Maersk Drilling ‘delivering’ on 2019 plan despite challenging times, says CEO
Maersk Drilling’s chief executive said yesterday the firm is “delivering” on its 2019 strategy despite a slump in first half profits.
oil and gas
ConocoPhillips’ North Sea exit sparks pensions row
US energy major Conoco Phillips has been accused of leaving an “appalling legacy” as it exits the North Sea after 50 years.
Growth drive sees Dutch firm WellGear open new UK base
A Dutch well services firm has made a multi-million pound investment in a new UK base in Aberdeenshire.
Maersk Drilling ‘on track’ despite drop in earnings
Maersk Drilling has said it is “on track” to deliver its 2019 goals despite a £4m pre-tax loss for the first half of the year.
‘New perspectives’ as Subsea Expo 2020 looks beyond oil and gas
Next year’s Subsea Expo will be focussed on new opportunities across the underwater industry, “not just oil and gas and renewables”.
Three running for award celebrating women in energy industry
Three people are in the running for the prestigious Dr Mildred Dresselhaus Award, which celebrates the role of women in the energy industry.
Aberdeen Harbour hails surge of imports thanks to rising oil price
Aberdeen Harbour has hailed a burst of new activity thanks to the rising oil price.
Updated: HSE stats reveal 235 dangerous occurrences in UK North Sea last year
New figures published by the UK’s safety regulator have revealed there were 235 dangerous occurrences in the North Sea last year.
Equinor looks to Rosebank and Bressay projects after Mariner
Equinor will look to develop its Rosebank and Bressay projects in the North Sea once production levels have been ramped up at the new Mariner field.
Shell more than halfway through seismic work on North Sea prospect
Shell is more than halfway through seismic survey work on a newly-acquired North Sea prospect.
Equinor reaches first oil from Mariner after £6.4bn investment
Equinor has hailed a major milestone for the North Sea oil and gas industry with first production from its giant Mariner field.
Mariner is ‘natural fit’ for Equinor despite climate challenge
The Mariner field is a “natural fit” for Equinor’s portfolio, despite growing pressure on the energy transition and climate change.
Milestone as Equinor hits first oil from huge Mariner project
Equinor has hailed a major milestone for the North Sea oil and gas industry with first production from its giant Mariner field.
Brexit and oil price dent profits at Burness Paull
Brexit and the delay in oil price recovery caused profits at Burness Paull to fall in the last 12 months.
Equinor given go ahead to start up Utgard on UK/Norway border
Equinor has been given the go-ahead to begin production from its Utgard field next month.
Bilfinger praises ‘strong demand’ for offshore business
German industrial services giant Bilfinger saw “strong demand” for its offshore services in the UK and Norway in the first half of the year.
Saudi Aramco regaining grip on world’s fastest-growing oil market
Saudi Aramco’s proposed purchase of part of India’s Reliance Industries Ltd. will allow it to regain its grip on the world’s fastest-growing oil market where suppliers including the U.S. and Russia are making inroads.
Awilco Drilling posts loss as rig remains unused for nearly four years
Awilco Drilling has reported a set of losses as one of its two rigs has remained unused for nearly four years running.
Exxon considering sale of UK North Sea assets – report
ExxonMobil is considering a sale of its North Sea assets as it focusses on US shale production, according to a news report.
OGIC and Aberdeen University team up on £1.3million of new drilling technologies
The Oil and Gas Innnovation Centre (OGIC) has joined forces with Aberdeen University to develop £1.3million of new offshore drilling technologies.
Shell completes farm-in to Cluff North Sea licence
Shell has completed a 50% farm in to a North Sea licence held by Cluff Natural Resources (CLNR).
Premier Oil kicks off Tolmount East appraisal drilling
Premier Oil has started drilling an appraisal well at its Tolmount East discovery in the Southern North Sea.
Opex Group wins multi-million pound North Sea contract with Cnooc
Aberdeen-headquartered Operational Excellence (Opex) Group has won a multimillion pound contract with Cnooc International on its North Sea assets.
Aramco remains world’s most profitable company even as oil falls
Saudi Aramco showed Monday it’s still the world’s most profitable company -- and paid out almost all its net income in dividends -- despite the dwindling price of oil.
Sir Ian Wood to receive prestigious Carnegie Medal for philanthropy
One of the north-east’s most renowned business figures has gained international recognition for his philanthropy.