Shell questioned over Brent Bravo ‘attic oil’ removal
Work is being carried out to remove “attic oil” from the Brent Bravo installation - which has been the subject of widespread environmental concerns - after Shell estimated none was there.
oil and gas
Covid breakout on Taqa Brae platforms sees 18 workers flown ashore
Eighteen offshore workers have been removed from the Taqa Brae platforms after several positive Covid-19 cases.
Borr Drilling appoints CFO who was replaced amid Weatherford bankruptcy
Borr Drilling has appointed a new CFO who was replaced by Weatherford last year as the oil services giant underwent bankruptcy.
Four big takeaways from the IEA World Energy Outlook report
Once a year, the International Energy Agency attempts to impose some order on the chaotic world of oil, gas, power and carbon by publishing detailed scenarios on how the next few decades might unfold.
Babcock begins Total helicopter contract after rivals criticised ‘unsustainable pricing’
Babcock has started a North Sea helicopter contract with Total which rival CHC criticised as “unsustainable pricing”.
Oil demand could be ‘pushed back to pre-crisis levels’ without policy change, warns IEA
The International Energy Agency (IEA) has warned that oil demand could be pushed back to pre-crisis levels without significant policy changes.
Oil slides below $40 with supply disruptions subsiding
Oil accelerated losses with workers in the U.S. Gulf heading back following Hurricane Delta’s landfall and Libya taking a major step toward reopening its biggest field.
Neptune Energy adopts new cloud based digital system for drilling and wells, aims to save $20m
Neptune Energy has announced plans to adopt new cloud based technologies in an effort to improve efficiency and significantly reduce non-productive time.
KCA Deutag wins £115million contract extensions in Oman
Aberdeen-headquartered KCA Deutag has announced the award of contract extensions worth more than $150m (£115million) in Oman.
Private-equity backer’s exit options the same as they’ve always been, Zennor boss says
Zennor Petroleum’s boss has said the private-equity-backed oil and gas company is “sitting comfortably” in spite of the Covid-19 pandemic and commodity price drop.
Petrofac finds new CEO in former Shell VP Sami Iskander, Asfari to retire
Petrofac has found its new CEO in former Shell vice president Sami Iskander, as long-term boss Ayman Asfari announces his plans to retire.
Oil and gas chiefs recognised in Queen’s Birthday Honours
Two oil and gas chiefs have been recognised for their contributions to industry in the Queen’s Birthday 2020 Honours List.
Premier Oil hails arrival of Tolmount platform in North Sea, kicks off installation
Premier Oil has hailed the arrival of its Tolmount platform in the North Sea and kicked off installation work.
Investors going ‘bargain hunting’ for BP and Shell shares
Investors are going “bargain hunting” for shares in Shell and BP after their stock values each hit 25-year lows.
Former Unaoil boss jailed for bribes to win $1.7bn contracts in war-torn Iraq
A former Unaoil executive has been jailed for more than three years for paying bribes to win $1.7bn of contracts in post-occupation Iraq.
Less than half of global green hydrogen pipeline to be operational by 2035 – Rystad
Biting costs mean less than half of the planned pipeline of green hydrogen projects globally is likely to be up and running by 2035, according to Rystad Energy.
BP CEO denies ‘greenwashing with a new brush’ by linking job cuts to energy transition
The CEO of BP has denied claims that linking job cuts to the energy transition is "greenwashing with a new brush".
Entier boss: Policymakers ‘don’t feel our pain’ on redundancies
The chief executive of offshore catering firm Entier has said policymakers “don’t feel our pain” on having to make redundancies amid the current economic crisis.
‘It was the real opening of the North Sea scramble’ – former BP chief executive Lord Browne reflects on Forties discovery 50 years on
There are few better to reflect on the vast opportunities and challenges presented by the discovery of the Forties Field half a century ago than Lord John Browne.
Lloyds Register Energy division sold to create ‘new company’, 650 workers to transfer
Lloyds Register has sold its Energy division in a move that will see the creation of a new company and transfer of its 650 workers globally.
Dolphyn hydrogen project shows energy transition ‘in real time’ for Aberdeen
When developer ERM decided Aberdeen would be the home for Dolphyn, its world-first floating green hydrogen project, it said “it will put Aberdeen on the map”.
Oil climbs with Hurricane Delta heading toward US Gulf
Oil advanced to the highest in two weeks as Hurricane Delta heads toward the energy-producing Gulf of Mexico region.
Most US oil job losses in pandemic to remain
Almost three-quarters of the pandemic-driven jobs losses in the U.S. petroleum and chemical sectors may not come back before the end of next year, according to Deloitte LLP.
Updated: Weir Group strikes deal to sell oil and gas division to Caterpillar
Scottish engineering firm Weir Group has struck a deal to sell its oil and gas division to US construction machinery and equipment giant Caterpillar for £314 million.
IR35 delay hopes ‘fanciful’ warn employment experts
Employment experts have warned that hopes of a further IR35 delay are “fanciful”, despite months more of Covid lockdown measures coming.