Supply chain companies truly embracing the transition after period of uncertainty
A boss at Baker Hughes is looking with “slight optimism” towards late-2021, early-2022 and the prospect of a pick-up in North Sea activity.
Atten-shun! Intense task filmed on oil rig in Highlands for reality TV show to air soon
A pulsating task filmed on an oil rig in the Highlands for a hardcore reality TV series will hit the small screen soon.
IEA says governments should consider stockpiling battery metals
Western governments should consider stockpiling critical battery metals such as cobalt and lithium, the International Energy Agency said, in a stark warning of the geopolitical risks that accompany the green-energy transition.
Altera in the black after shaking off impairments
Vessel owner-operator Altera Infrastructure was in the black in the first quarter of 2021 after shaking off impairments that blighted its figures a year ago.
Shell sells US refinery for $350m in latest divestment
Royal Dutch Shell PLC reached an agreement to sell its Puget Sound Refinery to HollyFrontier Corp. for $350 million in the latest major divestment from the European oil giant that’s moving away from processing crude.
NEO Energy looking to electrification as part of carbon reduction drive
North Sea oil firm NEO Energy said today it would strive to cut the carbon intensity of its production operations in half by 2030.
i3 Energy edging closer to maiden dividend
London and Toronto-listed oil firm i3 Energy said today it would complete a balance sheet restructuring "shortly", which would allow it to pay a maiden dividend.
Orders and backlog up by about a fifth at Aker Solutions in first quarter
Aker Solutions’ order intake and backlog both grew by about a fifth during the first quarter of 2021.
Transition-makers are already among us, SUT chief says
The people who will deliver the UK Government’s offshore wind power goal of quadrupling generation to 40GW by 2030 are already among us, a subsea sector chief believes.
Vital links between water treatment and circular economy
When it comes to the treatment of wastewater in the export chain, the links to circular economy are not obvious – but that doesn’t mean they are not there. They are there and right now they are needed more than ever. Environmental rules are tightening and companies are keen to reduce their environmental footprint. At the same time, the need for water remediation is set to grow to support output from ageing assets and as older facilities are decommissioned.
Electing to support a world-leading energy transition in the UK
We are just a day away from the Scottish Elections on May 6.
National Subsea Centre boss eager to ramp up activity
The appointment of a director for the National Subsea Centre (NSC) was announced some 15 months ago, in February 2020.
Costing carbon
We have a responsibility to use engineering talent to stop carbon being released into the atmosphere and to remove what’s already there. The North Sea better do it quickly or it will face the future like a dinosaur observing a fast-approaching space object. Not only are we seeing a rapid decline in appetite for oil and gas projects, but also UN climate predictions suggest we need to reduce the carbon in our atmosphere by a compounded 7.6% annually for the next decade.
Neptune and Spirit patch up differences with deal for Pegasus discovery
Oil and gas firms Neptune Energy and Spirit Energy have patched up their differences over the Pegasus West discovery in the southern North Sea.
Carbon pricing ‘stick’ may compel oil industry to invest in decarbonisation
A renowned petro-economist believes carbon pricing will be one of the “sticks” the UK Government uses to compel oil firms to invest in emissions-busting technologies.
Nuts and bolts: Ineos gearing up for Forties pipeline shutdown
Petrochemicals giant Ineos is gearing up for a big push on its crucial North Sea Forties pipeline life extension project after Covid caused a year-long delay.
Prevention rather than cure – the road to a circular economy
We’ve all seen the recent press images of litter strewn public parks and beaches – the result of some unseasonably nice weather and an easing of lockdown restrictions. Unfortunately, we’ve also all seen media reports of those public spaces being closed whilst local council services are being redirected into a mass clean-up.
Technology cases and Porvoo Refinery virtual visitation from Neste and NAPCON
Digital solutions enable distance visitations and technical discussions for worldwide specialists. During 3rd day of the Petrochemical and Refining Congress: Europe 2021 co-host Neste is making a technical presentation about Porvoo Refinery alongside live NAPCON digital solutions showcases. Together with networking, it finalizes the 3rd day of the Congress.
Blue hydrogen will increase fuel poverty
Producing blue hydrogen carries a very poor round trip efficiency. Natural gas is reformed to hydrogen, the resultant CO2 emissions are captured and stored, the hydrogen is treated, compressed, stored and distributed to households where it is burned for domestic heating.
Anti-North Sea policy wrong and irrational
Reading political party manifestos is, it must be said, a duty rather than a pleasure. So much verbiage, so little prospect of the vast majority of it ever being fulfilled.
Baker Hughes awarded subsea contract for Petrobras’ Marlim and Voador fields in Brazil
Baker Hughes has been awarded a subsea oilfield equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, offshore Brazil. The contract includes several key technologies from Baker Hughes’ Subsea Connect portfolio and will provide Petrobras with a connected suite of solutions to help drive efficiencies, reduce costs and improve execution speed.
FCA considers how to strengthen rules
Many investors perceive risk warnings as “white noise” and often the genuine possibility of losing money does not sink in, according to the City regulator.
Inquiry warned of ‘wall of turbines’
The north coast of Sutherland is in danger of hosting an unprecedented “wall of turbines” if proposed wind farms are added to existing and approved ventures, a public local inquiry heard.
Schlumberger-backed Arabian Drilling plans Saudi IPO
Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.
Galvanising supply chain resiliency
A global realignment of the energy industry is needed to accelerate the move to renewables and, in some cases, skip a period of economically maximising the recovering factors of the existing global basins to attain net-zero emissions.