Turkey announces major gas discovery
President Recep Tayyip Erdogan has announced the discovery of the largest ever gas find in Turkey off the Black Sea coast.
oil and gas
Hurricane Energy appoints new CEO
Hurricane Energy has appointed a new CEO as a permanent replacement to founder Robert Trice who exited in June.
Greta Thunberg and activists meet Merkel to demand climate action
Young activists including Swedish teenager Greta Thunberg have met German Chancellor Angela Merkel to press their demands for tougher action to curb climate change.
Shell explores sale of a Norwegian natural gas business
Royal Dutch Shell Plc is in talks to sell its Norwegian natural gas supplier Gasnor, according to people familiar with the matter, as the energy major continues to selectively dispose of assets.
Boskalis sinks on £133m oil and gas write-down
Boskalis sank into the red for the first half of 2020 due in part to a £133m write-down of its oil and gas assets.
Aberdeen reaffirms links with Guyana as country prepares to make ‘great strides’ in oil and gas post-election
Scores of oil and gas representatives met virtually yesterday to discuss the opportunities available to supply chain companies in post-election Guyana.
Understanding how crude oil and currency prices are connected
Oil, as the world's most heavily-traded natural resource and the bedrock foundation of some of the planet's largest economies, has always had a strong impact on virtually every area of economics and finance. The global oil trade is estimated to be worth something in the region of around $4 trillion a year in revenues, or about 3.8% of global GDP.
Halliburton bringing cloud-based tech to offshore rigs in Thailand
Houston oil field service company Halliburton landed a contract to add cloud computing technology that will improve production at offshore rigs in Thailand.
Wood CEO predicts ‘turbulence’ ahead for key markets
The boss of Wood expects more “turbulence” ahead for markets served by the global engineering and consultancy.
Up to 15% of UK North Sea platforms could be reused for CCS, analysts estimate
Up to 15% of UK North Sea platforms could be reused for Carbon Capture and Storage (CCS) technology, according to new analysis from Boston Consulting Group (BCG).
ONS mulls next steps as potential lawsuit beckons over cancelled Norway conference
Organisers of the ONS conference in Norway are mulling their next steps as exhibitors demand refunds for the cancelled event.
Ithaca Energy in ‘offshore first’ as platform goes 100% green
Ithaca Energy has celebrated an “offshore first” as one of its North Sea platforms has become 100% powered by renewable energy.
Singing and sweets: Covid-19 career changes for former oil sector workers
Going to the supermarket has never been a favourite activity – and particularly during a pandemic.
Perenco UK falls to £113million pre-Covid losses, aims to reduce £1.5bn decom bill
Perenco UK fell to losses of £113.2million for the period prior to the outbreak of the Covid-19 pandemic.
Greenpeace claims to find North Sea methane leak that’s been active for 30 years
Environmental activists claim to have found a methane leak in the North Sea that was caused a “blow-out” during drilling operations 30 years ago.
Venezuela’s fuel shortage set to get worse after refinery halted
Venezuela’s fuel crisis is poised to deteriorate even further after one of its biggest refineries was halted over the weekend following a nearby oil spill.
Iran briefly seizes oil tanker near Strait of Hormuz, says US
The Iranian navy has boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the US, an American military official said.
NHV accuses Babcock of ‘race to the bottom’ over Total contract win
The chief executive of NHV has accused rival helicopter operator Babcock of engaging in a “race to the bottom” after a pair of North Sea contracts with Total changed hands.
Bilfinger reveals more than 2,500 job cuts since start of 2020
Bilfinger has revealed it has shed nearly 2,600 jobs globally since the start of 2020.
Diamond Offshore warned over spread of ‘asbestos debris’ on North Sea rig
Diamond Offshore has received a warning from the safety regulator after “asbestos debris” was spread on a North Sea rig.
Shell delivers new seismic data on Deltic-partnered Pensacola
Shell has delivered new seismic data on the Pensacola prospect in the North Sea, with partner Deltic Energy claiming it is “highly analogous” to a discovery which struck oil last year.
North Sea ‘cannot afford bad practices’ in supply chain, warns Petrofac boss
A UK boss of Petrofac has warned the North Sea supply chain “cannot afford for bad practices to creep in during this moment of crisis".
Awilco Drilling sinks to £10.6m losses amid disputes with rig builder and HMRC
Awilco Drilling has sunk to losses of £10.6million in the first half of 2020 amid separate disputes with rig builder Keppel Fels and HMRC.
Petrofac expects ‘bounce back’ for UK work in 2021
Petrofac is expecting areas of its business to “bounce back” in 2021, according to a UK boss, as it handles the effects of Covid-19.
BP worker sacked over Hitler meme wins more than £100,000 in compensation
A BP worker who was sacked for mocking management using a meme of Hitler has won a compensation claim for nearly £110,000.