Wood Group signs collaborative deal with Magma Products
Wood Group (WG) has struck a collaborative agreement with Magma products to extend its existing commissioning service.
Wood Group (WG) has struck a collaborative agreement with Magma products to extend its existing commissioning service.
BP’s Bob Dudley said 2016 will be a year of halves for oil price.
DNV GL has moved its staff in Aberdeen to one hub after relocation its offices from another building in the city.
Faroe Petroleum said it has been awarded six new exploration licenses in Norway. The company said it includes two operatorships under the 2015 Norwegian APA licence round.
The Scottish Green Party wants the North Sea oil and gas sector to be wound down - so offshore workers can become lumberjacks.
The Scottish Liberal Democrats had urged the administration to host a session in the Scottish Parliament on the future of the offshore industry, amid spiralling job losses in the sector.
Businesses across Europe’s oil capital have been feeling the pinch since the global decline in oil price.
Petrofac is in consultation with staff over up to 65 positions on CNR assets in the North Sea. It is understood the jobs are in addition to the 160 confirmed by the company earlier this month.
Amec Foster Wheeler has revealed plans to reduce its pay for workers in Aberdeen by 7.5%.
Nearly 40 companies have applied for new production licences on the Norwegian Continental Shelf, indicating there is still considerable interest in the sector according to country's petroleum directorate.
Sparrows Group is in consultation with its staff over up to 90 job losses.
Offshore marine and engineering consultancy Aqualis Offshore has been contracted by Petrofac to perform technical support services for its work on the BorWin 3 gamma topside for the North Sea.
The UK cabinet minister said it is "important" that Chancellor George Osborne delivers for offshore firms in his budget this spring.
Aberdeen oil supply specialist First Integrated is setting its sights on diversifying beyond the North Sea in 2016 after enduring a tough 2015.
Trade unions have warned the number of health and safety concerns being reported in the oil and gas sector has declined, amid concerns over job security.
North Sea companies have been urged to look east following the lifting of trade sanctions in Iran.
The chief executive of Ineos Jim Ratcliffe said the company's purchase of a number of North sea assets was a "sensible" move as it looks to expand its oil and gas reach.
A cross-party group of MSPs has said the situation in the offshore industry is "very challenging" amid fears of further widespread redundancies in the north-east.
The politician who led a committee looking at the oil and gas industry said there will be a “revival” in the North Sea. MSP Murdo Fraser spoke after the findings of a report by the Scottish Government’s economic committee were made public.
Infill drilling work at the Breagh gas field could be delayed as further investments in its first phase are put under review. Sterling Resources said the production at the gas field in the North Sea is continuing slightly ahead of schedule. Production last month averaged 28.1million standard feet of sales gas per day.
A report into the North Sea oil and gas industry has urged the government, companies and the OGA (Oil and Gas Authority) to work more closely together. MSPs on the Scottish Parliament economy committee heard evidence for trade unions, the OGA and Oil & Gas UK about the current challenges facing the industry.
ConocoPhillips said up to 50 positions could go after the company offered voluntary redundancy to staff.
The UK Coastguard Agency must respond to concerns that safety of UK seafarers is being compromised by North Sea operators employing foreign workers from lightly regulated regimes in order to “exploit our natural resources”, a Holyrood committee has said.
Three major factors have combined to create a perfect storm in the sector. First and foremost, the surplus in oil production is depressing oil prices and stifling cash flow. Secondly, the existing debt overhang is exacerbating that issue to critical levels.
Unexploded wartime bombs found near defunct North sea oil and gas infrastructure pose no threat, the operator said yesterday.