Serica Energy completes first redetermination on $525m loan
Serica Energy (LON: SQZ) has increased the borrowing base on its up-to $525 million loan facility, increasing it from the previous US$463m to the full amount.
Oil & Gas
The Scottish tech firm developing fully automated offshore search and rescue
Scottish technology firm Zelim has a simple mission statement at its heart, to “make unmanned search and rescue the industry standard”.
Step Change survey finds ‘Sharing’ is still an industry safety pain point
Step Change in Safety has unveiled the findings of its Process Safety Workforce Survey which found greater collaboration is still needed across the industry.
ZOEX wave energy “break-through” tested at Port of Aberdeen
A wave device promising affordable and reliable energy for customers from fish farmers to offshore wind installations has been demonstrated at the Port of Aberdeen.
“Why would he do such a dreadful thing?”: Widow of slain oil rig worker says questions still remain about Qatar killing
The wife of an offshore oil rig worker killed by a colleague in Qatar says questions still remain about the case.
Gold standard not gold plated: How the UK’s approach to health and safety is changing the world
UK standards in health and safety underpin what makes North Sea goods and services attractive in other regions.
Returning to work when maternity leave is over
Lucy Swan, internal mental health first aider at Munro’s Travel, outlines some of the anxieties which can accompany the return to work after maternity leave and how to limit these feelings.
Survey aims to help firms tackle challenge of supporting offshore workers’ mental health
The IADC's former North Sea Chapter's chairman championed the offshore energy industry's "first" mental health survey soon after his organisation rolled out questions to the workforce.
CalEnergy seeks to drill two new North Sea exploration wells
CalEnergy Resources is seeking a partner to drill two new exploration and appraisal wells, according to data from the North Sea Transition Authority’s (NSTA’s) Pathfinder database.
NEO merger would fit Repsol ‘quite nicely,’ says analyst
A rumoured tie-up between Repsol and NEO Energy would be a good fit for the Spanish firm which has one of the biggest decommissioning liabilities in the North Sea, an analyst has said.
Aberdeen’s Exceed posts record breaking turnover amid international growth
Well management firm Exceed has achieved record-breaking turnover in the past year, with 50% of the company's revenues coming from energy transition activity.
Orcadian agrees further loan extension with Shell
North Sea operator Orcadian Energy (AIM:ORCA) has announced an agreement for a further extension to its $1.4 million loan repayment to a Shell subsidiary.
Skills should be top of agenda post election, OPITO chief
The UK can position itself as a global leader in energy safety and competence with a renewed focus on skills and training, according to industry body OPITO.
‘Light on detail’: What do academic experts make of the UK election energy debate?
As the UK nears the end of an election campaign where energy policy has featured prominently, experts say the debate has been heavy on rhetoric but light on detail.
Opening the Bleed Off: How one man’s journey with suicide is helping the offshore workforce
Steve Beedie, mental health advocate and offshore worker, has written a book, titled Open the Bleed Off, detailing his experiences.
Ocean Winds hails impact of £3.5billion offshore wind investment in Scotland
A new report shows how "chasing the wind" is reaping benefits for companies across the supply chain in the north of Scotland and the UK.
Power Moves: Paradigm’s new HR partner and more
Aimee Fowlie was appointed as HR business partner at Aberdeen-based Paradigm.
BP reportedly pressing pause on offshore wind amid investor discontent
Energy giant BP (LON: BP) is reportedly imposing a hiring freeze and pausing new offshore wind projects amid investor discontent over its low carbon strategy.
Kistos increases gas storage facility working capacity by 24%
North Sea operator Kistos (LON:KIST) has increased the working gas capacity at its newly acquired Hill Top Farm site by 24% following a trial.
Senate probes possibility of collusion between Big Oil and OPEC
A US Senate committee is investigating whether oil producers are illegally coordinating with OPEC to raise prices, following allegations that the former head of Pioneer Natural Resources Co. colluded with the cartel.
Norway proposes first acreage for deep sea mining in Arctic
Norway is inviting comments on Arctic seabed areas it plans to offer for deep sea mining ahead of formally awarding permits for the first time.
Next government urged to fund ‘just transition’ for oil and gas workers
The next government must provide a “clear and funded” transition plan for workers in the offshore oil and gas industry, including the North Sea, green groups and unions have urged.
French TotalEnergies sells West of Shetland assets to Prax
French firm TotalEnergies (PAR: TTE) has sold its oil and gas fields West of Shetland to Prax Group.
Aberdeen student awarded for recycled oil rig building design
A Robert Gordon University (RGU) student has won a prestigious architectural award for an innovative building design made from recycled oil rigs.
Serica looks outside North Sea in face of “potential future increases” in tax
North Sea oil and gas firm Serica Energy (LON: SQZ) warned it was "looking very actively overseas" for new opportunities as it faces "recent and potential future increases" in UK tax.