Liberty House chief urges caution over Tata Steel deal hopes
The executive chairman of the commodity group which has expressed interest in buying Tata’s UK steel operations has said he is not “married” to the plan and could still walk away.
Daily
Opinion: Where will you be when the tide turns?
In my experience there are at least three types of managers or business owners.
Years of growth come to a halt at Saltire Energy
The boss at Saltire Energy said yesterday the Aberdeenshire oil service firm had handled low crude prices “extremely well” despite a double-digit drop in profits. The Portlethen-based oil drilling equipment rental business ended its last financial year with pre-tax profits of £15.28million, down 13.6% on 2013/14, according to accounts lodged at Companies House. Turnover at Saltire, which is controlled by award-winning entrepreneur Mike Loggie, fell 11.9% to £31.98million for the year ended June 30, 2015.
Wood Group chairman Marchant takes over at the zoo
Wildlife lover and businessman Ian Marchant will swing his way Tarzan-like into the president’s chair at the Royal Zoological Society of Scotland next month. The zoological society, which owns Edinburgh Zoo and the Highland Wildlife Park near Aviemore, said Mr Marchant was a longstanding member and strong supporter of conservation. The new role is in addition to the posts Mr Marchant holds at several businesses and charities.
Exclusive: £750,000 fund to help oil workers set up in business
Council chiefs in Aberdeen have launched a £750,000 fund to help oil workers fight back against the downturn in the North Sea.
BNP among banks facing $172million loss after Suttie’s First Oil fails
BNP Paribas SA and its partners in a Scottish energy loan are staring at a loss of 122 million pounds ($172 million) after entrepreneur Ian Suttie’s venture went bankrupt, illustrating the wreckage banks are likely to face from the oil bust.
Report into death of Aker Solutions worker expected today
The finding of an investigation into the death of an Aker Solution’s worker in huge waves on the Troll field is expected today.
Les Linklater: You’re so vain, you probably think this blog is about you!
All this emphasis the industry is placing on shared values, principles and behaviours, to unlock the potential future for our industry, has perhaps presented us with the greatest of all leadership and cultural challenges.
Wood Group confirms second acquisition this week
Wood Group (WG) has made a further acquisition this month after snapping up Ingenious.
TGS hits net revenue of $64m in first quarter of 2016
TGS said it expects its net revenues for the first quarter of this year to be $64million.
Oil set for weekly gain as US output falls before freeze talks
Oil is poised for a weekly gain as U.S. crude output continues to drop before a meeting between suppliers to discuss freezing production.
Chevron chief exec’s salary drops 15%
Oil major Chevron's chief executive took a 15% drop in his annual salary last year.
Tata UK operations ‘underinvested and overmanned’, says former chairman
The former chairman of the Tata Group has called the company’s British steel operations “underinvested” and “overmanned”.
Tullow Oil launches investigation into damaged FPSO, plans Jubilee restart
Tullow Oil has confirmed an investigation of the turret bearing on the FPSO (floating, production, storage and offloading) vessel Kwame Nkurmah has confirmed its bearing has been damaged.
Sub $50: North Sea still sets the standards says Archer boss
Take Energy Voice's Sub $50 survey here.
Oilex starts gas production from Bhandut field
Oilex said it has started gas production from the Bhandut field onshore India.
Opinion: The truth about hedging
The price of oil is notoriously fickle. We’ve seen the worst of that over the last two years – and you could even say in the last three months.
Paragon Offshore warns against recruitment scam
Offshore drilling service company Paragon Offshore has warned against scam recruitment offers being falsely made to job seekers.
BP under pressure over bosses’ bonuses
Oil giant BP is facing growing pressure from shareholders over its decision to award top bosses their maximum bonuses for 2015.
Brent over $40 after biggest three-week jump
Oil extended gains following the biggest advance in three weeks after crude stockpiles unexpectedly declined from the highest level in more than eight decades.
Baker Hughes, Halliburton’s shares rise after US justice department sues pair
The US justice department is suing to stop Halliburton from buying oilfield-services rival Baker Hughes - the latest effort by the Obama administration to block mergers that it believes enrich corporations but hurt consumers.
North Sea petition hits more than 1,000 signatures in two days
An offshore worker made redundant a day after creating a petition to support staff in the North Sea oil and gas industry has seen his petition reach nearly 1,000 signatures in less than 48 hours.
Ex-BP engineer get 10 months’ probation for Gulf of Mexico spill
An ex-BP engineer was sentenced to 10 months’ probation following his misdemeanour pollution charge in relation to the Deepwater Horizon tragedy.
Opinion: Contractors face decommissioning minefield
Contractors who want to get a slice of the long-anticipated deluge of decommissioning work in the North Sea need to be aware their contracts should cater for unknowns which, if not addressed properly, could see their profits from these jobs suppressed or wiped out.
Wild well crew deployed after Apache gas leak
A wild well crew was deployed after Apache confirmed a gas leak from one of its operated wells in Texas.