LMS moves to double office and yard space in Aberdeen
Lifting equipment firm LMS and its 14-strong team have relocated to new headquarters in Aberdeen.
‘Not what we hoped it would be’: Equinor takes £1.3billion hit on Mariner field as reserves slashed by a third
Equinor has taken a £1.3billion impairment on the value of its Mariner field in the North Sea after a major downgrade to its recoverable reserves.
Bristow Helicopters UK business narrows losses but total debt rockets to £1.68bn
The UK arm of US helicopter giant Bristow has reported a narrowing of annual losses but it continues to rely heavily on goodwill from its parent.
What is the ideal low carbon energy mix? More questions than answers
Every country is trying to figure out how to create a secure, clean and affordable energy system. So what’s the ideal low carbon energy mix for the UK?
Enterprise to buy permian pipeline operator Navitas for $3.3billion
Enterprise Products Partners LP agreed to buy Navitas Midstream Partners LLC from Warburg Pincus LLC for $3.25 billion in cash to add natural gas pipeline and processing assets in the Permian Basin, the world’s most prolific shale basin.
TechnipFMC de-lists from Euronext, sells £100m stake in TechnipEnergies
TechnipFMC has decided to de-list from the Euronext Paris after selling off a chunk of its holding in spin-off firm TechnipEnergies.
McDermott lands ‘mega offshore contract’ with QatarEnergy
McDermott has won a “mega offshore contract” with QatarEnergy for the North Field East LNG project.
YouTuber branded ‘beyond reckless’ after scaling North Sea oil rig
A YouTuber has been branded “beyond reckless” after scaling a North Sea oil rig laid up in the Cromarty Firth.
Aftermath of COP26 questions future of fossil fuels finance and what’s next for renewable energy investing
The COP26 climate conference in Glasgow should have made uncomfortable viewing for fossil fuel executives.
‘Rig stability’ concern forces IOG to stop drilling on Southwark North Sea project
A concern over “rig stability” has forced IOG to halt drilling on its Southwark project in the North Sea.
Labour joins calls for North Sea ‘windfall tax’
Labour has joined calls to impose a one-off ‘windfall tax’ on North Sea oil and gas companies to fund measures to ease household energy bills.
New Marex owner looks to renewables revolution for next phase of growth
The new owner of Aberdeen marine and risk consultancy Marex is targeting its next phase of growth amid a shift into the renewables sector.
Centurion Group continues acquisition spree with Aberdeen subsea firm Aleron
Private equity-backed Centurion Group has swooped in with two more acquisitions, including Aberdeen subsea firm Aleron.
Second chance for mothballed BiFab yards
It is more than a year since the unceremonious collapse of Burntisland Fabrications (BiFab) and the apprehension that followed.
UK takes on hydrogen: A new generation of risk
Low-carbon hydrogen is an essential part of the UK’s strategy to achieve net zero by 2050. There are high hopes that hydrogen will eventually provide a clean source of fuel for homes, transport and industry, especially in sectors that are hard to decarbonise.
A bumper year for AREG: 2021 in review
As AREG approaches its 20th anniversary supporting renewable energy projects and supply chain members transition from oil and gas to the renewable energy sector, there has been an increasing sense of urgency around climate change and the need to transition from fossil fuels to renewable energy, as well as widespread government and community interest around COP26 in November.
Investing in employee health to offset risk
After consulting with nearly 1,000 risk professionals across 75 countries worldwide and drawing upon insights from the Workforce Resilience Council and International SOS, the results are in.
Shell overtakes AstraZeneca on FTSE 100 top spot, share buybacks going ‘at pace’
Shell (LON: RDSA) has overtaken AstraZeneca to become the company with the largest market value on the FTSE 100 index.
Collapsed Aberdeen firm N-Sea owed nearly £300K by EnQuest
Subsea services firm N-Sea was owed nearly £300,000 by EnQuest when its Aberdeen operation collapsed last year.
VIDEO: FPSO arrives at Aibel yard for refurb ahead of Shell Pierce field expansion
Footage has been released of the FPSO for the Shell Pierce field arriving in Norway for refurb to allow for a gas expansion project at the UK field.
Former BP boss Lord Browne says its time to break up Big Oil
Oil majors should do more to break themselves up into separate low-carbon and fossil fuels businesses, according to Lord Browne, the former boss of BP.
Offshore Europe postponed due to rising Omicron cases
Organisers have postponed the Offshore Europe exhibition next month amid rising Omicron cases in the UK, dealing a blow to the events industry in Aberdeen.
Carbon capture essential to net-zero ambitions
CCS and CCS-enabled hydrogen will speed transition towards decarbonised energy security, writes James Richardson, Director, UK Industrial Decarbonisation at energy technology company Baker Hughes.
IR35: An opportunity for strategic leadership
As energy demands and prices recover from the pandemic, production pressure on the oil and gas industry has rapidly increased in 2021. Many companies are finding it difficult to recruit and, importantly, retain the talented professionals they rely on.
Success only came after some pain for Blaze
Diversify into Green Energy they say, “pivot”, but those who have successfully achieved this know it takes time and the path is fraught with danger... with the devil being in the detail.