Nexen offshore staff undergo skills review
An oil major has won approval for a workforce competency management system from an industry skills organisation.
Daily
Chevron ships first LNG cargo from landmark Gorgon
Chevron today confirmed its first shipment from its landmark LNG Gorgon Project.
Saudi Arabia tells foreign banks to disclose finances
Saudi Arabia is telling international banks to publicly disclose financial statements for the first time as the kingdom’s regulator seeks to boost transparency.
ASX’s Funke Kupper quits amid probe of his old betting firm
ASX Ltd. Managing Director Elmer Funke Kupper resigned after 4 1/2 years in charge as police investigate activities in Cambodia of the Australian betting company he formerly led.
Exclusive: First Minister – Budget was ‘missed opportunity’ for North Sea
The North Sea oil and gas industry has pumped more than £300 billion into the Scottish and wider UK economy over the last four decades.
EnQuest shares rise 25% as it pushes ahead with Kraken
EnQuest saw its shares rise almost 25% yesterday after it confirmed it had sufficient funding to complete its major North Sea Kraken development and it has successfully shaved costs from operations.
Albion invests £4.8million in two new Highland hydropower projects
Renewables firm Albion Community Power (ACP) said yesterday it had committed nearly £5million to the development of two new hydropower schemes in the Highlands.
Oilex appoints new MD
Oilex has appointed a new managing director to lead the company.
Mexico to proceed with auction round for shale fields this year
Mexico will hold a private bidding round for the nation’s shale oil fields this year in part to cater to continued interest from US drillers eyeing expansion south of the border, according to Deputy Energy Minister Lourdes Melgar.
TransCanada locks in growth with $10.2 billion pipeline deal
TransCanada Corp. is undertaking its biggest-ever deal with the purchase of Columbia Pipeline Group Inc. for $10.2 billion, expanding its reach in the US natural gas market.
Saudi Arabia’s oil chief prepares for a world after fossil fuels
Even as it pumps near-record quantities of oil, Saudi Arabia is getting ready for a time when the world will no longer need its biggest export.
Swinney: Osborne “could have done more” to help North Sea offshore industry
John Swinney has said Chancellor George Osborne "could have done more" in his Budget to help the North Sea offshore industry.
Opinion: Collaboration is key
Whatever situation our industry encounters, fundamentally it lives or dies by how well it drills and maintains its wellstock.
Opinion: Critical to tackle the collapse in investment
Oil and gas companies have made significant in-roads into reducing the cost of production, but this is in the context of some of the highest operating costs in the world. With the oil price falling from the highs of above $100 a barrel in the summer of 2014, those cuts alone cannot go far enough and real fiscal stimulus is needed to drive renewed investment.
Scottish small businesses report gloomy outlook
A majority of small Scottish firms expect business conditions to worsen, according to a quarterly report.
Inventor Dan and BP’s former North Sea boss are cream of the crop at the OAAs
Oilfield technology inventor Dan Purkis was honoured for his significant contribution to the North Sea industry at the 30th Offshore Achievement Awards (OAAs) in Aberdeen last night.
Statoil ordered to tighten up following potentially fatal Gudrun leak
Norway's Petroleum Safety Authority has issued an order to Statoil following the investigation of a potentially fatal hydrocarbon leak at its Gudrun facility in the North Sea.
Budget 2016: OBR figures predict revenues from oil and gas to be negative for next five years
Revenues from UK oil and gas are expected to be negative for the next five years, according to the Office for Budget Responsibility’s forecast.
Amec Foster Wheeler wins Pakistan Refinery contract
Amec Foster Wheeler said it has won a contract from Pakistan Refinery Limited for a detailed feasibility study to upgrade their refinery in Karachi.
Houston’s $3 billion of debt cut by Moody’s after oil-price drop
Houston’s $3 billion of general-obligation debt was cut one level by Moody’s Investors Service, which cited weakening economic performance due to lower oil prices, the city’s pensions obligations and restrictions on raising taxes.
Hurricane Energy appoints new CFO
Hurricane Energy has strengthened its team with the appointment of a new chief financial officer.
Production hit on Erskine field
Serica Energy said production has been impacted on the Erskine field by a pipeline blockage.
Shell, Saudi Aramco to end 18-year US refining marriage
Royal Dutch Shell Plc and Saudi Arabian Oil Co. are ending an 18-year refining partnership as the Anglo- Dutch crude titan prepares to sell billions of dollars of assets and as Saudi Arabia’s national oil company eyes a possible initial public offering.
Oil investors see $7.4 billion vanish as dividends are targeted
Bludgeoned by falling energy prices, at least a dozen oil and natural gas companies have opted to cut dividends this year to preserve cash, cannibalizing payouts considered sacrosanct by many investors.
EnQuest makes $125m additional savings on Kraken, production on target
Enquest said the drilling programme on the Kraken development project in the North Sea is ahead of schedule despite poor weather conditions, ensuring four production and four injection wells will be available for first oil.