Offshore project approvals in 2019 to ‘eclipse’ pre-downturn levels
Offshore project sanctioning could soon “eclipse” levels seen in 2014 before the oil downturn, according to new research.
oil and gas
Petrofac celebrates production start of ‘megaproject’ in Oman
Petrofac has celebrated the start-up of a major oil and gas production facility in Oman.
Bankers question whether Saudi Aramco IPO will be worth the effort
When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action. Three years on, they’re questioning whether what could be the world’s biggest IPO is worth their time and effort.
Duguid exits the hotseat at EnerMech
EnerMech chief executive Doug Duguid is giving up the hotseat at the company he helped found more than a decade ago.
EnerMech appoints new chief executive
Aberdeen-headquartered energy services firm EnerMech has appointed John Guy as its new chief executive.
Opex Group on the charge with new city centre HQ
Aberdeen-based Operational Excellence (OPEX) Group has moved into new West End headquarters after a jump in customers and headcount.
£4m up for grabs for Scottish decommissioning projects
Funding worth £4 million is up for grabs in a fresh attempt to boost Scotland’s share of North Sea decommissioning work.
Turkey scoffs at EU sanctions and vows to keep drilling off Cyprus
Turkey rebuffed a set of punitive measures by the European Union and vowed to go ahead with its energy exploration in the eastern Mediterranean in a growing dispute with EU member Cyprus.
US oil executive gets 18 years in prison for defrauding investors
A Houston oil executive was sentenced to state prison for defrauding investors who thought they were paying for the drilling and testing of wells -- but instead paid the executive's mortgage.
Draft plans for IR35 contractor changes raise concern for North Sea talent pool
Concern has been raised over the cost to businesses and the potential shrinking of the North Sea workforce over plans to change contractor pay rules.
Hurricane Energy spuds Lincoln Crestal in West of Shetland
Hurricane Energy has started drilling its Lincoln Crestal well in the West of Shetland.
‘Lack of experience and fatigue’ contributed to collapse of Aberdeen helicopter’s landing gear
Investigators have said engineers’ “lack of experience and fatigue” contributed to the collapse of a North Sea helicopter's landing gear.
Hurricane Energy insists West of Shetland dud has no negative impact on other prospects
Hurricane Energy has insisted its recent disappointment at Warwick Deep has “no negative read-across” to its other West of Shetland discoveries.
UK navy intervenes after Iran tries to stop BP oil tanker
The British navy intervened to stop Iran from blocking a commercial oil tanker leaving the Persian Gulf, heightening friction just as European nations scramble to salvage a landmark nuclear accord with the Islamic Republic.
North Sea deals help boost turnover for Pinsent Masons
International law firm Pinsent Masons said yesterday it notched up turnover growth of 7% to £482 million during its 2018-19 trading year.
Ineos expects full repair of Forties pipeline ‘today’
Ineos has announced it expects to complete repairs to the Forties pipeline system today.
Heerema prepares world’s largest crane vessel for maiden voyage
Dutch contractor Heerema is preparing its massive new crane vessel Sleipnir for its first ever voyage.
nSYS Services wins new contracts worth £500K in 2019
Fintech firm nSYS Services, of Aberdeen, said yesterday it had secured new contracts worth £500,000 during the first half of 2019.
Aberdeen-based OEG Offshore enjoying growth in the Caspian
Offshore container and module manufacturer OEG Offshore, of Aberdeen, said yesterday it was enjoying further growth in the Caspian region.
BP, Shell and Chevron evacuate workers from Gulf of Mexico platforms
The top Big Oil operators in the Gulf of Mexico said Tuesday they are evacuating workers from most of their deepwater platforms in response to this hurricane season's first looming disturbance in the area.
‘Major victory’ as strikes averted at St Fergus gas plant
Strikes have been averted at a major gas terminal in Aberdeenshire after discussions “allayed” workers’ fears on health and safety.
Shell CEO joins global commission on energy efficiency
Shell CEO Ben van Beurden has been unveiled as part of a global commission to help global progress on energy efficiency.
Aramco awards $18billion in deals for work at oil fields
Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and its OPEC partners restrict production.
Subsea vessel owners will continue wait for market pickup, says Clarksons Platou
The wait for a “significant pick up” in the North Sea’s subsea vessel market is likely to continue until 2021, according to a leading shipbroking firm.
Oil and gas firms gear up for Gold Awards
One talented apprentice and an outstanding oil and gas employee will take home two of the most coveted awards in the industry at a glitzy ceremony later this year.