£140m investment extends life of Spirit Energy’s Chestnut field
A fresh investment of £140million has once again extended the life of a North Sea oil field, safeguarding 70 jobs in the process.
oil and gas
BP facing charge of up to £2.3bn in third quarter as divestments speed up
BP is facing a charge of between $2bn and $3bn (£2.3bn) in the third quarter as its divestment programme will conclude sooner than expected.
North-east’s oil and gas dependence can solve net zero ‘conundrum’ – consultant
Damning figures showing the north-east’s dependence on oil and gas could actually be the answer to the net zero “conundrum”, according to a top energy consultant.
Oil and gas support services bring £2.2bn to Scotland’s marine economy
New figures show support services for the oil and gas industry are leading Scotland's marine economy.
Tekmar announces £6.5million acquisition of Pipeshield International
Tekmar Group has signed a deal to buy fellow subsea technology firm Pipeshield International for £6.5million.
Scotland-Japan partnership invests £21m for next wave of subsea challenges
A partnership between Scotland and Japan will inject £21m into six projects designed to tackle the next wave of challenges in the subsea industry.
Greenpeace activists target Shell and BP at ‘Oil and Money’ conference
Climate activists halted an awards ceremony involving the chief executives of oil majors BP and Shell at a major industry conference last night.
Total E&P UK swings to profit after ending West of Shetland impairments
Total E&P UK swung to a £525.4million pre-tax profit last year with higher oil prices and an end to impairments in the west of Shetland.
CNR International UK narrows losses amid boost in oil price
Canadian Natural Resources International UK (CNRI UK) narrowed its losses last year amid higher oil and gas prices.
Sparrows Group hails renewables drive in ‘another year of stability and growth’
Sparrows Offshore Group has reported a boost for renewable energy in “another year of stability and growth”.
Bristow to re-emerge from Chapter 11 bankruptcy this month
Beleaguered helicopter operator Bristow has gained approval for a restructuring deal which will inject £444million into the company and pull it out of bankruptcy.
Buzzard oil field shut down for repairs
The North Sea’s largest-producing oil field has been shut down after a defect was found during an inspection.
Doug Duguid returns as EnerMech CEO
EnerMech co-founder Doug Duguid has returned as chief executive of the firm after the incumbent boss had to step down.
Aberdeen software firm toasts 30% growth after completing Oceaneering project
An Aberdeen software developer is toasting business growth of 30% after completing a major project for Oceaneering.
Ferry, fishing and oil and gas activities help Scrabster Harbour reach record profits
Scrabster Harbour Trust has reported another successful trading year with record revenues and profits being achieved for the fifth consecutive year.
BP chief executive Bob Dudley to step down next year
BP boss Bob Dudley is planning to step down next year following a decade at the helm of the energy giant.
Houston firm Classic Energy fined $1.5m for illegal trades
A Houston energy investment firm has been fined $1.5 million by the U.S. Commodity Futures Trading Commission for trading against its own customers.
Chrysaor targeting Talbot project sanction next year
Chrysaor has confirmed it is hoping to sanction a new North Sea project next year.
North Sea rota changes ‘top of the list’ for Chrysaor
Changes to offshore rotas are “top of the list” for new workers coming into the business from ConocoPhillips, according to Chrysaor’s chief executive.
Chrysaor completes £2billion purchase of ConocoPhillips’ North Sea assets
Chrysaor has announced the completion of its mammoth £2billion purchase of ConocoPhillips’ North Sea assets.
Ashtead Technology still on the acquisition trail
Global subsea equipment specialist Ashtead Technology is still on the acquisition trail after a flurry of deals since it changed hands three years ago.
Survivex course aims to tackle ‘deadly legacy’ of asbestos
Offshore training firm Survivex has launched a new course which aims to tackle the “deadly legacy” of asbestos.
New firm Petrodec carrying out UK decommissioning work for Perenco
A new decommissioning specialist has been set up which is carrying out work for North Sea operator Perenco in the UK.
Hydro Group hails defence contracts while subsea has ‘long, hard slog’ ahead
Hydro Group has hailed growth thanks to work in the defence sector but said the subsea industry it operates in still has a “long, hard slog” ahead.
Firm loses £25m legal battle over Nigg Energy Park redevelopment
A firm which claimed the government acted unlawfully in giving taxpayers money to a competitor has lost its £25 million legal action in Scotland’s highest civil court.