Vallourec to shut Aberdeen workshop due to ‘challenging North Sea market conditions’
The closure means the loss of 23 jobs, but the firm said "most of the employees affected have already found" a new role.
Oil & Gas
Yak attack: Offshore worker’s plan to scale an Everest peak
An Aberdeen oil and gas worker contended with record snow, yak attacks and his diabetes while scaling Everest.
D2Zero buys up Aberdeen-based Kelton from administrators of Alderley
Private-equity backed clean energy group D2Zero has bought up flow measurement consultancy Kelton Engineering, adding further decarbonisation expertise to its 4,000-strong workforce.
“It would be fair if we had a level playing field” – Interview with Mark Routh, CEO of Prospex Energy
With the UK investment climate for conventional oil and gas increasingly uncertain, industry participants across the board – and on both sides of the fence – have weighed in in recent weeks to express concerns and constructive viewpoints on the energy security paradigm.
UK could extract further £10bn from North Sea under right fiscal conditions, WoodMac says
The UK could unlock up to £10 billion of North Sea oil and gas pre-tax value from existing assets under the right fiscal regime, a new report has found.
Production stops amid ‘smoke development’ on Sleipner B
Smoke detected on Equinor's Sleipner B platform in Norweigan waters has stopped production and emergency vessels have been called in.
Analysts warn of £4.9bn shortfall in Chancellor’s green plan
Analysts have warned of a potential £5 billion funding hole in Chancellor Rachel Reeves’ proposals to finance the green prosperity plan.
Aberdeen’s Oceanscan snapped up by offshore wind specialist Venterra
An Aberdeen-headquartered group of companies that provide subsea and non-destructive test equipment, geotechnical services and offshore personnel has been acquired by Venterra Group.
DEALS: Aberdeen’s ADC extends rig inspection job with TotalEnergies in Suriname
ADC Energy announced it has extended a contract with TotalEnergies (PAR:TTE) after the French firm agreed to push ahead with at $9 billion (£6.9bn) oil and gas development offshore Suriname.
Viaro progresses nuclear plan for North Sea offshore assets
North Sea operator Viaro Energy is continuing its focus on nuclear power after forming a strategic partnership with reactor technology developer Terrestrial Energy.
The fate of North Sea oil and gas: ‘It didn’t have to be this way’
This year I retired after a half century working in the UK oil and gas industry. My experience was of a fine industry which achieved stunning feats of engineering excellence and delivered economic prosperity for the UK.
Former Oil and Gas UK chief’s fears of North Sea ‘wholly premature death’
The former head of Oil & Gas UK has accused politicians of “gross negligence” towards the offshore industries and their workers.
Petrofac further extends grace period for missed payments
Petrofac (LON:PFC) has once again extended its existing forbearance agreement on a missed interest payment with a group of lenders.
UK ‘not the ideal place’ to invest in new oil and gas, Deltic says
Deltic Energy said it will focus on core UK assets like the Selene prospect while pivoting its attention to international opportunities.
‘Uncertainty’: North Sea safety concerns as budget draws near
As the energy sector waits with bated breath for the Labour government’s first budget this month, the head of a leading safety trade body lists “uncertainty” as a major concern for offshore safety.
Windfall tax concern ‘looms large’ over north-east businesses
The windfall tax on the North Sea energy sector remains a key concern for north-east businesses ahead of this month’s budget, according to a survey.
Legal challenge set to quash approval for Wressle extension
The developers of the Wressle oil field extension have warned that planning approval for the project is likely to be overturned by an upcoming legal challenge.
JAPEX considering North Sea exit by selling Seagull stake
Japan Petroleum Exploration (JAPEX) is considering exiting the North Sea as it seeks buyers for its stake in the Seagull oil and gas field, Reuters has reported.
Labour talks up Grangemouth skills package, but union slams ‘smoke and mirrors’
The UK government said it is "stepping up plans" to support workers at the Grangemouth refinery ahead of its closure, but a leading union has criticised the support package as "smoke and mirrors".
Developers warn of potential challenge to Wressle extension
The developers of the Wressle oil field extension have warned that activists have moved to challenge planning approval granted to the project.
Aberdeenshire oilfield firm EnerQuip expands Houston presence
Aberdeenshire oilfield equipment firm EnerQuip has significantly expanded its presence in the United States after purchasing a premises in Houston.
Methanol-powered turbine test hailed a ‘key milestone’ for greener North Sea
A gas turbine used by the offshore energy industry for decades has proved it can be retrofitted to run on methanol, reducing harmful emissions by 80%.
Eggar retires seven months late as NSTA appoints chairperson
The North Sea Transition Authority (NSTA) has concluded its search for a new chairperson after delaying current chair Tim Eggar's retirement by seven months.
NEO Energy management ‘clear out’ earlier than expected, analyst
A string of senior business leaders will be leaving private equity-backed NEO Energy the firm announced on Tuesday.
Should the UK reset its carbon price trajectory?
The EU’s CBAM will negate some of the benefits of a separate UK ETS and increase the complexity of trade. Harmonised systems, in contrast, would create a more effective CBAM-protected bloc and prevent carbon price competition. However, the UK ETS is Brexit’s child, and Brexit was never about cooperative action in the face of climate change...