The Health and Safety Executive (HSE) has condemned Repsol Sinopec following a gas leak and shutdown of the Piper Bravo platform, which came after failing to carry out major repairs.
Robert Trice, the co-founder and former CEO of Hurricane Energy, took a total pay package of £649,000 last year as the oil firm plunged to losses of £440million.
Organisers of Offshore Europe, Scotland’s largest energy exhibition and conference, are running the rule over whether it should be postponed until next year.
The oil and gas industry is vast, complex and heavily relies on millions of workers worldwide to keep it moving. The sector has made progress in recent years to better protect workers and tighten up safety standards, which is reflected in the decreasing number of sector-wide fatalities. As a major hazard industry nevertheless, common and health and safety exposures remain.
The merger of Cabot Oil & Gas Corp. with Cimarex Energy Co. announced Monday has confounded investors and analysts, leaving them to question the logic behind a tie-up that the companies say will increase diversification.
Former Petrofac CEO Ayman Asfari took a double-digit percentage pay cut in 2020, a year blighted by Covid, loss of work and an ongoing SFO investigation.
CCS and offshore wind, a pair of key decarbonising technologies, are in “competition for space” in the North Sea causing a regulatory headache, according to an industry leader.
Strathcylde Uni has come aboard the Orion project in Shetland, a scheme to see major oil and gas fields in the region go net zero and produce clean fuel for the islands.
A landmark International Energy Agency (IEA) roadmap says no new oil and gas fields should be developed – beyond those already sanctioned -- if the global energy sector is to achieve net-zero emissions by mid-century.