Equinor brings Snorre expansion online ahead of schedule
Equinor has started up an expansion of its Snorre field, which will add another 200million barrels of production to the North Sea development.
oil and gas
BP sued by Bank of China over oil deals
Bank of China Ltd. has sued BP Plc in Singapore over its alleged role in fabricating oil deals with collapsed trader Hin Leong, in the latest effort by a creditor to recover losses after one of the biggest trading scandals in decades.
BP moving staff into smaller Aberdeen headquarters
BP is moving out of its current North Sea offices to set up a new regional headquarters in Aberdeen, which will be half the size.
Brent climbs above $50 for first time since downturn struck
Oil in London climbed above $50 a barrel for the first time since the pandemic ground the global economy to a halt in a remarkable rally that few predicted would happen this soon.
VIDEO: Well-Safe Protector rig arrives at Invergordon ahead of decom work
The newly-refurbished Well-Safe Protector rig has arrived at Invergordon to get it ready for work in the decommissioning market.
Equinor hands out £68million supply vessel contracts
Equinor has handed out contracts worth around £68million to an offshore supply vessel firm for operations in Norway.
‘Very surprised’ if UK oil workers get vaccine before Easter, says top microbiologist
One of the country's top microbiologists has said he would be “very surprised” if offshore oil and gas workers in the UK receive the Covid-19 vaccine before Easter.
Maersk Drilling appoints former Halliburton exec as new CFO
Maersk Drilling has appointed a former executive at oilfield services giant Halliburton as its new chief financial officer (CFO).
Oil and gas industry warned it needs to become ‘wholly different’ as CCC releases landmark net zero report
North Sea oil and gas firms are being warned they will need to become “wholly different” if they want to retain their position in the structure of the UK’s economy.
New contracts, new Aberdeen base: Bilfinger Salamis buys into a brighter future
New contracts, renewals and the opening of a new Aberdeen base have been flipping the fortunes of Bilfinger Salamis after a stark start to 2020.
Cheryl Burgess appointed chief executive of Society for Underwater Technology
The Society for Underwater Technology (SUT) has Dr Cheryl Burgess as its new chief executive effective from January next year.
Equinor takes £225million impairment on Mariner a year after first oil
Equinor has taken a £225million impairment charge on the value of its Mariner asset, a year after achieving first oil.
Call to show ‘global leadership’ with North Sea production cuts
The UK and Scottish governments have been urged to set five-yearly targets for North Sea production cuts, using the coronavirus pandemic as an opportunity to "show global leadership" and "reshape" the industry for net zero.
Oil price rises on news of UK vaccine
Spreads at both ends of the oil futures curve rallied on Wednesday as the UK approved a Covid-19 vaccine and the physical market displayed signs of strength in Asia and the North Sea.
OPEC+ makes headway on oil-output deal after days of talks
OPEC+ has made headway toward a deal on oil-output cuts, the first sign of progress after failed talks earlier this week.
North Sea pipeline firm forced into liquidation after court battle with Kellas
A North Sea pipeline firm has been forced into liquidation after losing a court battle with Aberdeen-based Kellas Midstream.
Plexus looks to ‘signs of recovery’ despite revenues taking a nosedive
Plexus Holdings has given an optimistic outlook, hailing “real” signs of recovery, despite year-on-year revenues taking a nosedive due to Covid.
ConocoPhillips warns of 500 Houston job cuts as Concho deal nears
ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc.
Oil trader Trafigura denies Brazil prosecutor bribery claims
Trafigura Group Ltd. denied bribery allegations leveled by Brazilian prosecutors in a civil lawsuit claiming the commodities trader and its staff participated in a kickback scheme to win business with state oil producer Petroleo Brasileiro SA.
Big oil pays for past bets on fossil fuels With $70 billion hit
Exxon Mobil Corp.’s impending writedown of natural gas fields rounds out a record year for Big Oil chargeoffs stemming from misplaced optimism on the future of fossil fuels.
Oil rises despite OPEC+ struggle for consensus on output, second day of meeting postponed until tomorrow
Oil erased earlier losses with OPEC+ seeking more time to reach a deal on production policy after a meeting broke down without an agreement.
BP, Shell veteran Iman Hill replaces Gordon Ballard as head of IOGP
Iman Hill, an industry veteran of 30 years, has replaced Gordon Ballard as executive director of the International Association of Oil and Gas Producers (IOGP).
OPEC+ heads to crucial talks seeking compromise on oil cuts
OPEC and its allies headed into a two-day meeting with ministers still seeking a compromise on proposals to delay a production boost, after failing to reach consensus in talks on Sunday night.
Chrysaor merger sees Premier Oil Sea Lion farm-out go into extra time
A planned farm-out of the Premier Oil Sea Lion project in the Falklands has gone into extra time due to the firm's mega-merger with Chrysaor.
Borr Drilling takes 30% hit to revenues as operators cancel contracts
Borr Drilling has taken a 30% knock to its revenues after a series of cancellations and delays to contracts by oil and gas operators.