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.
Energy provider SSE said it has secured agreements to provide 3,150MW of de-rated electricity generation capacity from October 2019 to September 2020 at a price of £18 per kilowatt. The company said the move was as a result of the GB Capacity Market Auction process.
Leaders in business, education and the public sector have teamed up to secure the north-east’s post-oil future, backed by a £50million funding pot.
Further job losses in the North Sea are inevitable as the “challenging times“ for the oil and gas industry continue, MSPs have been warned.
Aberdeen hotels suffered a further slump in trade in October as the wider impacts of the oil and gas industry downturn continued to hit hard, new research findings show. The latest monthly LJ Forecaster Scottish Intercity Report from tourism market specialist LJ Research says revenue per available room (revpar), a key benchmark for the sector, tumbled “unprecedentedly” below £50. Aberdeen’s revpar was £49.18, its lowest rate for several years and down by 37% on October 2014, according to LJ Research.
A ruling by the UK’s top court on damages provisions in major contracts will impact on the energy and construction industries, says an Aberdeen legal expert. In a landmark ruling, the Supreme Court has “shaken off the dust from 100 years of case law” regarding contract compensation clauses, said Scott Johnston of legal firm Pinsent Masons. Mr Johnston said: “Many business and consumer services contracts contain what is commonly known as a “liquidated damages” clause and the energy and the energy and infrastructure sectors in particular are very familiar with these terms, which can have big financial implications.
A north-east fabrication firm offering manufacturing services to the oil and gas industry has gone into administration. Harlen Fabrication in Dyce has appeared to suffer the effects of the downturn in the oil and gas industry. Calls were made to directors of the company were not returned.
High value homes in the north east of Scotland are proving harder to shift with an increasing number coming on the market at lower prices than before, according to property experts.