Given the devastating effects of the worst downturn in the energy sector since 1986, it is no surprise that fewer people are on the shuttle from Aberdeen to Houston for OTC 2016, but that fact belies the potential for North Sea and Gulf oilfield service companies, as well as firms from associated industries, to steal a march on their competitors and secure new opportunities.
The search for a chief executive officer for Aberdeen’s proposed £180million Oil and Gas Technology Centre (OGTC) is under way, the body behind the project said today.
Trade union bosses yesterday accused Aberdeen energy service giant Wood Group of pushing North Sea workers to the verge of industrial action. Unite Scotland said offshore workers employed by Wood Group on Shell’s North Sea platforms were engaged in a consultation over a new offer on pay and benefits on the weekend. Tommy Campbell, a regional officer at Unite, said: “We are waiting to hear the result of consultations between the members of the workforce to see if the terms are acceptable. The results will be made known during the week and we will feed them back to Wood Group.
Statoil said production has resumed from the Gullfaks B platform after it was stopped following a North Sea helicopter crash.
Norway's Prime Minister Erna Solberg said her country was "bereaved with grief" after the deaths of 13 workers in a North Sea helicopter crash.
Footage has emerged of the rotor blade still spinning as it separated in the moments before a North Sea helicopter crash.
Maxwell Drummond International (MDI) has cancelled an event at the annual Offshore Technology Conference (OTC) in Houston after it entered administration last month.
Premier Oil said it has completed its acquisition of E.ON's North Sea assets.
Wood Group is considering outsourcing its IT services function putting the future 168 staff jobs in doubt.
North Sea operator Maersk has said its Flyndre development will forge ahead despite creditors terminating charters for two boats contracted to support the project.
Struggling Scottish engineering firm Weir Group was forced to do a U-turn over directors' pay following a shareholders’ revolt at yesterday’s annual general meeting. In a resounding defeat, the company’s executive remuneration policy was voted down by 73% of shareholders, despite chief executive Keith Cochrane taking a pay cut of more than a quarter, leaving him with just over £1milllion. Their objection was linked to the proposed introduction of share options for executives which will pay out regardless of the company's performance, a rarity in UK boardrooms.
Fracking poses no danger to underground water supplies, new research findings from Glasgow University suggest.
Eni SpA posted a first-quarter loss that was worse than analysts’ estimates amid a collapse in crude prices.
The SNP’s flagship scheme to help redundant oil and gas workers retrain as teachers has been branded “little more than a publicity stunt” amid reports that jobseekers are being turned away.
Leftist guerrillas in Colombia, rebels in Libya and militants in Nigeria are succeeding where the world’s biggest oil producers failed, helping keep a 1.5 million-barrel crude surplus from expanding.
Energy finance specialist Simmons and Company International has branched out into new territory after earmarking a “substantial part” of a £127million funding pot to buy up stakes in temporarily distressed oil and gas firms.
The Norwegian Petroleum Safety Authority (PSA) has warned the oil and gas sector it must take action to tackle safety after a report on petroleum activity risk levels (RNNP).
Oil major Shell said it has begun discussions with staff in Australia about job losses as part of plans to cut 10,000 roles globally.
Technip has seen its adjusted operating income rise by 38% after the company made margin improvement in both its onshore and offshore business.
Wood Group has won a $500million contract with BP operated projects offshore Azerbaijan creating 200 new positions.
There's less than a week to go until the UK's biggest renewable energy exhibition descends on Glasgow looking at sustainable and smart cities and business energy efficiency.
CNR International is said to be considering pulling Sky TV from its North Sea assets.
British actress Emma Thompson has joined forces with her sister to protest against fracking in England.
A single US shale oil field is responsible for much of the past decade's increase in global atmospheric levels of ethane, a gas that can damage air quality and impact climate, according to new study led by the University of Michigan.
The United Nations Security Council added a tanker carrying Libyan oil to its sanctions list in response to the latest dispute between competing powers in the North African country after Malta refused to allow the ship to dock.