Subsea Expo: Aberdeen showcase celebrates record attendance
Subsea Expo has celebrated its largest attendance on record after wrapping up the three-day event in Aberdeen.
oil and gas
EY review: Oil and gas deal values take dive
Global oil and gas overall deal volume and deal value was down 17.7% and 10.8% respectively in 2019, as stagnant commodity prices, disappointing results and low returns left the industry searching for capital.
Mozambique shows off Rovuma’s £42bn investment in bid to attract North Sea suppliers
Officials from Mozambique have showcased the level of investment in the prolific Rovuma basin in a bid to attract the expertise of North Sea companies to its supply chain.
Petrobras looks to North Sea to decommission ‘former cash cow’ Campos Basin
Petrobras has set out the opportunity for UK firms to help decommission assets from its former “cash cow” Campos basin.
Norway’s NPD recovers ‘most of’ £1.5million stolen by fraudsters
Norway’s oil and gas regulator has recovered “most of” a £1.5million sum stolen last year by fraudsters.
Stats Group looks to North star for new chief operating officer
Aberdeenshire-headquartered Stats group has appointed a 40-year engineering veteran as its new chief operating officer.
North Sea safety specialist speaks of MND diagnosis
A leading North Sea safety specialist has spoken out on his battle with Motor Neurone Disease (MND) and his hopes to raise awareness of the terminal illness.
Diamond Offshore wins £39million North Sea rig extension with Apache
Diamond Offshore has announced a £39million extension with Apache in the UK North Sea as part of £480million in new work secured in 2019.
DNO takes £112million hit on newly-bought North Sea fields
DNO, which took over Aberdeen-based Faroe Petroleum last year, has taken £112million of impairments costs related to its newly-acquired fields in the North Sea.
Saipem wins work for EnQuest’s Thistle platform as part of £386m string of deals
Italian engineering services firm Saipem has been contracted to carry out work on EnQuest’s stricken Thistle platform in the UK North Sea.
North Sea newcomer Longboat Energy eyeing ‘a number’ of acquisition targets
A new North Sea firm, created by the former bosses of Faroe Petroleum, has announced it is evaluating "a number" of potential acquisition targets.
‘We need to get the numbers up’ – CEO on Maersk Drilling’s gender disparity
The chief executive of Maersk Drilling has said they “need to get the numbers up” after new figures laid bare the level of gender disparity within the firm.
BP energy transition boss teases ‘more to follow’ on eve of Bernard Looney’s coronation
A BP boss in charge of energy transition efforts has teased “more to follow” on the eve of Bernard Looney’s coronation as chief executive.
Serica Energy can withstand ‘little setback’ of North Sea shutdowns, says CEO
Serica Energy’s boss has said the firm is “well equipped” to withstand the two-month shutdown of its main producing assets in the UK North Sea.
Shell CEO sees ‘no reason’ to change North Sea investment despite climate protests
The boss of energy giant Shell has said he sees “no reason” to change its investment plans for the North Sea, despite a number of climate protests against the UK oil and gas business.
Shell sees 36% drop in earnings on weaker oil, gas and LNG prices
Energy giant Shell has seen earnings drop by a third in the last year on lower prices for oil, gas and LNG.
‘Knee-jerk reaction’ from investors led to Hurricane Energy’s 20% share price slide
A “knee-jerk” reaction from investors to a combination of factors including recent results, Brexit and the coronavirus have been blamed for a 20% slide in Hurricane Energy’s share price.
Exclusive: Figures show ‘resurgence’ for oil and gas university courses in Aberdeen following downturn
University chiefs have hailed a “resurgence” in applications to oil and gas courses in Aberdeen following a sharp drop during the downturn.
Hurricane Energy ‘not aware of any operational reasons’ for 20% drop in share price
Hurricane Energy has insisted it is “not aware of any subsurface, operational or commercial reasons” for a steep decline in its share price in the last week.
UK North Sea needs wind powered oil and gas platforms ‘as soon as possible’, Wheelhouse says
The UK needs to see floating wind projects power North Sea oil and gas installations “as soon as possible”, according to Scotland’s energy minister.
Outgoing BP CEO warns of moving too fast on climate change
BP Plc’s outgoing Chief Executive Officer Bob Dudley warned Big Oil of moving too fast on investing in new technologies to counter climate change, because their failure could lead to financial ruin.
ExxonMobil increases Guyana estimates by two billion barrels, makes another discovery
ExxonMobil has increased its estimated recoverable resources in Guyana by two billion barrels after a hot streak of discoveries at the prolific Stabroek block.
Integrity XL looks to double workforce
Technology and engineering firm Integrity XL, of Blackburn, near Aberdeen, said yesterday it was poised to double the size of its workforce after investing £1 million in two new liquid nitrogen pumps.
Bristow to merge with rival helicopter firm Era following Chapter 11 bankruptcy
Helicopter operator Bristow has announced plans to merge with US rival Era, three months after emerging from Chapter 11 bankruptcy.
BP’s Bernard Looney joins ‘Insta’
It’s apparently not the traditional approach for the top dogs of major oil companies, but maybe it’s time to break the mould.