‘Satisfactory’ results for Subsea 7 as takings trimmed
The chief executive of Subsea 7 (OSLO: SUBC) tempered his excitement as the engineering, construction and services group posted its latest results.
Daily
Saipem and Stockholm Exergi team up for CCS in Sweden
Italian contracting giant Saipem (BIT: SPM) and Stockholm Exergi have signed a letter of intent for a large-scale CO2 capture plant to be installed in the Swedish capital.
Troubled Thurso firm AMTE Power gets lifeline £1million loan
It gives company some breathing space to tie up proposed £2.5m buyout.
Historic Environment Scotland reveals plan to protect Piper Alpha Memorial Garden
The move comes after controversial plans were unveiled to revamp the Hazlehead Park memorial last year.
Equinor half year profits top $20bn as ‘solid financial results impacted by lower prices’
Equinor’s year-on-year takings have been trimmed in half in what is likely to be a common theme amongst the world’s oil and gas giants in the coming days.
Dana Petroleum sets date for end of production at Western Isles FPSO
In its 2022 full-year results the Korea National Oil Corporation-backed operator also gave updates on the Tolmount East project, and how much it paid under the UK Government's windfall tax.
Supply chain shifts back to ‘booming’ oil and gas amid poor clean energy margins – EIC
Supply chain representatives send up warning “flare” over lack of work and slowing net zero progress.
DNV and Harbour Energy to bring virtual reality to Offshore Europe
DNV is set to showcase the benefits of its virtual reality (VR) tool at the upcoming Offshore Europe event alongside Harbour Energy.
Eni’s renewables arm Plenitude on track to meet profit target, unit CEO says
Eni's Plenitude renewables arm is on track to meet its profit target for 2023, as it prepares to list shares within the next two years and pushes to increase clean power generation, the unit’s chief executive officer said.
Viking wind farm spend reaches £70 million
Since work began on the Viking onshore wind farm in Shetland in 2020, the project has spent more than £70 million.
Sasol commissions Mozambique facility, despite SA headwinds
In the meantime, Sasol warned of “continued pricing and demand volatility” to come.
Tern platform still relying on backup power generator
TAQA's Tern platform, which stands 105 miles north-east of Shetland, is still relying on a backup power generator.
Activists block road to Grangemouth terminal in concrete and glue protest
Arrests have been made after six protestors from campaign group This is Rigged fixed themselves to the sole access road for INEOS' Grangemouth refinery, demanding the Scottish government oppose new oil licences.
Study finds skills ‘bottleneck’ could jeopardise UK CCUS
A new study warns that a poor understanding of specialised skills and competition amongst other energy sectors could hamper the UK’s CCUS ambitions.
Dana Gas commits to cutting methane emissions
Dana Gas CEO Patrick Allman-Ward said the company had made significant strides energy efficiency and greenhouse gas emissions in the past few years. The company has cut flaring 47% since 2019.
Eni takes control of IDD, while Chevron focuses on low carbon options
Indonesia accounted for 0.1% of Chevron’s production in 2022. It lost the Rokan block in August 2021, which had contributed 130,000 bpd the previous year.
Aberdeen’s Hazchem targets £2.5m growth with new facility
The Aberdeen-based personal protective equipment (PPE) provider, Hazchem Safety, has invested seven figures in a new building in Buckingham, England.
Former Aberdeen oil worker, 74, admits historic sex abuse of girls
Richard Mearns vile actions were only discovered when one of his victims confided in the other - and it was revealed that the 74-year-old had sexually abused them both.
TotalEnergies to bulk up in renewables with Total Eren purchase
Total Eren has 3.5 GW of renewable capacity around the world. It also has another 10 GW of solar, wind, hydropower and storage projects in the pipeline, in 30 countries.
Shell strikes deal to sell stake in slow-moving Abadi
"The decision to sell our participation in the Masela PSC is in line with our focus on disciplined capital allocation,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director.
Canada bans some fossil fuel subsidies, meeting decade-old G-20 pledge
Canada revealed new rules to ban some fossil fuel subsidies, targeting those that unfairly advantage oil and gas, solely support sector activities or endorse consumption of fuels that worsen climate change.
Var Energi quarterly profits drop as oil and gas prices cool
Var Energi’s (OSLO: VAR) profits dipped in the second quarter of the year as the company felt the impact of lower commodity prices.
30 new northeast jobs in works as ICR sees turnover soar 20%
ICR Group is poised to launch a “significant” 50-strong recruitment drive to support expansion plans, following a year of record turnover.
Mulunga’s Angola payment not criminal, review finds
Namcor was on the hook for $10 million. However, when the time came to pay up, it became apparent that Sequa had no funds and Petrolog only $6mn.
Salus Technical unveils AI tool designed to help with North Sea safety studies
Aberdeen safety firm Salus Technical has successfully launched a working prototype of its artificial intelligence (AI) tool.