Signs point to recovery for offshore helicopter market as downturn hits ‘key inflection point’
The downturn has hit a “key inflection point”, with signs pointing to recovery for the offshore oil and gas helicopter market, according to new analysis.
oil and gas
SFO secures £1.2million from owner of luxury London home who bribed Petrobras
The Serious Fraud Office (SFO) has secured £1.2million from the owner of a luxury London apartment bought after bribing Brazilian state oil firm Petrobras.
Dozens of jobs at risk at Aberdeen engineering firm TDC
Dozens of jobs are at risk at Aberdeen engineering firm TDC, despite the company’s hope to stave off redundancies.
Occidental is first U.S. oil major to target net zero emissions
Occidental Petroleum Corp. became the first major U.S. oil producer to aim for net zero emissions from everything it extracts and sells, accelerating an industry trend that’s become commonplace in Europe.
Oil rises to $45 a barrel in London for first time in 10 weeks
Oil rose to $45 a barrel in London for the first time in 10 weeks as an apparent drop in U.S. crude stockpiles added to the rally driven by a vaccine breakthrough.
RockRose founder Andrew Austin makes North Sea return with new company
Andrew Austin is making his North Sea return with a new investment company, aimed at buying up UK assets, after selling RockRose Energy.
Up to 200 jobs at risk at Petroineos Grangemouth refinery
Up to 200 jobs are at risk at the Petroineos oil refinery in Grangemouth.
Plexus lands Schlumberger deal for wellhead tech through to 2030
Schlumberger will grant Aberdeen-headquartered Plexus Holdings royalties and a $500,000 lump sum payment after agreeing a multi-year licensing deal for its tech.
Exempt oil workers from having to self-isolate on mainland, says Scottish Tory leader
The Scottish and UK Governments have been urged to work together to introduce an exemption to coronavirus rules that mean offshore oil workers are required to self-isolate on the mainland.
Prosafe gets £21.7million Safe Notos extension with Petrobras
Prosafe has secured a contract extension worth £21.7million for its Safe Notos vessel with Petrobras.
Biden win may curb US oil drilling, super-charge renewables
Biden’s victory could end up reshaping the US energy sector in years to come, although the president-elect may have limited room to maneuver given that control of the Senate remains unclear.
Douglas Ross: We must prioritise North Sea jobs over climate change targets
Scottish Conservative leader Douglas Ross will argue today that protecting North Sea oil and gas jobs should be prioritised over climate change targets.
HMRC boosts projected decommissioning tax relief for oil firms by £1.1billion
HMRC has boosted projections by £1.1billion for the amount of tax repayments it expects to give oil firms for North Sea decommissioning.
OGUK survey aiming to give ‘much-needed’ insight into diversity and inclusion
It’s hoped a new first of its kind survey will give a "much-needed" insight into diversity and inclusion (D&I) in the oil and gas industry.
Furlough extension comes ‘too late’ for thousands of North Sea jobs
A union boss has said the extension of the UK furlough scheme comes “too late” for thousands of lost jobs in the North Sea oil industry.
Bristow predicts ‘challenging conditions’ to persist into 2021, sells off 10 Super Puma helicopters
Bristow has predicted “challenging conditions” will persist for the offshore oil and gas market for the next year.
Canadian Natural Resources swings to profit in Q3
Canadian Natural Resources has swung to profits of £244million in the third quarter after posting heavy losses earlier in the year due to Covid.
Aberdeen students honoured at InstMC engineering awards
Students from both of Aberdeen’s universities have been honoured for their engineering talent with a series of awards.
Newly-bought Lloyds Register Energy rebrands to Vysus Group
Bosses at Vysus Group are “intent on growth” after rebranding from Lloyds Register Energy, however the pandemic is expected to bring a dip in revenues.
Number of North Sea reverse takeover candidates has ‘diminished significantly’
The number of public listed North Sea operators that could be a suitable fit for a reverse takeover have “diminished significantly”, according to an industry experty.
Amazon Prime creating supernatural thriller series set on North Sea oil rig
Amazon Prime is creating a supernatural thriller TV series set on a remote oil rig in the North Sea.
BP nears sale of London headquarters after £235million offer
BP is nearing the sale of its London headquarters to a firm controlled by Thomas Lau, brother of Hong Kong property billionaire Joseph Lau.
Sturgeon says climate emergency, not Covid, remains world’s ‘greatest long-term challenge’
Nicola Sturgeon has warned that climate change, not Covid, remains the “greatest long-term challenge” facing the world ahead of a key international summit in Glasgow next year.
No change without the oil industry
In the UK and particularly in Scotland the oil and gas industry remains a major employer. It is also one of the very few providers of high value, high skilled jobs we have left and still offers a wide range of opportunities.
ConocoPhillips loses $450m in third quarter
ConocoPhillips lost $450 million in the third quarter as low crude prices and reduced production during the coronavirus pandemic continued to take a toll on the company's bottom line.