Orkney-based study to boost reliability of tidal power systems
The second phase of an international study has been announced to boost the reliability of tidal and wave energy systems.
Serious Fraud Office to recover £4.4million following ‘Chad Oil’ corruption case
The UK’s Serious Fraud Office (SFO) is to recover £4.4million pounds lost in a corruption case involving bribes to Chadian diplomats in the US and Canada.
Union says Stena Drilling “not wanted” in Norway following row
A Norwegian offshore union has said that Aberdeen-based Stena Drilling is “not wanted” in the country’s waters following a row.
OPEC reaches record compliance to deal with global supply glut
Compliance with a deal to cut global oil output reached record levels in February, according to a committee of OPEC and non-OPEC countries.
“Missed opportunity” for UK supply chain on offshore wind, says report
A major UK Government report has described a lack of UK firms in the offshore wind supply chain as a “missed opportunity”.
Ex-Occidental boss to form new Houston oil company in $2.7billion deal
Steve Chazen didn’t miss the drudgery of quarterly earnings calls after he retired as chief executive of Houston’s Occidental Petroleum Corp. in 2016. But he found he missed the one-on-one talks with investors, who, unlike most people in the oil business, weren’t afraid to tell executives when they thought their ideas were stupid.
Petrofac wins £142million EPC contract in India
Oilfield services giant Petrofac has won a $200million (£142million) engineering, procurement and construction (EPC) in India.
Forth Ports appoints manager for Scottish decommissioning
Forth Ports has appointed a new business development manager to focus on oil and gas decommissioning activity in Scotland.
Shell predicts annual free organic cash flow for downstream of $6-7billion by 2020
Oil major Shell has announced it expects to generate between $6-7billion in annual organic free cash flow for its downstream business by 2020.
Aberdeen’s MInteg opens Australian base to tap into LNG market
Aberdeen-headquartered MInteg has opened its first international base in Australia for entry into the country’s oil and gas market.
Enquest waiting on the ‘right offer’ for Kraken sale
Enquest says it is waiting on the “right offer” for the sale of a 20% stake in its Kraken field in the North Sea.
BP to invest $500,000 in clean energy start-up network
BP is to invest $500,000 (£357,000) in a US-based clean energy consortium which supports start-ups and entrepreneurs in the sector globally.
Fire breaks out at oil storage tank in Singapore
Emergency crews are dealing with a fire that has broken out at an oil storage tank on an island off the southern coast of Singapore.
BP America appoints new chairman and president
BP America has appointed Susan Dio as its new chairman and president, the energy giant's chief representative in the United States.
Serinus Energy says “monitoring error” caused well blowout and fire
Canadian-headquartered exploration firm Serinus Energy says an “error in monitoring” caused a well blowout and resulting fire at the end of last year.
Aberdeen maintenance contract for BP’s Tangguh LNG expansion
Engineering firm Add Energy has won a contract with BP for maintenance build work on its Tangguh liquefied natural gas (LNG) project in Indonesia.
Kvaerner scores with new CEO
Norwegian engineering firm Kaerner has appointed Karl-Petter Løken as its new president and chief operating officer.
Enquest announces production boost in full year results
Enquest has announced it is set for a boost in production in 2018, bolstered by its North Sea Kraken development.
Wood posts loss following Amec takeover
Aberdeen-headquartered Wood has posted a loss of following its takeover of Amec Foster Wheeler last year.
Prosafe accommodation vessel contracted for BP’s Clair Ridge
Prosafe has signed a five-month contract with supermajor BP for the provision of an accommodation vessel at the Clair Ridge platform in the West of Shetland.
Faroe posts boost in revenues
Norway-focussed exploration firm Faroe Petroleum posted an increase in revenue in its 2017 results.
Call to action over gender pay gap at EV’s Women in Energy event
Calls to action over the gender pay gap and inclusivity were among the hot topics at the Women in Energy event , hosted by Energy Voice.
Wood wins £640million contract to help provide power in Sub-Saharan Africa
Aberdeen-headquartered Wood has won a $990million (£640million) framework contract from the US government to help provide power in Sub-Saharan Africa.
Statoil takes over Martin Linge operatorship from Total
Statoil has finalised a deal with Total to take over operatorship of the Martin Linge field and Garantiana discovery on the Norwegian continental shelf.
‘Netflix for Oil’ setting stage for $1trillion data battle
The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never before realized could be valuable. But their exploration customers are essentially saying hands off to anything coming out of their wells, including the streams of zeros and 1s.