Odfjell Drilling puts 139 North Sea workers at risk of redundancy
Odfjell Drilling has put 139 offshore workers at risk of redundancy after completing a drilling contract ahead of schedule.
BP
‘Hour by hour, day by day’: copter firms take fast-track on Covid-19
When Covid-19 gripped the UK North Sea oil industry, there was only one way for helicopter operators to manage the crisis – take it hour by hour, day by day.
New £5m boost for researchers assessing North Sea oil and gas and renewables structures
A research group assessing man-made North Sea structures has been given a boost with the announcement of £5 million in new funding.
BP inks MOU with Chinese solar firm for ‘decarbonised energy solutions’
BP has signed a memorandum of understanding (MOU) with Chinese solar firm, JinkoPower, to provide integrated decarbonised energy solutions and services to customers in China.
Greenpeace hit with £80k fine over North Sea protest action as director escapes jail term
Climate activist group Greenpeace has been hit with an £80,000 fine over North Sea protest action in 2019.
‘We will not be silenced’: Court ruling could see Greenpeace chief imprisoned over North Sea protest
A Greenpeace boss has vowed that his organisation “will not be silenced” despite facing a lengthy prison sentence over North Sea protest action in 2019.
EnergySys dishes out £1k grants to 20 schools
EnergySys Limited, a leading oil and gas cloud-technology provider, is proud to celebrate its 20th anniversary.
Premier Oil scraps £152million Dana Tolmount deal, creditors approve BP North Sea acquisitions
Premier Oil has scrapped a $191million (£152m) deal to acquire an additional 25% stake in the Tolmount project from Dana Petroleum.
Eni extends Nooros area with Egypt find
Eni has found gas offshore Egypt, in the Nile Delta’s North El Hammad licence.
Ithaca Energy to shed 25% of onshore employees as it sinks to £944million loss
Ithaca Energy plans to shed a quarter of its onshore workforce after sinking to a £944m pre-tax loss amid the "historic collapse" of oil and gas prices.
BP under scrutiny over Zambian pension shortfall
When BP sold off its Zambian fuel marketing business in 2010 to Puma Energy, it appeared to be a fairly straightforward example of a super major dispensing with non-core assets.
BP to sell petrochemicals business to Ineos for £4bn
One of the UK's largest private companies has struck a five billion dollar (£4 billion) deal to buy a wing of BP that had fallen out of favour at the oil giant.
‘Disrespectful’ to send letters to suppliers demanding cost cuts, BP procurement chief says
A global procurement chief at BP has said sending letters to suppliers demanding price reductions is “disrespectful” and “absolutely the wrong thing to do" for the oil and gas industry.
Serica Energy announces maiden dividend despite Covid-19
Serica Energy has announced its maiden dividend to “reward shareholders” despite the challenges of Covid-19.
Digital debut for OGUK’s share fair
One of the offshore oil and gas industry’s most significant business development events is going digital in July when OGUK launches the first of its series of Share Fair Spotlight webinars featuring the forward work plans of Spirit Energy next week.
‘Marked increase’ in number of North Sea workers going offshore
A “marked increase” has been noted in the number of workers going out to North Sea platforms, according to industry chiefs.
Shetland Energy Hub aims for hundreds of jobs and to make giant oilfields ‘net zero by 2030’
Ambitious plans for a new Energy Hub have been unveiled with hopes for hundreds of jobs and to make giant oil and gas fields in the West of Shetland "net zero by 2030”.
Oil majors ‘still falling short’ of climate goals – Carbon Tracker
Oil majors are “falling short” of global climate goals despite their updated emissions targets, according to a new report.
Shell plans ‘major restructuring’ in net zero push: Report
Shell will announce a major restructuring by the end of the year, according to a news report, as the firm makes a shift for the energy transition.
INWED 2020: ‘Phenomenal journey’ as BP nears gender targets
A boss at BP has described the firm’s efforts to enhance its gender diversity as a “phenomenal journey”.
BP invests $5m as part of crusade against methane leaks
BP ventures has invested $5 million in a cloud-based geospatial analytics software company that monitors environmental changes, including methane emissions.
BP-scale job cuts ‘good ballpark estimate’ for every oil major – Rystad
BP-scale job cuts of 15% worldwide is a “good ballpark” estimate for every oil major, according to consultancy Rystad Energy.
World needs Covid-scale emissions cuts every other year, says BP boss
The world needs emissions cuts on a par with those delivered by the Covid lockdown every other year for the next 25 if it is to reach net-zero by 2050, BP’s chief executive said today.
BP highlights diverging views on the future of oil and gas, Westwood Global says
BP’s announcement that it is going to write down the value of its exploration assets by $8-10 billion (56-70%) shows the accounting impact of its energy transition strategy.
Implications of BP write-downs ‘are very real’ as some upstream assets become worthless
Energy giant BP is ”getting to grips” with a slump in the value of its offshore assets, with some now worth nothing at all, an industry expert said last night.