Phil Kirk to step down from UK’s top producer Harbour Energy
Phil Kirk, Europe chief executive of Harbour Energy (LON: HBR), and founder of its predecessor Chrysaor, will step down at the end of this month.
Oil climbs near seven-year high as traders count down to OPEC+
Oil climbed ahead of an OPEC+ meeting that may endorse another modest lift in output, with traders speculating that the actual increase delivered by members could again fall short of the headline figure.
Saipem investors questioning CEO’s strategy after surprise profit warning
Saipem chief executive officer Francesco Caio is under pressure from investors after a surprise profit warning Monday sent the oil drilling specialist’s shares to their lowest since 1992.
Digital Petroleum Week London kicks off later this month
A global gathering that connects key players in the digital oil tech ecosystem...
Stena Drilling lands deal with Petrofac as Gannet E expansion project progresses
Stena Drilling has won work for a drilling campaign with Petrofac in the UK North Sea for Tailwind’s expansion of the Gannet E field.
BP’s Russia risk rises again as Ukraine crisis simmers
Of all the international oil majors, BP potentially has the most to lose if the situation in Ukraine triggers a crisis between Russia and the West.
ExxonMobil to move headquarters to Houston
ExxonMobil will relocate its corporate headquarters to the Houston area from suburban Dallas and combine its chemical and refining divisions in a major shake-up aimed at reducing costs.
Aberdeen oil firm Parkmead acquires onshore wind business for £3.3m
Aberdeen oil firm Parkmead Group (LON: PMG) has acquired an onshore wind business for £3.3 million.
Maersk Drilling lands $32 million contract extensions off Malaysia
Maersk Drilling has landed $32 million worth of contract extensions off Malaysia.
Odfjell Drilling plans split into two separate companies
Odfjell Drilling (OSLO: ODL) plans to split itself into two companies which would see the creation of a dedicated technology spinoff.
Ambani with $75 billion plan to make India a hydrogen hub
Billionaire Mukesh Ambani is making an ambitious effort to pivot his conglomerate Reliance Industries Ltd. toward green energy which could transform India into a clean hydrogen juggernaut.
$100 oil may be coming within months, Chevron CEO says
$100 oil prices are possible in the next few months as geopolitical risks and “struggling” supply hit global crude markets, said the chief executive of Chevron.
TotalEnergies sells partial West of Shetland stake to Kistos in £123 million deal
TotalEnergies has agreed to sell a 20% stake in a package of West of Shetland assets to Kistos Energy in a deal worth more than $165 million (£123 million).
Nearly 50 jobs saved and more to be created as PD&MS buys Optimus Aberdeen out of administration
Nearly 50 jobs have been saved and about the same number are expected to be created after the acquisition of engineering consultancy Optimus (Aberdeen) from administration.
Norway well slot: Three exploration wells active
Westwood Global Energy reports that there were three exploration wells active as of 24 January. One exploration well has spudded and completed in 2022.
Well slot: Two UK exploration wells active in early 2022
Westwood Global Energy reports that as of 24 January there were two exploration wells active in the UK.
‘I suppose it was inevitable’: Campaigner, industry and analyst reaction to OGUK rebrand
Reaction to news that the leading trade body for the North Sea, Oil and Gas UK (OGUK), is rebranding has varied from claims of it being a “PR stunt” to praise for a move that’s “not before time”.
Exclusive: North Sea trade body OGUK drops ‘oil and gas’ from name in new energies rebrand
Oil and Gas UK (OGUK) is dropping “oil and gas” from its name in a rebrand which will see its focus and remit broaden to new energy sources.
EC-OG becomes Verlume as pace of north-east energy transition quickens
Aberdeen-based subsea technology firm EC-OG has rebranded as Verlume, joining the throng of companies removing any reference to oil and gas in their names.
‘Significant win’: Strikes averted as pay deal reached for Peterhead’s Dales Engineering
Strikes have been averted at Dales Engineering Services in Peterhead as a new pay deal has been reached for dozens of workers.
North Sea ‘falling behind’ as global offshore investment returns to pre-pandemic levels
The North Sea is one of just a handful of regions “falling behind” as offshore oil and gas investment returns to pre-pandemic levels around the world.
ScotWind: First mover advantage is pointless if you’re not actually first
I’m a little bemused. Inevitably the ScotWind lease awards were going to trigger all sorts of claims about how the Scottish offshore wind supply chain will gain from this huge project, but nobody seems prepared to explain exactly how this will happen given that we don’t actually have a supply chain of any note particularly when it comes to the high value hardware.
Shell shakes up renewables unit after departure of top executive Elisabeth Brinton
Shell is reshuffling its renewables unit after the department’s head said she will step down.
Aberdeen’s OEG Offshore ‘massively broadens’ renewables offering with Manor acquisition
Aberdeen-headquartered OEG Offshore has acquired temporary power, engineering and vessel specialist Manor Renewable Energy.
KCA Deutag secures nearly 200 jobs with $550 million Oman contract
Aberdeen-headquartered KCA Deutag has landed a contract worth $550 million (£408m) in Oman, securing nearly 200 jobs.