Optimus founder steps back as CEO of Aberdeen engineering group
The founder of Aberdeen-based engineering group Optimus is stepping back as chief executive as the firm moves into its third decade in business.
oil and gas
Australian-firm Oilex records pre-tax losses of $4.5m
Oilex has said it will continue to “review business opportunities” in high potential areas despite taking a financial hit due to the Covid-19 pandemic.
Oil holds decline with demand recovery concerns rising
Oil held its decline near $39 a barrel in New York, heading for the first monthly loss since April, as the world’s biggest trading houses signaled a meaningful recovery in demand is some way off.
Updated: Aberdeen MP says Shell job cuts uncertainty ‘deeply regrettable’
An Aberdeen MP has said uncertainty from Shell is "deeply regrettable" as it plans up to 9,000 job cuts.
Shell plans up to 9,000 job cuts worldwide
Shell has announced plans for between 7,000 – 9,000 job cuts from its global workforce by the end of 2022.
Equinor makes oil and gas discovery in Norwegian North Sea
Equinor has made a North Sea oil and gas discovery that could hold up to as much as 38 million barrels of oil equivalent.
Exclusive: ‘World first’ floating green hydrogen project coming to Aberdeen
Aberdeen has been selected as the home for the “world’s first” offshore floating facility to produce green hydrogen.
Jim Ratcliffe, Ineos majority owner and UK’s richest person, moves to Monaco
It’s official: Jim Ratcliffe, the UK's richest person and majority owner of chemicals giant Ineos, is now a Monaco resident.
Concept of ‘good faith’ could be increasingly important in oil and gas contracts
Oil and gas operators may have to be increasingly aware of the legal concept of "good faith" when drawing up future contracts, according to one of the UK’s foremost legal experts.
CNOOC seeks buyers for Scott platform in UK North Sea: Report
CNOOC is looking for buyers for its Scott platform and associated oilfields in the UK North Sea, according to Reuters.
Remembering Ocean Odyssey
The blowout on the Ocean Odyssey exploration rig in 1988 is often overshadowed by Piper Alpha but is a significant event in oil & gas history.Derek Beddows, Archer Knight’s Director of Diving and Safety Services, recalls his time as part of the response, and the pioneering work which went into capping the well, 32 years ago this week.
BP ‘won’t rule out’ further North Sea oil exploration despite 40% production cut pledge
BP has said it "will not rule out further exploration at all" in the North Sea, despite a pledge to cut global oil production by 40% within the decade.
OGA defends BP-Aberdeen scheme against ‘PR Coup’ accusation
The Oil and Gas Authority (OGA) has defended the BP – Aberdeen net zero partnership against a claim it may be a “PR coup”.
Petronas seeks investors to revive Malaysian upstream as majors exit
After reporting a $5 billion loss, Malaysian national oil company (NOC) Petronas is eager to see new money flow into its domestic upstream sector, especially as the majors, such as ExxonMobil, seek to exit the Southeast Asian nation.
Offshore rigs need scrapped to end industry’s ‘bankruptcy nightmare’ – Bassoe
Scrapping of offshore oil rigs needs to be significantly ramped up in order to end the “bankruptcy nightmare” of their owners, according to Bassoe Offshore.
Major project delays are ‘fair warning’ to those seeking greater oil exposure for Shetland
Energy Voice recently reported on Shetland Islands Council's ambitions to retain more tax revenue from oil and gas operations around the isles in its self-determination bid. Jon Fitzpatrick, managing director of consultancy Gneiss Energy, gives his view.
Ineos picks firm date for rescheduled Forties Pipeline System shutdown
Ineos has set a firm date of May 27, 2021 for the rescheduled shutdown of the Forties Pipeline System (FPS).
Shetland eyes ‘more of that tax take’ from oil revenues in self-determination bid
The leader of Shetland Islands Council has said the region wants “to retain more of that tax take” from oil and gas revenues in its self-determination bid.
Ocean Installer appoints veteran Gillespie as new UK boss
Ocean Installer has appointed industry veteran Bob Gillespie as its new UK managing director.
Maersk Drilling sets ‘industry leading’ target to slash emissions by 50% by 2030
Maersk Drilling has set a new target to cut emissions from its operations by 50% within the decade.
Malin Sentinel arrives in Aberdeen after 11,500-mile voyage from China
Malin Sentinel, a new emergency response ship for the North Sea, has arrived in Aberdeen Harbour after completing a mammoth 11,500-mile maiden voyage from China.
Making redundancies after Covid-19
With the tapering of the Government’s Coronavirus Job Retention Scheme (CJRS) now in full swing, it is crucial for businesses to keep a close eye on headcount.
Bristow appoints new chief financial officer
Bristow Group has appointed a new chief financial officer after a merger with rival Era and re-emerging from Chapter 11 bankruptcy.
Proserv opens new facilities in Scotland and Abu Dhabi after ‘seven figure’ investment
North-east energy services firm Proserv Controls said yesterday it had opened new facilities in Cumbernauld and Abu Dhabi after a “seven figure” investment.
Aberdein Considine: What is flexible furlough and how to use it in your business
The Coronavirus Jobs Retention Scheme (CJRS) has been a lifeline for businesses up and down the country.