Cooperating with conviction to future proof our industry
How can the supply chain seize emerging business opportunities as our industry transitions towards a lower carbon economy?
Hurricane Energy warns ‘material downgrade’ possible to 2.6bn barrel resources
Hurricane Energy has warned a “material downgrade” is possible to its 2.6billion barrel contingent resources following a technical review of its operations.
North Sea sector’s Covid-19 response ‘is a real success story’, HSE director says
Very few people instinctively know what to do during a crisis.
Oil stuck below $41 as concern over growing coronavirus cases linger
Oil was anchored near $41 a barrel with an industry report signaling a surprise gain in U.S. crude stockpiles, while concerns linger about the threat to demand from rising coronavirus infections.
UK’s nuclear future uncertain as relations with china fray
Britain’s fraying relationship with China has the potential to undo a decade of mixed efforts to keep nuclear power flowing as an aging generation of plants drop out of service.
UK Government can create 12,000 renewables jobs by ‘lifting capacity caps’, trade body claims
A clean energy trade body has urged the UK Government to “lift capacity caps” to entice £20 billion of investment and create 12,000 renewables jobs.
Around 40% of FPSO maintenance work ‘unnecessary’, Lloyd’s Register claims
Around 40% of offshore oil and gas maintenance work fulfilled by Floating Production Storage and Offloading (FPSO) vessel operators is “unnecessary”, according to a UK energy consultancy firm.
Sodexo revenues sliced by nearly one third due to Covid-19 pandemic
French catering and facilities management firm Sodexo has revealed the Covid-19 pandemic has resulted in a near-one third cut in revenues for the firm.
‘Lack of PPE and 17hr shifts’: how medics in the North Sea took on coronavirus crisis
North Sea medics have revealed that a lack of PPE, verbal abuse from “worried” riggers and working 17-hour shifts are some of the issues they had to tackle at the height of the Covid-19 crisis.
New £5m boost for researchers assessing North Sea oil and gas and renewables structures
A research group assessing man-made North Sea structures has been given a boost with the announcement of £5 million in new funding.
UK Chancellor to unveil £3bn green recovery package
A £3 billion green package with grants for homeowners and public buildings to improve energy efficiency will be unveiled by Rishi Sunak as part of his coronavirus economic strategy.
Oil edges lower as US gasoline stockpiles forecast to increase
Oil edged lower toward $40 a barrel before U.S. government data that’s forecast to show gasoline stockpiles increased, while rising virus infections raised concern stricter controls will be extended.
‘World-leading’ machines in Moray to ease renewable power into UK grid
Two “world-leading” machines are to be installed at a power site in Moray in a £20million project to make using renewable energy in the electricity grid easier and cleaner.
Hurricane Energy ‘deeply saddened’ at death of COO
North Sea exploration and production firm Hurricane Energy said today it was "deeply saddened" to report the death of its chief operations officer (COO), Neil Platt.
North Star sails in new direction with chief executive appointment
Aberdeen-based shipping firm North Star has appointed Mathew Gordon its new chief executive.
Covid caution may be helping reduce risks
There is a saying: “To err is human.” We make mistakes and this can lead to difficulties, even disaster.
Stop waiting and start adapting to new world
The rapid global spread of Covid-19 has eclipsed other recent epidemics and market crises in size and scope.
Breathing room for struggling businesses
Since the onset of the Covid-19 outbreak and oil price crash, huge amounts of pressure have been heaped on directors of oilfield service (OFS) businesses.
BP inks MOU with Chinese solar firm for ‘decarbonised energy solutions’
BP has signed a memorandum of understanding (MOU) with Chinese solar firm, JinkoPower, to provide integrated decarbonised energy solutions and services to customers in China.
As Big Oil stumbles, Total manages to stay on its feet
Europe’s oil giants came into 2020 promising shareholders they can “do it all” -- maintain generous dividends, keep the crude flowing and make a historic shift toward clean energy. Only one of them may succeed.
CHC Helicopter wins deal for second phase of giant UK offshore wind project
North Sea helicopter operator CHC has won a deal to provide aerial transportation for a giant offshore wind project in the UK.
RockRose acquired by Viaro Energy in £250m deal
North Sea oil and gas producer RockRose Energy has been acquired in a multi-million pound deal.
Buchan Alpha decom must be executed before it becomes ‘eyesore’, MP warns
Plans for the breakup of a rusty oil rig hull currently languishing in the waters off Shetland need to be carried out before it becomes an “eyesore”, according to the MP for the region.
Oil stuck near $43 with market weighing supply against virus
Oil in London was anchored near $43 a barrel as investors weighed tightening crude supplies and robust U.S. economic data against surging coronavirus infections.
Saipem wins £260m deal with Petrobras in Brazil
Italian oil and gas contractor Saipem has announced a multi-million pound deal with Petrobras at its Buzios pre-salt field.