Why the ‘friendless’ oil industry needs to reframe the debate for exploration and production
Reframing the debate: why we should be talking about how to improve exploration and production
oil and gas
BP, Wood, Subsea 7 among new additions to gender diversity coalition
Energy firms BP, Wood and Subsea 7 are among six new companies joining a coalition to improve gender diversity and inclusion across the industry.
BP lifts veil of secrecy on Big Oil trading profits
BP Plc offered a glimpse of the profitability of its huge and secretive trading arm, suggesting it makes annual returns of as much as $2.5 billion.
EU Warns that ties with Turkey are at a ‘watershed moment’
European Union foreign-policy chief Josep Borrell said EU relations with Turkey are at a crossroads as the bloc presses Ankara to halt controversial energy exploration in the eastern Mediterranean.
Energy bankruptcies up 62 percent from last year in North America
More oil and gas companies are expected to file for bankruptcy this year as the coronavirus pandemic continues to depress energy demand.
Video: Babcock carries out search and rescue training off Aberdeen
Babcock Aviaiton has released a video of a search and rescue (SAR) training operation off the coast of Aberdeen.
North Sea net zero transition will cost £430billion, says OGTC – Wood Mackenzie report
Positioning the UK North Sea for a net zero future will cost more than £430billion, according to a new report from the Oil and Gas Technology Centre (OGTC) and consultancy Wood Mackenzie.
Petrofac wins ‘multi-million dollar’ North Sea contract with Ithaca Energy
Petrofac has announced the award of a “multi-million dollar” North Sea contract from Ithaca Energy.
Peak Oil: BP, Eni, Shell lead Big Oil’s search for new business model
For most of the past century, Big Oil executives found it pretty easy to explain to investors how their businesses worked. Just locate more of the commodities that everyone needed, extract and process them as cheaply as possible, and watch the profits flow.
Contractor down-plays ‘dangerous’ Buchan Alpha incident
A contractor has downplayed an incident which took place during work to dismantle what’s left of the Buchan Alpha oil rig after footage appeared online.
Premier Oil Tolmount platform heads for North Sea – video
Premier Oil has released images of the Tolmount platform and jacket setting off for the UK North Sea.
Oil set for first back-to-back weekly losses since April’s rout
Oil headed for its first back-to-back weekly losses since April’s price rout, driven by a sharp slump in risk sentiment earlier in the week and a patchy demand recovery.
ROV finds Nazi warship torpedoed by British sub off Norway 80 years ago
A subsea cable inspection has uncovered a long-lost Nazi warship, attacked by a British submarine off Norway 80 years ago.
KCA Deutag plans restructure to wipe out more than £1billion of debt
KCA Deutag is working on a restructuring deal with creditors to wipe off more than £1billion of debt.
Oil pares losses with stronger equities offsetting supply fears
Oil recovered some of its losses with a rally in equities providing support to prices even as industry data pointed to a surprise increase in American crude stockpiles.
North Sea decommissioning ‘twice the cost’ of SE Asia, Rystad claims
Rystad Energy has argued that decommissioning an oil platform in the North Sea is “twice the cost” of the same job in South East Asia.
Warning of ‘imminent’ consultations on North Sea job losses as UK furlough nears end
A union and an employment law specialist have warned of "imminent" consultations on North Sea job losses as the UK Government furlough scheme comes to an end next month.
Odfjell redundancy deal should be ‘benchmark’ for North Sea, says union boss
A redundancy deal for the crew of an Odfjell Drilling rig should be the “benchmark” for the North Sea, according to a union boss.
Balmoral Group targets turnover growth for 40th year in business
Energy Voice: “I suspect I’m making an error in even asking the question…”
ExxonMobil announces Redtail oil discovery offshore Guyana
ExxonMobil has announced another oil discovery off the coast of drilling hotspot Guyana, at its Redtail well.
BP to help Aberdeen, Europe’s oil and gas capital, go net zero
BP has offered its services to help Aberdeen, the oil and gas capital of Europe, go net zero.
Offshore drilling firms should re-think ‘primitive’ day rate model, says BCG
Offshore drilling firms should re-think the “primitive” day-rate business model in order to survive the current industry crisis, according to new analysis from Boston Consulting Group (BCG).
Oil falls, deepening weekly loss as the dollar gains
Oil fell to near $41 a barrel as U.S. jobs figures beat expectations, lifting the dollar, and crude was headed for a weekly drop as demand concerns cloud the market outlook.
New OPITO initiative launched to help seafarers make move into oil and gas
Global skills organisation OPITO has launched a new initiative to help seafarers make a move into the oil and gas industry.
Shell Brent legs: Decom decision ‘postponed’ for giant structures
A decision on whether Shell will be allowed to keep the giant legs of the Brent field in the North Sea forever has been “postponed”.