Aberdeenshire’s Motive Offshore acquires Aquatic from Acteon Group
Aberdeenshire offshore energy equipment firm Motive Offshore has acquired fellow Scottish firm Aquatic from Acteon Group.
Oil & Gas
Serica Energy assets remain ‘cash generative’ despite ‘unjustifiably punitive fiscal regime’
North Sea operator Serica Energy said its UK offshore assets remain "cash generative" despite an "unjustifiably punitive" fiscal regime as it released its half year results today.
Tropical Storm Francine disrupts Gulf Coast oil, gas output
ropical Storm Francine forced some oil drillers to halt production and evacuate crews as it barreled through the Gulf of Mexico, and was expected to strengthen to a Category 2 hurricane as it heads toward the coast of Louisiana.
Hartshead Resources outlines ‘exciting and encouraging’ 33rd round licences
North Sea operator Hartshead Resources (ASX:HHR) estimates it now holds more than a trillion cubic feet of gas reserves following the 33rd Licensing Round.
Scottish university innovation aims to seal 100,000 methane-leaking wells
Scotland's Heriot-Watt University has unveiled ambitions plans to help seal 100,000 methane-leaking wells over the next decade using a chemical injection technology.
Scottish underwater robotics firm HonuWorx secures seven figure investment
Scottish subsea robotics firm HonuWorx has secured "seven-figure" investment backing for its plans to slash costs and emissions for offshore repair and inspection work.
Power Moves: Peterson Energy Logistics managing directors and more
Chris Coull and Jason Hendry have been appointed as joint managing directors for the UK at Peterson Energy Logistics.
Don’t believe the hype on offshore wind unless subsea supply chain wins
By setting global standards and guidelines, the UK can have a first-mover advantage and be positioned as a centre of global excellence in cable reliability.
Singapore’s MR Group commits six-figure investment in Aberdeenshire offshore drilling training
Rig inspection firm MR Group has invested in a purpose-built training facility and office space in Westhill, Aberdeenshire as it expands internationally.
North Sea bellwether BP plods on as dark clouds gather
Arguably the bellwether of UK North Sea oil and gas production the BP that we know today grew out of Anglo-Iranian with the name British Petroleum Company formalised in 1954.
Energy transition ‘unicorn factory’ launches in Aberdeen
The co-founder of subsea robotics firm ROVOP is set to launch a 'unicorn factory' in Aberdeen focused on accelerating the UK energy transition.
Increased North Sea well intervention ‘huge opportunity’ for UK supply chain, NSTA says
Increased well intervention could provide a "huge opportunity" for the North Sea supply chain and lead to "cheaper, easier, cleaner" UK production, according to the North Sea Transition Authority (NSTA).
£4billion in the balance: EnQuest CEO warns of impact of UK tax levy on investment
Another North Sea major has weighed in on the how the Energy Profits Levy will cause "irreversible damage to an indigenous and strategically important UK industry".
D2Zero acquires Hull engineering firm, announces new ETZ headquarters
North East energy transition group D2Zero has added another acquisition to its growing portfolio as it announces the location of its new headquarters in Aberdeen.
Hartshead Resources moves closer to field development plan for Anning and Somerville
Australian operator Hartshead Resources is moving closer to a field development plan for its Anning and Somerville development
Archer teams up with Aberdeen’s Raptor to tackle global decom market
Aberdeen technology company Raptor Data has agreed a deal with drilling firm Archer to (OSLO: ARCH) target the well decommissioning market.
After 50 years of collaboration, IOGP sets its sights on energy transition
In August, the International Association of Oil and Gas Producers (IOGP) celebrated its 50th anniversary since its founding in London.
Rumours GB Energy to be headquartered in Aberdeen reach fever pitch
Excitement reached new heights as reports suggested a decision had been reached on the location of the proposed state-backed energy firm – but government declined to confirm.
North Sea operator Harbour Energy completes buyout of German rival Wintershall DEA
North Sea operator Harbour Energy has completed the acquisition of German rival Wintershall DEA in a deal worth $11.2 billion (£8.53bn).
BBC to develop new factual drama about Piper Alpha disaster
State broadcaster BBC is developing a new factual drama about the Piper Alpha North Sea disaster.
Aberdeen’s ICR secures £2.7m in Middle East contracts
Aberdeen-headquartered maintenance and integrity solutions firm ICR Group has secured $3.5 million (£2.67m) in Middle East contracts over the last four months.
Spirit Energy seeks assessment partners for CCS project
Spirit Energy has put out a call for supply chain partners to aid the development of its Morecambe Net Zero (MNZ) project.
British business group calls for taskforce to avoid ‘catastrophic harm’ to North Sea jobs and UK economy
British Chambers of Commerce (BCC) director general Shevaun Haviland warned that while the "imperative for net zero is ratcheting up daily", the UK needs a plan in place "as soon as possible"
TWMA earned near £15 million in Q2 amid ‘growing demand’
Aberdeen drilling waste management firm TWMA has announced earnings of $19.5million (£14.85m) in the second quarter of 2024, showcasing “growing demand” the firm’s CEO claimed.
NEO Energy to ‘slow down investment’ in light of government changes
NEO Energy, and its 100% owner HitecVision, have announced that they are slowing down investment activities due to UK fiscal and political instability.