While the North Sea is far from being on its last legs, the collapse in the price of oil and the high cost of running ageing infrastructure does mean that production is becoming uneconomic in an increasing number of fields. This has brought decommissioning activity into sharp focus, for upstream producers as well as the supply chain. Similarly, the subject of decommissioning tax relief has attracted much press coverage in recent months.
Saudi Arabia’s King Salman and hundreds of business leaders have arrived in Japan for talks mainly expected to focus on economic ties.
Seadrill this morning confirmed it reached a settlement with Hyundai Samho Heavy Industries (HSHI) in relation to the West Mira dispute.
Repsol Sinopec today confirmed it was forced to shutdown part of its North Sea production after a suspected oil leak.
Shell today confirmed it would propose at its annual meeting that it appoint two new board members.
Standard Life has announced the departure of its head of equities David Cumming just days after the firm’s £11billion merger with Aberdeen Asset Management (AAM) was confirmed.
Premier Oil today revealed it recorded profit after tax of $122.6million in 2016.
Shell this morning confirmed a massive portfolio shake-up.
Cairn Energy's chief executive today said the firm was well-positioned to deliver on behalf of its shareholders.
Statoil's Hywind project will be the world's first floating offshore windfarm. It will produce enough clean energy to power around 20,000 homes in Scotland.
Cairn Energy has agreed a farm-out deal with cairn energy.
Sound Energy has started its onshore drilling campaign in Italy, the firm today confirmed.
Industry doyen Sir Ian Wood has kicked-off a new campaign ahead of SPE Offshore Europe 2017 to encourage previous and future visitors, exhibitors and speakers to share their experiences of the event and what they are looking forward to seeing at September’s conference and exhibition.
Aggreko has bore the brunt of some "challenging trading" due to the dip in oil and gas, its chief executive said today.
KCA Deutag today confirmed it had won a contract for the delivery of two geothermal wells in the Netherlands.
Optime Subsea has named Jarle Tautra as its new chairman.
Cairn Energy's Senegal appraisal well has lived up to expectations, according to the firm.
Amec Foster Wheeler this morning confirmed it had landed global downstream deal with Shell.
The oil and gas industry doesn't need further tax breaks in this week's Westminster budget, according to Scottish Conservative energy spokesman Alexander Burnett.
SacOil today confirmed it had acquired 100% of Phembani Oil Proprietary for $15.4million in a bid to diversify its business.
Independent Resources revealed a mass company overhaul this morning.
Anglo Africa Oil & Gas (AAOG) today confirmed its admission to the AIM Market of the London Stock Exchange.
An £11billion deal to merge Aberdeen Asset Management (AAM) and Standard Life could be completed as soon as today.
Lundin Petroleum has kick-started appraisal drilling on the Edvard Grieg field and the Gohta discovery.
Aberdeen South MP Callum McCaig has called on the chancellor to show that all industries have his "full confidence" in this week's Budget.
