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.
Calls have been made for the Scottish Government not to “ignore” the concerns that face Aberdeen and the Highlands during Thursday’s budget announcement, after an oil and gas downturn and thousands of job losses have plagued the region.
Iran has started ramping up its oil production and expects to reach pre-sanctions levels in one to two months, Deputy Oil Minister Amir Hossein Zamaninia said.
North Sea minnow Zennor Petroleum claims to have become one of the first UK operators to go “carbon neutral” as first gas from its flagship Finlaggan field beckons.
By Trevor Borthwick, Bob Palmer and Devi Shah of Mayer Brown
Whether dealing with failure of a major project, reacting to crises at counterparties or weighed down by oil price weakness, many companies in the oil sector will have to undertake financial restructuring in 2021.
The Scottish Environment Protection Agency (Sepa) confirmed it was continuing to respond to an ongoing ransomware attack, probably by international serious and organised cyber-crime groups.
A former senior boss at Petrofac has pleaded guilty to further charges of bribery in a Serious Fraud Office (SFO) investigation related to contract wins worth billions of dollars.
Saudi Arabia reduced crude oil supplies to at least 11 refiners in Asia and most buyers in Europe after the kingdom volunteered to cut its production by 1 million barrels a day for February and March.
EnQuest has launched a legal claim against BP worth nearly £26 million for allegedly failing to pay invoices relating to Sullom Voe Terminal in Shetland.
At Swinton Technology, we specialise in flow measurement within the oil and gas industry, through the supply of flow computing systems and metering software solutions. As part of our portfolio, we provide intelligent solutions for the industry with the aim of reducing the need for human intervention and constant system and equipment monitoring. Our solutions help to prevent costs associated with downtime and allows fiscally critical decisions to be made with ease, i.e. those that reduce metering uncertainty are prioritised before less significant actions.