Talos Energy spends $640m on new deals to expand in US Gulf of Mexico
Talos Energy has struck a number of deals worth $640m (£488m) to expand its footprint in the US Gulf of Mexico.
oil and gas
Chevron to Take $11billion writedown amid weak gas prices
Chevron Corp. expects to write down as much as $11 billion in the fourth quarter, more than half of it from its Appalachia natural gas assets after a slump in prices.
Reuters DecomWorld confirm over 30 international E&P’s to Join 12th annual decommissioning summit in Houston, 2020
DecomWorld – part of Reuters Events- today announced the confirmation of over 30 international E&P delegations to attend their 12th Annual D&A Summit (March 31 – 1 April, Houston).
Aberdeen oil and gas worker aims to make it big as music producer
From boardroom meetings to the DJ decks, aspiring music producer Nick Cronin told Ellie House why gritty soul could be his big break.
Profits plummet 90% for Diamond Offshore’s UK business
Lower dayrates and fewer revenue-earning days saw profits drop by more than 90% at Diamond Offshore’s UK business.
Gulfstream Services International targets Eastern Hemisphere growth with new appointment
Gulfstream Services International (GSI), an offshore equipment and engineered solutions provider, has announced the appointment of Gordon Blackwood as Business Development Director.
Shell wins ruling blocking enforcement of Nigerian spill case
Royal Dutch Shell Plc won a ruling preventing London courts from enforcing a $516 million Nigerian judgment for damages caused by an oil spill almost five decades ago.
Nigeria yet to make contact with pirates holding oil tanker crew
Nigerian security forces have mounted an intensive search for pirates who raided an oil super tanker off it’s coast and seized 19 crew members but have so far not made any contact with the hostage takers, the West African country’s maritime agency said.
Motive Offshore acquires Stavanger’s Pumptech in seven-figure deal
Aberdeenshire-headquartered Motive Offshore Group has acquired a Norwegian subsea services firm in a seven-figure deal.
BP boss confirms green power plans for North Sea platforms
Energy giant BP has confirmed it is studying the potential to power North Sea platforms with green electricity in a bid to cut carbon emissions.
Blow to decommissioning development as MoD rejects plea for help with Lyness oil spill
Plans to redevelop an Orcadian port have been dealt a major blow after the Ministry of Defence (MoD) rejected calls for help with a decades-old navy oil spill.
North Sea FPSO deal part of £93m new transportation contracts for Boskalis
Dutch dredging and heavylift firm Boskalis has announced a clutch of new contracts worth £93m, including a transportation deal for a new North Sea FPSO.
Petrofac announces £93m new deals in North Sea and Malaysia, buys Texas energy services firm
Petrofac has announced new contracts and extensions in the North Sea and Malaysia worth £93m, as well as an acquisition marking its entry to the US onshore services market.
Reliance surpasses BP to join elite oil supermajor club
Reliance Industries Ltd., run by Asia’s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors.
ConocoPhillips plans share buyback that’s almost 50% of market value
ConocoPhillips announced a 10-year plan to buy back $30 billion of shares, equivalent to about half of its current market capitalization, as the oil producer attempts to distance itself from the troubled U.S. shale industry.
NHV takes delivery of new H175 helicopter in Aberdeen
Helicopter operator NHV has celebrated delivery of a new aircraft for its Aberdeen base following some key contract wins.
ExxonMobil says New York used fraud claims to score political points
You’d expect most companies accused of a longstanding fraudulent scheme to be thrilled if the government dropped those claims against them. Not so for Exxon Mobil Corp. -- at least not today.
Aberdeenshire resident facing $1million lawsuit from Schlumberger
A north-east man is being sued by oilfield services giant Schlumberger for $1million after they claimed he left the firm to work for a rival.
Analysis: Schlumberger lawsuit is lesson ‘not to pay lip service’ to binding contracts
The Schlumberger lawsuit is a lesson for employees “not to pay lip service” to legal contracts, according to an employment law expert.
West End accountancy firm marks new era with move to Westhill
A new era has begun for a north-east business conceived over pre-match drinks before Aberdeen FC games at Pittodrie Stadium.
More new oil and gas inventory coming from mergers, not exploration
Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration.
Maersk Drilling wins £30.3m Caribbean contract with Shell
Maersk Drilling has won a £30.3million contract for work in the Caribbean with a subsidiary of energy giant Shell.
Iran’s giant oil discovery brings ‘little material benefit’ under crushing US sanctions
Iran’s 50billion barrel oil find will bring little benefits while it remains under the weight of US sanctions, an analyst has said.
Aberdeen and Inverness ranked among top 10 cities to live and work in UK
Inverness and Aberdeen are ranked top in Scotland, and among the top 10 locations overall in league tables of the best cities to live and work in the UK.
N-Sea wins contracts worth £11.6m in Middle East
Subsea inspection, maintenance and repair (IMR) firm N-Sea has won a series of contracts out of its Middle East base worth a combined £11.6m.