TechnipFMC to cut around 60 Fife jobs in ‘hammer blow’ for workers
TechnipFMC plans to cut around 60 jobs in Fife after the price of oil and gas plummeted.
oil and gas
North Sea operators still hungry for high risk, high impact exploration – Westwood
North Sea operators still have the “appetite” for high impact exploration over the coming 12-18 months, according to Westwood Global Energy Group, despite low success rates.
MPs block further delay to IR35 tax rules
MPs have blocked a move to delay the introduction of IR35 tax rules to the private sector until 2023.
Neptune Energy awards Fugro multi-million pound Cygnus inspection contract
Neptune Energy has awarded a subsea inspection contract, understood to be worth around £2million, to Fugro at its Cygnus gas field.
Climate scientist clashes with OGTC boss on ‘no scope’ for oil and gas
A leading climate scientist has clashed with the head of the Oil and Gas Technology Centre (OGTC) on his view there is “no scope” for fossil fuels if the world is to meet climate goals.
EnQuest Producer FPSO due for September sail-away as Alma-Galia end production
EnQuest has announced it has officially ceased production at a pair of North Sea fields, with its FPSO due to sail away in September.
Centrifuges Un-limited boosts headcount to target Norwegian growth
Centrifuges Un-Limited, the Aberdeen-headquartered oilfield services firm, is increasing its headcount as it targets growth in Norway.
Shell warns of Covid-19 impairments of up to £17.8billion
Shell has warned it will take impairments of up to £17.8billon ahead of its second quarter results due to the impact of the Covid-19 pandemic.
Ithaca Energy to shed 25% of onshore employees as it sinks to £944million loss
Ithaca Energy plans to shed a quarter of its onshore workforce after sinking to a £944m pre-tax loss amid the "historic collapse" of oil and gas prices.
Energy transition investment will be ‘propelled’ by Covid-19 says oil and gas lawyer
A leading oil and gas lawyer has added his voice to predictions that Covid-19 will drive a spike in energy transition investments.
Repsol Sinopec to decommission Balmoral-related fields
Repsol Sinopec Resources UK (RSRUK) has confirmed it will decommission a pair of North Sea fields after Premier Oil called time on its Balmoral Area.
Serica Energy announces maiden dividend despite Covid-19
Serica Energy has announced its maiden dividend to “reward shareholders” despite the challenges of Covid-19.
Xergy appoints chief technical officer for oil and gas ‘gig economy’ tool
Xergy has appointed a new chief technology officer to oversee Proteus, its new resourcing tool aimed at acquiring a large chunk of the oil and gas sector's "gig economy" market.
Brent Alpha arrives at Able UK port for dismantling
Brent Alpha, the huge Shell-operated North Sea platform, has arrived at a UK yard for dismantling.
Shetland Energy Hub aims for hundreds of jobs and to make giant oilfields ‘net zero by 2030’
Ambitious plans for a new Energy Hub have been unveiled with hopes for hundreds of jobs and to make giant oil and gas fields in the West of Shetland "net zero by 2030”.
Oil operators ‘much more likely’ to break contacts or change suppliers, Calash survey finds
Oil and gas operators are “much more likely” to break contracts, change suppliers or alter prices than service firms in response to the downturn, according to a new study.
Premier Oil decides to end production early at Balmoral Area
Premier Oil has decided to end production at its Balmoral Area earlier than expected due to the Covid-19 pandemic and global downturn.
Brent Alpha platform removed by Pioneering Spirit vessel
The Brent Alpha platform has become the third installation to be removed from Shell’s famous North Sea field.
Chrysaor cuts spending plans by 30% as Covid delays North Sea hub projects
Chrysaor, the North Sea's largest net producer, has cut spending plans by 30% in response to the Covid-19 pandemic, bringing delays to growth projects.
Weak gas prices dent profits at North Sea’s new top dog Chrysaor
Weak gas prices saw profits slip at Chrysaor last year, who recently became the largest net producer in the UK North Sea.
Neptune Energy to cut 400 jobs from global workforce
Private equity-backed operator Neptune Energy has announced proposals to cut 400 jobs globally, representing around a fifth of its workforce.
Oil to resume weekly gains with demand recovery on track
Oil was poised to resume a run of weekly gains on signs consumption is picking up as economies emerge from lockdowns, despite many countries still struggling to bring the coronavirus under control.
GALLERY: Petrodec completes skidding operation for Perenco’s Pickerill platform
Decommissioning specialist Petrodechas completed a skidding operation to remove the Perenco-operated Pickerill A platform in the North Sea.
Cnooc appoints new North Sea managing director
Chinese oil firm Cnooc has appointed a new managing director to lead its North Sea business in Aberdeen.
‘Heartbreak’ as new figures suggest North Sea job cuts rising faster than expected
More than 4,500 “heartbreaking” North Sea job losses have already taken place in the wake of the Covid-19 outbreak and oil price rout, it is understood.