Oil majors keep buybacks at the forefront even as profits plunge
Shell, TotalEnergies and Repsol announced combined buybacks of almost $6 billion on Thursday.
Crondall Energy boosts headcount by 25%, opens two new offices
Engineering consultancy Crondall Energy is toasting a period of significant growth, with fresh staff and the opening of two new offices.
Penguins FPSO unlikely to head for North Sea before next year, says Shell CEO
Those eagerly awaiting the arrival of Shell’s (LON: SHEL) first new manned vessel in the UK for 30 years will have to wait a little longer after a delay to sailaway was confirmed.
Iberdrola first half earnings meet estimates as hydro recovers
Spanish renewable energy giant Iberdrola reported first-half earnings that met analyst estimates, driven by the recovery of hydropower output in Spain and continued support from its generation and customer business.
Deltic axes three licences after Capricorn exit, but Cadence still on the cards
North Sea firm Deltic Energy (LON: DELT) has given up on three exploration licences after its partner decided to exit the permits.
Montrose platform looks most likely option for Ithaca K2 discovery – analyst
According to independent estimates from advisory firm Envoi, K2 has estimated resource potential of 102 million barrels of oil equivalent.
Shell profits cut by half as oil and gas prices cool
Supermajor Shell (LON: SHEL) is the latest oil and gas producer to see its profits diminish year-on-year after the heady heights of 2022.
Aberdeen firm Asco unveils new boss to take over from Peter France
The company's managing director for the UK, Mike Pettigrew, is destined for the hotseat.
Industry veteran and Apollo founder joins Aberdeen’s PDi
Aberdeen’s PDi has secured the services of industry stalwart Jonathan D’Arcy in a major coup for the subsea engineering firm.
Worker suffers ‘serious’ injuries after gas release on North Sea drilling rig
As a result the accident Norwegian contractor Island Drilling has been hit with an improvement notice.
Prosafe announces appointment of ‘unique’ new CEO
Accommodation vessel operator Prosafe (OSLO: PRS) has confirmed the appointment of a new chief executive.
Saipem continues turnaround with ‘new contracts and growth in margins’
Saipem is continuing its bounceback from the troubles of last year after the company unveiled its latest set of financials.
Eni and SLB join forces to combat pipeline leaks
Oilfield services giant SLB (NYSE: SLB) has teamed up with supermajor Eni (NYSE: E) to rollout a new technology for monitoring pipelines.
‘Clear expectation’ Rosebank will progress soon despite delays, says Equinor CFO
A senior figure at Equinor (OSLO: EQNR) says the Norwegian energy giant is expecting clarification on Rosebank in the not too distant future.
North-east company Coretrax to create 50 new jobs
Coretrax has pressed the button for further international expansion.
China’s CNOOC unveils new North Sea managing director
Chinese state-owned oil and gas company CNOOC (TSX: CNU) has raised the curtain on its new North Sea managing director.
‘Satisfactory’ results for Subsea 7 as takings trimmed
The chief executive of Subsea 7 (OSLO: SUBC) tempered his excitement as the engineering, construction and services group posted its latest results.
Saipem and Stockholm Exergi team up for CCS in Sweden
Italian contracting giant Saipem (BIT: SPM) and Stockholm Exergi have signed a letter of intent for a large-scale CO2 capture plant to be installed in the Swedish capital.
Troubled Thurso firm AMTE Power gets lifeline £1million loan
It gives company some breathing space to tie up proposed £2.5m buyout.
Historic Environment Scotland reveals plan to protect Piper Alpha Memorial Garden
The move comes after controversial plans were unveiled to revamp the Hazlehead Park memorial last year.
Equinor half year profits top $20bn as ‘solid financial results impacted by lower prices’
Equinor’s year-on-year takings have been trimmed in half in what is likely to be a common theme amongst the world’s oil and gas giants in the coming days.
Dana Petroleum sets date for end of production at Western Isles FPSO
In its 2022 full-year results the Korea National Oil Corporation-backed operator also gave updates on the Tolmount East project, and how much it paid under the UK Government's windfall tax.
Former Aberdeen oil worker, 74, admits historic sex abuse of girls
Richard Mearns vile actions were only discovered when one of his victims confided in the other - and it was revealed that the 74-year-old had sexually abused them both.
Canada bans some fossil fuel subsidies, meeting decade-old G-20 pledge
Canada revealed new rules to ban some fossil fuel subsidies, targeting those that unfairly advantage oil and gas, solely support sector activities or endorse consumption of fuels that worsen climate change.
Var Energi quarterly profits drop as oil and gas prices cool
Var Energi’s (OSLO: VAR) profits dipped in the second quarter of the year as the company felt the impact of lower commodity prices.