UK market sending out ‘strong economic signals’ for more gas storage
Two years after the U.K.’s largest natural gas storage site slipped into retirement, demand for new places to keep the fuel is ratcheting up.
Gas
Piper Alpha remembered 31 years after oil rig disaster
One of Scotland's most horrendous disasters in oil and gas history was remembered in Aberdeen today.
BP invests £23.6m in pioneering tech to turn gas into fish food
BP has splashed out £23.6 million in an "alternative protein" maker that will use the energy major's gas to make fish, livestock and pet feeds.
Montrose base ’embodies’ BHGE strategy, 160 jobs created
A £31 million base that will put the north-east of Scotland at the forefront of subsea oil and gas technology development and training was officially unveiled yesterday.
Siemens to cut 2,700 jobs at energy unit due for listing
Siemens AG said it will cut 2,700 jobs at its power and gas division, part of a sweeping overhaul announced last month to spin off the embattled business.
Updated: Total celebrates first gas from huge North Sea field
A huge North Sea field capable of covering 5% of UK gas demand has come on stream following investment of around £3.5 billion.
Cluff refuses to give up on southern North Sea licence
Oil and gas explorer Cluff Natural Resources (CLNR) has vowed to reclaim a southern North Sea licence it relinquished earlier this year.
Shell breaks mould with deal linking gas prices to coal
Royal Dutch Shell Plc agreed to sell liquefied natural gas to a Japanese utility at prices that include a link to coal, the latest innovation in the booming LNG market where buyers are seeking to diversify risks.
SSE fined £700k for missing smart meter target
Energy giant SSE has been fined £700,000 by regulator Ofgem for missing last year's target to install gas smart meters for customers.
Algerians march against president and political system
Algerians took to the streets in their millions for the sixth straight Friday of nationwide protests, trying to push their ailing president from power and bring down a political system seen as corrupt and out of touch.
MP raises fears of ‘random industrialisation’ of countryside linked to fracking
Communities should have greater control over fracking, ministers have been told, amid concerns over the potential "random industrialisation" of the countryside.
Saudi Aramco in £52.2billion deal for majority stake in Sabic
Saudi Aramco has signed a £52.2billion deal to acquire a majority stake in petrochemicals firm Sabic from the country’s sovereign wealth fund.
Archer CEO stands down
The chief executive of oilfield services firm Archer has stood down.
Taqa North Sea boss ‘confident’ despite dent to earnings
A “natural decline” in production and unplanned outages halved earnings from Taqa’s European business in 2018.
Teekay hit with safety notice after ‘major’ gas release on Foinaven
The Health and Safety Executive (HSE) has warned Teekay following a “major” gas release on the Petrojarl Foinaven FPSO.
Petrofac workers vote to strike on BP platforms
Dozens of Petrofac employees on BP platforms in the North Sea have voted to go on strike.
Oil is not ‘sexy’ – industry needs to compete for talent says BHGE
Competing for talent is among the “key challenges” the sector needs to tackle, according to Romain Chambault, European director for oilfield equipment at Baker Hughes GE (BHGE).
Travel firm reports strong interest from north-east businesses for OTC
An Aberdeen travel firm has reported strong interest from north-east busiensses interested in going to the Offshore Technology Conference (OCT) in the US.
New standard to tackle corrosion threat
New guidelines have been published to help North Sea operators manage corrosion.
Siccar Point kicks off 2019 drilling campaign with Blackrock
Siccar Point Energy has kicked off its 2019 drilling campaign with the spudding of an exploration well at the Blackrock prospect west of Shetland (WoS).
Wood hails ‘significant progress’ in 2018 as revenues climb to £8.3bn
Aberdeen-headquartered energy services giant Wood saw its total revenues climb to £8.3billion in 2018 amid a “significant year of progress” for the firm.
New CEO at the helm for Rever Offshore
Rever Offshore has appointed a new chief executive, two months on from dropping the Bibby Offshore brand.
BP hopes young recruits can make oil cool in era of big tech
Every few weeks, in a glass-walled office with a picture of an oil platform filling the east side, an unusual conversation takes place.
TechnipFMC chief takes home more than £10m in 2018
The chief executive of TechnipFMC took home more than £10m in pay last year for helping the energy services giant realise “synergies” post-merger.
Plan for ‘ground-breaking’ joint licensing round between UK and Faroes
Plans are in place for a joint licensing round to be launched between the Faroe Islands and the UK North Sea.