OEG Offshore swoops for turbine toilet maker Pegasus
OEG Offshore, of Aberdeen, has bought the firm which is kitting out the Aberdeen Bay wind turbines with toilets for an undisclosed sum.
Jellyfish-like organisms halt two South Korean nuclear reactors
Sea salps -- gelantinous, marine organisms that look like jellyfish -- have clogged water systems used to cool nuclear reactors in South Korea, forcing two units offline.
Jersey wraps up deal for remaining stakes in Verbier
Jersey Oil and Gas has wrapped up its acquisition the remaining 12% of the Verbier discovery in the UK North Sea.
PE and the energy transition: the Blue Water Energy experience
Private-equity house Blue Water Energy opened its doors a decade ago at a time when the North Sea was still enjoying the longest bull run in its history and Big Wind was just about finding its offshore feet.
Peterson: Steps towards a big future
As the industry presses ahead towards achieving net zero by 2050, we recognise that everybody is being asked to be something different at the moment.
Student minds are driving big change
Student body presidents from eight top US universities came together recently to endorse a statement on fossil fuel divestment drawn up by Harvard University’s Undergraduate Council.
James Fisher Offshore streamlines services
The offshore energy industry has been significantly impacted by the recent oil price downturns and the various challenges brought about by the Covid-19 pandemic.
Big tests are looming in offshore wind
It’s several decades since I first wrote about the Crown Estate and its enormously influential hold over Scotland’s coastal waters. At that time, it was a virtually unknown subject. Today, it is more relevant than ever.
North Sea M&A: Dealing with the ‘what ifs’ key to a smooth transaction
At the start of the new tax year, we explore the financial landscape of the energy sector.
Ideology shot us in the foot
I spent a few weeks in the mid-70s blowing up glacial boulders on the Norwegian Statfjord field in preparation for the arrival of the Statfjord Alpha platform.
Primat Recruitment: Small changes, big impact
What do Olympic athletes and a North Sea recruitment agency have in common? Marginal gains.
Low-carbon deals fuel the energy M&A market
As governments and corporates set ambitious targets to decarbonise, investment in low-carbon technology is becoming increasingly attractive as a core investment strategy. “Low carbon” comprises technologies that enable the energy transition.
Investment spurs Americas growth for STATS Group
Pipeline technology firm STATS Group has continued to grow its market share in North America throughout the Covid-19 pandemic and is now preparing to move into a larger facility in Houston.
E&P firms that ‘get it right’ can still access equity capital markets
Investors are being increasingly influenced by environmental, social and governance (ESG) themes, but the “hunt for value” still takes centre stage.
A new M&A wave for upstream E&P – could it be the final wave?
A year on from being hit by some of the biggest challenges the upstream exploration and production (E&P) sector has faced and so far in 2021, we have seen a greater volume of disclosed North Sea deal value than in the whole of 2020.
Tributes paid to North Sea commercial diving legend
Tributes have been paid to a “legend” of the North Sea diving scene, Frenchman Georges Arnoux, who died last month, aged 78.
Drillmar Resources and JAB Recruitment join forces in Americas
Aberdeen-headquartered Drillmar Resources has signed a Memorandum of Understanding (MoU) with fellow energy recruitment specialist JAB Recruitment to create DRILLJAB, a joint project with a view to providing staffing solutions to the drilling contractor sector across the Americas.
Transition through innovation for UK oil and gas sector
The UK has just become the first G7 country to agree a landmark deal to support the oil and gas industry’s transition to clean, green energy while supporting some 40,000 jobs. Patent expert Tomas Karger from IP firm Marks & Clerk, who specialises in energy, wireless power and telecoms, reflects on the North Sea transition deal.
Energy infrastructure: The Achilles’ heel of Ukraine’s energy transition
The upcoming energy transition will change approaches towards constructing power systems and their topology. Developing renewables is becoming increasingly critical as the transition away from big energy facilities based on using fossil fuels will lead to the redesign of our energy infrastructure, notably distribution grids.
Updated: Flights to Mariner platform suspended after copter gets stuck on helideck
Crew change flights to Equinor’s Mariner A platform have been suspended after an aircraft got stuck on the installation’s helideck, the Norwegian oil firm said today.
Pioneer to buy DoublePoint in $6.4bn Permian deal
Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months after completing its purchase of fellow shale driller Parsley Energy Inc. as it expands in the U.S. Permian Basin.
Oil giants win climate suit as judges push for political fix
New York City suffered another setback in its effort to make Exxon Mobil Corp., BP Plc and other energy companies help cover the public costs of dealing with climate change, as a federal appeals court ruled the global problem demands political rather than legal action.
No movement on UK exploration activity since December
Westwood Global Energy reports that as of March 31 there was one exploration well and one appraisal well active in the UK, with no change since the end of December.
Equinor steals thunder with Blasto success
There were three exploration well programmes active offshore Norway as of March 31, in addition to which, one was in the process of completing.
Harbour Energy talked up as future ‘go-to’ for oil investors on London debut
Harbour Energy was lauded as a future “go-to” name for oil and gas investors after making its debut on the London Stock Exchange yesterday.