GSA deal contributes to pre-tax loss for Petrofac
An impairment charge from Petrofac’s deal to sell its stake in the Greater Stella Asset helped it to a pre-tax loss in the first half of the year.
Treasury ‘reaffirms commitment’ to North Sea
The UK Treasury has “reaffirmed” the UK government’s commitment to the North Sea in a visit to Aberdeen yesterday.
Kraken sinks Armada’s results
Malaysia’s Bumi Armada fell to a second quarter loss due to charges relating to the Kraken FPSO.
Maersk Drilling in fresh perspective for the North Sea
The man tasked with driving innovation at Maersk Drilling believes the industry is in a race to find the most competitive barrel of oil before demand peaks.
Style and comfort blend together to promote effective safety wear
In the energy industry, improving worker safety through the use of personal protective equipment (PPE) has always involved partnership.
Faith grows in offshore revival
Private equity firm Blue Water Energy (BWE) is more interested in buying than selling at present as offshore activity shows signs of a “rebound”, its co-founder said.
North Sea activity boosts highlands and islands airports
Holidaymakers and increasing North Sea oil activity helped total passenger numbers at Highlands and Islands Airports (Hial) rise 3.4% to 140,312 in June, compared to the same month last year.
Pipetech stays lean and mean
North-east energy service firm Pipetech is investing £200,000 in its facilities and taking on new engineers to support its expansion drive.
BP tech chief hopes conference will be ‘call to arms’ for North Sea
BP’s global head of technology hopes an inaugural conference in Aberdeen next week will act as a “call to arms” for the North Sea on innovation.
Faroe ‘pleased’ DNO withdraws request for seats on board
Faroe Petroleum has today said it is “pleased” DNO has withdrawn a request seeking seats on its board.
Ithaca announces start-up at North Sea Harrier field
Aberdeen-based Ithaca Energy has announced production has started on its Harrier oil and gas field in the North Sea.
Azinor spuds Agar Plantain exploration well
Azinor Catalyst has announced drilling has started on the Agar/Plantain exploration well in the North Sea.
Business property market rebounds
Economic recovery in the north-east is reflected in the latest figures for Scottish commercial property sales, an expert said yesterday.
‘Dominance of S-92 risky for industry’
The “risky situation” of Sikorsky S-92 helicopters dominating oil and gas travel in Norway is not sustainable, according to an industry expert.
Former Wood Group CEO named ‘icon of the year’
Scottish Enterprise chairman and former Wood Group chief executive Bob Keiller was yesterday unveiled as Scotland’s “icon of the year” in the Barclays Entrepreneur Awards.
Industry needs diversity, not consolidation, says EVPE investment expert
Oil exploration and production (E&P) firms that are trying to reduce the number of suppliers they deal with are taking a “schizophrenic” approach to business, a Norwegian investment expert said.
Inside track to decommission off Norway
Unlike the common practice in the UK, licensees in the Norwegian continental shelf (NCS) do not routinely provide or have the benefit of security for the cost of decommissioning the facilities and installations used to extract oil and gas.
Innovation can help ease climate change
I think it’s not unreasonable to say that for oil and gas the two innovations that have had the most impact are horizontal drilling and 3D seismic.
Time lag leaves marine construction in ‘tough place’
The marine construction business remains a “tough place to work” due to the lag time between projects being sanctioned and work getting started offshore, an industry expert has said.
TechnipFMC wins ‘large contract’ for Vietnam chemical plant
Energy services giant TechnipFMC has won a contract worth between £388million and £777m in Vietnam.
India oil demand could lead to long-term trade with Europe , says WoodMac
A surge in oil demand in India could lead to long-term trade with Europe, according to analysts WoodMackenzie.
DNO withdraws request for seats on Faroe board, criticises ‘hostile response’
Oslo-listed DNO has withdrawn a request for a meeting to gain seats on Aberdeen-based Faroe Petroleum’s board, criticising the firm’s “increasingly hostile response”.
Petrofac’s GSA exit will allow it to refocus on core business, says Westwood
Petrofac’s exit from the North Sea Greater Stella Area (GSA) will allow it to refocus on its core business, according to analysts Westwood Energy.
ONS 2018: Conference chief says more project FIDs on the cards
The Norwegian continental shelf is awash with “optimism” as the biennial ONS rolls into Stavanger.
Offshore goes space-age
A new biennial event aimed at driving radical digital and technological transformation across the offshore oil and gas industry will launch in Aberdeen next month.