Shell completes sale of interest in the US Gulf of Mexico asset
Shell has completed the sale of a 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor.
oil
Union calls on North Sea workers to share impact of oil downturn
A national union group is calling for north-east workers to give their opinion on how the economy has affected them.
North Sea oil and gas projects boosted by farm-out deals
Two North Sea farm-out deals have been announced in another sign that the mature UK basin can still generate fresh investment for oil and gas projects.
HMRC issues apology for delays to tax relief claims
HMRC has apologised for taking up to seven months to process R&D tax relief claims which was alleged to be preventing some UK companies from progressing.
Mammoet to acquire rival heavy lifter
Netherlands-headquartered Mammoet has agreed to buy UK rival heavy lift and transport firm ALE for an undisclosed fee.
Subsea 7 boss ‘positive’ as tendering picks up, but pre-tax profits slide
Subsea 7's boss said today that the energy services giant was participating in more tenders and that his outlook for core markets was "positive".
Historic North Sea industry building topples after price plunge
One of the north-east’s landmark buildings is being torn down after being sold at a bargain basement price.
North Sea delivering ‘stable’ environmental performance, OGUK report says
The UK oil and gas industry is delivering “stable” environmental performance while increasing production, a flagship report claimed.
Babcock rolls out wireless network for SAR teams
Babcock's search and rescue (SAR) team is boosting the service it provides offshore workers by replacing hard-wired helicopter intercom with a new wireless network.
Millions of barrels of Iranian oil are piled up in China’s ports
Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer.
Oil trades near two-week low as US fuel stockpile increases
Oil traded near a two-week low as an increase in U.S. fuel stockpiles spurred concern that demand is waning in the world’s biggest crude consumer.
Commercial property pitch to oil and gas businesses
Scottish commercial property firm JJKS Estates aims to lure more oil and gas industry companies to Angus, helping to create new investment and career opportunities in the area.
Malaysian firm Hibiscus clinches deal to buy Crown discovery
Malaysian firm Hibiscus Petroleum has struck a deal to acquire a North Sea discovery from two UK oil and gas businesses.
Hurricane still counting on Kerogen support despite share sale
Hurricane Energy yesterday insisted it had the “continued support” of Kerogen despite the private-equity firm selling about a quarter of its shares in the oil company.
Premier says new North Sea well imminent, keeps chipping away at debt
UK-headquartered Premier Oil said today that drilling of the Tolmount East appraisal well would start "imminently" in the southern North Sea.
Production starts at 76m barrel field, Equinor says
Equinor today hailed production start-up from the 76 million barrel Trestakk subsea tieback project off Norway.
Updated: North Sea oil platform arrives in Shetland for scrapping
The delivery of a North Sea oil platform to Lerwick highlights the Shetland port’s status as a “centre of excellence” for decommissioning, a joint-venture has said.
Ministers won’t commit to copter safety inquiry despite union pressure
Trade union bosses have issued fresh calls for a public inquiry into North Sea helicopter safety after a report showed fatigue was a factor in a “near miss” at Aberdeen Airport.
Eland gets Nigerian field development plan approval
Aberdeenshire-headquartered Eland Oil & Gas has received approval from Nigeria's petroleum department for its Gbetiokun field development plan.
Hunt to dial down tensions in Gulf after Iran tanker seizure
Jeremy Hunt is to launch a fresh diplomatic bid to prevent the Iran nuclear deal unravelling and to ease tensions in the Gulf.
Piper Alpha remembered 31 years after oil rig disaster
One of Scotland's most horrendous disasters in oil and gas history was remembered in Aberdeen today.
Shell selection shows we can compete in UK, says Rosetti Marino
Italian engineering firm Rosetti Marino said today that its selection by Shell for an early phase design contest showed the firm was “competitive” in the UK.
Stake in major North Sea discovery to be put up for sale
A sizeable stake in one of the UK North Sea’s largest gas discoveries in years will come on the market once a major acquisition goes through later this year.
North Sea stakes change hands in £600m Energean acquisition of Edison E&P
Energean’s £600 million acquisition of Italian firm Edison E&P has handed the company stakes in a number of UK North Sea assets, including a major discovery.
Updated: EnQuest to cut 80 jobs at Shetland oil terminal
Oil firm EnQuest said that about 80 employees would lose their jobs at a major terminal in Shetland by the end of 2019.