Delays to major North Sea project could cost billions
Delays to a one of the biggest North Sea projects could cost thousands of jobs and more than £3billion.
Sir Richard Branson joins speakers list at All Energy 2014
Sir Richard Branson has joined the list of speakers for this year’s All Energy 2014 programme.
UK left with five years of oil, report claims
A new report claims the UK will run out of oil in 5.2 years.
Transocean wins North Sea extension
Transocean has won a two year extension for its work in the North Sea.
Petrofac lands massive $960million contract
Global oil and gas services provider Petrofac has won a three-year contract for the Reggane gas project in the Algerian Sahara desert worth $970million.
Norwegian safety authority criticises Statoil after near fatal gas leak
The Norwegian Safety Authority has criticised Statoil after a potentially fatal gas leak. The hydrocarbon leak occurred at the Hammerfest LNG facility in northern Norway.
Technip lands major gas contract
Technip has landed a major contract for a liquefied natural gas facility.
Dana Petroleum acquires majority interest in Danish licence
Dana Petroleum has acquired the majority interest in a Danish licence.
Cairn Energy reaches major North Sea milestone
Cairn Energy has reached a major North Sea milestone. The independent oil and gas explorer confirmed BNP Paribas will underwrite its seven-year $575million debt facility to part-fund development in its Kraken and Catcher fields.
Information – the undervalued safety asset
Through my studies of disaster inquiries such as Piper Alpha, Texas City, and Macondo, it’s become clear that an organisation's information is equally as valuable as its tangible assets. Whereas poor IM can ripple throughout an organisation, causing it to haemorrhage intelligence through conflicting and contradictory data, effective IM can tie together an organisation’s knowledge in one authoritative set, helping to mitigate risks and enabling greater organisational safety.
Gulf Keystone warns of uncertainty over delayed payments
Gulf Keystone Petroleum today warned $24million of delayed payments cast uncertainty over its revenue outlook.
Wood Group’s financial performance exceeding expectations one week after rate cuts announced
Wood Group today reported its financial performance for the year was already exceeding expectations. The statement comes just one week after Wood Group PSN announced it would cut contractor rates by 10%.
3sun lands Siemens contract extension
3sun Group has secured a contact with Siemens after successfully delivering £15million of work.
Strong UK returns buoy Premier’s production rise
Premier Oil today confirmed production was up 13% averaging in at 65.8 kboepd.
Harbour bosses push for expansion after bumper year
Aberdeen Harbour bosses have stressed their need to expand after the port reported another “outstanding” year. And its figures could have been even better but for a downturn in oil and gas activity towards the end of 2013 following the Sumburgh helicopter tragedy.
Ithaca’s profits soar thanks to new programme
Ithaca's first quarter profit increased by 370% after the successful rollout of its production enhancement programme.
Community Energy Scotland lands £100,000 for carbon cutting scheme
Community Energy Scotland landed a £100,000 windfall from the SSE’s Highland Sustainability Fund.
Lundin Norway completes appraisal in North Sea
Lundin Norway AS is due to complete the drilling of its appraisal well on the Edvard Grieg oil field located in the central part of the North Sea.
Sterling Energy completes farmout with Jacka Resources
Sterling Energy has completed its farmout agreement with Jacka Resources for the acquisition of an additional 15% interest in the Production Sharing Contract for the Odewayne Block.
Leni Oil and Gas reaches production milestone
Leni Oil and Gas (LGO) has it the 100,000 barrels milestone for its Trinidad and Tobago exploration.
ADIL makes three senior appointments
ADIL has made a series of senior appointments.
Northcote Energy team up with Springer Oil to buy Aminex
Northcote Energy has teamed up with Springer Oil and Gas to buy the US operation of Africa-focused oil and gas exploration and production company Aminex.
Petrofac warns of falling profits
Petrofac warned its profits would be slashed by more than 10%.
HWEnergy recognised for carbon reductions
HWEnergy has scooped an industry award for its carbon emissions reduction work. The biomass specialist, which is headquartered in Fort William, bagged the accolade for its contribution to the NHS Scotland’s Carbon and Energy Reduction Framework.
OTC 2014: Rovop strikes £17million deal with Californian firm
Subsea specialist Rovop struck a £17million deal to acquire five new remotely operated vehicles (ROVs) from a US manufacturer at this year’s OTC.