GMVi claims software could cut $500M costs after North Sea trials
GMVi has launched new well-risk analysis software for North Sea operators that could keep wells safe and boost production value by up to $500 million a year.
Hibiscus Petroleum’s UK segment achieves ‘healthy profit margins’
Malaysian-based Hibiscus Petroleum has released its Q4 reports for the financial year, ending the 30th of June 2022, reporting gross profits of £45.84 million.
Px Group awarded 10 year O&M contract with first of its kind plastic recycling plant
Saltend Chemicals Park owner, PX Group, has been awarded a 10-year Operations & Maintenance (O&M) contract by ReNew ELP at the world’s first commercial-scale plastic recycling plant.
Neptune Energy begins work on 10th Cygnus gas well
Today Neptune Energy announced it has begun an infill drilling campaign at its operated Cygnus gas field that has enough potential to unlock enough gas to heat an additional 200,000 UK homes per year from this winter.
Supply chain is yet to see effect of higher oil prices
Big revenues for North Sea oil and gas producers on the back of high oil prices have yet to “trickle down” to much of the supply chain, a leading Aberdeen lawyer has said.
Unions raise concerns over jobs if north-east freeport goes ahead
Trades unions in Aberdeen have issued a series of demands as they raised concerns over “low-paid and insecure” jobs that could become available if the north-east wins support for its green freeport bid.
Video: Just Stop Oil protestors form roadblocks at ‘critical oil terminals’
A group of 50 Just Stop Oil supporters formed roadblocks to disrupt supplies from two oil facilities this morning to demand that the government end new oil and gas projects in the UK.
France bans fossil fuel advertisement and Sydney looks to follow suit
France rolled out a ban on the advertisement of all energy products relating to fossil fuels yesterday.
Aberdeenshire’s PTL completes trio of acquisitions from Black and Decker
Aberdeenshire-based Pipeline Technique (PTL) has today completed its acquisition of three energy infrastructure businesses from Stanley Black & Decker.
Cash flow is ‘top priority’ for new Wood CEO amid steep drop
The new boss at Aberdeen-headquartered energy services giant Wood (LON: WG) has said cash generation is a "top priority" after it plunged by nearly a third.
Soaring energy prices net Ineos profits of £474m
Sir Jim Ratcliffe’s Ineos has posted net profits of £472 million thanks to the soaring price of oil and gas that has left families unable to heat their homes.
Gazprom to Shut Pipeline for Three Days in New Shock to Europe
Gazprom PJSC will stop delivering natural gas to Europe through its main pipeline for three days, further squeezing energy supplies just as Germany is trying to build up stocks for the winter.
Aberdeen: Net Zero will make or break one of the UK’s wealthiest cities
Shell engineer Denise Neill knows as well as anyone in Aberdeen, the UK’s oil capital, that the fortunes of a city that gets its income from one source can change quickly.
Nicola Sturgeon in call to nationalise energy industry
Nicola Sturgeon has insisted nationalising energy companies to keep bills down during the cost of living crisis should not be ruled out.
Buzzard is ‘appealing proposition’ for Harbour, NEO and Waldorf
With Suncor (NYSE: SU) and ONE-Dyas looking to sell off their UK portfolios, analyst firm Welligence has suggested the Buzzard hub may be an "appealing proposition" for a raft of key buyers.
Gallery: Heerema removes Harbour Energy Murdoch complex
Heerema Marine Contractors have completed the removal of the Murdoch Complex in partnership with its client, Harbour Energy (LON: HBR).
Liz Truss questioned over closure of Rough gas storage facility
Conservative party leadership candidate, Liz Truss, is facing questions on her involvement in the closure of the Rough gas storage facility off the coast of East Yorkshire.
UK energy companies paying men 20% more than women, figures show
UK energy firms are paying men around 20.2% more than women on average, according to a new study of the sector's gender pay gap.
Energy Boss ‘definitely a potential buyer’ for Manchester United
Ineos boss, Sir Jim Ratcliffe, has shown interest in taking the reins at Manchester United if current owners Glazer decide to sell.
£454,000 invested into Orkney’s hydrogen infrastructure
The Scottish Government and the Highlands and Islands Enterprise have invested a combined £454,000 to help ensure a resilient supply of renewable hydrogen from Eday to the mainland to strengthen Orkney's hydrogen infrastructure.
Ninian Northern deepwater coral discovery rekindles rigs to reefs debate
A discovery of “deepwater coral” on the legs of the Ninian Northern platform has rekindled a debate on whether oil installations should be fully removed from the seabed.
Winlaton first to integrate hydrogen into public natural gas network
Winlaton, a village near Gateshead, has become the first community in the UK to receive hydrogen blended with natural gas via the public natural gas network.
Video: We talk Scottish jobs on a boat ride to world’s largest floating wind farm
A Scotland Office Minister has talked up the importance of Scottish manufacturing credentials during a visit to the world's largest floating wind farm off Aberdeen.
Viper Innovations keeps the lights on in east java with V-LIFE
Discover how V-LIFE was used to keep the lights on in East Java by recovering a failed gas field electrical system with an 18-month replacement umbilical lead time.
Nominations now open for OEUK Awards 2022
Offshore Energies UK (OEUK) are on the hunt for the energy industry’s brightest stars, innovators and champions as nominations are open for the trade body's 2022 awards.