‘Accident waiting to happen’: Valaris fined £130k after North Sea crane boom collapse
Drilling company Valaris (NYSE: VAL) has been fined £130,000 by an Aberdeen court following a North Sea crane boom collapse in 2016.
Aberdeen’s OEG Renewables lands Taiwan offshore wind contracts
OEG Renewables is continuing its expansion into the Asia-Pacific renewables markets, with further opportunities beckoning in Japan and South Korea
HSE finds Apache failed to properly maintain Beryl flare supports since 2013
The Health and Safety Executive (HSE) has issued an improvement notice to North Sea operator Apache over its failure to properly maintain supports to the flaring system on its Beryl hub.
Japanese oil executive sacked after whistleblower reports drunken ‘hug’
The parent company of former North Sea operator JX Nippon disciplined three executives over the incident.
Australia’s Finder Energy estimates 206 million boe at North Sea Boaz prospect
Australian oil and gas explorer Finder Energy (ASX:FDR) has outlined details of its Boaz gas prospect in the Central North Sea.
Petrofac secures three-year services contract for TotalEnergies UK assets
The three-year deal continues a strong run of orders for Petrofac in 2023, however the company still faces a range of financial pressures.
Environmental groups launch legal challenges against Rosebank approval
Uplift and Greenpeace will challenge the decision to approve Rosebank on the basis of downstream emissions, legally binding net zero targets and impacts to marine life.
Updated: Shell agrees to sell German refinery stake to Prax Group
Shell Plc (LON: SHEL) agreed to sell its stake in the Schwedt refinery, a plant that supplies much of eastern Germany with fuel and has been caught up in Europe’s standoff with Moscow over the war in Ukraine.
Odfjell Drilling wins £250m two year contract extension with Aker BP for Deepsea Nordkapp
The two-year contract extension will keep the semi-submersible rig with Aker BP until the end of 2026
Equinor takes over Shell stake in Linnorm, Norway’s largest undeveloped gas discovery
Equinor has agreed to acquire Shell's stake in Linnorm, the largest undeveloped gas discovery within the Norwegian continental shelf (NCS).
Fitch downgrades Petrofac credit rating following share price trouble
Credit ratings agency Fitch has downgraded its assessment of North Sea operator Petrofac (LON: PFC) to a 'B-' in the latest sign of financial trouble at the firm.
Unite signs new collective bargaining deal covering 350 Repsol Resources offshore workers
Unite signs third recognition deal with an offshore operator following prior agreements with TotalEnergies and CNOOC.
Grangemouth workers set to be offered financial incentives to stay on to 2025
Petroineos to offer enhanced redundancy terms and above inflation pay rise for ‘jobs on a timer’
North-east man remains in Qatar jail a year after man found dead on oil platform
Prosecutors in Qatar allege that an Aberdeenshire man murdered a colleague and seriously assaulted another - and the court process is yet to conclude.
Kistos expects Shetland Gas Plant to restart within the next two weeks
Shetland Gas Plant co-owner Kistos (LON: KIST) expects the facility to reopen within the next two weeks, the company said today.
OEUK report outlines North Sea clean energy skills potential
The North Sea's skilled oil and gas specialists must be retained to power the transition to clean energy, according to a report released by Offshore Energies UK (OEUK) today.
Occidental’s $10.8 billion takeover is a high-stakes debt wager
The $10 billion of debt lined up for Occidental Petroleum Corp.’s (NYSE: OXY) takeover of Texas shale driller CrownRock LP is sizing up to be one of the largest bridge financing deals of the year — and a crucial test for the energy giant.
BP escalates Venture Global LNG feud with complaint to US regulators
BP Plc (LON: BP) asked US energy regulators to intervene in its dispute with Venture Global LNG Inc. over liquefied natural gas cargoes, escalating a feud that’s roiled the market for the super-chilled fuel.
Revealed: The 28 firms owed more than £140m by North Sea operator IOG
Administrators appointed by IOG have identified 28 creditors owed money by the troubled North Sea oil and gas firm
Troubled North Sea firm IOG owes more than £140m as administrators look to restructure
Troubled North Sea firm IOG owes more than £140 million to creditors as administrators look to restructure the company, new documents have revealed.
The world’s leader in Carbon Capture shows why it’s a long shot
Nearly 200 countries are in the home stretch of tough negotiations at COP28 over what the world should do to combat climate change.
Plans unveiled for £800m carbon capture project at Yorkshire waste-to-energy plant
Waste-to-energy operator Enfinium said the carbon removal project will remove the equivalent of the carbon emissions of "every household in Manchester out of the atmosphere"
Perenco announces near-field gas discovery at Ravenspurn South
Perenco UK has announced a near-field discovery at the Ravenspurn South field, located approximately 40 miles off the coast of Flambrough Head in Yorkshire.
IEA warns COP28 fossil fuel pledges not enough to reach climate targets
International Energy Agency warns that even if the pledges made so far at COP28 summit are delivered, they will "not be nearly enough" to avert 1.5C warming
Shelf Drilling Perseverance rig to depart North Sea for £58m Vietnam contract
Sun sets on Perseverance rig's time in the North Sea, with Shelf Drilling announcing a 16 month contract with PetroVietnam.