Equinor CEO Anders Opedal earns $1.9m in 2023
Equinor President and Chief Executive Officer Anders Opedal earned just over $1.9m in 2023.
Oil & Gas
Shetland’s Voar heads to Norway with Inkster Marine equity exchange
Shetland-based consultancy and engineering services company Voar will merge with Norway’s Inkster Marine under a new deal.
UPDATE: Five people dead and one missing after Perenco fire
A fire has broken out on a Perenco oil platform off the coast of Gabon, leaving five people dead and another missing.
Equinor ‘already’ facing equipment challenges at Mariner after five years
North Sea operator Equinor is facing equipment challenges at its Mariner field less than five years after the start of production.
Oceaneering to work with Aberdeen’s Global Design Innovation
Oceaneering International has signed a strategic collaboration agreement with Aberdeen-based Global Design Innovation (GDi).
Report – Wood Group to make hundreds of job cuts
It has been reported that Aberdeen-headquartered engineering firm Wood Group (LON: WG) is planning to make hundreds of job cuts.
China’s Sinochem buys first oil cargo from Canadian pipeline
China’s Sinochem Group has purchased one of the first crude cargoes that will be shipped through a new Canadian pipeline that’s designed to move more oil from landlocked Alberta to the Pacific Coast for export.
Repsol to get after new North Cayley project in UK
Repsol Resources UK has set out plans to sanction new North Sea production in the UK set for 2025.
OEUK announces supply chain principles award winners at Aberdeen Share Fair
Trade body Offshore Energies UK revealed the winners of the Supply Chain Principles awards at the P&J Live in Aberdeen today.
Hughes Subsea to survey East Anglia Three for UXO
OEG Renewables business Hughes Subsea will undertake unexploded ordnance (UXO) identification and clearance for ScottishPower Renewables’ 1.4GW East Anglia Three offshore wind farm.
120 Aberdeen jobs for the chop at EnerMech
Aberdeen firm EnerMech is slashing 120 jobs in its home city after transferring to new ownership.
Hibiscus granted Fyne oilfield development extension
Hibiscus Petroleum and Ping UK have been granted an extension on their time to develop the 75m-barrel Fyne oilfield in the central North Sea.
Sulmara signed up to survey Stormar floating wind farm
Sulmara will perform site characterisation for Orsted, BlueFloat Energy and Renantis’ 1GW Stormar floating offshore wind farm in Scotland.
‘We must pay our bills on time’: OEUK boss calls for end to North Sea delayed payments
Trade body Offshore Energies UK has urged its members to pay bills on time to support the country's supply chain.
ConocoPhillips CEO calls for US to end LNG permit pause in November
The Biden administration’s pause on liquefied natural gas export licenses needs to end after November’s presidential election, said Ryan Lance, chief executive of ConocoPhillips, the Houston-based oil and gas producer with a growing LNG business.
Shell’s tax rebates near $750m for decommissioning giant Brent oilfield
Shell (LON: SHEL) has disclosed nearly $750m of tax rebates received from the UK Government for decommissioning its Brent oilfield in the North Sea.
Net zero targets held back by supply chain and financing challenges
Supply chain challenges and a lack of financing are eroding the energy industry’s confidence in reaching global net zero targets.
OPITO launches new training standard for offshore safety zones
Training and skills organisation OPITO has launched a new training standard which aims to reduce incidents in the safety zones around offshore installations.
Boyden acquires FWB’s Aberdeen energy practice
Talent advisory firm Boyden has acquired FWB's energy practice in Scotland for an undisclosed sum.
Oil firm which said Aberdeen has ‘whinge and whine culture’ to be merged with rival
Dril-Quip, an oilfield services firm which achieved notoriety in north-east Scotland during the height of the Covid pandemic, is to be combined with fellow firm Innovex.
Ocean GreatWhite mega-rig faces another month on sidelines after BP incident
Diamond Offshore's (NYSE:DO) Ocean GreatWhite is facing an additional month out of action after an equipment collapse incident in the West of Shetland.
Aberdeen’s ASCO lands trio of contracts worth more than £20 million
Aberdeen-headquartered ASCO has been awarded three contracts with energy industry heavy hitters with a combined value of over £20 million.
INEOS to shift 44 jobs at Grangemouth as it closes ethanol production
INEOS O&P UK has announced a proposal to shut down ethanol production at its Grangemouth refinery in the first quarter of 2025.
Talisman House sells for millions below initial £19m asking price
The six-storey building was originally marketed in 2021 but has now sold for less than half the price.
Surge in sales puts Plexus Holdings back in the black
Aberdeen based Plexus Holdings (AIM: POS) has surged back into the black with £2.2m pre-tax profits in its half-year results.