Petrofac bags five-year UK well management deal with NEO Energy
Petrofac has landed a five-year well management contract extension with NEO Energy, covering five offshore fields in the UK North Sea.
UK energy ‘vulnerable’ to price shock from Russia-Ukraine tensions: OGUK
UK energy prices will be “vulnerable” to the impacts of Russia’s threatened invasion of Ukraine, trade body Oil and Gas UK (OGUK) has warned.
What would war in Ukraine mean for Europe’s energy crisis?
How hard will energy-starved Europe be hit by a potential Russian invasion of Ukraine? It depends on how President Joe Biden reacts.
IOG and Perenco dealing with ‘frustrating’ slow progress on flagship project first gas
IOG said it is working closely with Bacton Terminal operator Perenco to deal with “frustrating” slow progress towards delivering first gas from its Saturn Banks project.
Hat-trick of losses won’t stop protestors from taking oil industry to court
A trio of high-profile losses is unlikely to stem “concerted attempts” by protestors to challenge the North Sea oil industry in court.
TechnipFMC lands large contract for Petrobras Buzios 6 field off Brazil
TechnipFMC has won a “large” engineering, procurement, construction and installation (EPCI) deal with Petrobras for the Buzios development off Brazil.
ETZ launches £100K future energy training grant for Aberdeen SMEs
ETZ Ltd, the not-for-profit brainchild of Sir Ian Wood, has launched a £100,000 grant to help firms in north-east Scotland prepare for the energy transition.
Former Babcock business lands new helicopter contract with Well-Safe Solutions
Offshore Helicopter Services, the new name for the former Babcock Aberdeen business, has landed a new North Sea contract with Well-Safe Solutions.
First candidates picked for skills academy backed by BP and Sir Ian Wood
The first candidates have been selected for X-Academy, a new training initiative backed by Sir Ian Wood and BP.
Var Energi IPO on the way, say owners Eni and HitecVision
An initial public offering (IPO) is to be launched for Norwegian operator Var Energi, ownership partners Eni and HitecVision have announced.
Life after oil: From North Sea ships to Aberdeen Geek Retreat
Scott Leslie admits his hands were trembling as typed up a letter quitting his job overseeing a fleet of North Sea ships.
Shell sees $4.5 billion of investment opportunities in France
Shell has identified 4 billion euros ($4.5 billion) of potential investments in France in a bid to support the country’s efforts to develop sustainable sources of energy, Le Figaro reported on Saturday, citing an interview with Chief Executive Officer Ben van Beurden.
Private equity deals surge to £2.4 billion for UK North Sea
Private equity took a keen interest in the UK North Sea in 2021, with £2.4 billion worth of deals for the country’s oil and gas industry.
Babcock takeover ‘removes the weakest competitor’ in the North Sea, says CHC
CHC has told competition authorities that its takeover target of Babcock Aviation is “not a particularly serious competitive threat” to the company.
Powering change with ScotWind ambition
Stephen Wheeler, Managing Director of SSE Renewables, one of the big ScotWind winners, says the next generation of Scottish offshore wind will impact globally while transforming locally.
Ithaca gets green light to develop central North Sea field
Ithaca Energy has received a green light from the UK Government to proceed with its Abigail project in the North Sea.
Dozens of workers to strike at Peterhead’s Dales Engineering as inflation soars
More than 50 workers at Dales Engineering Services in Peterhead have voted to strike in a dispute over pay and concerns on the cost of living.
‘ScotWind £700m should be used to create Scottish sovereign wealth fund’
The ScotWind licencing announcements on January 17th were certainly a welcome and hugely material vote of confidence in the future of the offshore energy sector in the UK.
‘Scotland for sale’: Concern as overseas yards eye ScotWind projects
Concern has been raised over whether Scotland will truly reap the benefits of the huge ScotWind offshore wind auction, as overseas yards like Lamprell eye work.
Watch: ‘Landmark’ moment as Well-Safe Guardian heads for North Sea
Well-Safe Solutions has hailed a “landmark” moment for the company, with footage of its Well-Safe Guardian rig heading off for its first UK contract.
BP and Rosneft only oil explorers to deliver 1billion+ barrels in 2021
BP and Rosneft were the only companies to deliver more than a billion net barrels of oil equivalent through exploration last year, according to new research.
North Sea oil majors to spend more on UK wind than fossil fuels
The biggest North Sea majors are set to invest more in the region’s wind power in the coming years than in its oil and gas.
Spirit Energy targets Q2 sailaway for Hummingbird FPSO
Spirit Energy is tentatively targeting a second quarter sailaway for the Hummingbird Spirit FPSO in the North Sea.
Neptune Energy: Cutting the mileage to slash emissions
The oil and gas industry has an essential role in supporting the UK Government’s ambitious plans for the transition to net zero.
ThinCats footed £13.5m to help Cheyne buy Ace Winches back from Balmoral
Alternative lender ThinCats has revealed its £13.5 million backing for north-east businessmen Alfie Cheyne buying back the company he founded, Ace Winches, from Balmoral Group.