New Faroe field “good for 30 years”
One of the largest untapped North Sea fields is on track for first oil in 2018 and is expected to produce for 20 to 30 years, its developers have claimed.
Oil & Gas UK awards deadline extended
Trade body Oil & Gas UK has extended the deadline for nominations for its annual awards by one week to allow entrants more time to share their stories.
New licences won by ‘clean coal’ company
Oil pioneer Algy Cluff has won three further licences to exploit “clean coal” under the south North Sea and the north-west of England.
Profits flow for Paradigm Flow Services
A company which specialises in keeping subsea pipes unblocked has more than trebled profits as turnover nearly doubled in its last financial year.
Centrica extends contract with ADIL
Centrica Energy has extended its contract with Aberdeen consultancy ADIL to the end of the year.
Former BG chief heads east for Papua gas project
The former head of BG Group is heading east to take up a new job chairing a major gas project in Papua New Guinea.
More than half of Britons in favour of fracking
More than half of Britons think the UK should go ahead with controversial plans to “frack” for onshore oil and gas, a new survey has found.
Industry reacts to possible ‘fat rights’ law
OIL companies may have to charter boats or hire bigger helicopters to accommodate overweight workers following a landmark European legal move.
European ruling could influence offshore obesity debate
A landmark legal bid to have obese people officially classed as disabled could have “widespread and expensive” consequences for businesses, a leading Scottish law firm has warned.
High hopes for All-Energy 2015 on Glasgow move
Glasgow organisers have predicted a key renewable energy conference will start to grow attendance numbers again after relocating from its home in Aberdeen.
Getting the world’s oil staff talking
Anthony Onukwu enjoyed being a member of the Society of Petroleum Engineers (SPE) so much he decided to become chairman of the group’s Aberdeen chapter.
Ex-services personnel to help fill the North Sea skills gap
Former military personnel are key to filling the oil and gas skills gap, an industry boss has said.
Scots airport set for new owners
The owners of Aberdeen Airport have said the air base will be sold by the end of the year after confirming it was in talks to sell it along with Glasgow and Southampton.
Repsol confirms Talisman talks
Spanish energy firm Repsol confirmed it was in talks over potential “transactions” with Talisman yesterday as analysts said it could be looking at buying assets rather than the whole company.
Babcock pays back debt after Bond purchase
Engineering and defence giant Babcock International has paid back more than £140million of debt after it bought the owner of Bond Aviation this year.
New helicopter to start flying in the North Sea
A new helicopter model is set to start flying in the North Sea in weeks after getting the green light from the UK Civil Aviation Authority (CAA).
ITC Hydraulics doubles turnover
North-east hydraulics firm has doubled its turnover in two years after winning work with major oil and gas players, including Subsea 7, Aker Solutions, Oceaneering and Archer Drilling.
North Sea exploration faces another crisis year
Exploration in the North Sea has continued to plummet due to ever spiralling costs and firms taking a “wait and see” approach to new regulation and taxes, new research has found.
Tullow Oil to fight £238million tax bill
Africa-focused explorer Tullow Oil has pledged to fight a £238million tax bill after losing a tribunal in Uganda.
Aberdeen well intervention specialist thinks bigger
An Aberdeen firm specialising in the nascent light well intervention sector of the subsea technology market has been singled out by experts for its innovation.
ADIL scoops £3million of work
Oil and gas consultancy ADIL has won contracts worth over £3million in the first six months of the year across its Aberdeen and London operations. The firm reported a 50% rise in revenue to £31million in 2013, and said it was on track to meet “reasonable” growth targets this year.
Private equity giant snaps up OEG in £100million deal
Private equity giant KKR has bought a majority stake of the Aberdeen offshore container manufacturer OEG Offshore Group in a £100million deal.
DECC lowers figures of recoverable oil and gas in North Sea
The Department of Energy & Climate Change (Decc) has revised down its estimates for the amount of oil and gas there is left to recover in the North Sea by between 1billion to 3billion barrels.
Ace Winches helps young people into the workforce
Deck machinery firm Ace Winches has become the first organisation to achieve a new government accreditation recognising its support helping young people into the workforce.
Amec’s £2billion takeover will propel North Sea skills to global market
Amec’s £2billion takeover of rival Foster Wheeler will see North Sea skills exported to a wider global market, its chief executive has claimed. Samir Brikho, the chief executive of the oil services giant, said selling the capabilities of its north-east workforce to build, maintain and refurbish oil and gas platforms and infrastructure – which the firm refers to as “brownfield” work – will enhance Foster Wheeler’s specialisms in shale gas and LNG, which is based mostly in North America.