Sapura Energy moves into court meeting over debt plans
The aim is to move the company into a more sustainable financial position and get it off the list of companies in financial distress, known as Practice Note 17.
Oil & Gas
Number of offshore travellers down by 10,000 since 2019
Covid and new technology could be reducing the number of people travelling offshore in the UK North Sea.
As comments close, CGG eyes January seismic start off South Africa
The Department of Mineral Resources and Energy (DMRE) approved the seismic on November 16. The plan also requires approval from the Department of Forestry, Fisheries and the Environment.
Bernard Looney: Former BP CEO to forfeit up to £32m in earnings
Former BP CEO Bernard Looney will forfeit up to £32.4 million in earnings, the company has said, after he resigned in scandal earlier this year.
Historic consensus at COP28, but the devil is in the implementation
Al Jaber highlighted the importance of action, over rhetoric. “Let me sound a word of caution. An agreement is only as good as its implementation. We are what we do, not what we say.”
North Sea operator Repsol hit with £160,000 fine over emissions breach
Repsol handed the North Sea's largest-ever fine over emissions.
Wintershall firms up volumes at pair of Norwegian discoveries
Wintershall DEA has firmed up its estimates at a pair of Norwegian discoveries following a fresh appraisal.
Pipe starts to arrive in Tanzania for EACOP
There is “positive discrimination for the communities hosting the operations. At the peak it is expected that about 160,000 people will be employed. Out of these 14,000 persons will be directly employed in the oil and gas sector”, he said.
Shell approves Great White wells
Shell said the investment demonstrated its long-term commitment to the Gulf of Mexico.
World’s biggest ESG fund class adds oil and cuts green exposure
The world’s biggest ESG fund class, which sits on roughly $5 trillion of client assets, has raised its exposure to the oil and gas sector by about two-thirds since stricter regulations were enforced 2 1/2 years ago.
Reabold: ‘Opportunistic’ takeover group ‘cannot be trusted’
The group in question also hit back, in turn accusing the company’s leadership of being “untrustworthy” over its decision to invest in an Italian gas project.
Stronger COP28 text stops short of calling for phasing out of fossil fuels
The proposed final agreement from the UN Cop28 Climate Summit in Dubai calls for the world to wean itself off planet-warming fossil fuels, but it stops short of calling for them to be phased out.
Jobs at ‘record high’ for Aberdeen’s First Tech
First Tech is eyeing £50m turnover for the 2024 financial year.
Lack of North Sea HLVs still weighs heavily on UK wind ambitions
A lack of spare HLV capacity in the North Sea continues to cast serious doubt over the UK's loft offshore wind ambitions.
Scotland is not on track to deliver Just Transition, Commission says
The Just Transition Commission claims that Scotland is not on track to deliver, and that “significant” further action is needed to support the workforce.
OMV contracts Transocean semisub for Black Sea gas
Should OMV choose to retain the rig beyond the initial 540 days, the day rate increases to $480,000.
Houthis hit Norwegian tanker with missile, but no casualties
US Central Command reported the Strinda was attacked at 4 pm EST on December 11. It reported an anti-ship cruise missile struck the vessel while passing through Bab-el-Mandeb.
Shell to bid farewell to Bollsta after one more exploration well
“We intend to continue our back-to-back drilling campaign over the remaining term of the contract by appraising the Jonker discovery and drilling at least one more exploration well.”
North-east man remains in Qatar jail a year after man found dead on oil platform
Prosecutors in Qatar allege that an Aberdeenshire man murdered a colleague and seriously assaulted another - and the court process is yet to conclude.
Kistos expects Shetland Gas Plant to restart within the next two weeks
Shetland Gas Plant co-owner Kistos (LON: KIST) expects the facility to reopen within the next two weeks, the company said today.
OEUK report outlines North Sea clean energy skills potential
The North Sea's skilled oil and gas specialists must be retained to power the transition to clean energy, according to a report released by Offshore Energies UK (OEUK) today.
Occidental’s $10.8 billion takeover is a high-stakes debt wager
The $10 billion of debt lined up for Occidental Petroleum Corp.’s (NYSE: OXY) takeover of Texas shale driller CrownRock LP is sizing up to be one of the largest bridge financing deals of the year — and a crucial test for the energy giant.
BP escalates Venture Global LNG feud with complaint to US regulators
BP Plc (LON: BP) asked US energy regulators to intervene in its dispute with Venture Global LNG Inc. over liquefied natural gas cargoes, escalating a feud that’s roiled the market for the super-chilled fuel.
Revealed: The 28 firms owed more than £140m by North Sea operator IOG
Administrators appointed by IOG have identified 28 creditors owed money by the troubled North Sea oil and gas firm
Jadestone, union clash over negligence allegations
“During the generator testing, numerous safety devices appear to have been deliberately overridden by Jadestone, including heat detectors, flame detectors, and smoke detectors,” the OA said. No alarms went off because of the overridden sensors.