OGUK 2016:The North Sea. Can terminal decline be prevented?
Activity in the North Sea oil and gas sector is fast approaching a cliff.
Daily
Scottish Government accused of being “all talk” on retraining oil workers
The Scottish Government has been accused of being "all talk with very little action" after John Swinney attempted to "repackage" emergency relief announced for oil and gas workers four months ago.
Statoil gets head start with Johan Sverdrup platforms
Statoil is reported to have begun the construction of the first of two Johan Sverdrup platforms early.
LGO Energy reaches further agreement on loan
LGO Energy said it has reached a further agreement on the terms of the loan understanding with its subsidiary Goudron E&P.
Seadrill completes second bond drop in bid to cut debt
Seadrill has confirmed the issuance of new shares of its common stock.
OneSubsea boss to take up helm at Aibel
The current boss of OneSubsea will takeover as the chief executive of Aibel.
Nigeria oil militants give talk terms, threaten bloodshed
Nigerian militants whose attacks on oil infrastructure have sent output plunging to its lowest level in 27 years said for the first time that they are considering peace talks, even as they threatened to rethink their policy of avoiding bloodshed.
Essar Power in talks with shell, GAIL for LNG to restart plants
Essar Power Ltd. is seeking liquefied natural gas to supply two power plants in western India after a global glut cut prices for the fuel by two-thirds since September 2014.
Subsea industry head to Westminster
Representatives of the UK's beleaguered subsea industry are taking their plight to Westminster tomorrow to urge policy makers to do everything they can to protect the sector.
Airbus trials new weapon system on military version of crisis hit Super Puma
Airbus Helicopters has recently completed a first round of firing tests using with a variant of the Super Puma helicopters grounded following the latest fatal crash involving the troubled copter.
Aberdeen-Norway Gateway event begins in Granite City
The Aberdeen-Stavanger Gateway, which celebrates and builds upon both cities' oil and industry heritage against a backdrop of tough times for both, begins in Aberdeen today.
Video: Snapshot of the Maersk Highlander bound for Culzean
This footage shows the Maersk Highlander which is bound for Maersk's Culzean project in the North Sea.
Oil and gas industry facing new cost pressures
International efforts to crack down on tax avoidance could heap more red tape and costs on the North Sea oil and gas industry, accountancy network RSM has warned.
ESS sells £1million offshore wind carousel to Bobby
Bibby Offshore has splashed out a seven-figure sum on a new 800-ton carousel that marks a move into the offshore wind array cable installation market.
Mexican ambassador aims to boost Scottish oil and gas links
Mexico’s ambassador to the UK, Diego Gomez Pickering, is visiting Scotland today to discuss business opportunities between the two nations.
Tech Tuesday: Heliex is harnessing power of wet steam – with help from BP
A Scottish company has harnessed the power of wet steam to stake a claim in a market that could be worth as much as $70billion.
China cuts crude production by most in 15 years
China cut crude production by the most in 15 years as producers shut higher cost fields.
IOG to acquire North Sea assets with acquisition of Oyster Petroleum
Independent Oil and Gas (IOG) has signed a sale and purchase agreement with Verus Petroleum to acquire 100% of the shares of Oyster Petroleum.
Entier and Balmoral in top 200 UK firms for international sales
Five north of Scotland private businesses are among the Top 200 UK firms for international sales growth. Westhill-based catering firm Entier was the best placed of those five, jumping 40 places to 43rd. It is the third consecutive year Entier has made it onto the HSBC International Track 200 league table, which was published yesterday.
PwC warns two years to save the North Sea
Government and industry have a two year window of opportunity to ensure a strong future for the North Sea, a new report said. The study said three in five oil and gas executives are positive about the basin’s future. Titled, A Sea Change, the PwC report also said significant progress had been made to improve cost efficiency across the basin and noted a “real sense of urgency” to create one last “cycle of success”.
Beryl: A few snippets from the early days
Hugh Campbell was a North Sea pioneer.
Plexus Holdings agrees £6m placing of shares in bid to raise cash
Plexus Holdings said it has agreed the terms of a conditional placing to raise £6million by way of placing more than nine million new ordinary shares.
Antrim Energy wins approval from Irish Gov for FEL licence
Antrim Energy said its subsidiary has received formal approval from the Irish department of Communications, Energy and Natural Resources of its application for its 100% working interest in the Frontier Exploration Licence.
Union Jack Oil acquires fresh stake in UK onshore licence
Union Jack Oil said it has acquired a further 8.33% economic interest in an onshore asset in Lincolnshire.
Trinity agrees further extension on $13m debt
Independent exploration and production company Trinity has agreed a further extension to the moratorium on principal repayments related to its outstanding debt.