The North Sea oil crisis is a health scare that must prompt the industry to make lifestyle changes to make it healthy for the long term rather than a fad diet soon jettisoned for old bad habit, according to a senior industry figure.
Renowned petroleum economist Professor Alex Kemp said further cost reductions and tax incentives are needed to stimulate activity in the North Sea.
The oil and gas industry is in a state of flux and companies are continuing to tighten purse strings in an effort to protect profit margins. Dan Ibbetson from Aggreko examines five of the issues sending shockwaves throughout the sector and why overcoming these could support a company’s ability to compete at the top of the market, now and in the future.
DeepOcean Ghana said it has won a three-year contract from Tullow for one of its light construction vessels.
BP Chief Executive Bob Dudley today rejected claims the oil giant had gone backwards on renewables.
BP Chairman Carl-Henric Svanberg today insisted shareholders’ concerns over directors’ pay had been taken on board after they voted overwhelmingly against rises.
BP’s directors today suffered a symbolic slap in the face after shareholders voted against their pay rises.
The number of women in senior positions in oil and gas roles in Norway has risen to 21%, new figures show.
What will cities look like in 2050? How will they be powered to be vibrant, healthy and clean places to live? That’s the question Shell is posing to students in S1 and S2, through The Bright Ideas Challenge, their new cross-curricular schools competition.
BP Chairman Carl-Henric Svanberg today praised his team's "seriously impressive" performance amid the oil downturn.
North Sea oil workers are being targeted in an “appalling” online scam aimed at conning job seekers out of hundreds of pounds. Paragon Offshore, Total, Maersk Oil and Asco are all warning those on the hunt for work that scammers are offering fake jobs for a cash sum.
A business group has urged firms to “plan ahead now for the recovery in oil prices” as its survey revealed mixed results on the Scottish economy.
Bristow has made its final flight to the Murchison platform as it prepares for decommissioning in the North Sea.
Premier Oil today confirmed the exit of three of its board members.
The world’s biggest oil explorers are fighting a U.S. plan to toughen offshore drilling rules that Exxon Mobil Corp. said will cost $25 billion over 10 years and render many offshore discoveries worthless.
Oil market watchers see a 50-50 chance that Russia, Saudi Arabia and other major producers will agree to freeze output in Doha on April 17, but either way they don’t anticipate any impact on crude supply because most of the countries are already pumping flat out.
Noble Group Ltd. Chief Executive Officer Yusuf Alireza said that commodities markets remain difficult as he presses on with efforts to refinance the trader’s debt.
Brazilian president Dilma Rousseff’s chances of surviving impeachment diminished as three parties abandoned her governing coalition in 24 hours.
Kareem Ammar said he has been applying for up to six jobs a day as he looks for a new role in the oil and gas industry.
The Bank of England looks set to keep interest rates on hold amid concerns of a slowdown in the UK economy and the threat of Britain leaving the European Union.
Oil extended losses as rising crude stockpiles kept supplies at the highest level in more than eight decades before major producers meet in Doha to discuss freezing output.
This stunning footage shows the Eimskip Norway Vessel Holmfoss at Aberdeen Harbour. The 82-metre long vessel has been visiting Aberdeen for the past five years. Watch the incredible drone footage below.
Statoil is preparing to launch its seabed and UXO surveys along the cable route and project area of its 30MW Hywind project off the coast of Aberdeenshire.
A flagship home energy efficiency policy which cost taxpayers £240 million failed to deliver energy and carbon savings, the National Audit Office has said. Improving energy efficiency in the UK’s 27 million homes, which are responsible for more than a quarter of the country’s energy demand and greenhouse gas emissions, is seen as key to tackling climate change, energy security and fuel poverty.
This footage shows the sail away of the wellhead platform jacket as it began its sail away from a construction yard in the Netherlands to the UK North Sea.