Super Puma maker “regrets” permanent ban by Statoil
Statoil's permanent ban of Super Puma helicopters has come as a blow to Airbus which said it "regrets" the move.
Ineos officially opens UK HQ
Billionaire industrialist Jim Ratcliffe has made good on a promise to make his firm Ineos tax resident in the UK.
Shell CFO sells £1million in shares
Shell’s chief financial officer Simon Henry has sold shares in the oil major worth £1million.
“More work” on collaboration needed – Oil and Gas UK
A key behaviour change in the oil and gas industry that it is hoped will underpin the future fortunes of the North Sea has so far proved easier said that done, a report has found.
Aberdeen still set to face thousands of job losses
Aberdeen is set to face thousands more job losses in the coming years while Inverness is on track for employment growth, a new report has found.
Shell in talks to sell gas field offshore Ireland
Shell is reported to be in talks to sells its stake in an Irish gas field to an Australian infrastructure fund.
Dealmakers set sights on nascent North Sea recovery
Aberdeen dealmakers are expecting an upturn in mergers and acquisitions amongst North Sea companies as they emerge from “survival mode” and look for new opportunities.
Trump ‘will make US feel good’, says AAM’s Martin Gilbert
President-elect Donald Trump will “make America feel good again” – and deliver a boost to global markets – as he presses ahead with plans for a spending spree in the US, a leading asset manager has said.
BP takes stake in “super-giant” Egyptian gas field
BP has revealed it will splash out $375million (£300million) for a stake in a vast gas field in Egypt.
£2billion R&D support welcomed by Aberdeen Oil & Gas Technology Centre
The UK government’s pledge to fund research and development confirmed in the Autumn statement was welcomed as a boost to the North Sea’s hopes of becoming a leader in global innovation.
Treasury has further to go to support oil and gas
Scotland’s oil and gas industry kept a stiff upper lip after UK Chancellor Phillip Hammond’s first Autumn Statement failed to deliver further support for the North Sea as it faces record low exploration, sluggish investment and tens of thousands of job cuts.
Babcock results rise above Super Puma grounding
The grounding of Super Puma helicopters in the wake of a fatal crash off the coast of Norway slowed revenue growth at North Sea helicopter operator Babcock International, although new contracts wins offset this.
Scottish oil and gas employers call for clarity on £220million levy
Oil and gas business leaders have demanded to know how the Scottish Government plans to spend the £220million a year that will start to be collected from large employers next year.
Oil patch job losses grow at slower rate in north-east
People claiming benefits in the north-east rose more than 50% in the last quarter although growth in the number of job seekers has “levelled” since the start of the oil price crash.
Oil downturn sends two Aberdeen hotels into administration
Two Aberdeen hotels controlled by the former owners of the Albyn Bar have followed its collapse into administration as the oil and gas downturn continues to take its toll.
Decom body adds eight board members
The board of Decom North Sea (DNS) has welcomed eight new board members.
Total’s Laggan-Tormore scoops most innovative award
Total's Laggan-Tormore development has scooped an award for ‘Excellence in Project Innovation’ at an awards ceremony in Bangkok.
North Sea firms claim back £2million from tax man
Aberdeen oil and gas companies have clawed back up to £2million from the tax man for research and development (R&D) since the downturn, a firm has claimed.
UK needs decommissioning tax breaks
A law firm has backed calls for the UK government to uphold its budget promises to deliver decommissioning tax breaks in the North Sea.
Forth Ports targets decommissioning with £10million facility in Dundee
The Port of Dundee is pressing ahead with plans to grasp opportunities in the North Sea decommissioning market with the establishment of a £10million waste management facility.
Growing confidence in the oil field – is the worst over?
A new report on the oil and gas industry has said the worst is “perhaps” over as it highlights ways large companies in the sector can take advantage of “green shoots of recovery”.
Siccar Point’s $1billion North Sea deal with OMV
A North Sea newcomer made its second move into the basin, snapping up the UK division of OMV in a deal worth up to $1billion (£805.5million).
Support oil and gas like aviation and automotive industries, business secretary urged
UK business secretary Greg Clark has been urged to put the oil and gas supply chain “at the heart” of strategies for future Government investment plans, and secure the status of EU nationals working within the industry.
Offshore wind farms among north-east projects set for £5bn investment
A tally of investment projects in north-east has highlighted that the region will get an injection of £5billion in coming years and that it is "open for business".
Art student takes the prize for oil industry awards trophy
A third year Gray’s School of Art student, Lauren McKenzie, has won a competition to design and produce the trophies for the 2017 Offshore Achievement Awards (OAAs), taking place in March.