Time to widen Brent benchmark, warns oil trader
The world's top oil benchmark needs fundamental and urgent reform due to dwindling North Sea output, the Scots boss of one of the world’s largest commodity traders said yesterday.
The world's top oil benchmark needs fundamental and urgent reform due to dwindling North Sea output, the Scots boss of one of the world’s largest commodity traders said yesterday.
Accountant Johnston Carmichael has appointed Graham Alexander as the new head of its oil and gas industry group.
Leading energy industry figures are to share their knowledge of emerging business opportunities in the wave and tidal sector at an Aberdeen Renewable Energy Group (Areg) conference this week.
Scottish business leaders have called for fair taxation for the whisky industry and new incentives to “reinvigorate” declining oil and gas exploration.
North-east subsea technology specialist Ecosse Subsea Systems (ESS) has doubled the size of its workforce after winning a £5million contract to design, build and operate a cable-lay system for a major utilities provider.
The 2009 North Sea helicopter disaster could have been avoided and the five-year wait for answers is “unacceptable”, a fatal accident inquiry into the crash has heard.
CNR International (CNRI) is preparing to make a “significant” investment in the next phase of development drilling on its Baobab field off the Cote d’Ivoire, one of the company’s core operating areas.
Offshore accommodation provider Prosafe highlighted fears about potential tax changes in the UK North Sea in annual results yesterday.
An aircraft electronics expert has told the inquiry into the 2009 Super Puma disaster he was “baffled” by system data for the helicopter just a week before its fatal crash into the North Sea.
Air-worthiness reports for the helicopter involved in the 2009 North Sea Super Puma disaster do not have to be disclosed, the sheriff overseeing the fatal accident inquiry has ruled.
Industry body Oil and Gas UK (OGUK) says weather reports from more than 100 North Sea platforms are helping helicopter pilots to fly as safely as possible.
The 18th day of an inquiry into the 2009 North Sea Super Puma disaster focused on the doomed aircraft’s high-tech monitoring system.
Airbus Helicopters said it has delivered an “industry-leading” number of aircraft in the last year, having manufactured 497 units.
Union bosses have backed calls for a full public inquiry into North Sea helicopter safety amid fears that commercial factors influence whether a helicopter flies.
Energy service companies either headquartered in the north-east or with operations in the area are going on a mission to Africa to drum up more business.
Oil and gas firms must remain vigilant about the risk their activities pose to fisheries, a report says.
Bosses at Viking SeaTech say they have completed an integration process after the Aberdeen offshore support firm’s £150million sale.
Action taken by the manufacturer since the fatal North Sea helicopter disaster of 2009 should prevent the same kind of “catastrophic” gearbox failure happening again, a design expert for the company has said.
A metal fragment found in the gearbox of the helicopter involved in the 2009 North Sea disaster a week before the tragedy was not the first, it has emerged.
A sophisticated monitoring system recorded hundreds of warnings about loose metal in the gearbox during the days leading up to the 2009 North Sea helicopter disaster.
An engineer’s failure to correctly identify a tiny piece of metal found in the gearbox of a helicopter which later crashed, killing all 16 men on board, had “catastrophic” consequences.
Apache North Sea managing director Jim House said the US-owned firm was “in it for the long run” in Scottish waters after a move to new headquarters on the outskirts of Aberdeen.
Another engineer has cast doubt on the accuracy of a technical log for the Super Puma helicopter which plunged into the North Sea in April 2009, killing 16 people.
North-east firm R&M Engineering (Huntly) has appointed Dave Penman as a director to head its new offshore and onshore laser survey and scanning division.
Engineers found no sign of any problems with the gearbox of a helicopter the night before it crashed into the North Sea in April 2009, killing everyone on board.