RAF squadron looks to oil and gas sector to bolster ranks
An RAF squadron set up at the height of the Cold War is looking to the oil and gas industry as it seeks to bolster its ranks.
oil and gas
Report finds sweeping blame and negligence for fatal Oklahoma rig explosion
An independent federal review of a 2018 fatal oil rig explosion in Oklahoma determined there is sweeping blame to be shared by the entire energy sector and government for a woeful lack of oversight and regulations for onshore oil and gas drilling.
$220bn at stake as project sanctioning gears up, says Rystad
Cost uncertainty for offshore oil and gas projects around the globe could be as high as $220bn over the next four years.
North Sea fledgling Talon appoints former Nautical Petroleum CEO
Fledgling North Sea explorer Talon Petroleum has appointed an expert in the region to its board.
KCA Deutag announces new chief executive
Aberdeen-headquartered oilfield services firm KCA Deutag has appointed a new chief executive as incumbent Norrie McKay prepares for retirement.
New era heralds new jobs for Aberdeen IT firm Alto
An Aberdeen IT firm is creating new jobs and aiming to double turnover as it parts ways with a Welsh partner.
North Sea oil to retain Korea tariff waiver even with no-deal Brexit
North Sea crude will retain its attractiveness to South Korean buyers when the U.K. leaves the European Union following a deal between the two countries.
Oil optimism slumps to 12-week low as price dips to bear market
Hedge funds kept running away from oil as prices tumbled into a bear market.
Firms urged to assess risk exposure to IR35 changes
A fundamental shake up of the tax rules applying to contractors has the potential to cause increased costs and risks to the oil and gas industry.
Prosafe in Floatel takeover to create world’s largest offshore accommodation firm
Prosafe has signed a deal to acquire Bermuda-based Floatel International to create the “world’s largest” offshore accommodation company.
Mega-projects increasing UK’s ‘significance’ for Equinor
Mega-projects in the North Sea are pushing the UK higher up Equinor’s list of priorities, according to bosses at the Norwegian energy giant.
OPEC general secretary to address Dundee Energy Forum
The general secretary of OPEC, Mohammed Barkindo, will give the keynote speech at this year’s Dundee Energy Forum next week.
Sound move for Rosen to head to Aberdeen
Choosing to open a consultancy office in Aberdeen in the midst of a downturn in the oil and gas sector may have seemed like a bold move, but it is one that has proven to be a sound investment for the integrity heavyweight Rosen Group as they continue to grow and expand the pool of technical knowledge and expertise available to clients based here in the Granite City.
Healthy offshore workforce means a healthy balance sheet
Employees are a company’s most valuable asset so it makes sense to look after them.
New strategy to steer through training challenges
The Engineering Construction Industry Training Board (ECITB) has launched its new three-year strategy, which aims to steer companies through the growing challenges that lie ahead from now to 2022, and beyond.
Saudi Aramco to attend Aberdeen event
Over the next 10 years Aramco plans to invest US$500bn in the global energy market, presenting an unparalleled opportunity for the UK supply chain to win significant work on worldwide projects with one of the largest operators in the world.
First gas from Culzean in ‘a few days’ says Total
First production from one of the UK’s largest gas fields is due in “a few days’ time”, according to the North Sea boss of Total.
BP sells mature assets in Egypt for undisclosed fee
Energy giant BP has agreed to sell off its mature assets in Egypt’s Gulf of Suez for an undisclosed fee.
Reacting fast to a growing skills shortage
Investing in technology and boasting a wealth of highly competent inspectors and technicians, Bilfinger Salamis UK’s inspection department delivers quality services to clients across north-west Europe.
Verus Petroleum toasts ‘transformational’ 2018 as profits increase six-fold
Verus Petroleum has toasted a “transformational year” as it saw profits increase six-fold in 2018.
Profits jump 20% as Alba powers up
International growth and a boost from the oil and gas market helped profits jump more than 20% in 2018 for an Aberdeenshire gas turbine company.
MSPs call on Scottish Parliament to end investment in fossil fuels
A group of MSPs have called on the Scottish Parliament to end its investment in fossil fuels.
A flying start for Texo Group
Texo Group, which formed in August 2018, has announced it is on target to exceed all of its budgeted expectations for its first year.
US energy department rebrands fossil fuels as ‘freedom gas’
The US Department of Energy has appeared to rebrand the country's natural gas as "molecules of freedom".
Former recruiter in bid to tackle ‘PR challenge’ for oil and gas
A recruiter, who was made redundant five times in the last downturn, has set up an event to help address the “PR” problems being faced by the oil and gas industry.