From the days of sweeping floors and painting pipes as a young man in the oil and gas industry, John Donachie has seen his career soar.
The partner and head of corporate finance with Pareto Securities Limited won the Offshore Achievement Awards Rising Star accolade in 2004.
He was responsible for creating the Young Professionals section of the Society of Petroleum Engineers which has now become a global network for people to meet.
The UK Government’s commitment to maintaining Britain’s nuclear deterrent was dismissed yesterday as an “ego trip” aimed at “clinging on to the remnants of a fading imperial past”.
The number of Norwegian offshore vessels idled with nothing to do has gone from zero to 100 in just a year. And the woes are far from over, the industry’s top lobbyist said.
Oil and gas firm Atlantic Petroleum has postponed its financial results and hired an investment bank to find it a new backer as its partner on a North Sea field dices with bankruptcy.
Faroe-Islands-based Atlantic has a 25% stake in the Orlando Field, located north-east of Shetland, which was expected to
start producing by the end of 2016.
As the Autumn Statement is announced this week, Derek Leith, UK head of oil and gas taxation at EY, has taken up the role of Energy Voice’s guest editor. Follow along each day as he spells out the challenges and triumphs the industry faces.
When Vladimir Putin met with Barack Obama in Turkey on Sunday to discuss the terrorist attacks in Paris, he brought along some photos.
The satellite images showed rows of trucks laden with Islamic State oil stretching into the Syrian horizon, a person familiar with matter said. Putin’s point was that US bombing alone can’t eliminate the vast smuggling network that provides much of the extremist group’s funding.
Obama was already well into a stepped-up campaign against the group’s oil resources and that night US aircraft destroyed 116 tankers hauling crude from seized fields.
Japanese company Modec has contracted out the project to build a floating storage and offloading (FSO) vessel for Maersk Oil’s £3billion Culzean gas development in the North Sea.
Singapore’s Sembcorp Marine said it had secured the work to design and build the FSO, with the project being handled by its wholly-owned subsidiary Sembcorp Marine Rigs and Floaters (SMRF).
Scheduled for delivery in the first quarter of 2018, the vessel will be Sembcorp’s first FSO new-build secured on a full turnkey project basis.
A safety warning has been issued to helicopter operators after a fault was discovered which could potentially endanger crews.
The warning was issued on Wednesday by the European Aviation Safety Agency (EASA), after a problem was found in rescue hoists.
The fault was traced during a safety test on an Airbus Deutschland Helicopter MBB-BK 117 C-2.
There is just over a week left to enter the 2016 Offshore Achievement Awards, which offers companies and individuals the opportunity to be recognised amongst some of the industry’s greatest success stories of the last 30 years.
The awards scheme this year has been adapted to reflect the challenges facing the industry since the falling price of oil has impacted the North Sea industry.
This year sees the return of well-recognised categories, such as Great Large and Great Small Company, Young Professional, Emerging Technology, Safety Innovations, The Innovator and Export Achievement.
The UK Government is being urged to outline how it will support a world-leading north-east gas project after the energy secretary announced plans to phase out coal by 2025.
A new initiative being led by Subsea UK is aiming to create an educational link between industry and pupils in the classroom.
Education chiefs have been working with the industry body to create a unique resource which could capture the interest and imagination of primary pupils in science subjects.
It includes the Subsea Channel which offers pupils the chance to visualise some of the work done in a number of ways in the North Sea.
OPEC took a swing at US shale and knocked down Canada.
Threatened by surging production from North America, the Organization of Petroleum Exporting Countries has been pumping above its quota for 17 months as it seeks to take market share from higher-cost regions. The resulting 60 percent price crash is hitting Alberta harder than Texas.
Canadian producers are struggling to cut the cost of extracting bitumen from the oil sands, and their other wells are failing to match the efficiency gains of US rivals, a Bloomberg Intelligence analysis shows.
Atlantis Resources has sought advice from Macquarie Capital as it looks to review its options for attracting long term investors in its Scottish tidal power portfolio.
The company, which owns the majority of the world’s largest planned tidal power MeyGen project, is offering potential investors an interest in its projects.
Russia has warned it will target tanker trucks believed to be connected to Islamic State (IS) in Syria.
The country released footage which showed its fighter jets have been targeting oil trucks as well as a refinery as it looks to cut the terror group’s main source of income.
Russian military official Andrei Kartapolov was quoted by news sources in which he said his country was in a “free hunt” against tanker trucks carrying oil products believed to be belonging to terrorists.
