Ocean Rig files for bankruptcy protection in US courts
Greek platform operator Ocean Rig has filed for Chapter 15 bankruptcy protection in a US court due to the prolonged downturn in the industry.
EnerMech adds 19 cranes to extend E&P contract with Total
French supermajor Total has awarded Aberdeen based EnerMech a new three-year contract believed to be worth a seven figure sum.
Petrofac win $1.3billion EPC contract in Kuwait
Kuwait Oil Co has awarded British oilfield services company Petrofac a $1.3 billion engineering, procurement and construction (EPC) contract for the Burgan oil field in south-east Kuwait.
Baker Hughes to downsize ahead of GE merger
Baker Hughes employees in Norway have been offered severance packages ahead of a planned merger with GE Oil and Gas.]
Sparrows to provide crane services for massive Australian LNG project
Aberdeen-based Sparrows Group has secured a three year contract to deliver services for one of the most significant modern oil and gas projects in the world.
Duke’s eco friendly taxi cab to go on display after two decades of Royal service
The Duke of Edinburgh’s eco-friendly taxi will go on display after almost two decades of royal service.
Perry presses ahead with Trump’s plans to restart Yucca nuclear waste facility
US energy secretary Rick Perry has taken the first step in restarting plans for the proposed Yucca Mountain nuclear waste facility in Nevada.
Iraq’s Taq Taq reserves downgraded, Genel expects $181m impairment charge
Genel Energy expects to record an impairment charge of $181million on its books for 2016 after reserves were downgraded at the Taq Taq field in Iraq.
Oranto bets big on on war ravaged Sudan
Nigeria’s Oranto Petroleum International Ltd. plans to bet half a billion dollars that Africa’s newest nation can end a three-year civil war and create the conditions to revive its oil industry.
Breaking: Bowleven announce interim results, go from red to black
Troubled Scottish oil explorer Bowleven has moved out of the red and into the black as it reveals its interim results for the second half of 2016.
Delight as untapped field found west of Shetland
The discovery of an “absolutely colossal” untapped oil field has given the North Sea a welcome shot in the arm.
Oil rich Qatari investors urged to back cyber-security and healthcare projects ahead of Brexit
Qatari investors will be urged to back cyber-security and healthcare projects as part of a drive to secure trade deals as the UK prepares for Brexit.
Trump signals end of Obama’s green projects in bid to boost domestic fossil fuels
Donald Trump is expected to sign an executive order that will suspend, rescind or flag for review more than half a dozen green measures in an effort to boost domestic energy production in the form of fossil fuels.
McCaig calls Hurricane find another reason to revise fiscal regime
Callum McCaig has welcomed Hurricane's announcement that it may have found the largest undeveloped UK North Sea reserve.
Jury still out on economics of basement plays like Hurricane
The jury is still if it will be economically feasible to recover oil from fractured basement plays like Hurricane's Lancaster, according to one analyst.
North Sea 50 years on and still surprising, says OG UK’s Upstream director
Fifty years into the North Sea oil and gas industry it can still prove full of surprises, according to one expert.
Opinion: Treasury’s North Sea tax paper raises interesting points
The Spring Budget included the announcement of the formation of an expert panel to consider the impact of the North Sea tax regime on late life asset transactions, and promised the publication of a discussion paper to inform the panel’s remit. The discussion paper provides some insight into HM Treasury’s current thinking in this area and presents the industry with an opportunity to respond and get involved with the discussion.
Opinion: Energy Jobline says yes to Sector Mobility within energy
Energy Jobline and Airswift have recently released the first edition of the Global Energy Talent Index (GETI), a market-leading report that investigates industry trends such as salaries and benefits, sector mobilization and hiring changes.
#Oil17: New World Order – give your view on the industry
#Oil17: New World Order is the publication’s third annual sector survey.
Aberdeen Young Professionals ball brings glitz and glamour to the north-east
The inaugural Aberdeen Young Professionals Ball brought glitz and glamour to the Granite City as recent graduates mingled with their mentors at a stylish soiree to celebrate success in the workplace.
Opinion: Bridging the energy expectations gap
With the launch of the first Global Energy Talent Index, Sam Cross, senior vice president North America at Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, argues that to capitalise on the Trump administration’s energy ambitions, North American firms need to better understand the talent they want to recruit.
Lancaster discovery best in past 16 years
Hurricane Energy’s Greater Lancaster Area discovery is not as big as the giant Buzzard field but it eclipses all other finds in the UK North Sea in the past 16 years.
Fumagalli given board room appointment at Independent Resources
London listed Independent Resources has appointed Marco Fumagalli to the board as non-executive director with immediate effect. The upstream oil & gas company, which is focused in the Mediterranean basin, made the announcement this morning. The 46-year-old is a 25% shareholder in Continental Investment Partners, an affiliate of Greenberry plc, the company’s new cornerstone investor.
Repsol renews accommodation charter ahead of first oil from flagship MAR
Repsol Sinopec has renewed a charter for an accomodation vessel after delaying first oil from its flasgship Montrose Area Redevelopment until Q2.
Qatar to invest £5billion in UK plc
Qatar said it will invest £5billion in the UK over the next five years, deepening the countries’ trade ties ahead of aBrexit breakaway from Europe.