US Gulf set for ‘big year’ of M&A deals
The US Gulf of Mexico is in the midst of a “big year” of mergers and acquisitions, a top analyst has said.
oil and gas
Loganair competes for oil worker business with new routes from Aberdeen
Scottish airline Loganair said yesterday it was going ahead with plans to operate two key routes from Aberdeen.
Prime Minister backs Aberdeen subsea engineering hub
Theresa May will today announce UK Government backing for a multi-million-pound Aberdeen underwater engineering hub to help the oil industry diversify into green energy.
Azinor commits to drilling programme for 495million-barrel North Sea prospects
Azinor Catalyst has committed to drilling two prospects in the North Sea next year.
Equinor profit beats estimates as oil output tops prediction
Norway’s Equinor ASA beat profit estimates after pumping more oil and gas than predicted.
Expro sees good growth amid recovery in core markets
Expro has cash in the bank and is in good shape for “conservative growth” amid a recovery in its core markets, one of the oilfield service company’s bosses said yesterday.
Wood cancels decision to boost CEO’s bonus scheme
Energy services firm Wood has decided to cancel a decision to boost CEO Robin Watson’s bonus pay scheme.
CHC wins helicopter contract with Cairn Energy
Helicopter operator CHC has announced a new contract win with Capricorn Norge, a subsidiary of Scottish oil exploration firm Cairn Energy.
ExxonMobil announces $2bn expansion of US chemicals complex
Exxon Mobil will pour $2 billion into expanding its Baytown chemical complex, creating 2,000 construction jobs and further cementing the region's role as a petrochemical hub.
CNRI fails to warn staff during emergency oil and gas leak from North Sea platform
Canadian Natural Resources International (CNRI) has been hit with a Health and Safety Executive (HSE) notice after failing to warn staff during an emergency oil and gas leak.
Decision expected this quarter on North Sea Cheviot field
Alpha Petroleum is expected to make a decision this quarter on whether to sanction its Cheviot field in the North Sea, according to contractor Teekay.
Clashes rock Venezuela as Guaido and Maduro vie for power
Opposition leader Juan Guaido took a bold step to revive his movement to seize power in Venezuela, taking to the streets on Tuesday to call for a military uprising that drew quick support from the Trump administration and fierce resistance from forces loyal to socialist Nicolas Maduro.
Shell agrees farm-in to Cluff North Sea prospect
Shell has taken an option to farm-in to a 90million barrel North Sea prospect owned by Cluff Natural Resources (CLNR).
Baker Hughes GE profits from international project wins
Baker Hughes, a GE company (BHGE) has posted pre-tax profits of £106million off the back of stabilising oil markets and international project wins.
Catering well for market slump – says Entier boss
The boss of oil and gas catering firm Entier said yesterday he was positive about the future, despite profits more than halving in 2018.
Aker Solutions predicts near 10% boost to revenues in 2019
Aker Solutions has predicted overall revenues this year will jump by nearly 10 percent from 2018 on the back of a strong order book and tendering activity.
BP ‘resilient’ amid boost to pre-tax profits
Energy giant BP boosted its pre-tax earnings in the first three months of 2019, which it said showed "resilience" in a "volatile period”.
Union boss pledges to continue push for offshore helicopter inquiry
A leading Aberdeen trade unionist has said he will continue to campaign for an independent probe into helicopter safety in the oil and gas industry- even though the government has rejected calls.
Anadarko board faces scrutiny amid $38 billion bidding war
Anadarko Petroleum Corp.’s market value has soared 56 percent since a bidding war for the American shale driller kicked off two weeks ago. Yet the company’s directors have managed to step on the toes of almost every player involved.
Swiss investigating oil trader Gunvor for foreign bribery
Switzerland’s Attorney General said it is investigating Gunvor Group Ltd. on “suspicion of bribery of foreign public officials” in the Republic of Congo, underscoring the energy traders’ legal troubles in the long-running case.
Losses widen for Diamond Offshore, wins North Sea work for Ocean GreatWhite
Diamond Offshore saw its losses widen in the first part of 2019.
New wells to be ‘drilled to the moon and back’ by 2023
More than 1 million kilometres of new oil and gas wells will be drilled over the next five years, according to a new forecast, further than the distance to the moon and back.
WorleyParsons changes name after £2.4bn acquisition of Jacobs ECR
WorleyParsons has announced a rebrand after completing a £2.4bn acquisition of the energy, chemicals and resources division of US firm Jacobs.
Former ConocoPhillips manager sets up consultancy for North Sea newcomers
A ConocoPhillips manager of almost 20 years has set up a consultancy firm targeting the wave of new operators in the North Sea.
Former Marathon Oil boss joins Cairn Energy board
A former vice president of Marathon Oil has joined the board of Scottish firm Cairn Energy.