Balfour Beatty wins £5.5m Statoil offshore wind contract
Statoil has awarded UK-based Balfour Beatty a £5.5million contract to deliver the onshore cable and substation system for its £180million floating wind farm project offshore Peterhead.
Albion invests £4.8million in two new Highland hydropower projects
Renewables firm Albion Community Power (ACP) said yesterday it had committed nearly £5million to the development of two new hydropower schemes in the Highlands.
Inventor Dan and BP’s former North Sea boss are cream of the crop at the OAAs
Oilfield technology inventor Dan Purkis was honoured for his significant contribution to the North Sea industry at the 30th Offshore Achievement Awards (OAAs) in Aberdeen last night.
PD&MS bucks the industry trend with higher profits
Oil and gas service firm PD&MS Energy (Aberdeen) has posted higher profits but a slight fall in sales in its first full-year results since its acquisition by private-equity company Inflexion.
Peterson says it’s good to share in the current North Sea climate
Energy logistics group Peterson said yesterday a record number of vessel sharing arrangements since the turn of the year highlighted a new spirit of collaboration in the troubled oil and gas industry.
Budget 2016: Alex Kemp – Tax breaks pave way for major North Sea development boost
A leading oil and gas expert said last night that tax breaks could significantly boost new field development across the UK North Sea.
North Sea expertise helps mend London’s creaking sewage system
Subsea experts swapped the hazardous conditions of the North Sea for inner city London’s river network in a project highlighting the potential for oil and gas industry diversification.
Budget 2016: Law firm adds to North Sea pressure on the chancellor
Oil and gas experts at international law firm Pinsent Masons are calling for a package of North Sea concessions to be unveiled by Chancellor George Osborne during this week’s Budget.
Stark contrast in pay outcomes for the bosses of Shell and Subsea 7
Shell boss Ben van Beurden took an 77% pay cut but his counterpart at Subsea 7 doubled his pay packet as crude prices tumbled and thousands of oil and gas workers lost their jobs during 2015.
AFW exec says North Sea is just like Heathrow
North Sea projects are backed up like planes waiting to land at Heathrow, according to Amec Foster Wheeler (AFW) senior executive John Pearson.
Easa orders safety work on North Sea Super Pumas
North Sea Super Puma helicopters must all be modified after the European Aviation Safety Agency (Easa) highlighted a potential hazard for emergency evacuations.
Trump: Start of EOWDC work ‘meaningless chatter’
The Trump Organisation described the announcement about survey work starting on the £230million European Offshore Wind Deployment Centre (EOWDC) as a “meaningless” sales pitch.
WoodMac’s Back to the Future report raises hopes for higher oil prices
Oil and gas experts have stepped back in time, appropriately to the year blockbuster film Back to the Future was released in cinemas, to predict a strengthening of crude prices next year.
Double boost for Premier Oil shares
Premier Oil saw tens of millions of pounds piled onto its market value yesterday.
Carbon capture experts say new report proves Westminster made a mistake
The UK is “exceptionally” well-placed to proceed with carbon capture and storage (CCS), if only the UK Government would support it, experts insist.
Iran in the spotlight at Aberdeen event
North-east firms will be welcomed into Iran as its huge oil and gas industry seeks foreign support, an expert on the newly opened market said yesterday. Jamie Stark, a partner at law firm Burness Paull specialising in oil and gas services and regulatory compliance, said there were a wealth of new opportunities in the Middle East country as a result of the recent lifting of trade sanctions.
Stop exaggerating. There’s still plenty of life in the North Sea
Reports of the demise of North Sea oil and gas are greatly exaggerated, the boss of a global technical recruitment company insisted yesterday.
Centrica linked to Engie oil and gas assets
Energy firm Centrica is reportedly involved in talks with Engie over the future of some of the French company’s oil and gas assets.
Bartech strikes reduced rate deal with Fairfield Energy
Diesel specialist Bartech Marine Engineering has won further UK North Sea work from Fairfield Energy after cutting its rates amid the offshore industry crisis.
Riverstone profits from oil and gas industry distress
Oil and gas investor Riverstone Energy Limited (REL) said yesterday it was profiting from industry distress and looking forward to taking advantage of emerging opportunities driven by lower commodity prices.
Emec mulling options for Pelamis wave-energy converter
Orkney’s European Marine Energy Centre (Emec) is seeking ideas for what to do with its Pelamis wave-energy device.
Uncertain future for Engie’s North Sea assets
French energy firm Engie, previously GDF Suez, is putting all its oil and gas assets under review as it turns its focus on low-carbon activities.
Top banker brings some cheer to beleaguered North Sea oil industry
Oil prices are on their way up and there is no new financial crisis about to derail recovery in the global economy, a top banker said on a visit to Aberdeen.
Wood Group chief defends dividend rise
Wood Group boss Robin Watson has insisted the energy service giant was “a strong and balanced business” despite a 71% slump in profits.
£7.75million cash boost for tidal-energy project
Orkney firm Scotrenewables Tidal Power (STP) has been awarded a £7.75million grant to advance the commercialisation of its floating tidal-energy technology, it was announced today.