Scottish Parliament: Oil transition must not ‘throw thousands of north-east jobs under the bus’
The transition away from oil and gas “must not throw thousands of north-east jobs under the bus”, a Scottish Parliament debate has heard.
oil and gas
Former Petrofac executive ordered to pay £140,000 over bribery case
A former Petrofac executive has been ordered to pay £140,000 over bribery offences in the Middle East.
Equinor seeks $1billion North Sea sale: Report
Equinor is reportedly seeking a $1billion sale of a stake in the Martin Linge oil field in the North Sea.
Future of oil and gas to be debated in Scottish Parliament
MSPs will discuss the future of the oil and gas industry tomorrow during a debate in the Scottish Parliament.
Securing energy supply to meet growing demand
Without any doubt, 2021 has been a better year than 2020 in the energy sector. It’s been a more progressive year and there are positive signs that the energy transition is gaining momentum.
The new Industry Mutual Hold Harmless Scheme – why you should consider signing up
A unique aspect of how the oil and gas industry operates is the concept of the mutual hold harmless indemnity – this is a legal tool for risk allocation by which each party to a contract agrees to take the risk of injury to its own personnel or damage to its property even if caused by the other party.
Centrica continues hunt for North Sea exit after Spirit Energy Norway sale
British Gas owner Centrica has said it will continue its strategy to exit the UK North Sea after announcing a deal to sell Spirit Energy Norway for £800million.
Faroe Islands plan to stick with oil and gas dream
The Faroe Islands plan on staying open for offshore oil and gas exploration and for sharing in the spoils of any UK Atlantic Frontier development where reserves might straddle the Faroe-UK maritime boundary.
‘He should be ashamed’ – Union boss slams Harvie over ‘hard right’ oil and gas comment
A union boss has criticised the co-leader of the Scottish Green party for recent comments he made about the oil and gas sector.
Oil and gas industry’s top talent to be revealed at annual awards
The oil and gas industry's top talent will be recognised for their talent, innovation and accomplishment this week.
Financiers under a ‘huge amount of pressure’ to drop oil investments, says expert
A senior figure at Lloyds Banking set out the challengers for financiers of backing oil and gas during an industry event in Aberdeen on Thursday.
Exclusive: BP acquires JX Nippon stakes in North Sea Andrew Area
BP has agreed to buy the stakes of JX Nippon in the ageing Andrew Area in the North Sea, confirming its intent to see the asset through decommissioning.
Former Westwood CEO sets up new consultancy targeting ‘£821m market opportunity’
A trio of energy analytics heavyweights, who have overseen more than $30billion (£22.5bn) of oil and gas deals, have teamed up to form a new research and consulting firm in Aberdeen.
‘Sorry guys, we’re full’: CessCon predicts onshore decom ‘bottleneck’
The chief executive of CessCon Decom has warned that a potential “bottleneck” could emerge for onshore dismantling over the coming years as North Sea decommissioning ramps up.
UK oil and gas companies raise £1.1bn, up 307% in a year as commodities boom
Oil & gas and mining companies raised £1.1 billion in new equity in the openings months of 2021, new research has found.
Sturgeon oil stance putting private investment in Acorn ‘at risk’, says NE MSP
It is feared that Nicola Sturgeon’s recent comments on North Sea oil and gas may harm a key Aberdeenshire decarbonisation project.
Halliburton hired to plug huge oil spill in Nigeria
Halliburton, one of world’s largest oil services companies, said a unit of the firm has been hired to help seal a well head in southern Nigeria that’s been spewing its contents for several weeks.
Craig International nets new orders worth more than £5m
Offshore procurement specialist Craig International, of Aberdeen, is to deliver two new contracts worth a total of more than £5 million through its fledgling Ecobuy service.
UK forked out more than £18bn on oil and gas imports in first six months of 2021, according to trading figures
The UK shelled out more than £18 billion on oil and gas imports in the first few months of the year, according to the government’s latest trading figures.
Cambo: UK Government says oil and gas cannot be ‘abandoned overnight’ after Sturgeon opposition
The UK Government has refused to back Nicola Sturgeon’s opposition to the new Cambo oil field off Shetland – and warned jobs are at risk from “turning off the taps”.
Subsea 7 back in profits with ‘significantly higher activity’
Subsea 7 was back in profits with a surge in revenues in the third quarter amid “significantly higher activity”.
Nicola Sturgeon confirms her opposition to developing Cambo oil field
Nicola Sturgeon faces claims she has “abandoned” the North Sea oil and gas industry after confirming her opposition to the controversial Cambo scheme.
TechnipFMC wins large contract with ExxonMobil for work off Guyana
TechnipFMC (NYSE: FTI) (PARIS: FTI) has bagged a major contract with ExxonMobil (NYSE: XOM) for work in the Stabroek block, offshore Guyana.
Dutch government has no majority on tax move to appease Shell
The Dutch government won’t have a majority in parliament that would back scrapping a dividend tax in a bid to stop Shell moving its headquarters from The Hague to London, newspaper Algemeen Dagblad reported, citing unidentified people familiar with the situation.
New draft of COP26 deal weakens language on phaseout of fossil fuels
A new draft of the deal that could be agreed at the Glasgow COP26 climate talks appears to have watered down its push to curb fossil fuels.