments
Huge sums payed to Scottish wind farms to stop generating electricity are directly related to the difficulty of shutting down nuclear power facilities, according to a new report.
‘Relief’ for some as oil rises past $40, but North Sea activity to remain depressed
Oil prices rose past $40 per barrel mark on Wednesday amid speculation that quotas for international production cuts could be kept higher for longer.
UK oil industry facing ‘very tough’ future, new report shows
The “astonishing” changes in the world oil market have left the North Sea industry facing a “very tough” future, a top petroeconomist has warned.
Oil rebounds to $30 but still too low for North Sea
Brent Crude’s rebound yesterday brought it up beyond $30, but the figure is still too low to make an impact for the UK North Sea.
Decommissioning: beyond the challenges of oversupply, pandemic and recession
After weathering the storm that was the price collapse of 2014, the oil industry has again been hit in recent months by two new blows almost simultaneously: oversupply (caused by the failure of negotiations between Saudi Arabia and Russia to agree on production cuts and the aggressive response of the former); and a demand shock (reflecting the economic impact of the Covid-19 lockdown).
Life extension for Bruce, but end may ‘hasten’ for other North Sea fields
Cutting costs has added years to the life of Serica Energy’s Bruce platform, but other operators may need to "hasten" the end of some North Sea assets according to CEO Mitch Flegg.