Salus Technical unveils AI tool designed to help with North Sea safety studies
Aberdeen safety firm Salus Technical has successfully launched a working prototype of its artificial intelligence (AI) tool.
Simec Atlantis receives £4m in ‘boost’ to MeyGen tidal array
A major Scottish tidal energy project is expected to make long-awaited progress after its developer secured additional funds.
Aberdeen man who died following South Harbour accident named locally
Abbey Ross had been unloading a ship when four pipes fell from a sling.
Kelpies reopen as police arrest oil activists who scaled metal giant
Two climate activists who scaled a well-known Scottish landmark in protest at the oil industry have been arrested.
Chevron beats earnings forecasts while extending CEO’s tenure
Chevron posted better-than-expected earnings as output in the Permian Basin soared to a record and the oil giant said it waived the mandatory retirement age for Chairman and Chief Executive Officer Mike Wirth.
World’s biggest wind power projects are in crisis just when world needs them most
Offshore wind projects are facing an economic crisis that erased billions of US dollars in planned spending this week — just as the world needs clean energy more than ever.
SLB profits hit $2.5bn for H1 2023 as group enjoys ‘significant growth’
Oilfield services giant SLB (NYSE: SLB), which has several bases in and around Aberdeen, raked in pre-tax profits of $2.5 billion during the first half of 2023.
Embracing change: developing standard contracts for offshore wind
The International Federation of Consulting Engineers (FIDIC) announced earlier this month that they have begun work on a new standard contract form for offshore wind farm projects. A committee of experts including engineers, contractors and project specialists are working to produce the new contract, likely by the end of 2025.
WoodMac: Upstream spend of $500bn a year enough to meet peak oil demand in 2030s
Investment of half a trillion US dollars a year will be enough for the world to meet peak oil and gas demand in the 2030s, according to new analysis.
Dundee ‘gigafactory’ company AMTE Power on brink of administration
Bosses are in an 11th hour scramble to raise more cash.
Delays to UK CCS process causing companies to reallocate resources, says OEUK
Carbon capture and storage (CCS) projects in the US and Europe are benefiting from repeated delays to the UK’s rollout of the emissions busting technology.
Owner of ship that crashed into Rough platform hit with improvement notice
A Norwegian vessel operator has been told to up its game after one of its ships crashed into a Southern North Sea platform.
Investors to run rule on Shell as ‘sin stocks’ prepare for H1 results
Investors are expected to put Shell “under the microscope”, says financial services firm Hargreaves Lansdown, amid questions about the oil giant's broader strategy.
Just Stop Oil branded ‘insensitive’ by Holocaust awareness group after comparing oil bosses to Nazis
A Holocaust awareness group has hit out at Just Stop Oil for drawing "inappropriate, insensitive, and unacceptable" comparisons between oil bosses and Nazis.
BP fined £650,000 over death of worker who plummeted from North Sea rig
Sean Anderson died in the early hours of September 4, 2014 when he fell through an open grating while working on the Unity platform.
Oil and gas legal expert joins board of Decom Mission
Decom Mission has confirmed the appointment of leading oil and gas lawyer Calum Crighton to its board.
Former NSTA boss pocketed £300k in final year with regulator
The former chief executive of the North Sea Transition Authority (NSTA) was paid £300,000 for his final year of service.
Stork workers secure pay rise as drawn-out North Sea dispute wraps up
Hundreds of Stork workers have secured an improved pay offer as unrest in the North Sea continues to peter out.
New tech could help to make green hydrogen cost competitive with fossil fuels
A UK company has made a “major breakthrough” in the energy industry’s drive to slash the costs of green hydrogen.
HSBC challenges Big Oil more often than peers, study shows
The investment arm of HSBC is ahead of its peers in backing shareholder resolutions designed to force oil majors to adjust their business in response to climate change, according to an analysis by a key activist.
Shell reveals plans to demolish famous former Aberdeen HQ
The building has been a prominent landmark for decades.
Serica Energy adds North Sea heavy hitter to board
North Sea operator Serica Energy (LON: SQZ) has announced the appointment of two new board members.
Odfjell Drilling signs two rig contracts, strategic pact with Equinor
Norwegian drilling contractor Odfjell Drilling has struck two rig contracts with the country’s state-owned oil giant.
Eni, Neptune deal further evidence of European majors changing tack on M&A
The winds of change appear to be blowing through Europe’s oil and gas sector as Big Oil moves away from its strategy of streamlining.
‘We’re turning the company around’ – Wood growth blueprint bearing fruit, says CEO
As for the takeover bids by Apollo Global Management, Ken Gilmartin said questions about “what happened or what didn’t happen are probably better addressed by Apollo”.