Oilex takes a loss
Oilex reported a $3.2million loss for the first half of final half of the year.
Atlantis targets French tidal power sector
Atlantis Resources to day confirmed it was targeting the French tidal power sector.
Exclusive: Maersk Oil boss says ‘We want to grow in the North Sea’
Maersk Oil UK’s boss said yesterday that confidence is high at the business as it targets an expansion of its North Sea portfolio.
Gallery: Culzean’s FSO coming to life
These incredible photos show Maersk Oil’s Floating Storage and Offloading (FSO) unit coming to life in a Singapore yard. The stunning piece of engineering will later make its way to the North Sea for Maersk Oil’s £3.3billion development. Click here to watch the project’s topsides take shape.
Eni Norge’s wildcat bites dust
Eni Norge's wildcat well failed to recover any hydrocarbons.
Amec wins £60m Centrica deal, secures 200 jobs
Amec Foster Wheeler has won a £60million deal with Centrica for its Morecambe Bay onshore and offshore gas production assets.
Total fires-up Congo production
Total today confirmed first production for its offshore Congo development.
Premier Oil secures final lock-up for refinancing bid
Premier Oil this morning confirmed it had secured the final lock-up for its refinancing bid.
Paul de Leeuw: Brexit impact on the oil and gas industry in the UK
Few could have predicted the sequence of events triggered by former Prime Minister David Cameron, when in February 2016 he made his announcement on the steps of Downing Street that the Brexit referendum would indeed take place. Irrespective of the way people then voted on June 23rd 2016, very few would have wagered that the FTSE 100 index of leading shares would now be at a record high and that the UK would be one of the fastest growing economies in the developed world.
Opinion: Onshore decommissioning jobs myth
Recent comments on the job opportunities offered by onshore decommissioning activities have left me perplexed and dismayed. I can see no basis for them and they come from people who you would expect to know better. They include Jenny Marra, Labour MSP for North East Scotland, and trade unionists. Are they deliberately avoiding the facts in the hope of a self fulfilling prophecy – that there will be a jobs bonanza? So what are the facts? The following is extracted from Scottish Enterprise’s Oil and Gas Decommissioning Plan (2016), which has been taken from Oil and Gas UK publications. As can clearly be seen the onshore spend is only a small fraction of the overall decommissioning expenditure - around 1-2%.
800 workers stood down over pay dispute
Laing O’Rourke has stood down more than 800 workers from 46 billion Ichthys liquefied natural gas (LNG) project over a pay dispute.
Faroe’s exploration well comes up Boné dry
Faroe Petroleum this morning confirmed its Barents Sea wildcat had come up dry.
Statoil admits 25 tonne gas leak
Statoil confirmed a gas leak had occurred on its Asgard field.
Opinion: Economics important, but not everything in referendums
Though there are a number of legal obstacles in the way, it looks almost certain that there will be a second referendum on Scottish independence towards the end of 2018 or into early 2019. Brexit has fundamentally changed the context of the vote, and the UK can no longer present itself as the stable and secure option in the way that it could in 2014. That said, the arguments for independence are in many ways weaker now than they were then.
Opinion: When low oil forces collaboration
Intellectual Property specialist Marks & Clerk sponsors the Collaboration Award at the upcoming Offshore Achievement Awards later this month.
Montrose production shut-in for fourth day, after oil sheen spotting
Respol Sinopec is expected to resume investigations today after a supply boat vessel spotted an oil sheen near its Montrose Alpha and Arbroath platforms in the UKCS North Sea.
Wood Group mega-merger will create dominant player in a fragmented market
Wood Group's £2.2billion mega-merger will create a dominate player in a fragmented market, analysts today said.
Subsea 7 acquires Seaway Heavy Lifting
Subsea 7 today confirmed it has acquired Seaway Heavy Lifting from K&S Baltic.
LGO celebrates drilling success
LGO today confirmed its first development well in the Gourdron field struck oil.
Gaelectric partners with French company Ireland offshore wind bid
Gaelectric has partnered with French firm Ideol to develop offshore wind off the coast of Ireland.
Amec’s share price jumps 20% on takeover bid
Amec’s share price soared 20% this morning after Wood Group revealed plans to take it over in a £2.2billion deal.
Amec secures £125million nuclear deal
Amec Foster Wheeler has landed a £125million nuclear deal.
Updated: Wood Group to takeover Amec in £2.2bn deal
Two of the biggest North Sea services players this morning revealed plans to combine.
Investigations to resume today after suspected North Sea leak
Investigations are set to resume this morning after a suspected North Sea leak.
BP’s Mark Thomas: How the industry can stay competitive in a rapidly changing world
I was grateful to be invited to address the Aberdeen business community last week as part of the Scottish Council for Development and Industry’s (SCDI) Oil and Gas Industry Leader Series.