TechnipFMC restarts move to split into two companies
TechnipFMC has restarted its bid to split the business in two after the Covid-19 pandemic halted the process.
oil and gas
Subsea chief says ‘only the brave’ would make predictions about the sector’s future
Subsea UK chief executive Neil Gordon has said “only the brave” would make predictions about the sector’s future.
Living with a pandemic: Tips for companies with offshore and remote locations
As cases of COVID-19 surge, companies with essential workers and operations are starting to realise that living - or working - with a pandemic is now the reality. As such, there are several fundamental practices companies must embrace in order to manage a workforce’s health and safety during a pandemic and beyond.
Drillmar Resources and V.Ships Offshore announce strategic alliance
Aberdeen headquartered Oil & Gas recruitment specialist Drillmar Resources has announced plans to expand their global recruitment and crew management capabilities through a strategic alliance with V.Ships Offshore.
Rigger brings tall tales of North Sea tea shack to light in new book
The tall tales of the North Sea tea shack are being brought to light in a new book, with proceeds going to the RNLI.
Shell to lay off 700 workers at Louisiana refinery
Shell will lay off 700 workers after closing its Convent refinery in Louisiana, part of a company effort to reduce carbon emissions.
i3 Energy hands back licence as flagship Liberator field deemed ‘sub-commercial’
North Sea operator i3 Energy has handed back the licence for its flagship Liberator field after deeming the resources “sub-commercial”.
Seapulse deal ‘still alive’ despite going quiet, says Maersk Drilling
The chief operating officer of Maersk Drilling has said its deal with fledgling explorer Seapulse, targeting four billion barrels worldwide, is “still alive”, despite news going quiet over the last year.
‘We don’t mind taking skin in the game’: Maersk Drilling on future deals in crisis-hit sector
The chief operating officer of Maersk Drilling thinks companies like his taking “skin in the game” will be the future of the sector, moving away from commercial deals that put most of the risk on operators.
Oil veteran Gunther Newcombe recognised in New Year Honours list
Oil industry stalwart Gunther Newcombe has been recognised in the Queen’s New Year Honours list.
EnQuest targets second quarter sailaway for Northern Producer
EnQuest is targeting a sailaway date “early” in the second quarter of next year for its Northern Producer vessel.
Awilco Drilling moves to recoup £32million over cancelled Keppel rig contract
Awilco Drilling is moving to recoup millions of pounds over a cancelled contract for a new rig build with Keppel FELS as the dispute between the two firms deepens.
Russian sustainability scores rise, but climate goal still lags
A disconnect between Russia’s climate policies and the sustainability ratings of some of its biggest companies highlights the challenges investors face in assessing environmental, social and governance performance.
Crown Estate hydrogen study: Let’s get moving with our energy transition activities
Crown Estate Scotland is set to launch a rather interesting mini-study.
Diamondback Energy to acquire QEP Resources for $2.2 billion
Diamondback Energy is planning a pair of acquisitions worth more than $3 billion that would strengthen its position in the Midland Basin of West Texas.
North-east SNP MPs call for meeting with business secretary over sector deal
The UK Government has been urged to give “more detail” on planned support for the oil and gas industry in order to give the sector greater confidence.
Seadrill makes double change to senior management team
Seadrill has made a double change to its senior management team with Reid Warriner and Leif Neilson taking up the roles of chief operating officer and chief technology officer respectively.
Faroese Government signals support for oil and gas exploration, says there are no plans to copy Denmark
The Faroe Islands Government has said it has no plans to follow Denmark’s decision to wind down oil and gas exploration.
LNG surges to six-year high with cold snap in importing nations
Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year.
Oil and gas contributed £9bn to Scottish economy in 2019, according to Annual Energy Statement
The oil and gas industry contributed £9 billion in gross value added to the Scottish economy last year, more than 5% of GDP.
Oil pares earlier gains as rally toward 10-month high stalls
Oil pared its earlier rally toward the highest settlement in almost 10 months as the market weighed the potential distribution of Covid-19 vaccines against a raft of new cases sparking tighter restrictions on movement.
Former BP CFO to chair new energy venture at Ineos
Petrochemicals giant Ineos said today it was launching a new division chaired by former BP chief financial officer Brian Gilvary.
Cyberattack cost EnerMech hundreds of thousands of pounds
A cyberattack which hit the global business of Aberdeen-headquartered EnerMech cost the group hundreds of thousands of pounds.
Offshore rigs lose $30billion in value over 12 months – Bassoe
Drilling rigs have taken a $30billion (£22.5bn) hit to their values over the last 12 months, according to Bassoe Offshore.
North Face accused of ‘virtue signalling’ after refusing to sell jackets to oil company
The North Face has been accused of “counterproductive virtue signalling” after refusing to sell jackets to an oil services company.