SPX Flow upgrades Dyce base with £200k investment, creating new jobs
Global industrial equipment supplier SPX Flow said yesterday that it had invested £200,000 in upgrading its Aberdeen service centre.
oil
OGTC to sanction up to 12 new projects by year end
The Oil and Gas Technology Centre (OGTC) expects to start work on at least another 12 development projects by the end of the year.
Decommissioning a ‘double-edged sword’, Wood Group chief warns
Wood Group’s chief executive has said that decommissioning is a “double-edged sword” for the oil industry.
‘Tentative signs’ of North Sea recovery, but activity levels worryingly low, OGUK economic report says
An uptick in North Sea mergers and acquisitions (M&A) activity in the first half of 2017 was a “tentative sign” that investor confidence is starting to return to the oil and gas sector, a new report said.
North Sea can teach other industries a lesson in productivity, Treasury minister says
The exchequer secretary to the UK Treasury said yesterday that the North Sea oil industry had set a great example for other sectors to follow.
Decom tax reforms would create ‘sweet spot’ for industry and Treasury
Reforming the decommissioning tax relief system would create a “sweet spot” for the UK Government and the oil and gas sector, an industry expert has said.
Opinion: Oil’s search for simplicity
In the upstream oil and gas industry, standardisation has long been an effective way to make operations safer and more sustainable. Increasingly, the principle of establishing global standards to all aspects of operations – including purchasing – is helping to tackle the universal problems of escalating project costs and expanding schedules.
Updated: Treasury minister says ‘no room for complacency’ as North Sea recovery continues
A UK Treasury minister has called for North Sea industry to seize the opportunity to become a pioneer in offshore decommissioning.
North Sea needs even deeper cost cuts to remain competitive, DNV GL chief says
North Sea industry needs to “face the facts” and accept that it must cut costs even deeper to remain competitive, a senior industry figure has said.
Shell’s Ben van Beurden: Oil vs Uber in the battle of reputations
In a throwaway comment, Ben van Beurden found himself front and centre on the national media’s radar.
Simon Flowers: The big prize in the UK’s small pools
Since the 2014 Wood Review, Maximising Economic Recovery has been the remit of the Oil and Gas Authority. To achieve this, data transparency was a key aim, and in late 2016 the OGA delivered a 'Small Pools' dataset. Here, free data packages were provided for undeveloped resource on the UKCS.
China’s oil lifeline to North Korea becomes sanctions target
Even before North Korea detonated its most powerful nuclear bomb yet, Japan was calling for moves to cut off its oil supply.
Do digital technologies hold the key to a profitable North Sea future?
Attend any industry conference and signs that the wider oil, gas and chemicals industries are starting to embrace digitalisation will soon become apparent. The audience is moving from predominantly information technology (IT) personnel interested in the bits and bytes of data, to that of production engineers or management keen to know exactly and practically how digital can save the day.
Norway, UK relations will survive political uncertainty, top diplomat says
A top diplomat said yesterday that Norway would remain a “close and valued” partner of the UK against a backdrop of political uncertainty.
Well-Safe hires ex-OGA decommissioning chief, reveals Aberdeen office location
North Sea decommissioning start-up Well-Safe Solutions today announced two more senior appointments and revealed where it will be based.
Exclusive: Shell’s CEO – Oil slide is “biggest blessing”
Energy editor Rita Brown heads to the Hague to hear exclusively how Shell’s chief executive has viewed the last three years since the oil price crash
Exclusive Interview: Ben van Beurden – No North Sea retreat
A North Sea retreat is not on the cards for Shell, according to its chief executive.
EY’s Derek Leith: All change..except the oil price
As we approach Offshore Europe 2017, it’s worth considering the progress that the oil and gas sector has made in the UK since the previous conference in 2015.
Total sheds all interests in Gina Krog field
Total has shed its remaining interest in the North Sea Gina Krog field.
Partners wipe a further NOK5billion off Johan costs
The partners of the landmark Johan Sverdrup development have wiped another NOK5billion off the final project costs.
‘Shameful contempt’ shown to North Sea industry
The Conservatives have been accused of showing “shameful contempt” towards the North Sea industry after it emerged a promised “oil and gas ambassador” has never been appointed.
Shell rig was shut down amid explosion fears
Inspectors forced Shell to shut down a North Sea platform in June after discovering pipework was in a dangerous condition.
No magic price tag for cost of barrel of oil, Scottish energy minister says
There is no sought after 'magic' price tag for a barrel of oil, the Scottish energy minister has said.
‘We will act’ states IEA as they make record US fuel stockpiles ready for release
As Hurricane Harvey shutters Texas oil extraction, the International Energy Agency (IEA) makes clear that record US oil stocks will be made available in the event of extended power outages.
Lerwick Harbour to showcase vision for decom future
Lerwick Harbour will host a string of key players today as it sets out it plans to become a "decommissioning centre of excellence".