An Aberdeen oil boss has lost his bid for a $210million lawsuit, which alleged a lawyer conspiracy led to a raw deal that saw the collapse of his business and the value of his shares becoming “worthless”.
A North Sea worker has revealed how he made a “miracle” recovery in Aberdeen after his heart stopped for nearly two hours.
Europe’s oil and gas majors could access a wide pool of investors and “unlock value” by spinning off their renewables assets in initial public offerings (IPOs).
TechnipFMC has restarted its bid to split the business in two after the Covid-19 pandemic halted the process.
Subsea UK chief executive Neil Gordon has said “only the brave” would make predictions about the sector’s future.
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.
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.
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 will lay off 700 workers after closing its Convent refinery in Louisiana, part of a company effort to reduce carbon emissions.
North Sea operator i3 Energy has handed back the licence for its flagship Liberator field after deeming the resources “sub-commercial”.
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.
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 industry stalwart Gunther Newcombe has been recognised in the Queen’s New Year Honours list.
EnQuest is targeting a sailaway date “early” in the second quarter of next year for its Northern Producer vessel.
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.
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 Scotland is set to launch a rather interesting mini-study.
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.
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 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.
The Faroe Islands Government has said it has no plans to follow Denmark’s decision to wind down oil and gas exploration.
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.
The oil and gas industry contributed £9 billion in gross value added to the Scottish economy last year, more than 5% of GDP.
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.
Petrochemicals giant Ineos said today it was launching a new division chaired by former BP chief financial officer Brian Gilvary.