Good times ahead for North Sea oil industry says Brown
The North Sea oil industry has a long future with “good times ahead” if it can work past the current downturn, according to Holyrood Economy Secretary Keith Brown.
Independent Scotland could be more “proactive” in helping North Sea says Brown
Cabinet secretary for the economy Keith Brown has said an independent Scotland could be more "proactive" in helping the struggling North Sea oil and gas industry.
Ireland concludes second round of Atlantic margin licences
Ireland's latest Atlantic Margin Licensing Round has seen 11 companies snapping up opportunties offshore the Emerald Isle.
SeaEnergy placed in administration
Aberdeenshire-based SeaEnergy has been placed in administration as marine engineering services specialist James Fisher & Sons acquired the firm's Return to Scene (R2S) business.
Statoil awards Johan Sverdrup fabrication contract to Rosenberg WorleyParsons
Statoil has awarded Rosenberg WorleyParsons a contract for fabrication of three bridges and two flare towers for the massive Johan Sverdrup project.
Opinion: OPEC meeting yields little change in policy
As expected, the OPEC meeting concluded in Vienna on 2 June without agreement on a production ceiling.
GE Oil & Gas lands Statoil Johan Sverdrup contract
GE Oil & Gas has secured a major deal with Statoil to supply surface wellhead and christmas tree equipment for the landmark John Sverdrup in the North Sea.
Noble and partners receive Leviathan go-ahead
Israel has approved the development of the $5billion Leviathan natural gas field which is set to give Israel a second source of gas supply and turn it into a gas exporter.
Ministers to meet oil industry leaders in Aberdeen
Scottish ministers will travel to Aberdeen tomorrow to meet with key oil and gas figures to hear how the industry is coping to the oil price crash.
Unions respond to further Super Puma grounding
Union organisation Offshore Coordinating Group said offshore workers remained concerned about any resumption of flights of the Airbus Super Puma H225, following the Norwegian authorities decision to ban all flights, including search and rescue missions.
OPEC to hold a steady course – keeps on pumping
OPEC plans to stick to its policy of unfettered oil production after members failed to agree on a new output ceiling, according to a delegate at the group’s meeting in Vienna.
TAQA makes senior appointment
TAQA today announced the man in charge of the company's restructuring project, Saeed Hamad Al Dhaheri, is to become acting chief operating officer.
Schlumberger sees disruptive opportunties in Saltel acquisition
Schlumberger is looking to deliver new opportunities in the completions market with the acquisition of fellow French firm Saltel Industries that offers expandable patches and steel packers technology.
RGU hosts oil jobs event for out of work former students
Former students at Aberdeen's Robert Gordon University affected by the oil and gas downturn are being given support from the "alma mater" to help find their next jobs.
Oil and gas firms must consider Brexit trade outcomes
Oil and Gas firms trading with EU countries face three possible outcomes if the UK chooses Brexit on 23 June.
Seadrill appoints new VP
Seadrill has appointed Anton Dibowitz as executive vice president, adding to his ongoing role as chief commercial officer and freeing chief executive Per Wullf to focus on a refinancing process.
Fort McMurray residents face ‘shock’ on return after wildfires
Waseem Amin has been making big plans for his return to Fort McMurray, the Canadian oil-sands town devastated by wildfires last month. He came home to a city smelling of smoke and surrounded by charred hills dotted with hulks of burned trees.
AFC Energy makes progress despite £3.9million loss
Industrial fuel cell power company AFC Energy said the move towards clean and sustainable energy would see demand for its demand increase during 2016 and beyond.
ACE secures Hebron contract offshore Canada
Deck machinery specialist ACE Winches has secured a six-figure contract with an operator to support in connecting the Hebron gravity based structure (GBS) and topsides offshore Canada.
Tendeka lands four year contract with Wintershall
Completions specialist Tendeka has won a four-year contract with Wintershall with a further four-year extension option.
Higher oil prices help FTSE into positive territory
London’s FTSE 100 Index edged back into positive territory amid higher oil prices as investors focused on a crunch meeting between members of the Opec cartel.
Nighthawk Energy slumps to big annual loss of $72million
Nighthawk Energy, the UK listed, American focused independent producer blamed falling production and low prices for its $72million loss for the financial year.
US agencies declare offshore fracking has “minimal impact” on environment
Two US federal agencies have found that fracking off the Californian coast has no signifcant impact, lifting a moratorium that was put in place earlier this year.
Oil dips as recent gains seen as unsustainable
Oil declined for a fourth day on concern recent gains were unsustainable, while shuttered Canadian operations started to reopen.
Carbon Holdings looks to future with World Bank investment
Egypt's Carbon Holdings, a petrochemical producer, has received a $25million funding boost from the World Bank’s private investment arm, International Finance Corp.