Petrofac debt puts it in ‘challenging financial position’
Oil and gas service provider Petrofac's (LON:PFC) efforts to restructure its debt could lead to a significant dilution for shareholders, according to an analyst.
Aberdeen oil and gas
Aberdeen firm facing second takeover this year after ChampionX buyout
RMSpumptools to become part of SLB after its owner ChampionX was bought by the American oilfield services giant
OEUK announces supply chain principles award winners at Aberdeen Share Fair
Trade body Offshore Energies UK revealed the winners of the Supply Chain Principles awards at the P&J Live in Aberdeen today.
Orcadian granted conditional extension to North Sea Pilot licence
Orcadian Energy has announced the North Sea Transition Authority (NSTA) is prepared to grant a two-year extension on its P2244 licence in the Pilot field, subject to certain conditions.
Shell CEO reassures staff he believes in climate action
Shell Plc (LON: SHEL) chief executive officer Wael Sawan told the company’s staff that he “believes in urgent climate action,” despite shifting focus toward its core oil and gas businesses.
Value of Scottish Oil and Gas sector down £3.44bn according to OEUK report
The value of the oil and gas sector to Scotland’s economy has dropped by £3.44 billion compared to last year, according to data from the leading trade body.
Divestment from oil and gas could ‘cut off our nose to spite our face’, Aberdeenshire MP claims
Aberdeenshire Conservative MP Colin Clark claimed the UK energy sector could be about to "cut off its nose to spite its face" if it doesn't utilise the skills from North Sea oil and gas during a Treasury Committee meeting.
Fifth annual Aberdeen-Houston Gateway is under way
A celebration of north-east technology has heralded the start of a week-long international business event in Aberdeen.