Oil & Gas

EnQuest back in the black


EnQuest chief executive Amjad Bseisu said yesterday he expected North Sea mergers and acquisitions (M&A) activity to increase in 2017.

Other News

Shetland port hit by oil slump


The oil and gas slump has taken a toll on Shetland’s main commercial port in the first half of 2016 although a record cruising season means Lerwick Harbour’s ship has still come in.


High winds halt tanker berthings at Sullom Voe


Oil tanker berthings at the Sullom Voe oil terminal in Shetland have been suspended until at least the early hours of tomorrow morning because of high winds, port authority and trade sources said today.

Oil & Gas

Job consultation launched at Sullom Voe Terminal


Talks are being held with Wood Group and Bilfinger Industrial Services staff working at the Sullom Voe Terminal in Shetland over the future of up to more than 200 positions. Wood Group is in discussions regarding around 90 positions at the BP-operated terminal following a review of its personnel requirements brought on by changes being made to work on the site. Meanwhile Bilfinger Industrial Services said it had also initiated consultation due to changes in seasonal workloads and winter working conditions.

Market info

Petrofac hit by losses from increase in Shetland project costs


Petrofac has posted a net loss for the first half of the year which was affected by an increase in costs from its Laggan-Tormore project in the Shetland Islands. The company said net loss for the period was $133million, compared with a net profit of $136million a year earlier. Petrofac has incurred $236million in loss on the delayed Shetland Islands project so far this year.

Other News

Top law officer’s bid to get black box is delayed


Scotland's top law officer will have to wait until the end of the year to find out if prosecutors can get early access to the black box from a doomed helicopter. Four oil workers died when the Super Puma AS332-L2 aircraft plunged into the sea off Shetland in August 2013. Lord Advocate Frank Mulholland launched a legal challenge at the Court of Session earlier this year to try to speed up an investigation into the tragedy.

Other News

Scatsta to reduce staff at airport in Shetland in wake of oil price decline


Shetland’s busy oil airport at Scatsta is set to cut staff by almost a third in response to the offshore industry contracting its North Sea operations in the wake of the oil price decline. Airport operators Serco have confirmed they are looking to reduce their headcount by between 25% and 35% by the end of the year. The move comes after Bristow Helicopters announced it was in consultation with staff over jobs earlier this month.