Offshore leak on Cormorant Alpha contributes to Taqa’s 70% profit slump
Energy giant Taqa said yesterday an oil leak at its Cormorant Alpha platform in the North Sea had contributed to a 70% slump in profits.
good progress
On shore progress on UK projects
Oil and gas explorer Union Jack Oil said yesterday it had made good progress on its UK projects.
Cosalt accounts still in limbo as talks continue
Engineering firm Cosalt said yesterday it still could not publish its annual accounts for last year because its long-term financial future remained uncertain.
HSE welcomes drive towards better safety
The UK oil and gas industry has responded well to efforts to improve health and safety, its regulator said yesterday.
Weir Group upbeat over prospects
Scottish engineering firm Weir Group said yesterday it continued to expect a year of good progress, in line with its previous guidance.
Centrica still sees progress upstream
ENERGY firm Centrica said yesterday it was continuing to make good progress in its Aberdeen-based upstream oil and gas business, particularly in development projects and exploration.
Premier to refocus investment on North Sea
UK-based oil and gas firm Premier Oil said yesterday it would be refocusing on the North Sea after launching two new developments in Asia.
Work on operation to halt oil leak starts after pipeline begins to float
Underwater work to halt the North Sea's worst oil leak in a decade began last night after the ruptured pipe - which still contains hundreds of tonnes of oil - began floating off the seabed.
Melrose cuts production estimates for second time
OIL and gas explorer Melrose Resources has reduced its full-year production estimate for a second time this year after setbacks in Egypt.
Cairn’s Greenland drilling campaign taking shape
Scottish oil firm Cairn Energy gave an update yesterday on its summer drilling programme offshore Greenland, saying arrangements were taking shape for up to four exploration wells.
Shell benefiting from production lift
Royal Dutch Shell said yesterday its profits jumped in the third quarter after it benefited from higher oil prices and a 5% rise in production.
Technip celebrates pipelay vessel’s rejuvenation
TECHNIP officially named its new pipelay vessel the Apache II at a ceremony yesterday at Invergordon close to its Evanton spoolbase, where the ship will mobilise for future projects.
Wood confident of longer-term strength of key markets
International energy service company John Wood Group said yesterday it remained confident in the medium and longer-term fundamentals of its key markets.
Don’t risk a disaster, HSE warns oil bosses
Offshore bosses were warned today they risk another Piper Alpha tragedy in the North Sea if they use the recession as an excuse to cut back on health and safety.
Ramco shares plunge on Iraq joint-venture setback
Ramco Energy saw its shares plunge 41% in early trading yesterday after it said state-owned Iraqi Drilling Company (IDC) had terminated a joint venture (JV) with Ramco associate Mesopotamia Petroleum Company (MPC).
Venture’s focus on proving reserves
Venture Production said yesterday that 2009 had started positively with good progress across all areas of its business: production, field development and drilling.
UK major adding to North Sea workforce
OIL giant BP said yesterday it had no plans for fresh job cuts at its North Sea HQ in Aberdeen.