Financiers are the new corporate sustainability activists, new research from Addleshaw Goddard reveals
A major new European research study reveals that the financial community is driving action on sustainability.
Scottish oil and gas worker brings new north-east rum to the market
A Scottish oil and gas worker who hails from Aberdeen has launched his own rum brand which is made in the local area.
Neptune Energy commences final well campaign on Duva
Operator Neptune Energy and its partners today announced drilling has begun on four production wells on the Duva field in the Norwegian sector of the North Sea.
Subsea industry urged to take stock of new export and trade controls
Advice on how subsea companies can navigate export and trade controls, including changes in place following Brexit, will be the focus of a webinar organised by Subsea UK and the Department for International Trade (DIT) this month (Wednesday, April 28).
Fugro bosses predict ‘modest’ margin improvement in 2021
Fugro today reported a first quarter revenue drop, which it said was “fully driven” by Covid and a “strong” related decline in oil and gas activities.
11 small Trolls: Stage one of Hywind Tampen foundations construction job completed
Stage one of construction of the Hywind Tampen concrete foundations was completed this week at Aker Solutions’ yard in Stord, Norway.
Abu Dhabi weighing up sale of $4bn Taqa stake
Abu Dhabi is weighing the sale of a stake in its biggest utility as the oil-rich emirate seeks more international investment in its marquee assets, people familiar with the matter said.
Spending and activity levels to ‘gain momentum’ in 2021, Baker Hughes CEO says
Baker Hughes CEO Lorenzo Simonelli expects spending and activity levels to gain momentum this year, with strong growth to follow in 2022.
Upturn in North Sea well construction work boosts Halliburton
US oilfield service firm Halliburton was back in the black in the first quarter of 2021, thanks partly to an upturn in North Sea work.
Gravity powered battery project activated in Edinburgh
Scottish firm Gravitricity has commissioned a "gravity-powered" 250kW energy storage demonstrator.
Mocean wave energy device to undergo final checks ahead of voyage to Orkney
Scottish firm Mocean Energy is preparing to send its Blue X wave energy prototype to Orkney for sea trials next month.
‘Green shoots’: Hunting buoyed by prospect of improved 2021
Bosses at oilfield service firm Hunting said trading in early 2021 remained subdued but they predicted stronger performance across the group during the rest of the year.
Petrofac boss says confidence in North Sea market based on real activity, not hope
A boss at Petrofac said yesterday his confidence that the North Sea market is picking up in 2021 is based on real activity, rather than mere hope.
Fragomen: Time factor as offshore wind worker concession deadline approaches
As it continues to grow its track record of contributions to Scotland’s renewables mission, the offshore wind sector is currently making all the right headlines.
Bigger decom projects beckon as Kishorn Port gets approval for dry dock extension
Kishorn Port has been given the go-ahead from Highland Council to extend its dry dock so that it can secure bigger decommissioning projects.
Swire Energy Services investing £4m in container painting robots
Swire Energy Services (SES) will invest £4 million in new robots for blast paint coating thousands of its offshore containers.
Dundee oil rig Extinction Rebellion hijackers given climate change conference warning
Fears have been raised a group of Extinction Rebellion activists who occupied an oil rig at the Port of Dundee would cause further trouble at the imminent UN Climate Change Conference in Glasgow.
Exxon floats $100bn government-backed carbon capture hub
Exxon Mobil Corp. proposed a giant, $100 billion hub to capture carbon dioxide emissions along the U.S. Gulf Coast in Texas but warned that government funding would be required to pay for and develop it.
‘Force for good’: New boss determined to rebuild Petrofac reputation, firm slides into the red
Energy service firm Petrofac said today it intended to be a “force for good” in the global transition to low carbon as it rolled out a “refreshed” strategy.
Maersk Decom launches free project costs calculator
Maersk Decom has launched a free cost-calculating tool on its website for benchmarking decommissioning projects in the North Sea.
Hope for Glengorm discovery remains despite initial appraisal setback, analyst says
The Glengorm gas discovery, hailed as the biggest in the UK North Sea for more than a decade, could still turn out to be a major find despite suffering a setback, an analyst has said.
Progress shows we were right to fend off hostile bids, Deltic bosses say
Deltic Energy said the progress made on its portfolio justified the decision to fight off hostile takeover attempts from two other London-listed energy firms last year.
Equinor says no single issue to blame for Johan Castberg weld defects
Equinor said today there was no single “event” that could have directly caused the welding issues found on the hull of its Johan Castberg production vessel.
Neptune Energy commences drilling at Adorf gas development
Neptune Energy today announced drilling has begun at its operated Adorf Z16 gas development well in the municipality of Hoogstede, north western Germany.
Ithaca picks Awilco rig for North Sea exploration well
Rig contractor Awilco said today it would drill an exploration well in the UK North Sea for Ithaca Energy.