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.
Gas
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.
TechnipFMC warns of Brexit impact to global business
TechnipFMC has warned of the potential impact Brexit may have on its global operations.
Maersk Driling hit with safety notice over 1,300kg dropped objects
Maersk Drilling has been hit with a safety notice after two stands, weighing 1,300kg each, fell on an offshore rig.
Equinor chief gets 14% pay boost
Equinor chief executive Eldar Saetre took home a total of £1.5m in overall pay last year.
Data takes Aberdeen-based SMS to new markets
As a region, the north east of Scotland is known globally for its innovative company base and as an exporter of a wealth of skill and expertise built up in the offshore energy industry.
OBR lowers forecast for UK oil and gas revenues
A new report has lowered forecasts for UK oil and gas revenues by an average of £600million per year to 2024.
BP announces plan to clamp down on oil and gas emissions
BP has announced a three-year strategy to reduce emissions in the global oil and gas supply chain.
Challenges of scaling a digital company
As the CEO of a digital technology business, I frequently get asked what advice I would give to those looking to scale a digital business.
Data bringing buzz of innovation to north-east
I am not the first of the team here at Return To Scene to write about the palpable buzz of innovation here in the north east of Scotland. As a team we are pretty evangelistic about digitalisation and the role our wee corner of the world is playing in the digital transformation of industry globally.
Once-prized gas getting kicked out of homes
One of the biggest threats facing the natural gas industry is inside the house.
Sabres rattling over fracking
Cuadrilla and Ineos decided last month that it was time to ramp up the pressure on the UK Government to relax the seismic shocks threshold for their shale gas (and oil) exploration effort onshore.
Wars, coups, whatever. Nothing stops Europe’s No. 3 gas supplier
Arab Spring-style protests have rocked Europe’s third-biggest natural gas supplier. Thousands of young Algerians have taken to the streets, fed up with an octogenarian president who’s been in power for 20 years and a weak economy that doesn’t generate enough jobs. While the rare public display of dissatisfaction has sparked a political crisis in the authoritarian state, the country’s energy exports haven’t been disrupted.