Waiting game on jobs after Total, Maersk takeover announcement
French energy giant Total said yesterday that its deal to buy Maersk Oil for £5.8billion would turn it into a “North Sea leader”.
oil
Burness Paull to combine oil and renewables teams in Aberdeen
Scottish commercial law firm Burness Paull is planning to expand its Aberdeen workforce and combine its oil and gas and offshore renewables teams to create a “complete energy offering” for clients, its chairman has said.
Maersk Oil acquisition a story of North Sea consolidation for Total, Woodmac says
Total's multi-billion dollar acquisition of Maersk Oil is driven by the French energy giant's desire to consolidate in the North Sea, an analyst said.
Norway clears Aker BP to drill Nordfjellet-Delta prospect
Norway has given Aker BP a permit to drill the Nordfjellet-Delta prospect. The Maersk Interceptor jack-up rig will drill the well. It will be the seventh well drilled on the licence. AkerBP operates and holds a 90.26% stake in the licence.
Oil holds gains near 1-week high as US drilling slows further
Oil held gains near the highest close in a week as US drillers reduced the number of active rigs by the most since January.
Coretrax bags North Sea contract with Maersk
Engineering services company Coretrax has been awarded a three-year, multimillion-pound contract with Maersk Oil.
Repsol-Sinopec celebrates Flotta oil terminal’s 40th year
A ceremony will be held in Orkney today to mark four decades of service for the Flotta oil terminal.
Maersk Oil powering ahead with Culzean as profits soar
The oil division of Danish conglomerate Moller-Maersk reported a strong performance in the first half of 2017 and made progress with its flagship North Sea project.
Extra tickets released after North Sea event sells out
Extra tickets have been released after a North Sea event sold out.
Oil slide stops at $48 as US stocks drop again
Oil halted its slide near $48 a barrel as industry data showed US crude stockpiles declined again, further trimming an inventory surplus.
Oil worker airlifted from Dunbar rig due to heart attack
Shetland Coastguard’s helicopter was called out this morning when an oil rig worker suffered a heart attack.
Round-up: Mergers and takeovers of the oil sector downturn
Transocean’s planned $3.4billion takeover of Songa Offshore will create one of the world’s biggest offshore vessel contractors.
Drilling starts on Azinor’s Partridge prospect
Drilling started today on Azinor Catalyst's Partridge prospect in the North Sea.
Update: Upturn in Ithaca’s results, but Stella reserves could drop
Ithaca Energy narrowed its losses during a first half in which the North Sea operator changed hands.
BP launches production from two more major projects
Oil major BP has started production from another two of the seven major upstream projects it had lined up for 2017.
Chevron to decide on Captain expansion this year
US oil major Chevron will decide whether to go after increased production from the North Sea Captain field later this year.
Ithaca narrows first-half losses, ramping up Stella output
North Sea operator Ithaca Energy narrowed its losses during a first half in which the company changed hands and achieved first oil from the Stella field.
Big oil dangles $19billion in investments for Norway tax breaks
Norway’s oil industry says it has some major investments in store if the government can just come through with some tax incentives.
Oil holds near $49 a barrel as Libyan crude supply is disrupted
Oil traded near $49 a barrel as Libyan output and exports declined amid security threats and tension among port workers.
Repsol-Sinopec looking to Montrose project for upturn in fortunes
Repsol Sinopec Resources UK (RSRUK) is looking forward to reaping the rewards of a major North Sea investment by delivering further reductions in lifting costs.
Compliance with output cuts ‘falls to new low’, IEA says
Compliance with output quotas agreed between oil producing states has hit its lowest level, the International Energy Agency said today.
Buchan Alpha arrives in Shetland for scrapping
The Buchan Alpha oil production vessel has been towed to the north-east of Lerwick Harbour ahead of scrapping.
Oil bankruptcies slow dramatically this year
The number of North American oil companies shuffling into bankruptcy court has fallen dramatically this year, a new report shows.
Oil slides toward $48 as scepticism over Opec cuts returns
Oil investors are back to being sceptical over whether OPEC-led production cuts are draining a global glut fast enough, keeping prices below $49 a barrel and driving crude toward a second weekly loss.
Industrial output rises as North Sea producers delay summer maintenance
A pick-up in the UK's industrial output in June was marred by a slump in car production and a fall in construction as the economy continued to stutter.