Gas drillers go rigless as price collapse heralds austerity era
Natural gas producers are finally realizing that the age-old adage is true: If you find yourself in a hole, stop digging.
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Keystone oil pipeline shuts and oversupplied US market shrugs
This week’s shutdown of the Keystone oil pipeline has stopped up the route for roughly a quarter of the crude flowing into the U.S. Midwest.
Solo Oil sells 320m shares to fund Tanzania exploration
Solo Oil raised £800,000 after issues 320,000,000 new ordinary shares at 0.1pence each.
Greens hope to convert ‘extraordinary growth’ in support into Holyrood seats
The Scottish Greens are “very hopeful” of winning a record number of seats at Holyrood in May’s election, party co-convener Patrick Harvie has said.
Renew News: UK should move from Hinkley Point to renewable alternatives
A fresh report has claimed building new nuclear power stations will create “significant and hidden costs” in comparison to renewable options which offer a better “intergenerational contract”.
Energy customers still ‘baffled and bewildered’ despite bills shake-up
Six out of 10 consumers still do not understand their energy bill a full two years after the introduction of reforms designed to make the information simpler and clearer.
BP ends sponsorship of Edinburgh International Festival
Oil major BP has ended its sponsorship of the Edinburgh International Festival after 34 years.
FM “not aware” of corruption allegations
Nicola Sturgeon has said she was “not aware” of allegations of corruption against the parent company of a Chinese firm she has signed an investment agreement with.
EnerMech makes 90 further North Sea job losses
EnerMech has confirmed plans to make 90 further job losses from its North Sea operations.
Sub $50: Yesterday he launched bid to save thousands of jobs…today he’s been made redundant
An offshore worker who created a petition calling for more support for North Sea staff has been made redundant - just as his rallying call collected hundreds of signatures.
Oil extends gain amid freeze pact optimism, declining supplies
Oil extended gains for a second day after Kuwait said a deal to freeze output can be reached without Iran and U.S. industry data showed crude stockpiles declined.
£12m retraining fund for sacked oil workers invites bids
Scottish colleges have been invited to bid for a share of the £12million pot Nicola Sturgeon pledged for retraining out-of-work oil and gas engineers. Skills Development Scotland (SDS) said the current funding round is the first it has launched using cash from the Oil and Gas Transition Training Fund. The overall value of the first tranche has not been fixed and will depend on the volume and viability of the bids received.
Maxwell Drummond to be wound up as downturn claims another firm
Maxwell Drummond International (MDI) has gone bust, putting nine people out of work at its Aberdeen office. MDI, an executive recruitment consultancy to the global energy sector, was placed into provisional liquidation last week. A spokeswoman for insolvency specialist Begbies Traynor said the "business failure" of MDI was "partly as a result of the downturn in the oil industry".
Marathon quashes talk of imminent decommissioning of Brae
Marathon Oil insisted last night it had still not submitted any plans for decommissioning one of the North Sea’s oldest producing fields to the UK Government.
Rising optimism as UK budget shows support for UK oil and gas
The prolonged slump in oil price has pushed investment in development of the UK North Sea significantly lower, threatening the viability of the industry.
Aminex achieves first gas from Kiliwani North
Aminex today confirmed first gas from its Kiliwani North prospect in Tanzania.
Deepwater Horizon: tragedy, devastation and a bitter lesson learned
A federal judge in New Orleans has granted final approval to an estimated $20 billion (£14billion) settlement over the 2010 BP oil spill in the Gulf of Mexico.
Halliburton said to face US lawsuit on Baker Hughes deal
U.S. antitrust officials have prepared a lawsuit to stop Halliburton Co. from taking over rival oil-services company Baker Hughes Inc., according to a person familiar with the matter.
OMV prepares new reserves estimate for Wisting oil discovery
OMV is set to prepare a new reserves estimate for its Wisting oil discovery in the Barents Sea, after successfully drilling its appraisal well.
Scottish carbon capture research body wins £2.8m worth of funding
A Scottish research partnership said yesterday it had taken the biggest cut of a £4million fund created to help lower emissions in the UK. Scottish Carbon Capture and Storage (SCCS) won a £2.8million share of the money on offer from the Engineering and Physical Sciences Research Council (EPSRC). SCCS, a tie-up between Aberdeen, Edinburgh, Heriot-Watt and Strathclyde universities and the British Geological Survey, will put the money towards three projects aimed at developing cost-effective carbon capture technologies.
North-east councils urge firms to get involved in ONS
Aberdeen City and Aberdeenshire councils have teamed up to promote opportunities for north-east firms at the Offshore Northern Seas (ONS) exhibition, conference and festival in Stavanger, Norway, in August.
Chevron halts production at $54billion Gorgon LNG Development
Chevron Corp. temporarily halted output at its $54billion Gorgon liquefied natural gas project in Australia due to mechanical problems just two weeks after making the first shipment to Japan.
New co-chairman for Oil and Gas UK
Industry body Oil and Gas UK (OGUK) said yesterday it had two new co-chairmen and several other new recruits to its boardroom team.
World heritage sites ‘at risk from harmful industries’
Half of the world’s natural World Heritage sites are at risk from harmful industrial activities such as mining, dredging or drilling for oil, a report has warned.
FMC to make 700 job losses in Norway
FMC Kongsberg Subsea is set to make 700 job reductions in Norway.