Kosmos energy refinances its $1.5billion reserve based lending
Kosmos Energy announced today that it has refinanced its reserve based lending (RBL) facility.
Kvaerner awarded decomm double
Kvaerner has announced an agreement with Allseas for the recycling of the topside and bridge of the Valhall QP platform.
James Fisher Subsea unveil shallow water excavation tool
Subsea group James Fisher Subsea Excavation (JFSE) has announced the re-engineering of one of its excavation tools in response to industry need.
Ten member organisations join forces calling for UK Government action on Feed-in Tariff
In reaction to a slump in the small-scale energy sector, ten member organisations have joined forces to call on the UK Government to set out the future of the Feed-in Tariff.
Saudi Wealth Fund is said to be close to ACWA Power deal
Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 percent stake in ACWA Power International ahead of an initial public offering by the Riyadh-based energy producer, according to people with knowledge of the matter.
Craig International appoints Middle East manager
The Middle East oil and gas arm of Craig International has announced Steve Gibson as country manager for the region.
Hess reports ‘improved’ $2.6million Q4 loss
Hess Corporation today reported a net loss of $2,677 million, in the fourth quarter of 2017, compared with a net loss of $4,892 million, in the fourth quarter of 2016.
Brent slips to lowest in a month after U.S. drilling expands
Oil’s rally is unraveling on fears over a rise in U.S. production and as a deepening slump in equities undermined market support.
Rockhopper signs exclusivity deal for Sea Lion Phase 1
Oil and gas group Rockhopper has announced that it has signed a Letter of Intent (LOI), giving it exclusivity to Sea Lion Phase 1, in the North Falkland Basin.
Over 5000 people set to attend Subsea Expo 2018
The number of people set to descend on Aberdeen for this year’s Subsea Expo is expected to be in excess of 5000, the event’s organisers have said.
N-Sea reels in £40million worth of international subsea contracts
UK and Netherlands-based subsea firm N-Sea has announced a number of major contract wins totalling £40million.
Total snaps up two exploration licences off the coast of Guyana
French energy giant Total has confirmed the acquisition of two offshore exploration licences in Guyana’s Canje Block and Kanuku Block.
UK Serious Fraud Office continue to interview Petrofac bosses
Energy service firm Petrofac has confirmed that it is still under investigation for suspected bribery, corruption, and/or money laundering.
Senegalese exploration well a failure, Kosmos says
Kosmos Energy announced today that it has completed drilling the Requin Tigre-1 exploration well located in Senegal’s Saint Louis Offshore Profond block.
BP profits should surge amid rising oil prices and declining growth
BP is expected to reveal a surge in annual profit this week, as higher crude prices and declining costs drive the oil giant’s recovery.
Chernobyl goes solar: “I don’t care if people think we’ve lost our minds”
Evgeniy Variagin doesn’t care if people think he’s crazy for taking a £1million development within a stone’s throw of the world’s worst nuclear disasters to the brink of commissioning.
Can The Shale Boom Avoid These Bottlenecks?
Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of the new oil production in the U.S., but a relatively small number of counties within the Permian are home to most of that action.
Aberdeen Harbour Board appoint new chief executive
Aberdeen Harbour Board has today announced the appointment of its new chief executive, Michelle Handforth.
Aqualis broadcast the return of journeyman guitar slinger as consultant
Aberdeen-based Aqualis Offshore Ltd has announced that North Sea veteran Maurice Pickles will return to its line-up in the role of marine manager.
Chevron show positivity through growing revenues
Oil giant Chevron has reported encouraging end of year numbers by recording £99billion total revenues, up 23.6% on 2016.
ExxonMobil profits more than double in 2017
US oil giant ExxonMobil notched up revenues of £171billion last year, £25billion more than in 2016.
Weatherford report £1billion-plus loss
Weatherford International plc reported a net loss of £1.36 billion in the fourth quarter of 2017.
Black day in Yorkshire as coal-fired power station set to close
Eggborough coal-fired power station in East Yorkshire is to close as pressure to phase out the fossil fuel continues.
Race Bank hits full tilt
Danish wind firm Ørsted has announced that full power has been achieved at its Race Bank development on the Norfolk coast.
Texas oil companies tell Trump to leave NAFTA alone
One of President Donald Trump's favorite subjects for praise - the Texas oil industry - is urging him to back off his hard-line stance on the North American Free Trade Agreement.