Repsol Sinopec gets rap on knuckles over failure to keep wells in good condition
An offshore safety watchdog has criticised Repsol Sinopec Resources UK (RSRUK) over the condition of wells on several North Sea fields.
Tailwind Energy snaps up North Sea minnow Decipher
Tailwind Energy said today that it had agreed to buy fellow UK North Sea oil and gas firm Decipher Energy, of Aberdeen for an undisclosed sum.
‘Landmark day’: Harbour lists in London as Chrysaor and Premier complete deal
Exploration and production firm Harbour Energy makes its bow on the London Stock Exchange today.
Updated: Parkmead confirms agreement ‘in principle’ to become Platypus operator
Energy firm Parkmead Group confirmed today that it had “agreed in principle” to take over as operator of the Platypus project in the southern North Sea.
i3 Energy allocates £1.16m for maiden dividend, says Serenity farm-out talks advanced
London and Toronto-listed oil firm i3 Energy said today it is close to declaring its maiden dividend.
Sex attacker oil boss facing long prison sentence
An oil boss is facing a “significant custodial sentence” after being found guilty of sexually assaulting and attempting to rape a woman in Aberdeen.
Exemptions promise on new policy shows government taking concerns on board
Subsea industry chief Neil Gordon says exemptions to the UK Government’s new policy on fossil fuels projects abroad shows the sector's concerns had been heeded.
Fugro selling Seabed Geosolutions subsidiary for $16m
Fugro has struck a deal to sell “certain assets and the related business” of its Seabed Geosolutions subsidiary for $16 million to PXGEO Seismic Services.
Cairn remains ‘confident’ as India appeals $1.2bn tribunal ruling
Cairn Energy confirmed today that India had appealed a tribunal’s decision to award the Scottish oil firm $1.2 billion over the breach of an investment treaty.
R&D tax credits – the fuel for your business cashflow
No individual, business or organisation in the world has been left untouched by Covid-19 and with many businesses on their knees and not knowing where to turn, it has been a tumultuous year. However, a survey recently carried out by Santander found that of all the UK, those in Scotland are the most positive about bouncing back, with 74% of participants citing that they are now confident of growth within the next three years. This figure is up from just under 24% in autumn 2020.
Vessel on BP Foinaven field set for significant shutdown
The vessel on the Foinaven field, operated by BP, is set for a “significant” shutdown so that a number of safety issues can be resolved.
Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030, Rystad says
Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines. In a report that looked into the adoption of robotics across the petroleum industry, Rystad Energy found that existing solutions could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition.
Plexus banking on higher revenues in second half on back of Spirit deal
Bosses at Plexus said today they were projecting higher revenues in the second half of the wellhead technology firm’s financial year on the back of a deal with Spirit Energy.
KCA Deutag celebrating contracts worth £80m
Scottish oil and gas drilling firm KCA Deutag has secured contracts worth around £80 million in Pakistan, Russia, Kurdistan, Europe and Germany.
Worley sells public infrastructure advisory business for $48m
Worley has sold its public infrastructure advisory business Capital Projects Advisory (CPA) for $48 million to SA Management Pty (TSA).
Shell and Deltic to drill ‘vital’ southern North Sea prospect in 2022
Shell and partner Deltic Energy have confirmed plans to drill the “high-impact” Pensacola prospect in the UK southern North Sea.
‘Significant interest’ shown in EnQuest owned vessel
EnQuest’s chief executive says the oil firm has received offers for the vessel which served its Alma-Galia fields.
£9m funding pledge for Shetland decom facility a step in right direction
Harbour and industry chiefs say a £9 million funding pledge for a “game-changing” ultra-deep water decommissioning facility in Shetland is an important step in the right direction.
Shell looking at options for new Aberdeen headquarters
Oil major Shell is on the hunt for new headquarters for its Aberdeen workforce.
BP tells shareholders to reject climate resolution amid ‘discrepancy’ claims
Energy giant BP has urged shareholders to reject a climate change resolution at its AGM in May amid claims its strategy is at odds with a key international pact.
EVOL: The deal, the nightmare and The Rig
The government has set out its plans, in the nick of time, for the oil and gas sector to cut carbon emissions and evolve to 2030. There are plenty of hopes and big numbers, but it’s clear the industry is expected to stump up a fair amount of cash to make the dreams come true.
Wood and ReNew ELP to partner on landmark hydrothermal plastic recycling facility
Wood, the global consulting and engineering company, has entered into a partnership with ReNew ELP to develop the world’s first commercial-scale plastic recycling plant using an innovative advanced recycling process in the north east of England.
Shaping the future of HSE
This year has been incredibly tough for everyone. Covid-19 has created enormous uncertainties in every aspect of our lives that will reverberate for years. And my strong suspicion is that our society and our industry cannot go through upheavals of this nature, and simply return to life as it was before.
Step Change in Safety’s ‘Life Saving Rules’ theme puts the focus on personal control
Step Change in Safety, the UK’s member-led energy safety organisation, says its “Life Saving Rule” quarterly safety theme has landed well with industry.
New renewables lead created at Ashtead Technology
Ashtead Technology has created a new role to head up its increasing activities in renewable energy.