An oil and gas firm have been given extensions to three of their Danish projects. New World Oil and Gas Plc have been granted extensions to work programme commitment deadlines on their three Danica Jutland and Danica Resources Limited licences. This will allow for them to propose more technical work to further eliminate the risks of prospects at the spots, located in south-east and south-west Denmark.
The acting chief executive of Molopo Energy has stepped down after four months in charge. Don Engle first took up the role last September and recently completed the sale of the Fiesta asset and helped the new board with corporate procedural matters.
The UK's shadow energy minister recently visited Centrica Energy and Bibby Offshore to discuss the future of the oil and gas industry. Tom Greatrex MP visit Centrica's Aberdeen offics to find out more about how the company's developments on the UK Continental Shelf are helping to create jobs and boost the economy across the country.
Safety remains an "absolute priority" one year on from the publication of a report addressing issues on offshore helicopter flights. The Civil Aviation Authority (CAA)'s CAT-1145 report was released on February 20, 2014 and listed 61 actions and recommendations aimed at addressing accident prevention for workers travelling offshore by helicopter. It comes one month after the CAA said there is still work to be done to improve flight safety.
LGO Energy has raised £1.5 million though company arranged placing of new ordinary shares. The total funds, before shares, will be used to ensure the firm's work in Trinidad is not hindered by the plummeting oil prices. The flagship Goudron operation is low cost and it is thought the venture will stand strong against the current climate, with its most recent well producing 2,000 barrels of oil per day.
A date has been set for the North Sea oil summit. Politicians will meet with industry leaders in Aberdeen on February 2.
BP workers will tomorrow find out if cuts are to affect their jobs. The energy giant is soon expected to share findings of an exercise aimed at saving money.
A new taskforce will be created to support Scotland's oil and gas sector.
Eland Oil & Gas has appointed a new non-executive director. Henry Arthur John Turcan will join the firm with almost 20 years experience working in the financial industry. In 2006 Mr Turcan established Novum Securities, an independent stockbroking business focused on UK listed securities.
Sir Ian Wood, whose intervention in the independence debate caused such a stir after he questioned Scottish Government figures for future oil production, said the electorate had "chosen the best of both worlds".
The oil and gas industry is facing a radioactive waste crisis which could force some platforms to shut down, Energy Voice can reveal.
Engineering firm Power Jacks saw revenues grow by 175% to £13.1million in 2013 – the fastest growth in its 25-year history.