Total to rebrand as ‘Total Energies’ as French oil giant makes climate push
French oil giant Total plans to rebrand as “Total Energies”, in a move it said would underline its strategy to become a net zero emissions company.
oil and gas
Aberdeen charity takes stock as Granite City offices lie empty
An Aberdeen charity is quite literally taking stock as many offices in Europe’s oil and gas capital now lie empty.
Maersk Drilling wins £10.5million KNOC contract in Korea
Maersk Drilling has won a £10.5million contract with Korea National Oil Corporation (KNOC).
IOCs eye $12 billion worth of mergers and acquisition deals in the Asia Pacific region
Upstream merger and acquisitions (M&A) deals are expected to rebound in Asia Pacific this year after plunging to their lowest level this century in 2020, when the pandemic and collapse in oil and gas prices killed activity.
Sulmara Subsea aims to double headcount and slash emissions in 2021
Sulmara Subsea, an up-and-comer to the offshore surveying sector, is planning a major recruitment drive in 2021, while taking steps to offset its carbon emissions.
Non-OPEC oil supply unlikely to bounce back to pre-pandemic levels in short term, predict analysts
Analysts have warned that non-OPEC oil and gas supply is unlikely to renege on its 2020 losses in the short-term.
Write-downs double losses for Altera Infrastructure
Write-downs on the value of its vessels saw Aberdeen-headquartered FPSO firm Altera Infrastructure more than double its pre-tax losses in 2020.
Safety inspectors find ‘cracks’ in hull of Foinaven FPSO west of Shetland
“Serious concerns” have been raised after inspectors found multiple “cracks” in the hull of the Foinaven FPSO west of Shetland, amid a catalogue of other safety issues.
Worley job cuts reach 11,400 since start of pandemic
Engineering giant Worley has confirmed its job cuts total since the start of the Covid pandemic has reached 11,400.
Shell makes largest purchase of North Sea oil in a decade as prices power higher
Shell snapped up the largest amount of North Sea oil in over a decade during the market’s main trading window for physical cargoes, underpinning signs of sharply tightening supplies.
Flylogix in project using unmanned vehicles to detect oil spills from the air
Flylogix has partnered on a two-year project to use unmanned aircraft to detect and monitor oil spills from the sky.
Energy Institute CEO Kingham to leave group for new role at BP
The CEO of the Energy Institute, Louise Kingham, has announced she will leave the organisation for a new role at BP.
CNR International seeks contractor partner for mass North Sea decommissioning campaign
CNR International is planning a mass decommissioning campaign for nearly half of its North Sea wells by 2025, and is seeking contractors to partner on the scheme.
Former BP CEO Dudley: ‘We need investors to have a little patience with oil and gas’
Former BP CEO Bob Dudley has said investors “need to have a little patience with the oil and gas industry” as it adjusts for the energy transition.
‘Serious intent’ to get major west of Shetland oil projects to net zero – Orion
West of Shetland operators are working with “serious intent” to get huge new oil projects “to a net zero outcome”, according to the head of a major clean energy scheme on the islands.
Plexus: Bilderbeek weighs fundraising options to ‘extend the runway’ for business
Plexus CEO Ben van Bilderbeek is weighing fundraising options to “extend the runway” for the business, which has been faced with years of losses but may now be on the verge of success.
International trade policy threat to Scottish oil and gas companies
In his latest column, former UK Energy Minister Brian Wilson questions the Scottish Government's withdrawal of support for oil service exporters.
U.S. driller that produces 70 barrels a day soared nearly 1,000%
An obscure company that employs five people and appears to produce negligible amounts of oil and natural gas from some wells in Appalachia slumped Friday, one day after soaring almost 1,000% in the latest Reddit-fueled day-trading craze.
Petrofac wins ‘enhanced’ North Sea contract with Ineos FPS
Petrofac has been awarded an “enhanced” five-year deal with Ineos FPS (Forties Pipeline System) in the North Sea.
Exxon maintains dividend as oil rally expected to boost cash
Exxon Mobil Corp. kept the S&P 500 Index’s third-largest dividend after this year’s rally in commodity prices eased analysts’ fears that the payout was becoming unaffordable.
Covid on Premier Oil Balmoral platform puts fourteen workers into quarantine
More than a dozen workers are in quarantine after a crew member on the Premier Oil Balmoral platform tested positive for Covid-19.
Delek mulls debt-for-equity swap for North Sea operator Ithaca Energy
Delek is considering a debt-for-equity swap and dual listing for North Sea operator Ithaca Energy in order to cut the parent firm's £1billion debt pile.
DNV GL to combine oil & gas and renewables operations
DNV GL has announced plans to combine its current oil and gas and power and renewables wings to create one new business area.
Low-levels of confidence not stopping oil and gas industry investing in renewables, says DNV GL survey
The UK oil and gas industry is expected to double down on green investments this year despite a deficit of confidence in the sector, according to a new survey.
Stena Drilling bags Petrofac North Sea contract
Stena Drilling has won a new North Sea contract with Petrofac.