Boris Johnson warns of ‘catastrophe’ if Kim realises nuclear ambition
Boris Johnson has warned the situation in North Korea is “very, very serious“ after referring to Donald Trump’s mockery of “Rocket Man” Kim Jong Un.
Promoted: Porsche reveals new range-topping Cayenne Turbo
Porsche has pulled the covers off its new Cayenne Turbo SUV at the Frankfurt Motor Show.
Investigation launched after Spiderman scales oil platform
A thrillseeker has climbed to the top of the towering Buchan Alpha platform currently being decommissioned in Shetland - dressed as Spiderman.
Baker Hughes, a GE company, signs digital partnership deal
Baker Hughes, a GE company, today confirmed a preferred partnership with KBC, a wholly-owned subsidiary of Yokogawa Electric Corporation.
Regulatory changes to drive M&A activity for oil and gas industry
Dealmakers in the oil and gas sector believe the recent deregulatory environment will drive more M&A activity, with new capital poised to flow in, according to a recent survey conducted by Merrill Corporation, a leading provider of virtual data rooms, regulatory disclosure services, and regulated communications. This survey was conducted as part of Merrill’s ongoing webinar series on M&A across various segments, and included industry experts plus nearly 300 dealmakers.
Meeting 1.5C climate goal ‘not out of sight’, scientists say
It is still physically possible to meet ambitious climate goals agreed by world leaders to limit global temperatures rises to 1.5C, scientists have said.
Smart meter pinpointing energy waste ‘could bring big savings to homeowners’
Homeowners could benefit from significant energy savings thanks to the first smart meter to provide personalised advice based on usage, scientists claim.
ITF’s decommissioning tech talk showcases technology solutions
The Industry Technology Facilitator (ITF)’s latest Innovation Network Tech Talk event brought together 120 technology developers, industry bodies, service companies and operators to discover the opportunities for efficient and cost-effective decommissioning and well abandonment.
North Korean threat to sink Japan ‘outrageous’
A North Korean threat to sink Japan with a nuclear bomb is “extremely provocative and outrageous”, Japan’s top government spokesman said.
Value of North Sea oil and gas rises with production and price increase
The value of Scottish North Sea oil and gas has risen driven by an increase in production and prices, according to new figures.
Donald Trump describes North Korea sanctions as small step
US President Donald Trump has said new UN sanctions “are nothing compared to what ultimately will have to happen” to stop North Korea’s nuclear march.
North Sea: Two years of Efficiency Task Force marked
Big changes have been taking place across the UK offshore oil and gas industry. Historically considered overly conservative and tied to old ways, it is now at the forefront of a new collaborative and efficient approach to working, which is gaining recognition across the world.
Opinion: Reaching out to new talent
The prolonged downturn in commodity price that started in the summer of 2014 has seen more than 350,000 people globally lose their jobs in the oil and gas industry to date. However, as BP’s mantra ‘lower for longer’ evolves into Shell’s phrase ‘lower forever’ and we adapt to the reality of working with an oil price around $50 per barrel, signs of recovery are beginning to occur.
‘World’s biggest offshore windfarm’ among successful auction projects
The world’s biggest offshore wind farm will go ahead at record low prices after securing subsidies in the latest Government auction, its backers said.
Offshore windfarm subsidy costs drop to record lows in latest contract round
The cost of subsidies for new offshore windfarms has tumbled to record lows in the latest round of contracts being awarded for clean energy projects.
Gallery: Gold Awards in pictures
The Press and Journal hosted its third annual Gold Awards on Friday night to celebrate the success of the oil and gas industry.
Windfarms in Scotland could powered 93% of homes in August, new figures show
Wind farms in Scotland generated enough electricity in August to power nine out ten of all Scottish households, new figures reveal.
Opinion: The plastic fantasy that’s propping up the oil market
Kenya's mountains of plastic bags might not seem central to oil's grand narrative, but they are. Last week, the East African country banned almost everything about them: making them, importing them, selling them, using them, with penalties of up to four years in jail or fines up to $38,000.
North Korea’s nuclear weapons programme must be halted, Defence Secretary says
North Korea’s nuclear weapons programme must be halted before it develops a ballistic missile capable of hitting London, according to the Defence Secretary.
Syrian Army in race with US-backed fighters for Eastern Syria
US-backed Syrian fighters have launched an offensive against the Islamic State group in eastern Syria along the border with Iraq.
Opinion: A cultural shift – leaving yesterday behind
The box chart below shows the average drilling difficulty (on a P50 basis) of offshore wells drilled in the North Sea basin from 2000 to 2016. The data suggests that the average drilling difficulty hasn’t changed very much over the last two decades – it has been relatively flat. The Rushmore Drilling Index (RDI) is a measure of the difficulty of drilling a well and is used for normalisation purposes. The numbers in parenthesis represent the number of wells that were drilled to Total Depth in a given year.
Opinion: How EIA guestimates keep oil prices subdued
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.
Promoted: Attend this year’s Upstream Intelligence Conference
Adoption of a holistic digital strategy is imperative for the global oil and gas industry to be able to deliver the cost-savings needed to remain competitive in a lower-for-longer oil price climate.
Promoted: Smart Oil & Gas – using predictive technologies to increase production
Predictive technology specialists, Operational Excellence (OPEX) Group, are helping upstream operators to increase oil and gas production through the smart application of digital solutions.
Promoted: Denholm MacNamee best placed to clean up
Aberdeenshire-based Denholm MacNamee Limited is the first choice for innovative asset cleaning and decontamination solutions.