Shell North Sea boss Steve Phimister is moving to the Middle East as part of a new role with Petroleum Development Oman (PDO).
oil and gas
A price war may be looming in the global oil market as rising output from OPEC+ and the Middle East boosts the competitiveness of the region’s shipments, potentially forcing other suppliers to discount their barrels.
The worlds of north-east business, charity and sport are mourning the death of “one of life’s genuinely good guys”, Duncan Skinner, who has died aged 63.
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
Shell received a refund from the UK Government of around $100 million in 2020, according to new figures.
The effects of the Texas storm are expected to cost Shell up to $200million (£144.7m), according to analysis issued by the oil giant.
Maersk Drilling has won a contract worth $34million (£24.6m) with Shell Malaysia.
BP expects to hit cut its debt to $35billion (£25.2bn) nearly a year ahead of schedule thanks to proceeds from a flurry of deals, moving forward its timeline for share buybacks.
A family-run oil and gas firm in Aberdeenshire is celebrating its best year in business, 22 years since first setting up shop.
Oil fell after OPEC+ decided to increase output from next month and coronavirus cases in India surged, potentially sapping demand in the world’s third-biggest importer.
Weather conditions bring evacuations of multiple North Sea platforms and dozens of cancelled flights
Several North Sea platforms have been downmanned over the last few days due to adverse weather conditions.
A pay row has been sparked between Bilfinger Salamis and dozens of independent contractors it hires on Taqa assets over IR35 tax changes.
Oil pared an earlier increase in New York ahead of a high-stakes OPEC+ policy meeting, with producers debating whether to extend deep supply curbs or ease them.
Ithaca Energy sank to losses of £400million in 2020 but the firm is eyeing extra barrels from a pair of North Sea prospects.
The “psychological ceiling” of $200,000 day rates for offshore drillships will be broken “more routinely” now that the market has reached pre-Covid levels.
Energy recruitment firm Brunel has launched a degree for oil and gas workers to retrain for work in hydrogen.
An oil boss accused of sexually assaulting a woman at his second home left before the police arrived because he “didn’t have any clothes to wear the next day”, a trial has heard.
Eni and the University of Strathclyde are joining forces to help Scottish oil workers transition into renewables.
Alpha Petroleum has handed in decommissioning plans for its Wenlock platform in the North Sea.
Ineos Energy has announced a deal to sell its oil and gas assets in Norway for $615million.
Plans for a new Global Underwater Hub for subsea engineering, led from Aberdeen, has been allocated £6.5million of Scottish Government funding.
Innovo Engineering and Construction is pleased to announce the appointment of William Cappello to the role of UK Acquisition Manager.
Amazon Prime has hired a pair of Aberdeen oil companies to help supply the set of its new TV series “The Rig”.
The upheaval of 2020 accelerated a number of trends that were already in motion, some slower in motion than others: flexible working, digital communication and employee wellbeing to name but a few.
BP has taken a $2.79bn (£2billion) impairment on the value of its oil and gas assets in the UK North Sea.