OGUK 2016: UK Government must do more to help oil industry says Holyrood minister
The UK Government must take further urgent action to boost oil and gas exploration in the North Sea, according to Scotland’s Economy Secretary.
Statoil gets go-ahead for Oseberg Vestflanken 2
Norway's oil ministry has confirmed Statoil's Oseberg Vestflanken 2 field has been approved for development.
Annual climate change target achieved for the first time
Scotland has met its annual climate-change target for the first time, the latest greenhouse gas emission figures show.
IEA sees oil market balancing in 2017
The global oil market will be almost balanced next year as demand continues to rise faster than production, while the current oversupply is much smaller than previously thought, the International Energy Agency said.
IGas looks for new investors as oil price recovery helps position
IGas, one of the leading producers of hydrocarbons onshore in Britain, has revealed it is in talks with a number of potential investors.
Gulf Keystone extends standstill agreement
Gulf Keystone has extended its standstill agreement with stakeholders until July 1.
Airbus trials new weapon system on military version of crisis hit Super Puma
Airbus Helicopters has recently completed a first round of firing tests using with a variant of the Super Puma helicopters grounded following the latest fatal crash involving the troubled copter.
Aberdeen-Norway Gateway event begins in Granite City
The Aberdeen-Stavanger Gateway, which celebrates and builds upon both cities' oil and industry heritage against a backdrop of tough times for both, begins in Aberdeen today.
Tech Tuesday: Heliex is harnessing power of wet steam – with help from BP
A Scottish company has harnessed the power of wet steam to stake a claim in a market that could be worth as much as $70billion.
Microsoft buys LinkedIn for $26.2billion
Microsoft has agreed to buy business social network LinkedIn for $26.2 billion.
Eni gets Norwegian wildcat go ahead
The Norwegian Petroleum Directorate has granted Eni Norge a drilling permit for a wildcat well in the Barents Sea.
DNV GL wins certification contract for Arkona windfarm
E.ON has awarded the project certification contract for the new Arkona offshore wind farm to DNV GL.
As oil hits $60 the shale guys are jumping back in
Crude’s advance of more than 90% from a 12-year low earlier this year has US shale producers starting to return to their drilling rigs, threatening to slow further gains.
Subsea UK leads industry delegation to press Westminster for support
Industry body Subsea UK is leading a delegation of high profile subsea leaders from companies across the country’s supply chain to Westminster on Wednesday to urge MPs to do all they can to protect the £9billion subsea industry.
Redundant oil workers who retrain as teachers guaranteed a job
Redundant North Sea workers who retrain as teachers will be guaranteed employment for four years under a Scottish Government scheme.
Norway grants Rutil start up consent in North Sea
The Norwegian Petroleum Directorate (NPD) has granted Gullfaks field licence holders consent to begin producing from the Rutil deposit on Gullfaks South.
RedT Energy makes first inroads into African energy storage market
Energy storage technology firm RedT Energy had delivered its first storage systems Africa at a housing development in Johannesburg.
UKOG ups stake in Weald Basin
UK Oil & Gas Investments has paid £3.5m to acquire another licence in the highly prospective Weald Basin, near Gatwick Airport.
Europa extends stake in Atlantic basin “hot spot”
Europa Oil & Gas has increased its sole operatorship licences in the Atlantic basins offshore Ireland to seven following the latest transfer of two licences from Kosmos Energy.
Rig Control Products launches new drill floor safety system
Control and instrumentation specialist Rig Control Products has launched the latest generation of its drill floor safety management system.
E-Reps Forum puts spotlight on North Sea environmental issues
The spotlight is again put on the offshore industry’s environmental responsibilities at the 5th E-Reps Forum later this year.
GE Oil and Gas launches new subsea connector
GE Oil & Gas has completed the qualification of its upgraded 36kV high voltage wet mate connector.
BP Statistical Review reveals oil remains world’s leading fuel
BP has launched the 65th edition of its Statistical Review of World Energy, launched today, and claims the world is shifting to lower carbon fuels.
Intermoor completes chain tensioning and cutting on Shell’s new FPSO
InterMoor has successfully completed final tensioning and chain cutting operations on the FPSO Turritella for the Shell Stones project in the Gulf of Mexico.
Updated: Unions ballot Wood Group members on industrial action over “30% pay cut”
Offshore unions have launched a ballot for industrial action on Wood Group over pay and conditions.