Lightsource chairman steps down following BP merger
Chairman and co-founder of Lightsource, Vicente Lopez Ibor Mayor, has stepped down following last week’s merger with BP.
Statkraft sells stake of UK wind farm to China Resources for £555million
One of Europe’s largest renewable energy generators, Statkraft, has announced the sale of 30% of the Dudgeon Offshore Wind Farm to China Resources Company Limited.
Wood takes on a brace of new Woodside contracts down under
Engineering and tech firm, Wood, has secured two new contracts with Woodside to deliver engineering and rig modification services in offshore Australia.
France’s Total to launch large-scale development of Libra project off Brazil
The French oil company Total has decided to launch the first large-scale development of its Libra project in the deep ocean waters off Brazil, in the prolific Santos Basin, the company said Monday.
World’s highest wind turbines come to life
The highest wind turbines in the world started generating energy today in the German town of Gaildorf, near Stuttgart.
Life after oil: How Lisa Hart shot out of the oil downturn to become Scotland’s top makeup artist
On the last working day before Christmas, around the time where excitement begins to build and people look forward with trepidation to greeting loved ones and sharing gifts, Lisa Hart was told that she had lost her job.
OGA announces new North Sea supply chain ‘action plan’
The Oil and Gas Authority (OGA) has confirmed it has formalised a relationship with operators on supply chain matters for 2018.
Serica Energy shareholders approve BKR North Sea asset purchase
Oil and gas company, Serica Energy, have announced their intention to acquire the Bruce, Keith and Rhum (BKR) assets.
FTSE 100 follows global stocks higher amid enthusiasm over US tax reform
The prospect of US tax reforms has buoyed global stock markets but knocked the dollar, sending UK shares and sterling higher.
One of Europe’s largest wind energy projects gets green light
Aquila Capital has announced its acquisition of Project Valhalla, potentially one of the biggest wind farms in Europe.
Old coal is still king even with new renewables record in Germany
For all the new wind parks, solar farms and hydro plants that will help Europe’s biggest economy generate yet another renewable energy record this year, the world’s dirtiest power fuel still rules in Germany and sets the price for how much factories are paying for electricity.
Nigeria’s Pengassan Oil Union strikes in protest at job cuts
A Nigerian oil union said it began an indefinite strike to protest unfair labor practices at a local petroleum-exploration company.
Aberdeenshire subsea firm gets deep in £145billion salvage operation
Aleron Subsea Technology, based in Aberdeenshire, recently took part in an Atlantic Ocean salvage project.
M&A exceeds $8billion for 2017 as confidence returns to North Sea
The merger and acquisition (M&A) activity within the North Sea has surpassed $8billion in 2017, an indication that confidence is gradually returning to the North Sea.
Ampelmann raises new lifeboat solution to combat safety concerns
Offshore access solutions firm Ampelmann has offered a solution to the essential upgrade of all offshore oil platform lifeboat systems.
Babcock inks 10-year Sellafield nuclear deal
Babcock has been awarded a 10-year contract to supply the Sellafield nuclear site with specialist handling and containment systems.
£1.2million to be granted for new African energy projects
IEEE, the world’s largest technical professional organization advancing technology for humanity, announced that IEEE Smart Village (ISV) has granted £1.2 million in new funds for selected sustainable energy projects with a potential life-changing impact on up to seven million people around the world. ISV, an IEEE Foundation Priority Initiative, is dedicated to promoting sustainable energy and access to educational and entrepreneurial opportunities in energy-impoverished locations around the world. The funded projects are in Nigeria, Uganda, Cameroon, India, and Papua New Guinea.
Non-intrusive inspection could save North Sea operators £242milion
A survey carried out by the Oil and Gas Technology Centre (OGTC) and ABB has found that non-intrusive inspection could deliver lower maintenance costs to the tune of £242million.
CNR issues statement in response to petition to strip it of licence
Canadian operator, CNR International, have issued a statement in response to a new online petition calling for them to be stripped of their operator's licence.
BEIS announce 12% gender gap on pay and bonuses
The UK Government Department for Business, Energy and Innovation Strategy (BEIS) has released figures showing and average 12% pay gap across pay and bonuses.
US Keane Group buying new fracking fleets
Houston's Keane Group said it is spending $115 million to order three new fracking fleets to prepare for a busy 2018, especially in West Texas' booming Permian Basin.
Forties pipeline shutdown will cause North Sea oil cargo disruption
The loading of Forties crude cargoes are to be delayed by at least two weeks due to the shutdown of the Forties pipeline.
Oil erases weekly drop on Forties pipeline outage, IEA outlook
Crude rose, erasing declines from earlier in the week, on the shutdown of a key pipeline in the North Sea.
Airbus’ Faury to be bumped up from chief executive to president
The current chief executive of Airbus Helicopters, Guillaume Faury, is to step into the presidential position of Fabrice Bregier, chief operating officer and head of the commercial aircraft arm, when he steps down in February.
Nexen chief takes Oil and Gas UK co-chair position
Ray Riddoch, Nexen’s UK managing director and senior vice president of Europe, has taken over as co-chair of Oil and Gas UK.