‘Too early’ to say how Chevron staff will be affected by UK exit
Following news that US supermajor Chevron has put its UK assets up for sale, the firm has said it is “too early” to comment on how it will affect up to a dozen workers.
Oil & Gas
JAB Recruitment commits to $1m investment welcomes new staff
Aberdeen’s JAB Recruitment has unveiled a string of promotions and new appointments as it commits to a $1 million investment.
TotalEnergies hit by criminal complaint over climate turmoil
TotalEnergies SE’s (LON:TTE) bosses were hit by a criminal complaint from climate change activists over their alleged role in disasters sparked by global warming.
Decom Mission announces award winners
Four companies and individuals have been recognised at the seventh annual Decom Mission Awards.
Exxon, Shell are said to weigh bids for Galp Namibia stake
Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter.
Shell investors back weaker emissions targets at annual meeting
Shell Plc shareholders approved the company’s new energy transition plan with weaker carbon-emissions targets, while rejecting a resolution asking the oil and gas giant to align itself with the goals of the Paris Climate Agreement.
Odfjell Technology buys Aberdeenshire oil services firm McGarian TDC in £3m deal
Offshore engineering services firm Odfjell Technology has acquired Aberdeenshire-based McGarian TDC in a deal worth "in excess of £3 million".
SNP signals re-think to ban on future oil and gas exploration
Net Zero Secretary Mairi McAllan said the SNP will take a "more nuanced" approach than Labour who want to ban future exploration.
HSE warns Dana over insufficient fire suppression inspections on Triton FPSO
The Health and Safety Executive (HSE) has raised concerns that Dana Petroleum is making insufficient inspections of the fire suppression system of its Triton floating production, storage and offloading (FPSO) vessel.
UAE oil giant buys into NextDecade LNG in first US deal
The United Arab Emirates’ main oil company bought a stake in NextDecade Corp.’s (NYSE:NEXT) natural gas export project in Texas, in a first US acquisition that also gives it a 20-year supply deal.
Calpers opposes all Exxon directors amid shareholder dispute
Calpers, the largest state public pension fund in the US, will vote against all Exxon Mobil Corp. (NYSE:XOM) directors, saying the oil giant is undermining shareholder rights.
Next wave of Bristow pilots strikes takes off as dispute continues
Helicopter pilots at Bristow are set to commence another wave of industrial action.
Tens of thousands of jobs in Scotland rest on a ‘just and fair’ energy transition – RGU
RGU report finds political and fiscal instability is hampering the UK energy transition.
OSSO helps recover usable oil from ‘crude oil sludge’
Aberdeen-based fluid control solutions specialist OSSO has helped recover 1,280 cubic metres of usable oil from ‘crude oil sludge’ as part of a decommissioning project.
Serica Energy gets NSTA approval for £100m North Sea Belinda development
Independent operator Serica Energy (AIM: SQZ) has received final approval from the North Sea Transition Authority (NSTA) regulator for its £100 million Belinda development.
Phoenix Decom repurposes 16,000 tonnes of concrete mattresses
Aberdeen-based decommissioning waste sector specialist Phoenix Decom has repurposed more than 16,000 tonnes of concrete subsea mattresses over the last 12 months.
Sureclean employee joins Emerging Leaders cohort in New Orleans
Oldmeldrum-based industrial cleaning specialists Sureclean sales & marketing co-ordinator Robbie Smith-Sinclair will join the inaugural Emerging Leaders Program at the 25th International Oil Spill Conference (IOSC) in New Orleans.
CessCon Decom breaks ground on Brunei decommissioning yard
Scottish oil and gas removals firm CessCon Decom has broken ground on its Brunei decommissioning and marine maintenance facility, which is set to launch in 2025.
Global upstream sanctioning activity forecast to reach $126bn in 2024
Global sanctioning activity for the upstream oil and gas [O&G] industry is forecast to reach $126bn in 2024, which compares to $179bn recorded in 2023.
Union launches North Sea ‘no ban without a plan’ campaign
Unite campaign vows to not let oil and gas sectors "suffer the equivalent of coal closures".
Bristow helicopter bosses urge Aberdeen workers to stop strike action and restart pay negotiations
The flight operator said a claim of a real time pay decrease of 25% for technical crew is "simply not true".
New report finds North Sea ‘could lose 100,000 jobs’ under Labour windfall tax plans
Stifel has raised its estimate after previously saying 100,000 would only be lost in a "worst-case scenario".
Chevron asset sale to end 55-year North Sea presence
Chevron (NYSE: CVX) is set to exit the UK North Sea as it looks to sell its remaining oil and gas assets in the region, Reuters has reported.
Expro completes $210m buyout of Aberdeen’s Coretrax
Energy services firm Expro (NYSE: XPRO) has completed its $210m deal to buy Aberdeenshire drilling tech company Coretrax.
Irish Sea gas developer EnergyPathways confirms “out of round” licence requests
Gas firm EnergyPathways (AIM:EPP) has made an "out of round" bid for gas production and storage licences in the Irish Sea as it reports progress on its Marram project.