Wood knocks back second takeover bid worth nearly £1.5 billion
Aberdeen company Wood (WG.L) has rejected a second, improved takeover bid, worth nearly £1.5 billion from a Middle East suitor.
Oil & Gas
BP hails 60 years in the North Sea amid energy transition push
BP has hailed 60 years since it began operating in the North Sea as the region looks to transition to renewables.
‘Warfare’ in the Tory government raises fears over Harland & Wolff
UK government swithering is putting offshore and maritime engineering firm Harland & Wolff at risk, say reports.
Brazil president Lula fires Petrobras CEO after dividend dispute
Brazil’s President Luiz Inacio Lula da Silva has fired Jean Paul Prates, the chief executive of state-owned oil company Petroleo Brasileiro SA, following a dispute over dividend payments.
Bristow strikes: Pilots told ‘you just don’t understand the offer’
Striking Bristow pilots were told “you just don't understand the offer” when they rejected the latest tabled deal, trade union BALPA said.
RWE plans green hydrogen production plant at Grangemouth
German energy firm RWE has announced plans to build a green hydrogen production plant at Grangemouth.
WATCH as Aberdeen’s iconic Shell building faces the wrecking ball
More than 980 tonnes of material have been recycled or reused since workers began clearing out the Altens site in February.
Sikorsky: High reliability benchmark saw firm ‘punished’ over S-92 maintenance backlog
A Sikorsky boss said his firm set such a high benchmark for reliability that it was "punished" when a global spare parts shortage hit its S-92 helicopter model.
Ex-Spirit Energy boss named new CEO of Serica Energy
Serica Energy (AIM: SQZ) has appointed Chris Cox as its chief executive with the former Spirit Energy boss set to take up the role in July.
John Swinney commits to debate future of oil and gas in Aberdeen
The new first minister says he's "very happy" to take part in the challenge first agreed by Humza Yousaf and opposition leaders.
Rosebank oil protestors plan day of action in Aberdeen and Shetland
Campaigners also plan to make demands at energy firm Equinor’s annual general meeting in Norway today.
Cambo fate will be decided in months as Ithaca weighs tax uncertainty
A decision on whether the controversial Cambo field will be sanctioned or delayed is set to be decided in months as bosses weight the impact of North Sea tax policy.
Norway confirms new safety regulations for S-92 after fatal crash
Norwegian authorities have confirmed new international safety regulations will be applied to the Sikorsky S-92 helicopter after a fatal crash off the coast of Norway in February.
Aberdeen drilling firm wins right to take HMRC to Supreme Court
Dolphin Drilling will make its case in the UK’s highest court, which is expected to be heard in 2025.
North Sea oil bosses pull no punches over UK energy policy
Jersey Oil and Gas duo warn current polices are threatening energy security and hurting long-term UK economic growth.
Equinor: How Norway’s gas giant quietly took over Europe
When the world’s top gas traders met in late April at a canal-side hotel on the outskirts of Amsterdam, the atmosphere was business-as-usual: coffee, croissants and wrangling over deals for the upcoming winter. Then came news of a leak at Europe’s biggest liquefied natural gas plant, located above the Arctic circle in Norway.
Bristow helicopter strikes: Workers ‘stuck’ on North Sea platform
This comes as Bristow pilots are set to begin strike action across the UK today.
Kistos ‘recycling of project economics’ at Greater Laggan Area
Kistos (LSE: KIST) has said it is “now undergoing a recycling of project economics” at the Greater Laggan Area due to changes in “the cost environment.”
Exxon is hit with $726 million verdict over benzene and cancer
A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed its petroleum products exposed him to benzene that caused his cancer, according to his lawyers.
Stephen Flynn: North Sea windfall tax was right then but now it risks jobs
Aberdeen South MP Stephen Flynn said the windfall tax on UK oil and gas had been the "right thing to do" but proposals to increase the burden would stymie investment threatening jobs now and in the future.
Enerpro headquarters move to add 20 new jobs to Aberdeen
Offshore project management and construction specialist Enerpro Group has announced plans to move its headquarters to Aberdeen.
Bristow bosses reveal pay rise offer on the table for striking workers
Discussions over a fair pay offer have been ongoing since February 2023 according to The British Airline Pilots’ Association (BALPA).
Negativity towards oil and gas ‘counterproductive’, Peterhead Port’s new boss warns
Peterhead Port Authority’s new boss has championed its credentials at an event in the Scottish Parliament.
North Sea oil and gas firms must “get cleaner” – regulator
North Sea oil and gas operators could invest up to £3 billion on projects aimed at cutting 32m tonnes of CO2 emissions, a new review has found.
Sidara will need to top Apollo’s bid to get Wood’s attention, analysts say
Sidara will have to top Apollo's bid to get the board interested, given the improved position of the business over the last year.