Benevolent oil boss helps his boyhood Scout group buy old north-east church hall as new home
A former Scout turned Aberdeen oil boss has helped his boyhood group buy an old church hall to use as their permanent home.
oil
Top North Sea emitter UK needs to electrify its rising oil and gas output to reach climate goals
The UK Government has set a goal to reach net zero emissions by 2050.
Five more firms to get behind new deal for UK North Sea workers
Five more energy service firms have agreed to help develop an alternative to a key UK North Sea collective bargaining agreement that is being scrapped.
Kishorn Port enhances offer with new accommodation block
The upgrading of Kishorn Port (KPL) as its owners bid to win more work from the oil and gas, renewable energy and decommissioning sectors has continued, with the establishment of new on-site accommodation for workers at the remote Wester Ross facility.
Clinic leads way in rapid test kits for coronavirus
An Aberdeen-based healthcare business is among the first in the world to get its hands on the latest in Covid-19 testing technology from life sciences firm LumiraDx.
South Sudan fails to pay workers as oil plunge fuels crisis
South Sudan is running short of foreign-cash reserves and is struggling to pay public-servants’ wages as Africa’s newest country battles weak oil prices and violence that’s straining a peace agreement.
Oil edges higher ahead of OPEC+ meeting with demand in focus
Oil has climbed ahead of an OPEC+ meeting this week that will assess the group’s production cuts as the recovery from virus-driven demand destruction falters.
Greece and Turkey willing to enter talks on sea dispute
After weeks of tensions in the eastern Mediterranean, Greece and Turkey have signalled a willingness to start talks aimed at resolving a long-standing sea dispute tied to potentially lucrative offshore gas deposits.
Hurricane ‘arguably’ a takeover target after ‘awful’ downgrade, analyst says
Hurricane Energy is now “arguably” a takeover target for companies brave enough to “take a punt on basement plays” after it revealed a huge downgrade to its resource base, an analyst has said.
Updated: Hurricane makes huge cuts to west of Shetland oil resource estimates
Hurricane Energy slashed its oil resource estimates in a crushing blow to investors who hoped the firm would become a west of Shetland oil powerhouse.
Eight steps for a safe and healthy workplace
Organisations have continued to operate safely throughout the Covid-19 pandemic, with business leaders adapting to protect the health and safety of their employees both on and offshore.
Serica hunts for deals as majors look to rationalise portfolios
Serica Energy chief executive Mitch Flegg has said the North Sea oil and gas firm is on the hunt for acquisitions as majors look to “rationalise” their portfolios.
Serica boss hails ‘extremely low cost base’ as firm stays in the black
Serica Energy’s boss said today that maintaining an “extremely low cost base” was a key factor in the company’s delivery of profits in the first half of 2020.
We must lead. We must act.
The Covid-19 pandemic has had a vast impact on people’s lives, as well as on companies around the world.
CHC ‘up for the challenge’ of evolving amid price pressures, boss says
North Sea helicopter bosses created some turbulence of their own last month with eyebrow-raising statements about competition and pricing pressures.
Oil back above $40, buoyed by rising equities and technicals
Oil moved back above $40 a barrel in London, as broader markets rebounded from Tuesday’s selloff.
Updated: Oil extends losses after first sub-$40 close since mid-June
Oil extended losses after its biggest one-day drop in more than two months as growing doubts over the strength of the global demand recovery along with continued weakness in stocks soured market sentiment.
Shell confirms first gas from Fram field
Production from Shell's Fram gas and condensate field in the UK central North Sea has started up.
Real ‘horsepower’ going into transitional sector deal proposals, industry chief says
Neil Sims is encouraged by the “horsepower” that’s being put behind the sector’s new sector deal application.
‘Serious’ blue hydrogen talks between OGA, Euro supermajor and private equity backed firm
Innovative partnering between oil and gas, renewables, hydrogen and carbon capture can accelerate energy transition, says the UK’s Oil and Gas Authority (OGA).
Concerns UK oil regulator ‘losing balance’ in net-zero push, Neptune chief says
The North Sea oil industry’s old guard is concerned that the sector’s regulator is “losing balance” as a result of its efforts to help government meet net-zero targets, a top boss has claimed.
EV Out Loud: Decom cash, a rig dash and a South African splash
Should the government stump up some of the cash it was going to pay out for decommissioning ahead of time, in order to get the ball rolling? Decom North Sea thinks so, although other opinions are available. At a time when the national debt is hitting record levels, and a number of sectors are calling for help, the government may not want to help out the oil and gas industry.
Updated: EnQuest bosses says recent footprint shrinkage part of ‘natural cycle’
EnQuest bosses said today that the recent shrinking of the firm’s UK North Sea footprint was just part of the “natural cycle”.
WATCH: Ninian Northern loaded onto quay at Lerwick
The operation to load-in the 14,200 tonne Ninian Northern topside at Lerwick Harbour's Dales Voe Base has been completed successfully.
Total gets down to drilling last UKCS exploration well of 2020
Westwood Global Energy reports that as of September 2 there were two exploration wells active in the UK, with one in the central North Sea and one in the northern North Sea. So far in 2020, three exploration wells have completed. There has been no appraisal drilling yet this year.