Wood Group wins $150million North Sea contract, secures 190 jobs
Wood Group has landed a $150million North Sea contract extension with Nexen.
Wood Group has landed a $150million North Sea contract extension with Nexen.
The UK Government paid oil major Shell $123million last year after changes to the tax system.
The Scottish firm behind Europe’s largest consented tidal-energy project, the MeyGen development in the Pentland Firth, said yesterday it had raised £6.5million from a share placement.
Maintenance work on the Buzzard oilfield has been delayed until September - two months after it was expected to take place.
Independent Oil and Gas (IOG) has launched a campaign to snap up producing North Sea assets.
The other day on the doorstep, I got into a conversation with a man who was facing redundancy in the oil and gas sector, we discussed the work being done by the Energy Jobs Taskforce, set up by the Scottish Government, and he said he was pleased to see support coming to the North East via the extended investment in the City Region Deal, and support for individuals to retrain.
Hundreds of North Sea workers have been drug tested after a syringe was found on a platform.
The UK government is on a mission to maximise economic oil and gas recovery from the UK Continental Shelf (UKCS) as higher development costs for aging oil and gas fields, depressed global oil prices and projections of slower global economic growth put even more pressure on the industry.
Oil giant Shell is running the rule over the potential sale of north Sea assets - but it is too early since its mega-merger with rival BG Group to have decided on a sale process. But Paul Goodfellow, Shell’s upstream vice-president for the UK and Ireland, said the company may be looking at “innovative deals” like the sale of its Anasuria field.
The oil and gas industry is in a state of flux and companies are continuing to tighten purse strings in an effort to protect profit margins. Dan Ibbetson from Aggreko examines five of the issues sending shockwaves throughout the sector and why overcoming these could support a company’s ability to compete at the top of the market, now and in the future.
Bristow has made its final flight to the Murchison platform as it prepares for decommissioning in the North Sea.
This footage shows the sail away of the wellhead platform jacket as it began its sail away from a construction yard in the Netherlands to the UK North Sea.
Maersk Oil has awarded information management firm Datum360 a four-year contract to deliver Software as a Service (SaaS) solutions for its Culzean development in the North Sea.
Statoil has made a "minor" North Sea oil discovery.
Shell’s chief executive said the oil major could sell some if its older, lower grade North Sea assets to help balance its portfolio.
Even in the closely knit energy industry they are virtually unknown. On the streets of Geneva, London and Houston they go unrecognized. Yet a handful of executives were oil-industry standouts in 2015. They thrived because of -- not despite -- plunging crude prices.
Difficulties in the oil and gas industry are continuing to take their toll on Scotland’s economy, two new reports have indicated.
The Norwegian Petroleum Safety Authority has revealed "more lives could have been lost" on the COSL Innovator rig on its final report into the death of a worker.
Council chiefs in Aberdeen have launched a £750,000 fund to help oil workers fight back against the downturn in the North Sea.
Wood Group (WG) has made a further acquisition this month after snapping up Ingenious.
Maersk Oil's chief executive said it could snap up North Sea assets up for sale by Shell if it could "create value" for the company.
German energy firm Wintershall said expects lower sales and earnings in 2016 after being hit in 2015 by a sharp oil price decline that squeezed revenues in its exploration business.
Maersk Oil made its first steel cut on its landmark North Sea Culzean development.
An offshore worker made redundant a day after creating a petition to support staff in the North Sea oil and gas industry has seen his petition reach nearly 1,000 signatures in less than 48 hours.
The profitability of the North Sea has hit a 20-year low according to new data released by the UK Government.