New additions to Oceaneering’s fleet
Following the drastic slowdown in the rate of new-build ship deliveries to the offshore oil and gas industry worldwide, it is good to be able to report on the latest addition to Oceaneering’s fleet.
oil and gas
Lyon result a ‘huge disappointment’ for Siccar Point and Ineos – analysis
An analyst has classed the results of the Lyon exploration well West of Shetland as a “huge disappointment” for operator Siccar Point and partner Ineos.
UK’s safety regulator appoints new chief executive
The UK's safety regulator has announced the appointment of a new CEO.
Red Rooster flying high after £200K boost to sales
An Aberdeenshire offshore lifting equipment firm is flying high after securing a boost of nearly £200,000 to sales in 2018.
Fairfield shaves £31m off Dunlin decommissioning costs
Fairfield Energy has cut £31million from the total bill to decommission the Greater Dunlin Area in the North Sea.
Baker Hughes GE enters into deal to boost oil field artificial intelligence
Oilfield service company Baker Hughes GE (BHGE) has entered into a deal to boost artificial intelligence in the oil and natural gas industry.
The era of oil and gas digitalisation is upon us – Woodmac
The oil and gas sector is sharpening its digital game. The downturn was a wake-up call. It forced companies to be more resilient in a low oil price environment. And it brought digitalisation to the fore.
RAF squadron looks to oil and gas sector to bolster ranks
An RAF squadron set up at the height of the Cold War is looking to the oil and gas industry as it seeks to bolster its ranks.
Report finds sweeping blame and negligence for fatal Oklahoma rig explosion
An independent federal review of a 2018 fatal oil rig explosion in Oklahoma determined there is sweeping blame to be shared by the entire energy sector and government for a woeful lack of oversight and regulations for onshore oil and gas drilling.
$220bn at stake as project sanctioning gears up, says Rystad
Cost uncertainty for offshore oil and gas projects around the globe could be as high as $220bn over the next four years.
North Sea fledgling Talon appoints former Nautical Petroleum CEO
Fledgling North Sea explorer Talon Petroleum has appointed an expert in the region to its board.
KCA Deutag announces new chief executive
Aberdeen-headquartered oilfield services firm KCA Deutag has appointed a new chief executive as incumbent Norrie McKay prepares for retirement.
New era heralds new jobs for Aberdeen IT firm Alto
An Aberdeen IT firm is creating new jobs and aiming to double turnover as it parts ways with a Welsh partner.
North Sea oil to retain Korea tariff waiver even with no-deal Brexit
North Sea crude will retain its attractiveness to South Korean buyers when the U.K. leaves the European Union following a deal between the two countries.
Oil optimism slumps to 12-week low as price dips to bear market
Hedge funds kept running away from oil as prices tumbled into a bear market.
Firms urged to assess risk exposure to IR35 changes
A fundamental shake up of the tax rules applying to contractors has the potential to cause increased costs and risks to the oil and gas industry.
Prosafe in Floatel takeover to create world’s largest offshore accommodation firm
Prosafe has signed a deal to acquire Bermuda-based Floatel International to create the “world’s largest” offshore accommodation company.
Mega-projects increasing UK’s ‘significance’ for Equinor
Mega-projects in the North Sea are pushing the UK higher up Equinor’s list of priorities, according to bosses at the Norwegian energy giant.
OPEC general secretary to address Dundee Energy Forum
The general secretary of OPEC, Mohammed Barkindo, will give the keynote speech at this year’s Dundee Energy Forum next week.
Sound move for Rosen to head to Aberdeen
Choosing to open a consultancy office in Aberdeen in the midst of a downturn in the oil and gas sector may have seemed like a bold move, but it is one that has proven to be a sound investment for the integrity heavyweight Rosen Group as they continue to grow and expand the pool of technical knowledge and expertise available to clients based here in the Granite City.
Healthy offshore workforce means a healthy balance sheet
Employees are a company’s most valuable asset so it makes sense to look after them.
New strategy to steer through training challenges
The Engineering Construction Industry Training Board (ECITB) has launched its new three-year strategy, which aims to steer companies through the growing challenges that lie ahead from now to 2022, and beyond.
Saudi Aramco to attend Aberdeen event
Over the next 10 years Aramco plans to invest US$500bn in the global energy market, presenting an unparalleled opportunity for the UK supply chain to win significant work on worldwide projects with one of the largest operators in the world.
First gas from Culzean in ‘a few days’ says Total
First production from one of the UK’s largest gas fields is due in “a few days’ time”, according to the North Sea boss of Total.
BP sells mature assets in Egypt for undisclosed fee
Energy giant BP has agreed to sell off its mature assets in Egypt’s Gulf of Suez for an undisclosed fee.