PIM wins inspection contract with Cnooc’s Nexen
A growing asset integrity specialist has won a five year inspection management contract in the North Sea with Nexen.
Norwegians launch $300million bid for Gulf Keystone
Norwegian oil and gas firm DNO has launched a $300million bid for the troubled Iraqi oil producer, Gulf Keystone Petroleum.
Two Aberdeen oil and gas firms to merge in private equity led deal
Two Aberdeen oil and gas companies are merging in a deal led by their private equity owners.
Gunther Newcombe: An innovative new license
As we launch the 29th Offshore Licensing Round today, it also marks the launch of the ‘Innovate Licence’ which has been developed by the MERUK exploration board working in collaboration with the Oil and Gas Authority (OGA), the Department for Business, Energy and Industrial Strategy (BEIS) and an industry task group represented by a range of companies
BP cost cuts to “stick at any oil price”
Oil giant BP said it is on track to deliver cost cuts that will “stick at any oil price” as it revealed a 44% plunge in profits due to the low price of oil and refining margins.
North Sea faces losing skills workers and R&D funding in wake of Brexit
The UK’s oil and gas industry faces losing skilled workers and research and development funding in the wake of the UK’s vote to leave the European Union, a lawyer has warned.
Falck tackles new industries with five-figure investment
Falck Safety Services UK has invested a five figure sum in new training equipment at its Dyce facility to broaden its customer base.
SSE gets to work on Beatrice
Energy giant SSE confirmed manufacturing and construction work on its £2.6billion Beatrice offshore wind farm has begun ahead of becoming fully operational in 2019.
Twitchers deliver blow to Scottish offshore wind industry
Scotland’s burgeoning offshore wind industry was dealt a blow yesterday after a judge in Edinburgh upheld a legal challenge against four developments.
North Sea workers set strike date – July 26
Hundreds of offshore workers have set a date for the first North Sea strike in a generation.
Oil and gas dowturn leads to rise in corporate insolvencies
The number of failing businesses in Scotland has grown by almost a third this year as the impact of the oil price slump takes a toll, new figures have shown.
Unions to press ahead with North Sea strikes
Offshore union workers have agreed to press ahead with the first North Sea strike action in a generation.
OGUK calls for “joined up thinking” ahead of new energy minister appointment
The boss of the oil and gas trade body has called for “joined up thinking” between Holyrood and Westminster as the appointment of a new energy minister is awaited.
Postponed offshore safety awards shortlist unveiled
An offshore safety award scheme postponed in the wake of the fatal helicopter crash in April has unveiled its shortlist.
Dana saves £64million on costs
Dana Petroleum shaved £64million off its lifting costs bill last year and narrowed its losses.
EU funds required to prevent “valley of death” for marine energy
The European Marine Energy Centre (EMEC) on Orkney will lead on a Europe-wide research project to prevent “valley of death” failures of pre-commercial marine energy projects.
Total Deepwater Horizon cost comes to $60billion for BP
Oil giant BP last night drew a line under its liabilities for the fatal Deepwater Horizon disaster, estimating the total charges to have reached $61.6billion (£46.2million).
Faroe strikes $70million North Sea deal
Faroe Petroleum has struck a deal to snap up $70million (£52.5million) on North Sea oil and gas assets from Dong Energy.
Rotech aims to take over the world – again
The doors of Rotech Group’s expansive industrial units in Mastrick are open, emitting the metallic clanking sounds of a busy fabrication facility.
CHC expands operations at Sumburgh
CHC Helicopter has expanded its Sumburgh Airport operation to a seven-day a week service for oil and gas clients using Sikorsky aircraft.
WGPSN to shift 750 employees as Repsol Sinopec unveils £250m North Sea framework
Repsol Sinopec Resources UK has unveiled a dramatic new contract strategy which will see up to 750 North Sea workers transferred to new employers.
OEM’s ship comes in with £1m contract
Marine services firm OEM Group has won a two-year contract worth up to £1million to maintain a global fleet of vessels working in the oil and gas industry.
Tullow slumps on bond issue
Shares in Tullow Oil slumped over 12% yesterday after it revealed plans to raise $300million (£232million) in fresh bond debt.
Rotech directors lead MBO of the business
Directors of an Aberdeen subsea technology firm have bought it out for an undisclosed sum.
Whisky still maker shrugs off oil and gas slump
A historic Moray whisky still manufacturer said its traditional business is going strong despite a slump in the oil and gas sector.