Offshore vessel detained in Aberdeen harbour
A North Sea ship has been detained in Aberdeen harbour on claims workers on board were “modern day slaves”.
Daily
Review after Saudi Aramco pipeline fire
Saudi Aramco said a minor pipeline fire broke out on Thursday morning but was quickly put out with no injuries or impact on oil supply.
50-year-old Australia oil fields spurned in age of cheap crude
They’re among the oldest oil fields in Australia still in production. Now they are proving superfluous to some of the world’s biggest producers that are purging high-cost assets to weather crude’s collapse.
Chariot Oil & Gas backs away from C-19 licence in Mauritania
Chariot Oil & Gas said it has decided not to enter into the first renewal phase of the C-19 licence in Mauritania.
Investigation after “bomb threat” at ExxonMobil refinery
Investigators were called in after a "suspicious package" was found at an ExxonMobil refinery in the US.
Up to 50,000 jobs lost from North Sea, Scottish energy minister reveals
As many as 50,000 people in the north-east have lost their jobs as a result of the oil price downturn, a Scottish Government minister has admitted.
Faroe Petroleum makes North Sea oil discovery
Faroe Petroleum has made an oil discovery in its Brasse licence in the Norwegian North Sea.
Pioneer expands as Devon retreats from top US oil field
Pioneer Natural Resources Co. is purchasing drilling rights from Devon Energy Corp. in a Texas shale field where the buyer has been boring 2-mile-long oil wells expected to yield a million barrels each.
Iran oil comeback that startled doubters approaches roadblock
Iran easily beat expectations with its speed in boosting oil exports after the lifting of sanctions. Without an injection of cash and the easing of remaining trade barriers, the recovery may have run its course.
Gold Awards 2016: Business leaders join judging panel
Some of Aberdeen’s best known business leaders have joined the judging panel for the Press and Journal’s Gold Awards.
OGUK 2016:North Sea “open for business”
The UK oil and gas industry may be gripped by a downturn but a lot of positivity has emerged from the two-day conference organised by trade body Oil & Gas UK (OGUK) in Aberdeen.
OGUK 2016: Gaming technology used by engineers on Culzean
Gaming technology has inspired engineers from Maersk Oil to build efficient platforms and produce future cost savings for its Culzean project.
Servelec shares plunge by a third after profit warning
A UK technology and software group with operations in Aberdeen saw its share price plummet by almost a third yesterday after issuing a profit warning amid oil and gas project delays. Servelec Group said the tendering process for a number of key energy sector contracts had dragged on for longer than anticipated. The Sheffield-headquartered business, which has had a Granite City office since 1985, said its 2016 operating profits would be “significantly lower” than market expectations and would fall below 2015 levels.
ReNew News: Toyota to source 100% of its electricity from renewables
The Japanese carmaker Toyota will source 100% of its electricity for Its new North American headquarters from renewables energy.
OGUK 2016: Sir Ian Wood says “disruptive mindset” needed by industry for collaboration
Industry leader Sir Ian Wood said a "disruptive mindset" was needed by the oil and gas sector to inspire better collaboration amongst operators and the supply chain.
GEG in line for Beatrice turbine bonanza
Global Energy Group (GEG) is tipped to play a major role in the construction of SSE’s £2.6billion Beatrice windfarm.
Labour calls for unity on North Sea
Labour call for cross-party support to "secure the future" of the North Sea
OGUK 2016: Offshore rotas causing low morale and has workers ‘looking like zombies’
The switch to three week equal-time rotas is the biggest cause of angst among the North Sea workforce, the chaplain to the UK oil and gas industry said yesterday.
JKX confirms police raid on Ukranian subsidiary
JKX Oil & Gas has confirmed Ukrainian police visited its Ukrainian subsidiary, Poltava Petroleum Company and the homes of two of its senior employees, without notice, searching for documents in relation to the investigation of claims of alleged underpaid taxes which have been made by a local prosecutor.
Shell faces long haul to knock Exxon from top spot
Shell chief executive Ben Van Beurden spelled out his main goal last week - surpass Exxon Mobil to become the best-performing oil major.
OGUK Conference 2016: Halliburton spent £15,000 a year renting pot plants
Halliburton was spending £15,000 a year renting pot plants before the oil price downturn forced the energy service company to rethink its frivolous ways. Bill Hunter, Halliburton’s Aberdeen-based UK cementing manager, said the company has learned its lesson and is now squeezing the pennies. “We are looking at little things. For some reason we were renting plants for £15,000 a year,” Mr Hunter said during a panel discussion on cost efficiency at the Oil and Gas UK annual conference.
ONS pulls out stops despite expected decline in attendance
The organisers of an oil and gas trade show in Stavanger are expecting a slight decline in the number of attendees at the biannual event this year due to the effects of the low oil price.
Brent decom is focus of IMechE event
The Institute of Mechanical Engineers is hosting an insight into the Brent decommissioning project with senior managers from the oil giant explaining the engineering challenge next month.
OGUK 2016: Shifting the focus on decommissioning
Maximising economic recovery, the watchwords of Sir Ian Wood’s review for the UK government and hardwired into the remit of the OGA, is not just about exploration and production.
Opinion: Fuel for thought – The real impact of power outages
Following months of oversupply, the oil market has now found an unlikely “friend” in the form of militant activity. Last month saw unplanned outages reaching a record high as attacks from Niger Delta Avengers hit major global oil suppliers and Canada saw an estimated 1.2 million barrels a day knocked offline due to forest fires in Alberta.