Uni’s South Korean offshoot in doubt as demand drops
Plans for a new Aberdeen University campus in South Korea have been thrown into doubt after demand for oil engineering degrees plummeted.
Solar development gets the go-ahead
Moray Council has backed a development which could transform an abandoned airfield into one of Europe’s biggest solar farms.
Inquest into North Sea worker to be held this week
A three day inquest into the death of a North Sea worker offshore is expected to be held this week.
North Sea businesses should leverage late-life opportunities in Western Australia
North-east businesses should seize the opportunity to diversify as Western Australia transitions into a “mature” energy landscape, a government expert said.
Tribunal: ‘I asked for baby leave and oil tycoon fired me’
The former right-hand man of a global energy firm boss has claimed he was sacked after he asked for paternity leave.
BP unleashes groundbreaking tech on North Sea giant Clair
BP’s Clair was one of the North Sea’s original giants.
Aker wins £357.5m deal with Statoil
Aker Soutions has won as string of Johan Casterberg orders with Statoil totalling £357.5million (NOK4billion).
Slow but steady growth forecast
UK economic growth is expected to stay “steady but subdued” over the next two years, according to the latest economic forecast from the Confederation of British Industry (CBI).
Scotland-Japan link to get £15m research fund
A new £15million research and development scheme is being launched today to encourage collaboration between firms in Scotland and Japan in tackling the subsea oil and gas industry’s most complex technological challenges.
Solo Oil confident of new play opening up
Solo Oil today said expressed in confidence in a new play, Rukwa Basin in Tanzania, opening up.
Exclusive Interview: Archie Kennedy – Industry must be brave enough to regain “Rolls Royce” reputation
The North Sea was in its infancy.
Europa Oil & Gas sells licence for £1.4m
Europa Oil & Gas, the UK and Ireland focussed exploration, development and production company, today confirmed the sale of its 50% interest in Promote Licence P2304 (UKCS Block 41/24) to Egdon Resourcesfor £1.45million.
Norway shows how not to run a sovereign wealth fund
Norway’s $1 trillion sovereign wealth fund, which recently announced its intention to remove all oil and gas stocks from its benchmark, has the potential to be the world’s pre-eminent investor. It enjoys more freedom than any other investor in the world, at least on paper. So why is it such a performance laggard, trailing the best-in-class sovereign wealth funds and pension funds it should be leading? The answer offers a cautionary tale to other sovereign funds and pension funds.
VIDEO: 24K tonne Aasta Hansteen platform makes stunning arrival
The 24,000 tonne topside for the Aasta Hansteen gas platform arrived in Norway after a 14,500 nautical mile long journey. That’s equivalent to nearly 26,900 km, or more than 640 marathons!
Lundin spuds Barents well
Lundin Petroleum this morning confirmed it had kick-started drilling of exploration well 7219/12-3 on the Hurri prospect in PL533 in the southern Barents Sea.
Weir Group in board reshuffle
The Weir Group today confirmed non-executive directors John Mogford and Alan Ferguson will retire from the board after the company annual general meeting in April 2018.
Upland buys into North Sea prospect
Upland Resources today confirmed its buy-in to a North Sea prospect.
North Sea’s Kraken strong performance allows Enquest to focus on debt pile
Enquest's flagship North Sea Kraken development has got off to a flying production start.
Independent Oil and Gas gets extension for major North Sea gas hub
Independent Oil and Gas was granted a two year drilling extension for its North Sea Harvey licence.
Tullow secures $2.5billion debt refinancing
Tullow Oil today confirmed the completion of its refinancing of $2.5billion of Reserves Based Lending (RBL) credit facilities.
Total in major sell-off ahead of Maersk deal closing
Total has struck a $1.45billion deal with Statoil.
Opinion: War of words threatens to upend OPEC meeting
OPEC ministers head to Vienna, Austria, this week for the 173rd meeting of the Organization of Petroleum Exporting Countries. Brent crude prices are up almost 20 percent since the last meeting on May 25, 2017, while those for West Texas Intermediate are up around 10 percent. The Nov. 30 gathering is likely to have a different tone than the last two OPEC meetings because global oil demand has strengthened, inventories have tightened, prices are on the rise and trading technicals appear bullish.
New UK windfarm firm launches
Ventient Energy Ltd, the UK’s third largest generator of onshore wind energy, and the largest non-utility owner of onshore wind, was officially launched today.
Opinion: Who has the best Asset Integrity Management System?
This article may only address the tip of the AIM iceberg. Where does the investigative journey start for AIMS? Let me provide a brief insight into a very large topic and, if the subject focus is purely on offshore late life assets, you’ll soon understand that AIMS for an operator or duty holder is a major undertaking.
Opinion: The decom alternative is smaller, smarter
With a number of North Sea platforms exceeding their profitable life, operators are currently grappling with how best to manage these assets through the decommissioning process.