New tidal energy project could create 32 jobs near Islay
A new Scottish turbine tidal park could create 32 jobs, after it was given planning consent.
Production in Norway falls in May
Production of oil, NGL and condensate in Norway fell last month, according to preliminary figures released by the Norwegian Petroleum Directorate (NPD).
Second morale booster for offshore energy industry
A new Bank of Scotland (BoS) report has highlighted rising confidence in the North Sea oil and gas industry – and slowing job cuts.
Centrica to miss out on big payday from Rough sale
Centrica won’t have much change left after selling all the spare fuel it keeps at a North Sea gas facility it’s decided to close.
Schlumberger tells shareholders to reject mini-tender offer
Schlumberger has recommended that shareholders reject a mini-tender offer by TRC Capital Corporation.
Oil majors at risk due to low-carbon transition, report says
Oil giants BP and Shell are among those at risk of wasting money on high-cost upstream projects which could be surplus to supply as carbon emission targets take hold, according to a new report.
Renewable energy programme to examine impact on sea life
A £3 million renewable energy study programme based in Scotland is set to shed new light on how the industry impacts the lives of dolphins and other sea life.
Energean Oil and Gas submits Karish and Tanin field development plan
Greek oil company Energean Oil and Gas has submitted the field development plan (FDP) for the Karish and Tanin natural gas fields to the Israeli Petroleum Commissioner.
Ocean Installer wins SURF contract at Al Jurf field
Norwegian subsea installation firm Ocean Installer has been awarded a subsea, umbilicals, risers, flowlines (SURF) project at the Al Jurf oil field in the Mediterranean.
Oil price drops to seven month low
Oil dropped to the lowest in seven months amid a revival in output from Libya and rising volumes of fuel held in floating storage.
Cenovus reveals plan to tackle debt
Integrated Canadian oil company Cenovus has developed a plan to cut debt – with the sale of assets and cost cutting measures at the heart of the plan.
CGG renews contract to continue running Thailand processing centre
French company CGG has renewed its contract with PTT Exploration and Public Production (PTTEP) Company for the dedicated processing centre (DPC) it has operated in the country since November 2013.
Centrica to close UK’s largest gas storage facility
Centrica is to cease operations at its Rough site – which is the UK’s largest gas storage facility.
Saudi Arabia overtakes US in recoverable oil rankings, says Rystad
Saudi Arabia has added enough recoverable oil resources to retake top position ahead of the United States and Russia, according to Rystad.
Dyna-Mac secures two contracts worth $30 million
Singapore based engineering, fabrication and manufacturing firm Dyna-Mac has secured contracts for two fabrication projects for a provisional sum of $30 million.
Sapura Energy B15 offshore field on track
Malaysia’s Sapura Energy has announced that it is on track to bring its offshore gas field in East Malaysia online.
ExxonMobil makes decision to proceed with Liza field
US supermajor ExxonMobil has decided to proceed with the first phase of development of the Liza field, located offshore Guyana.
Condor Petroleum starts drilling at Yakamoz well
Canadian oil and gas company Condor Petroleum has started drilling at its Yakamoz exploration well in Turkey.
DOF Subsea postpones planned IPO
DOF Subsea has decided to wait for an improvement in stock market conditions before it initiates its planned IPO.
Glastonbury information panels to run on ‘Pee Power’
Festival-goers at this year’s Glastonbury will help to power information panels in an unusual way.
Sanchez Energy sells Eagle Ford shale assets
Sanchez Energy has sold its non-core Marquis asset in the Eagle Ford shale to Lonestar Resources in a cash plus stock deal.
South Sudan government plans petroleum audit
South Sudan’s government has opened a tender for companies to perform the audit of national oil production and petroleum industry activities.
Hornbeck Offshore secures new credit facility
US offshore services provider Hornbeck Offshore has refinanced its existing $200 million credit with a new delayed-draw credit facility providing for up to £300 million of term loans.
Australian Government to study future gas prospects in Southern Australia
The Australian Government has announced plans to complete a study into offshore gas basins in Southern Australia – as part of a $90 million investment in domestic gas security and supply.
Lord Stephen’s firm secures funding for Aberdeenshire wind farm
Renewable Energy Ventures (REV) has secured funding to develop two wind farms in Scotland with a combined total capacity of 11.5MW – including one in Johnshaven.