Aberdeen City Council leader Jenny Laing has said she believes the North Sea oil and gas industry will continue to have a "bright future" despite the continued decline in oil price.
One of the buzz phrases that’s going around just now is ‘lower for longer’.
Job losses could continue throughout much of the year, as more projects are postponed amid the continued low oil price, according to a leading petroleum economist. Professor Alex Kemp of the University of Aberdeen, said the current oil price combined with strong supplies in Saudi Arabia and Russia, was likely to create more pressures on the North Sea.
An Aberdeen MP has written to the Secretary of State for Energy and Climate Change calling for a meeting after BP confirmed up to 600 jobs could be lost from across its North Sea operations.
Downhole tool specialist Peak Well Systems has appointed industry stalwart Neil Poxon as its global business development director.
An Aberdeen MSP has warned the “first-rate” safety culture in the North Sea that emerged after Piper Alpha could be at risk as firms strive to cut costs. The SNP’s Mark McDonald is seeking urgent talks with Deirdre Michie, the chief executive of Oil and Gas UK.
Aberdeen oilfield support services firm First Integrated is set to launch the UK's first product service centre for Monti surface preparation tools.
Austen Russell said MSP Dennis Robertson’s comments about the current state of the North Sea oil and gas industry felt like a “kick in the teeth”. The 38-year-old has been tirelessly looking for work every day since he was made redundant from his job with a pipe lay company last October where he worked as a technical supervisor. He had his first break in the industry 18 years ago when he started out as a well test trainee.
A North Sea platform is believed to have entered its tenth day in shut down as investigations continue into the cause of a gas leak on board the installation. Production was shut down on Marathon’s Brae Alpha platform on Boxing Day after an alarm was raised. It is believed 73 workers remain on board the platform which is about 155miles north east of Aberdeen.
A slump in demand for North Sea offshore flights has hit Bristow Helicopter’s bottom line although sales were underpinned by its contract to run emergency search and rescue (SAR) services for the British government.
Statoil’s decision to delay its Mariner contract with Prosafe has seen the final contract total increase by $55million.
Drivers will be able to fill up on diesel for less than £1 per litre after three supermarket giants slashed prices from today.
Robin Watson will officially assume the chief executive role for Wood Group tomorrow.
A North Sea platform has entered its fifth day shut down as investigations continue into the cause of a gas leak on board the installation. Production was shut down on Marathon’s Brae Alpha platform after an alarm was raised on Boxing Day. Around 73 workers remain on board the platform which is about 155miles north east of Aberdeen.
Take a look back at some of Energy Voice’s most watched videos from the past year.
A product line owned by Forum Energy Technologies has won a string of new multi-million dollar contracts in just one month. AMC Engineering has been given multiple orders for the manufacture and supply of its fully rotational torque bucking unit, scheduled for delivery next year. The units have been bought by a number of multinational oil companies in the Middle East, South America and Caspian regions.
Oil firm Total will appear in court next week charged in connection with a major gas leak on one of its North Sea installations. In March 2012, all 238 workers on board the Elgin platform had to be evacuated as gas started spewing out of the G4 well at the rate of two tonnes an hour. At one point, about seven million cubic feet of gas was leaking from the platform every day.
Aberdeen councillors have given unanimous backing to a new vision for the north-east economy for the next 20 years. Members agreed the Regional Economic Strategy at a meeting of the full council yesterday. The plan has been drawn up during a downturn in the North Sea offshore industry and amid tumbling global oil prices.
We asked Press and Journal Business Editor Erikka Askeland to take readers through how to record their Christmas Wish.