SNP-Green deal reached with pledge of £500m energy transition fund
SNP leader Nicola Sturgeon has confirmed Green MSPs will join her government in a “historic” political deal including a £500m energy transition fund.
oil and gas
Changes at the top as Valaris announces new CEO
Valaris, one of the world’s largest offshore drilling companies, has announced a change-up of its top team with the appointment of a new CEO.
‘Disgrace’ as UK oil and gas medics left in Brexit limbo
An Aberdeen MP has branded the UK Government a “disgrace” as oil and gas medics have been left in employment limbo by Brexit red tape.
Douglas Ross accuses SNP of shift towards ‘extremist’ position on oil
Douglas Ross has accused the SNP of starting to shift towards “extremist positions” that promote the abandonment of the oil and gas industry.
Neptune Energy back to profits after oil and gas price rally
Stronger oil and gas prices brought North Sea operator Neptune Energy back to profits in the first half of 2021.
Nicola Sturgeon calls on UK ministers to ‘reassess’ Cambo oil field plan
Nicola Sturgeon has asked the UK Government to “reassess” oil and gas licences already issued – including the controversial Cambo development.
Legal challenge over ‘unlawful’ quarantine hotels policy
A law firm representing travellers affected by the UK's policy of using quarantine hotels is seeking a judicial review of the regulations.
Covid sees 16 workers removed from Centrica Rough North Sea platform
Centrica has removed 16 workers from its Rough platform in the North Sea following a positive Covid case.
Whittaker Engineering: UK has ‘perfect opportunity’ with market in Mexico
More than a decade since launching its business in Mexico, Whittaker Engineering is still, quite literally, finding new routes to explore.
Ping strikes $22million deal for Summit stake in UK Avalon field as development progresses
Malaysia’s Ping Petroleum has agreed a $22million deal to acquire Summit Exploration and Production’s 50% non-operated stake in the UK Avalon field.
UK energy minister discusses support to decarbonise the North Sea
Details of further government support for decarbonising the North Sea oil and gas sector will be considered by the UK government ahead of its autumn spending review in November, the minister for energy and climate change has said on a visit to Aberdeen.
Balmoral renewables ‘evolution’ brings Europe and Far East export targets
New export markets in renewables are on the cards for Balmoral Group, typically known for its oil and gas buoyancy tech, as its product offering “evolves”.
Growth on the cards as further diversification takes Blaze into the nuclear sector
Aberdeenshire-based Blaze Manufacturing plans to double its headcount by the end of the year as it works through advanced contract discussions with international EPC contractors in the energy sector.
Workers evacuated from Piper Bravo oil platform after Covid outbreak
The crew on board the Piper Bravo has been reduced to “essential workers only” after a Covid outbreak on board the North Sea platform.
RigQuip to create 120 jobs and invest £10m in growth strategy
Aberdeen-headquartered RigQuip has announced plans to create 120 jobs and invest at least £10m in growth plans over the next five years.
Greenpeace Rainbow Warrior heads back to Aberdeen for ‘Just Transition’ event
The Greenpeace Rainbow Warrior ship will be back in Aberdeen on Saturday to host a panel discussion on the need for a “just transition” for oil workers.
UK govt oil revenues fall 70% as price crash and decommissioning take effect
UK government revenues from oil and gas taxes have plummeted by more than 70% due to effects of the recent price crash and decommissioning repayments.
Seadrill draws competing rig offers from Noble and Transocean consortium as it undergoes Chapter 11 bankruptcy
Noble Corporation and a consortium including Transocean and Dolphin Drilling are competing to acquire the assets held by Seadrill, according to a news report, as it undergoes Chapter 11 bankruptcy.
BHP considers exit from oil and gas business
BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter.
Worley lands Taqa contract for work on one of Europe’s largest gas storage facilities
Worley has won a new design contract with Taqa for work on Europe’s largest open-access gas storage facility.
BCG: Distressed or bankrupt oil firms face $15billion decommissioning costs
The decommissioning costs of oil and gas firms which have recently gone bankrupt or are in financial distress is near $15billion, according to new analysis from Boston Consulting Group (BCG).
Schlumberger and Halliburton win big as ADNOC dishes out $764million unified contract
ADNOC has dished out a unified drilling contract worth $763.7million, with Schlumberger and Halliburton landing sizeable shares.
‘Devastating blow’ with 14 Petrofac jobs at risk at Orkney Flotta terminal
Jobs are at risk at contractor Petrofac after Repsol Sinopec announced “organisational changes” are to be made at the Flotta oil terminal in Orkney.
Nearly 120 workers linked to Shell Shearwater Covid outbreak
Nearly 120 people have now been linked to a Covid outbreak on board the Shell Shearwater production hub in the North Sea.
Covid cases see 18 workers isolate or flown ashore from Taqa oil platform
A total of 18 workers have been flown ashore or are currently isolating on board the Taqa North Cormorant platform after workers tested positive for Covid-19.