Red Zone monitoring on offshore rigs: a sea change in safety and collaboration
2024 has been a transformative year for offshore oil and gas safety, with Red Zone monitoring becoming a cornerstone of operational best practices.
North Sea
North Sea Oil and Gas
Petrofac reaches binding agreement with creditors on financial restructure
North Sea energy services firm Petrofac has entered into a binding agreement with key financial creditors on the terms of a comprehensive financial restructuring plan.
Montrose joins list of Repsol assets to stop production
Repsol has confirmed it is carrying out maintenance at its Montrose platform as the asset joins the operator's list of projects to stop production.
Aberdeen’s READ Cased Hole acquired by Norwegian investors in multi-million pound deal
Aberdeen-headquartered well integrity services firm READ has been acquired by a group of Norwegian investors in a multi-million pound deal.
Power Moves: New board member at Port of Aberdeen and more
Gillian King has become a non-executive board member at the Port of Aberdeen, effective 6 January 2025.
Unite union agrees recognition deal with Repsol at Flotta terminal in Orkney
The Unite union has signed a recognition agreement with Repsol Resources UK covering workers at the Flotta oil terminal in the Orkney Islands.
All North Sea Posts
Red Zone monitoring on offshore rigs: a sea change in safety and collaboration
2024 has been a transformative year for offshore oil and gas safety, with Red Zone monitoring becoming a cornerstone of operational best practices.
Petrofac reaches binding agreement with creditors on financial restructure
North Sea energy services firm Petrofac has entered into a binding agreement with key financial creditors on the terms of a comprehensive financial restructuring plan.
Montrose joins list of Repsol assets to stop production
Repsol has confirmed it is carrying out maintenance at its Montrose platform as the asset joins the operator's list of projects to stop production.
Aberdeen’s READ Cased Hole acquired by Norwegian investors in multi-million pound deal
Aberdeen-headquartered well integrity services firm READ has been acquired by a group of Norwegian investors in a multi-million pound deal.
Power Moves: New board member at Port of Aberdeen and more
Gillian King has become a non-executive board member at the Port of Aberdeen, effective 6 January 2025.
Unite union agrees recognition deal with Repsol at Flotta terminal in Orkney
The Unite union has signed a recognition agreement with Repsol Resources UK covering workers at the Flotta oil terminal in the Orkney Islands.
Aberdeen’s Mermaid Subsea plugs 30 North Sea wells in 2024
Aberdeen-headquartered Mermaid Subsea Services UK has successfully plugged and abandoned (P&A) 30 wells in the UK North Sea using the Island Valiant vessel.
North Sea crane failure results in worker concern of ‘no food for Christmas’ at Captain
Ithaca’s (LON: ITH) wellhead protector platform on the Captain field in the North Sea has suffered a crane failure which has led to drilling crews being evacuated.
Altrad growth steadies in 2024 after multiple acquisitions
French engineering giant Altrad has recorded lower revenue growth in 2024 after completing multiple acquisitions in recent years of "transformative growth".
Orcadian Energy says North Sea needs clarity not ‘punitive taxes’
Orcadian Energy (AIM:ORCA) has warned that “punitive taxes” from the government risks undermining the UK’s oil and gas industry.
Repsol shuts down Bleo Holm FPSO for maintenance
Repsol has shut down the Bleo Holm floating production, storage and offloading (FPSO) vessel for maintenance.
Power Moves: New Centurion CEO and more
Euan Leask has been promoted to CEO of Dyce-based rentals and services supplier Centurion Group.
Former BP chief Bernard Looney joins board of ADNOC subsidiary XRG
Former BP chief executive Bernard Looney has been appointed to the board of Abu Dhabi energy firm XRG in his first role in the energy sector since leaving the oil major.
Serica snaps up Parkmead North Sea assets for £14m
The "great" deal for Serica marks the end of Parkmead's long North Sea run
UK underwater industry grew by £1.2bn in 2024
The UK’s underwater industry rose in value by £1.2 billion over the last year, growing from £8bn to £9.2bn, the Global Underwater Hub (GUH) has revealed.
Shell and Greenpeace settle lawsuit over Penguins North Sea protest
Shell and Greenpeace UK have agreed to settle a multimillion-dollar lawsuit brought by the oil major in response to activists boarding a vessel as part of a protest in 2023.
Star Capital backs Aberdeen-based STR in multi-million pound deal
Private equity firm Star Capital has taken a majority stake in Aberdeen-based Subsea Technology and Rentals (STR) in a multi-million pound deal.
JCE Energy installs solar power system on Norwegian platform
Aberdeen-based JCE Energy has provided Aker BP with a modular solar system to provide power during construction of an unmanned installation (UI).
UK court dismisses case against Viaro over North Sea decom dispute
A UK court has dismissed a case against a subsidiary of North Sea oil producer Viaro Energy relating to decommissioning costs for the Brae field.
HSE serves prohibition notice on Repsol over North Sea rig safety concerns
The Fulmar A platform, operated by Repsol, has been served with a prohibition notice by the Health and Safety Executive (HSE).
Power Moves: NSMP’s CEO steps down and more
Sayma Cox has stepped down as CEO of Aberdeen-based North Sea Midstream Partners (NSMP).
Regulator hails ‘relentless’ £300m investment in North Sea tech
A vibrating hammer that clears stuck objects from wellbores; a “storm choke” for reactivating shut-in wells; an energy “pod” which delivers power to smaller, unmanned platforms with wind, solar and battery storage.
North Sea operator Orcadian Energy acquires shares of HALO
North Sea operator Orcadian Energy (AIM:ORCA) has acquired the shares of HALO Offshore UK Ltd from the joint liquidators of Hague and London Oil plc (HALO).
Aberdeen’s OEG seeking up to £100m in acquisitions a year
Aberdeen's OEG Energy Group has bought up 14 businesses in the last four years and boss John Heiton aims to maintain the pace.
Hartshead starts spending on North Sea project after budget ‘clarity’
North Sea operator Hartshead Resources (ASX:HHR) is progressing the first phase of its Anning and Somerville after receiving "clarity" from the UK budget.
