GUH: Major projects await but subsea sector needs more visibility
Global Underwater Hub CEO Neil Gordon says the subsea sector needs clearer visibility on major projects in wind, oil and gas and defence.
Norway well-slot: Lupa discovery for Var Energi
As of 19 December, Westwood Global Energy reports that there are three exploration wells active, with one in the Barents Sea, one in the Norwegian Sea, and one in the North Sea. One exploration well is suspended.
Well-Slot: TotalEnergies’ Alwyn East on the way
As of 19 December, Westwood Global Energy reports that there are three exploration wells active, with one in the NNS, one in the CNS and one in the SNS. One appraisal well is currently active in the CNS. Since the previous report, one well has completed at Rockhopper.
Tony Buckingham: The ex-mercenary oil baron nominated for Hurricane Energy board
Tony Buckingham, who started his career as a North Sea diver, has had a colourful career.
Christmas present for Var Energi with ‘largest discovery of the year’ in Barents
Var Energi (OSLO: VAR) is celebrating Christmas early as it announces the “largest discovery” in the Barents Sea this year.
Seadrill to acquire rival Aquadrill in near $1bn deal
Seadrill (NYSE: SDRL) has announced it will acquire rival rig owner Aquadrill in an all-share deal worth nearly $1 billion.
Hurricane Energy: Largest shareholder moves to oust management team
Hurricane Energy described the move from Crystal Amber Fund as "simply mystifying" as the firm is getting "excellent traction" on its sales process.
Video: Oil rig rescue as helicopter ditches in Gulf of Mexico
The US Coast Guard has released images of a rescue of a trio of workers after a helicopter ditched in the Gulf of Mexico after attempting to land on an oil rig.
Christmas comes early for EnerQuip with $10m contract awards
Aberdeen-based EnerQuip is finishing off 2022 strong with nearly $10m of deals secured and a recruitment drive in the works.
Awilco Drilling raising $10m for legal battle with Singapore shipbuilder Keppel
Aberdeen-headquartered Awilco Drilling (OSLO: AWDR) is raising $10m to help finance an ongoing legal case with Singapore shipbuilder Keppel FELS.
How are we helping the offshore energy supply chain?
How is the North Sea supply chain being supported, amid concerns over crippling costs and poor visibility on opportunties?
Aberdeen decom firm CUT lands contract with Heerema on way to £5m turnover
Aberdeen decommissioning firm Cutting Underwater Technologies (CUT) has landed a key, four-year contract with heavy lift specialist Heerema Marine Contractors.
EXC: New Aberdeen firm Elemental Energies buys-out Vysus wells business
A core team of 20 from Vysus' Senergy Wells will move to Elemental Energies, along with various contractors. There will be no redundancies.
Prioritising health and wellbeing – a new way forward
Post pandemic has been the dawn of a new era for businesses with many now understanding the importance of prioritising the health and wellbeing of staff.
Scotland unveils plan for onshore wind ramp up by 2030
Scotland will deploy a "minimum" of 20GW by 2030.
Petrofac shares take a hit on $100m losses announcement
Analysts weigh-in on Petrofac’s dire news and the road ahead.
Big Oil stages a Big Comeback as Exxon valuation passes Tesla
The largest US oil company, Exxon Mobil (NSYSE: XOM), has surpassed electric-vehicle giant Tesla Inc (NYSE: TSLA) in market value for the first time since 2020 as investors sell high-growth stocks and buy up value stocks in the energy sector.
Tailwind ‘is not the endgame’: Serica eyes up more deals and projects
After Tailwind, Serica Energy eyes new projects in the UK like the Belinda discovery, along with more deals and a potential energy transition shift.
Petrofac predicts losses of $100m for 2022
Petrofac (LON: PFC) has warned it will report losses of around $100m in 2022 due to “challenges” linked to its engineering and construction (E&C) arm.
Serica Energy to buy fellow North Sea operator Tailwind in £367m deal
Completion of the deal will put Serica in the club of top 10 producers in the UK North Sea.
Gazprom pays itself £28.7m dividend from UK North Sea business
Gazprom has stakes in five licences in the UK North Sea.
$1.4 trillion investors call on Big Oil for more aggressive climate targets
Shareholder activist group Follow This filed resolutions with Shell (LON: SHEL), BP (LON: BP), ExxonMobil (NYSE: XOM) , and Chevron (NYSE: CVX).
Hydrogen not a ‘panacea’ for reaching net zero, say MPs
Hydrogen is not the "panacea" for reaching net zero emissions by 2050, MPs have said.
Discovery? Shell says Orlov find in UK looks ‘promising’
Shell could be on to the first UK North Sea discovery this year with Orlov.
‘He was a one-of-a-kind’: Family tributes to worker killed on Qatar oil rig
38-year-old Robert Robson, of Tyne and Wear, was killed in the incident in the Persian Gulf.