Shell North Sea boss Phimister takes job with Petroleum Development Oman
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 key oil spread points to price war erupting as supply expands
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.
Oil and gas veteran remembered as ‘one of life’s good guys’
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.
New Gunvor bribery ‘skeleton’ haunts oil tader’s pledge to reform
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 receives £76m refund as part of UK Government tax scheme
Shell received a refund from the UK Government of around $100 million in 2020, according to new figures.
Texas storm to cost Shell up to $200million
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 lands £25million contract with Shell Malaysia
Maersk Drilling has won a contract worth $34million (£24.6m) with Shell Malaysia.
BP cutting debt to $35bn nearly a year ahead of schedule
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.
Family oil firm in Aberdeenshire celebrates best year in business
A family-run oil and gas firm in Aberdeenshire is celebrating its best year in business, 22 years since first setting up shop.
Oil falls as India virus cases surge, OPEC+ opts to boost output
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.
Bilfinger Salamis contractors on Taqa assets claim ‘discrimination’ over IR35 pay changes
A pay row has been sparked between Bilfinger Salamis and dozens of independent contractors it hires on Taqa assets over IR35 tax changes.
Oil pares gain with OPEC+ to choose between hike or holding cuts
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 sinks to £400m losses, eyes extra barrels in Marigold and Isabella
Ithaca Energy sank to losses of £400million in 2020 but the firm is eyeing extra barrels from a pair of North Sea prospects.
Drillships back to pre-Covid levels as owners test $200K ‘ceiling’ on day rates
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.
Brunel launches hydrogen course to retrain oil workers
Energy recruitment firm Brunel has launched a degree for oil and gas workers to retrain for work in hydrogen.
Moray oil boss denies rape bid charge
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 Strathclyde Uni team up to help Scots oil workers move into renewables
Eni and the University of Strathclyde are joining forces to help Scottish oil workers transition into renewables.
Alpha Petroleum submits decommissioning plans for North Sea platform
Alpha Petroleum has handed in decommissioning plans for its Wenlock platform in the North Sea.
Ineos Energy to sell oil and gas business in Norway for $615m
Ineos Energy has announced a deal to sell its oil and gas assets in Norway for $615million.
Global Underwater Hub gets £6.5m from Scottish Government
Plans for a new Global Underwater Hub for subsea engineering, led from Aberdeen, has been allocated £6.5million of Scottish Government funding.
Innovo appoints acquisition manager in the UK as part of new growth phase
Innovo Engineering and Construction is pleased to announce the appointment of William Cappello to the role of UK Acquisition Manager.
Amazon Prime hires Aberdeen oil firms for TV show ‘The Rig’
Amazon Prime has hired a pair of Aberdeen oil companies to help supply the set of its new TV series “The Rig”.
Is the age of the oil and gas expat coming to an end?
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 takes £2bn hit on value of UK North Sea assets
BP has taken a $2.79bn (£2billion) impairment on the value of its oil and gas assets in the UK North Sea.