Statoil delays Mariner contract, sees fee increase by $55million
Statoil’s decision to delay its Mariner contract with Prosafe has seen the final contract total increase by $55million.
Aberdeen
Supermarket giants drop Diesel prices under a £1
Drivers will be able to fill up on diesel for less than £1 per litre after three supermarket giants slashed prices from today.
Robin Watson officially takes up Wood Group’s top role
Robin Watson will officially assume the chief executive role for Wood Group tomorrow.
Brae Alpha platform enters fifth day in shut down
A North Sea platform has entered its fifth day shut down as investigations continue into the cause of a gas leak on board the installation. Production was shut down on Marathon’s Brae Alpha platform after an alarm was raised on Boxing Day. Around 73 workers remain on board the platform which is about 155miles north east of Aberdeen.
EV Insights: Energy Voice’s top videos of 2015
Take a look back at some of Energy Voice’s most watched videos from the past year.
Christmas Wishes: Aberdeen Football Club Captain Ryan Jack
Christmas Wishes: Aberdeen City Council Deputy Leader Marie Boulton
Christmas Wishes: Aberdeen and Grampian Chamber of Commerce
Christmas Wishes: The team at EY
Christmas Wishes: Energy Voice Readers
Christmas Wishes: The team at Vattenfall
Forum Energy Technologies product line wins string of new orders
A product line owned by Forum Energy Technologies has won a string of new multi-million dollar contracts in just one month. AMC Engineering has been given multiple orders for the manufacture and supply of its fully rotational torque bucking unit, scheduled for delivery next year. The units have been bought by a number of multinational oil companies in the Middle East, South America and Caspian regions.
Total to appear in court over Elgin platform leak
Oil firm Total will appear in court next week charged in connection with a major gas leak on one of its North Sea installations. In March 2012, all 238 workers on board the Elgin platform had to be evacuated as gas started spewing out of the G4 well at the rate of two tonnes an hour. At one point, about seven million cubic feet of gas was leaking from the platform every day.
Vision for Aberdeen of the future amid North Sea downturn
Aberdeen councillors have given unanimous backing to a new vision for the north-east economy for the next 20 years. Members agreed the Regional Economic Strategy at a meeting of the full council yesterday. The plan has been drawn up during a downturn in the North Sea offshore industry and amid tumbling global oil prices.
Video: P&J Business Editor shows you how to make your Christmas Wishes video
We asked Press and Journal Business Editor Erikka Askeland to take readers through how to record their Christmas Wish.
SSE fails to win capacity auction bid for Peterhead Power Station
Energy provider SSE said it has secured agreements to provide 3,150MW of de-rated electricity generation capacity from October 2019 to September 2020 at a price of £18 per kilowatt. The company said the move was as a result of the GB Capacity Market Auction process.
Multi-million pound initiative launched to secure Aberdeen’s post-oil future
Leaders in business, education and the public sector have teamed up to secure the north-east’s post-oil future, backed by a £50million funding pot.
Oil and Gas UK warns further job losses “inevitable” in North Sea
Further job losses in the North Sea are inevitable as the “challenging times“ for the oil and gas industry continue, MSPs have been warned.
Hotel occupancy and takings in Aberdeen continue to fall
Aberdeen hotels suffered a further slump in trade in October as the wider impacts of the oil and gas industry downturn continued to hit hard, new research findings show. The latest monthly LJ Forecaster Scottish Intercity Report from tourism market specialist LJ Research says revenue per available room (revpar), a key benchmark for the sector, tumbled “unprecedentedly” below £50. Aberdeen’s revpar was £49.18, its lowest rate for several years and down by 37% on October 2014, according to LJ Research.
UK Supreme Court ruling could impact energy industry
A ruling by the UK’s top court on damages provisions in major contracts will impact on the energy and construction industries, says an Aberdeen legal expert. In a landmark ruling, the Supreme Court has “shaken off the dust from 100 years of case law” regarding contract compensation clauses, said Scott Johnston of legal firm Pinsent Masons. Mr Johnston said: “Many business and consumer services contracts contain what is commonly known as a “liquidated damages” clause and the energy and the energy and infrastructure sectors in particular are very familiar with these terms, which can have big financial implications.
Fabrication firm goes into adminstration
A north-east fabrication firm offering manufacturing services to the oil and gas industry has gone into administration. Harlen Fabrication in Dyce has appeared to suffer the effects of the downturn in the oil and gas industry. Calls were made to directors of the company were not returned.
Aberdeen property market feeling effect of oil slump
High value homes in the north east of Scotland are proving harder to shift with an increasing number coming on the market at lower prices than before, according to property experts.
Marathon Oil hit with improvement notice for Brae Alpha installation
Marathon Oil has been hit with an improvement notice by the HSE (Health and Safety Executive) after a gas leak on its Brae Alpha installation in the North Sea. The company will have until April next year to comply with the notice following the incident 170 miles north east of Aberdeen. The leak happened in June inside the West Brae Caisson on the installation.
Transocean’s revenues fall by 29%
Transocean’s revenues have fallen 29% in the third quarter of the year as the company continues to be challenged by the decline in oil price. The oil driller said fleet utilisation was down to 70% compared with 75% in the previous quarter and the year-ago period. The company has already reduced its number of rigs taking a number out of service as well as scrapping others.
Video: Hywind could become “profitable leg” for Statoil
Statoil's UK managing director said the Hywind project could become a "profitable leg" for the company as it looks to expand its renewables arm. The company announced it had taken a final investment decision on plans to build the world's largest offshore windfarm just a day after winning approval from the Scottish Government. Tove Stuhr Sjoblom sat down with Energy Voice to discuss the next steps for the first of a kind project.