OPEC+ standoff persists with inflationary price spike at stake
OPEC+ allies were locked in a tense diplomatic standoff on Friday amid a dispute that threatens to send oil prices sharply higher.
Northern Irish firm invests £700k in decommissioning tools
An engineering company has invested more than £700,000 to develop tools which provide greener, faster and safer solutions for decommissioning in the energy sector.
Shell switches on Europe’s largest PEM green hydrogen electrolyser
British-Dutch giant Shell has activated Europe’s largest PEM green hydrogen electrolyser at its Energy and Chemicals Park near Cologne, Germany.
Short sellers, shareholders and carbon lobbyists
ReconAfrica has been on a tear recently but short sellers have cried foul, raising concerns about the company’s viability. Has it found 120 billion barrels? Or nada? Either way, people on the internet have Opinions and are extremely keen to share them.
Subsea 7 gets nod for OKEA tie-back project in Norway
Subsea 7 will lay on subsea production systems and pipelines for OKEA's Hasselmus project in the southern Norwegian Sea.
City ‘ready to pivot into energy leader’
Aberdeen has the opportunity to “pivot” itself to a leading position as Europe’s energy capital and is ready to embrace the challenge.
Maven acquisition is now complete in deal worth up to £100m
Mattioli Woods has completed the acquisition of private equity firm Maven Capital Partners in a deal worth up to £100 million.
Oil industry more engaged than ever on D&I
It could be argued it is long overdue, but the oil and gas industry is more engaged than ever in addressing Diversity & Inclusion (D&I) parity within the sector.
Energy industry rising to the challenge of a hydrogen economy; infrastructure the greatest hurdle, DNV says
Energy professionals identify lack of investment in infrastructure as the joint-highest risk their organizations face in relation to hydrogen – and a significant majority (78%) say repurposing existing infrastructure will be crucial to developing a large-scale hydrogen economy.
Aker Solutions and AF Gruppen to merge decommissioning divisions
Norwegian firms Aker Solutions and AF Gruppen intend to merge their offshore decommissioning operations into a 50:50 joint venture.
‘In the driving seat’: DNeX earmarks £51.4m for Anasuria Cluster after completing Ping deal
Malaysian firm Dagang NeXchange (DNeX) said it had earmarked £51.4 million for production boosting work at the UK North Sea Anasuria Cluster after completing the acquisition of compatriot Ping Petroleum.
Var Energi’s King and Prince exploration programme a royal success
Westwood Global Energy reports that there were three exploration wells and one appraisal well active as of June 28. In addition, one appraisal re-entry of an exploration well is currently active. Key wells in June include discoveries at King/Prince and Garantiana West and frontier play tests at Stovegolvet and Stangnestind. A total of 14 exploration wells have completed to date in 2021, from which seven commercial discoveries have been made giving a 50% commercial success rate to date.
First exploration well of the year ‘spudded’ in UK North Sea
Westwood Global Energy reports that as of June 28 there was one exploration well and one appraisal well active in the UK. Completions to date in 2021 are one appraisal well at 22/26d-3 Glengorm South and one exploration well at 22/6c-B4Z Bacchus South.
Crystal Amber says Bluewater ‘very keen’ to discuss longer stay for FPSO on Hurricane’s Lancaster field
Activist investor Crystal Amber says Bluewater Energy is “very keen” to discuss options for keeping its Aoka Mizu vessel on Hurricane Energy’s Lancaster field.
EnQuest outlines details of £36m equity raise for Golden Eagle deal
London-listed oil firm EnQuest today announced details of a £36 million equity raise intended to help it pay for a UK North Sea acquisition.
Hurricane non-exec directors jump ship ahead of key votes, CEO to stay on
Troubled UK oil producer Hurricane Energy’s five non-executive directors have decided to resign, rather than wait for ballots to be held on their positions.
Cerulean reveals key partner for huge North Sea floating wind and platform electrification scheme
A fledgling company behind a £10-billion plan to decarbonise swathes of North Sea oil platforms using 200 of the largest floating wind turbines has revealed the identity of one of its partners.
Franco-Scottish duo team up for tidal energy expansion
A Franco-Scottish alliance has been formed to speed up the deployment of commercial tidal energy schemes in both countries.
People will only go aboard Ninian Northern if there is ‘no other option’, HSE says
A top inspector says she has “no issue” with waste management firm Veolia’s handling of the Ninian Northern oil platform dismantling job after a union boss raised safety concerns.
Guidelines launched to help build more inclusive workplaces offshore
Recognising the important role inclusion plays in any workplace in terms of productivity, engagement and mental health, AXIS in partnership with Step Change in Safety, led a comprehensive pan-industry project to better understand the experiences of people working offshore.
Hunting clinches ‘sizeable’ order for oil recovery procedure that relies on microbes
Oilfield service firm Hunting said today it had clinched its first sizeable order for a pioneering technology that uses microbes to increase hydrocarbon production.
Updated: Court rejects Hurricane Energy’s restructuring plan
Bosses at Hurricane Energy are “considering all options”, including an appeal, after a court refused to sanction the beleaguered North Sea oil firm’s restructuring plan.
Piper Alpha priest Rev Canon James Alexander dies aged 94
Prison and RAF chaplain, Piper Alpha priest, Peterhead councillor and Aberdeen and Orkney canon, the Rev James Douglas Alexander has died at 94.
Petrofac warns of ‘depressed’ market while UAE suspension hits backlog
Petrofac warned today that orders were likely to remain depressed in engineering and construction (E&C) this year due to the ongoing Covid-19 pandemic.
‘Ronseal moment’: OGTC renamed as Net Zero Technology Centre
An Aberdeen-based technology centre initially set up to boost North Sea oil production is being renamed to better reflect its recent “pivot” to emissions-busting endeavours.