Cluff Natural Resources extends MOU with Halliburton
Cluff Natural Resources has signed a two year extension with Halliburton to collaborate on the development of its underground coal gasification assets for a further two years.
Cluff Natural Resources has signed a two year extension with Halliburton to collaborate on the development of its underground coal gasification assets for a further two years.
Wood Group PSN has taken another swing of the axe to contractor rates in response to continuing cost challenges affecting the UK North Sea oil & gas sector.
Former Energy Secretary Cecil Parkinson told the Cabinet he had "complete confidence" in Lord Cullen's inquiry into the Piper Alpha Disaster.
Harding has won a contract to deliver lifeboats and davits to Maersk’s Culzean project in the North Sea.
Xcite Energy said its licence containing the Bentley field has been extended until June next year after approval from the OGA (Oil and Gas Authority) and DECC (The Department of Energy and Climate Change).
A north-east union chief has warned members to be aware of online scams as the downturn in North Sea oil and gas takes hold.
An Aberdeen e-learning agency has estimated North Sea job losses hit 50,000 or more last year as it measured the impact on its business.
A North Sea platform has been down manned after a power outage.
Oil and gas workers in north-east could help tackle a major teacher shortage with government cash being invested to bring their expertise to the classroom. Budding teachers will be given a share of the £12million Transition Training Fund to help people facing redundancy in the struggling energy sector find work.
Scottish Conservative leader Ruth Davidson yesterday insisted there is a "real future for the north-east" - and called on UK and Scottish Governments to pull together to help weather tumbling oil prices.
As the North Sea industry grapples with budget cuts and thousands of job losses, the chief executive of the Oil and Gas Authority has called on the sector to refocus its efforts on the opportunities still available at $30 oil.
Kvaerner's cost cutting strategy has resulted in the Norwegian firm reporting a profit of NOK178million in its fourth quarter 2015 results, which it says will increase resiliance against uncertain market conditions.
Scottish Secretary David Mundell last night urged Aberdeen to “sell itself around the world” to secure its future as the global hub for oil and gas.
Cash-strapped oil executives are using expensive watches, jewellery and even cars as collateral for short-term loans as the “posh pawn” market takes off in Aberdeen. Business is so good in the north-east just now that one Scottish company specialising in high-end secured loans plans to set up shop in Europe’s energy capital.
We all know the tough times facing the north-east. The continuing slump in the oil price is presenting this area with perhaps its biggest challenge since drilling began 40 years ago. The truth is that we are at a crossroads, and I think it can now go one of two ways.
First steel has been cut for Statoil's Johan Sverdrup drilling platform for the North Sea, marking a major milestone for the firm's flagship development.
Royal Dutch Shell has hailed its 52.6 billion US dollar (£36.4 billion) takeover of BG Group as a step towards becoming a “simpler, leaner, more competitive company”. The mega-deal - creating the biggest trader of liquefied natural gas - came into force on Monday after shareholders waved through the tie-up at the end of January.
Shell has completed its $68.2billion merger with BG Group which will now be delisted from the London Stock Exchange.
Production at newly-opened gas fields in Shetland could meet all of Scotland's average demand, it has been claimed.
Ministers are understood to be considering a "big" tax cut to help the North Sea oil and gas industry.
John Swinney has called on Chancellor George Osborne to slash tax for offshore companies amid fears the North Sea industry could be finished without emergency measures.
Oil and gas companies need to look beyond short-term issues such as tumbling oil prices and prepare for even greater uncertainty in the future, a new PwC report says.
A trade union has claimed that the windfall from dismantling redundant oil platforms in the North Sea could reach £75billion.
The OGA (Oil and Gas Authority) is looking for a new head to join its team.
The thousands of attendees seeking reasons for optimism didn’t find them at the annual International Petroleum Week. Instead they were greeted by a cacophony of voices from some of the largest oil producers, refiners and traders delivering the same message: There are few reasons for optimism. The world is awash with oil. The market is overwhelmingly bearish.