BP fight against £11billion fine could drag on for “years”
Oil giant BP’s appeal against a potential £11billion fine over the Gulf of Mexico disaster could stretch on for years, a note to investors has claimed.
Richard Irvin suffers “one-off” losses
Bosses at facilities management firm Richard Irvin Energy Solutions have said the business has “turned a corner” after the company reported a £3million loss in 2013.
‘No fracking boom’ – expert says
A leading petroleum geology academic has rubbished claims that offshore fracking represents a potential £600billion “black gold bonanza” for Scotland.
Scottish Independence: “one way ticket” for industry
Former chancellor of the exchequer and leader of the Better Together campaign Alistair Darling warned a successful vote for Scottish independence was a “one way ticket to an uncertain destination” for the UK and the North Sea oil and gas industry.
Scottish Independence: Opposing sides at oil debate
The SNP’s Fergus Ewing hit back at claims that the UK government has offered the North Sea oil industry a stable tax regime and said that an independent Scotland would do better.
Iona launches spending spree under new management team
Two North Sea veterans have been appointed to run Canadian independent North Sea explorer Iona Energy as it sets out on the acquisition trail.
‘Independent Scots will seek big sum to clean old wells’
An independent Scotland will negotiate to claw back “substantial” historic oil revenues in order to ensure it can maintain decommissioning tax credits promised by the UK Government, an expert has claimed.
Almost 52,000 trained for new EBS
Almost 52,000 offshore workers have been trained to use a mandatory new emergency breathing system (EBS) as new rules on their use come into for today, the industry safety body has revealed.
Oil & Gas: 2014 looks set to be best in decade
UK oil and gas production is on track this year to be the best year in more than a decade despite a fall in North Sea output in the three months to June compared to the prior quarter.
Norway reserves are the £64billion prize
Norway is sitting on 10 billion barrels in discovered but untapped oil and gas reserves representing a £64billion prize - but “significant challenges” must be overcome in order to maximise the value of these projects, a new report has found.
Sanctions “not hurting Putin”, claims ex-Shell boss
Sanctions that the west has imposed on Russia do not bring results as the popularity rating of President Vladimir Putin is continuously growing, a former oil boss has claimed.
Taskforce calls for north collaboration to keep costs down
Trade body Energy North is to host a match-making event in Aberdeen next week in a move to fill skills and supply chain gaps by facilitating partnerships between businesses in the Highlands and Islands and north east.
ONS: Increased brownfield investment set to boost Norwegian reserves
More than half of the £120billion due to be invested in the Norwegian North Sea in the next decade will be spent boosting oil recovery from existing fields, according to new analysis prepared for ONS 2014.
Dana denial over ‘meltdown’ claim
A dramatic cull of top directors at Dana Petroleum continues as a new acting chief executive has taken over the running of the Korean-owned firm, leading to fears it is in “meltdown” according to sources inside the company.
Cairn is “fully funded” despite Indian tax dispute
Cairn Energy today assured investors it has enough money to continue its exploration and development programmes in the North Sea and elsewhere despite an ongoing dispute with the Government of India over tax.
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.