Santos is seeking buyers for a 20-30% stake in its large Dorado oil project and Bedout exploration portfolio offshore western Australia estimated to be worth up to $200 million. Significantly, there is expected to be global interest in the sales process, which could be particularly appealing for Asian national oil companies (NOCs).
Members of the public will get a behind-the-scenes look at the £350million Aberdeen Harbour expansion this week, as a major festival draws to a close.
Aberdeen Harbour bosses say Brexit will have no impact on the Spanish contractor’s key role in their £350 million expansion project.
Santos Ltd. plunged the most since 2016 after rejecting Harbour Energy Ltd.’s $10.9 billion final offer and terminating talks, saying its proposal was too low and too risky.
Aberdeenshire Council invests millions in Nigg Harbour – but only £130,000 in smaller north-east ports
Historic fishing ports are being neglected in favour of boosting cruise ship tourism at Aberdeen’s harbour, councillors claim.
A relatively newcomer to the North Sea is steaming ahead with plans to revolutionise the recovery of heavy oil from the North Sea.
Unions are calling for political intervention in order to help foreign sailors who have been stranded on a vessel in Aberdeen Harbour for the past four months.
A diverse range of traffic meant that shipping arrivals rose at Lerwick Harbour despite oil and gas business dropping by more than a fifth.
Peterhead harbour’s £50million upgrade moved a big step forward yesterday, with port bosses announcing a £30million-plus contract for the project.
When an individual as astute as Lord Browne of Madingley is prepared to stand up at one of the world’s leading oil & gas conferences and basically tell Big Oil that the time has come to evolve from petroleum to energy by taking on the low carbon challenge, it really is time that Aberdeen woke up.
Aberdeen is going through a “period of reinvention” to move away from a reliance on visitors linked to the oil and gas sector, a tourism expert said yesterday. Andrew Martin, director of the Scottish Centre of Tourism at Robert Gordon University’s Aberdeen Business School, said efforts were being made to develop hospitality niches in the north-east, such as golf tourism and the whisky and castle trails. Any hopes of replacing lost income from the energy industry were “un-realistic”, he added. Steve Harris, chief executive of tourism body Visit-Aberdeen, said the Granite City’s weekend visitor market was holding up well, with numbers higher “than before”, while plans to create a single marketing organisation for the north-east would boost them further. Mr Martin and Mr Harris were speaking after a new study revealed yet more hardship for hotels in Europe’s energy capital, as low oil prices drive custom away.
Global Energy, who own the Nigg Fabrication Yard, have had their plans for their own harbour rejected by the Scottish Government. They had put forward plans to create their own harbour at the entrance to the Cromarty Firth. However the Scottish Government threw out the bid on a legal technicality.
The Aberdeen Harbour Board’s newly-appointed chairman has said he expects his new role to be “challenging and exciting” and pledged his support for the port’s expansion plans. Incoming chairman Alastair Mackenzie, a former regional director at risk management group Achilles, takes over from Chris Lloyd, who was chairman for the previous four years and a member of the board for six years in total.