‘Unfinished business’ brings North Sea oil boss back to the basin
North Sea oil and gas veteran Graham Stewart said yesterday a sense of “unfinished business” spurred his decision to launch a new, acquisition-hungry player.
oil
Joy for Premier Oil as near-perfect Catcher pays for itself
Premier Oil said today that its investment in the Catcher project had already been covered by production from the field.
Former Faroe chief launches new North Sea oil firm, plans to raise £10m
A North Sea oil and gas executive who led Faroe Petroleum before the Aberdeen-based firm fell to a hostile takeover has set up a new company.
Oil falls for a third day after Trump dampens trade-deal optimism
Oil fell for a third day as President Donald Trump failed to provide any fresh details on trade negotiations with China, disappointing investors who had been hoping for some progress toward a limited deal.
Boss Thomas says Ithaca ‘raring to go’ after Chevron acquisition
Ithaca Energy’s boss said yesterday that the enlarged company was “raring to go” after completing the £1.6 billion acquisition of US firm Chevron’s UK North Sea business.
Awilco challenges £7.7m tax bill from HMRC
Rig contractor Awilco Drilling said today that it had appealed against the UK taxman’s decision to slap it with a £7.7 million bill.
UK billionaire pulls insider-trading case against oil exec
An investment firm controlled by British billionaire Michael Spencer reached an 11th-hour settlement with an oil executive and his wife in a case that saw insider-trading accusations fly and the threat of a private prosecution.
North Sea pipeline owner Kellas sold to Blackrock, GIC
Private-equity firm Antin Infrastructure Partners has agreed to sell North Sea pipeline and terminal owner Kellas Midstream, headquartered in Aberdeen.
Updated: Delek’s Ithaca completes Chevron North Sea deal
Israeli firm Delek Group's Aberdeen-based subsidiary, Ithaca Energy, has completed the acquisition of Chevron’s UK North Sea business.
Major Apache deal brings work to Baker Hughes in Aberdeen, Montrose
An oilfield equipment deal between two US firms will bring millions of pounds worth of work to the north-east.
Taqa Europe focusing ‘relentlessly’ on safety, third-quarter profits drop
Taqa’s European boss has insisted the company is “relentlessly” focused on safe and reliable operations despite a crew member sustaining a minor injury on a North Sea platform last month.
i3 starts drilling new pilot well on North Sea field
North Sea explorer i3 Energy has started drilling a new pilot well at its Liberator field in the outer Moray Firth.
In-house legal teams increasingly under the cosh
The oil and gas sector has long been one of the most technically ingenious industries.
Siccar Point reaches another milestone ahead of Cambo FID
Siccar Point Energy has reached another checkpoint en route to a final investment decision (FID) for its 900 million barrel Cambo project off Shetland.
Costain wins contracts worth £4m
Infrastructure firm Costain's Aberdeen team will work on contracts worth £4 million for a range of projects, including North Sea oil and gas, nuclear and carbon capture.
‘That mother ain’t ever gonna move again’
In 1975, while piloting a submersible vessel, I conducted bathymetric and obstacle surveys on the Beryl field in the UK North Sea prior to the arrival of the concrete-gravity-based platform Beryl Alpha.
EnQuest working on ‘many potential solutions’ for stricken North Sea rig
Oil firm EnQuest has said it is working with suppliers on a range of options for restoring the Thistle platform to production.
Preventing complacency the key to future growth
One of the country’s most respected regeneration tsars has warned Aberdeen should not become complacent following millions of pounds worth of investment in the city.
UK oil and gas industry holds annual remembrance service in Aberdeen
Scores of people gathered at a special ceremony on Saturday to commemorate all those in the UK oil and gas industry who lost their lives offshore.
Shell chief insists Brent decommissioning plans ‘right thing to do’
A boss at Shell has insisted that leaving the huge concrete legs of the Brent platforms at sea was the “right thing to do”.
Global E&C wins brownfield contract with EnQuest in North Sea
A north-east energy service firm has won a multi-million-pound deal to carry out construction work on a number of UK North Sea platforms and vessels operated by EnQuest.
‘Stabbed in the back’ – Norwegian workers lash out against oil shame
Ole Lie, a drilling supervisor who’s worked for Norway’s oil giant Equinor since the 1990s, is feeling unloved as many are starting to turn their backs on an industry that’s made the Nordic country one of the richest on Earth.
Stalling is one thing, we can’t go into reverse on safety, OGUK director says
The oil and gas industry cannot afford to go into “reverse” on health and safety in the North Sea, a sector chief has warned.
Peterson bags £20m contract renewal with Premier Oil
International energy logistics provider Peterson has strengthened its relationship with Premier Oil after securing a contract worth £20 million.
Apache executive’s departure sparks worst rout since 2016
The high-profile geologist leading one of Apache Corp.’s most-important exploration ventures has stepped down. The company’s shares and bonds tumbled, and the cost to insure against default surged.