The decommissioning of a North Sea platform will create 35 jobs in Shetland.
EnQuest chief executive Amjad Bseisu said yesterday he expected North Sea mergers and acquisitions (M&A) activity to increase in 2017.
A North Sea worker has been airlifted to hospital after falling ill offshore.
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.
BP has axed a £500million project which would have created hundreds of jobs and delivered a significant economic boost for Shetland.
The Glen Lyon FPSO is expected to arrive at its new home in waters offshore Shetland on Sunday.
An independent facilities manager on Shetland has won a three year contact from oil major BP thought to be worth £10million.
Shetland Gas Plant operators Total have promised to stem the flow of black smoke pouring out of their recently-commissioned flare stack at Sullom Voe.
A survivor of a helicopter crash said he felt "no anger" after it was found pilot error was most likely responsible for the fatal incident, which left four people dead.
Another 17 jobs are to go at Scatsta Airport due to a sharp reduction in offshore activity in the wake of falling global oil prices.
An improvement notice has been issued to Teekay for its Petrojarl FPSO (floating, production, storage and offloading) vessel being used on the Foinaven oilfield.
Shetland fishing chiefs have accused French oil and gas giant Total of inaction over dangers faced by boats in Yell Sound.
NOF Energy, the UK business development organisation for oil, gas, nuclear and offshore renewables sectors, is helping Shetland-based energy sector supply chain businesses access new markets.
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.
A worker has been evacuated from the North Alwyn platform after becoming unwell.
Shetland Islands Council faces a £5.5million chop to its budget next year after BP decided to ship oil to the lower-cost Port of Rotterdam rather than the 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.
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.
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.
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.
A ruling that investigators should hand over flight safety data from a fatal North Sea helicopter crash to Scotland’s leading prosecutor is being challenged.
Bosses at a fish and chip shop have announced they will limit the number of oil and gas workers allowed in their shop at any one time, accusing the workers of “struggling to behave like humans”.
A fresh profits warning on the troubled Laggan-Tormore gas terminal development hit the share price of service giant Petrofac yesterday. Almost £350million was wiped off Petrofac’s market value as shares slid 10% to 912.5p. The firm admitted it would lose a further £130million on the Total-operated project, in addition to the £154million in losses it took on the scheme in 2014. This on a project value of £800million. Ayman Asfari, Petrofac’s Chief Executive listed a number of difficulties facing the development of the loss-making gas terminal that included industrial action and the high cost of doing business in the North Sea.
Petrofac is set to incur a further $195million charge on the Laggan-Tormore project as a result of continued delays. The company is currently building the Shetland Gas Plant for Total after signing a £800million deal in 2010 for engineering, procurement, supply, construction and commissioning of the site. Petrofac has previously said it expected to recognise no further profit or loss on the project over the remainder of the contract duration.
An oil worker has passed away after becoming unwell at the Shetland Gas Plant (SGP). An oil worker has passed away after becoming unwell at the Shetland Gas Plant (SGP). The 61-year-old, who worked for services company Petrofac, said the man had become unwell on site and was taken to Bain Hospital in Lerwick before being transferred to Aberdeen Royal Infirmary. A Petrofac spokeswoman said: “We can confirm that a Shetland Gas Plant worker sadly passed away today (Thursday 26 March 2015).