Decommissioning: safeguarding our sector
Two weeks from today, I’ll have the pleasure of taking part in Decom North Sea’s inaugural Decom Week.
Learning lessons in managing complexity
A year ago, my colleagues and I were in the process of completing a major restructuring of Lloyd’s Register’s energy business. We were on a significant turnaround; both resizing and refocusing the business to broaden our offer, ensuring we could best provide the support our customers were looking for to address the challenges of the energy transition.
Getting your workforce in healthy, working order
As many businesses and individuals approach almost a year of working from home, no one could argue that Covid-19 hasn’t created a global shift in the importance of health in the workplace.
A Just Transition looks unlikely
The decision by the French company EDF to award London-based InfraStrata a contract for eight of the 56 foundation jackets for the NnG offshore wind farm has got a lot of people extremely excited.
Global Energy Group boss outlines vision for manufacturing cluster at Port of Nigg
Global Energy Group is planning to develop a manufacturing cluster around the £100million fabrication plant it is proposing to build at its Port of Nigg facility on the shores of the Cromarty Firth.
Updated: End of the line in sight for Hurricane Energy
Bosses at Hurricane Energy have conceded that the troubled UK oil firm is likely to be wound down within the next few years.
Options, debts, and a battered Bentley
Mozambique was on the mind this week, with Total officially hitting the big red force majeure button on its LNG plans. The French company is not waiting around though, and is working on projects elsewhere in the world, including the US and Russia.
Norway Well Slot – 50% exploration success rate so far in 2021
Westwood Global Energy reports that there were six exploration well programmes active as of April 27. A total of eight exploration wells have completed to date in 2021, from which four commercial discoveries have been made with total resources of c. 217 mmboe, giving a 50% commercial success rate to date.
UK Well Slot – Bacchus South exploration well disappoints for Apache
Westwood Global Energy reports that as of April 27 there was one appraisal well active in the UK, operations on which were in the process of completing. To date, one exploration well has completed in 2021.
RelyOn Nutec secures £3million training contract extension
Leading global safety firm, RelyOn Nutec UK, has secured a £3million contract extension with a UK-based leading engineering services firm.
Equinor boss hails ‘best’ quarterly results since 2014
Equinor said today that higher oil and gas prices and strong financial performance from its renewables segment drove the company to its best quarterly results since 2014 in Q1.
px Group will execute strategy ‘without missing a beat’ under new owners, CEO says
Strong boardroom and management continuity means px Group can carry on executing its strategy “without missing a beat” following a change of ownership, its boss said yesterday.
OPEX Group strengthens team to support emissions reduction solutions
AI solutions provider OPEX Group has made three senior appointments to bolster the firm’s continued investment in emissions reduction solutions.
Charting a course to achieve the Sustainable Development Goals
The IPIECA-WBCSD SDG Roadmap establishes collective oil and gas sector pathways to supporting the realisation of the SDGs.
ChampionX drives 10 years of safety
ChampionX has praised the ongoing safety efforts of its regional workforce in continental Europe for achieving the company’s ‘Goal Zero’ safety target for the tenth year in a row.
Classic private equity: Bluewater sells majority stake in St Fergus operator px Group
Private-equity house Bluewater has sold its controlling stake in px Group, which operates and maintains St Fergus gas plant, near Peterhead.
Former oil boss jailed for five years over sexual assault
An oil boss has been jailed for more than five years after being found guilty of sexually assaulting and attempting to rape a woman in Aberdeen.
Updated: BP starting share buybacks in second quarter after retiring net debt target
Energy giant BP surged back into the black in the first quarter of 2021 on the back of higher oil prices and “exceptional” gas marketing and trading performance.
Diamond CEO retires as firm emerges from chapter 11
Rig contractor Diamond Offshore Drilling has emerged from chapter 11 bankruptcy after completing a financial reorganisation.
Catcalling, killed in battle, and a farewell to Foinaven
This week’s EVOL kicks off with a discussion on harassment of women offshore, and the shocking stat that nearly 60% of female workers have experienced some form of catcalling in the UK North Sea.
Aramco said to ‘review’ upstream assets for potential stake sales
Saudi Aramco is conducting a strategic review of its upstream business, in a move that could potentially see the state-owned firm bring in external investors to some of its oil and gas assets, people with knowledge of the matter said.
New York sues Exxon, Shell and BP for ads calling products ‘cleaner’
New York City sued three major oil companies for allegedly running deceptive ads claiming their products are “cleaner” and “emissions-reducing” while failing to disclose their harmful effects on the climate.
Scottish uni developing robots for bomb disposal and nuclear decommissioning
A Scottish university will help create robotic technologies for bomb disposal and nuclear decommissioning jobs, taking humans out of harm’s way.
OGUK calls on election hopefuls to champion changing oil and gas industry
OGUK has called for Scottish Parliamentary candidates and the next government to champion the oil and gas industry's importance, with polling day looming on May 6.
Norway-Scotland alliance to tackle turbine blade recycling conundrum
A Scottish-Norwegian alliance has been formed to tackle one of the wind industry’s biggest challenges – blade recycling.