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).
ADNOC has dished out a unified drilling contract worth $763.7million, with Schlumberger and Halliburton landing sizeable shares.
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 people have now been linked to a Covid outbreak on board the Shell Shearwater production hub in the North Sea.
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.
The Energy Institute has said the majority of UK workers plan to train for net zero in the coming year, but concerns persist on cost, timing, and availability of courses.
NEO Energy has said it has “rapidly expanded” since the oil price crash brought it down to losses in its first full year of trading.
CNOOC has hit a key milestone ahead of first production from phase 2 of the huge Buzzard oilfield in the North Sea.
The director of Taqa decommissioning operations has said it is “poised” for significant activity in the coming months.
Repsol Sinopec has said “organisational changes” are to be made at the Flotta oil terminal in Orkney as the firm explores energy transition opportunities.
Almost a third of the workers at oil and gas firm Baker Hughes in Montrose are at risk of redundancy.
A memorial service was held in Aberdeen today to mark 33 years since the Piper Alpha disaster, which claimed the lives of more than 100 men.
Petrofac has been awarded a contract extension with Neptune Energy on the Cygnus platform, worth around $14million (£10m).
EnQuest has announced the completion of its acquisition of the Bentley field, one of the North Sea’s largest untapped discoveries, from Whalsay Energy.
Australia's Finder Energy is boosting its UK presence, striking a deal for the "Goose" North Sea licence from Azinor Catalyst.
New research has shed light on the role of the Piper Alpha disaster in preventing further oil and gas releases in the North Sea.
The son of a Piper Alpha survivor has launched a VR safety training initiative to help prevent further industrial disasters.
Campaigners brought a 42ft wind turbine blade to Aberdeen as part of the Greenpeace Just Transition Tour.
BP Plc and Russia’s Lukoil PJSC want to sell down their assets in Iraq, according to the country’s oil minister.
A fire near the Pemex Ku-Maloob-Zaap oil platform complex in the Gulf of Mexico has been controlled following a gas leak.
A total of 20 FPSO awards are expected to be made in 2021 and 2022, bringing a boost to fabrication yards, according ot new analysis from Rystad Energy.
The “big four” accountancy firm KPMG has appointed a former oil and gas partner at rival EY to its energy practice.
Petrofac has won work worth around $17million (£12.3m) for the Ithaca Energy Captain field, securing more than 40 jobs at the energy services firm.
A fuel derived from “chip fat” could be the near-term answer for offshore helicopters to cut emissions, according to an aviation expert.
The charity that ensures upkeep of the Piper Alpha memorial gardens has said it faced down a “cliff edge” for fundraising opportunities as the Covid outbreak took hold.