North Sea industry ‘halfway’ towards reaching decom cost reduction target
North Sea decommissioning cost forecasts have dropped because companies are "holding up a mirror up to themselves" and sharing lessons, according to a top industry boss.
oil
CNR’s Ninian Northern decommissioning plans approved
The UK Government has given CNR International's plans for decommissioning the Ninian Northern platform the seal of approval.
North Sea must keep a lid on costs if oil prices rise, industry experts say
The North Sea oil industry must keep a lid on costs if measures taken by Opec and its allies push crude prices much higher, top Aberdeen energy experts have said.
Dozens injured in brawl at Kazakh oilfield
A brawl between Kazakh workers and their Arab colleagues in one of Kazakhstan's largest oil fields has left 30 people injured and led to an outcry in Lebanon and Jordan.
Iran uncertainty major factor behind OPEC delay
Uncertainty relating to Iran and the US-China trade war has led volatile oil prices and the postponement of a key OPEC meeting. The recent exchange of words between US and Iranian leaders has not calmed markets.
Private-equity house puts Alpha ‘up for sale’, report says
UK oil and gas firm Alpha Petroleum has been put up for sale by its private-equity backer, a news report said.
Updated: Exxon seeks bidders for Norwegian business, report says
US oil giant ExxonMobil is weighing up the sale of its Norwegian business, a news report said.
Watch: Shell’s Curlew vessel in Dundee for clean-up ahead of scrapping
Shell's Curlew vessel has arrived in Dundee for cleaning and waste disposal as part of a contract with Augean North Sea Services (ANSS).
Updated: Teekay vessel deal for Cheviot field ‘terminated’, but Alpha still hopeful
Alpha Petroleum’s plans for its flagship North Sea development project appear to have suffered a blow after Teekay said it had "terminated" a vessel supply deal.
Oil keeps rising as more US sanctions worsen tension in Gulf
Crude kept rising following its biggest weekly gain since late 2016 after PresidentDonald Trump said he would impose “major additional sanctions” on Iran, exacerbating tensions in the oil-rich Middle East.
‘Just Transition’: what does that mean for the European energy market?
With Europe’s energy strategy being one of electrification and clean energy, what impact will that have in Europe and how can the downside be managed?
Oil heads for weekly rise as US-Iran tensions worsen
Oil in London headed for its biggest weekly gain since February as escalating tensions between the U.S. and Iran fanned fears of conflict that would disrupt energy supplies from the Middle East.
Chrysaor buys into Apache’s North Sea exploration acreage
Private-equity back oil firm Chrysaor has snapped up stakes in a number of UK North Sea licences containing exploration prospects from US business Apache.
Updated: Disruption as crack found on North Sea copter
North Sea flights were disrupted yesterday after a “crack” was detected on part of a helicopter operating out of Aberdeen.
Police to make arrests in effort to end North Sea standoff
Police Scotland is seeking to make further arrests as it attempts to bring an end to a bitter North Sea standoff between oil giant BP and the climate activist group Greenpeace.
Montrose base ’embodies’ BHGE strategy, 160 jobs created
A £31 million base that will put the north-east of Scotland at the forefront of subsea oil and gas technology development and training was officially unveiled yesterday.
North Sea edging towards production efficiency Holy Grail
The UK North Sea oil and gas industry took another step forward in its quest to reach the Holy Grail of 80% production efficiency.
BHGE unveils £31m subsea centre in Montrose
Energy services giant Baker Hughes, a GE company (BHGE) opened its £31 million centre of excellence in Montrose this morning.
Petrofac teams up with UK marginal fields developer
A joint venture created to recover stranded gas reserves through gas-to-wire (GTW) technology has teamed up with Petrofac.
Crisis talks in bid to end Greenpeace-BP rig standoff
Oil and gas chiefs are today to hold crisis talks in an effort to bring to an end a “dangerous” stand-off between climate activists and oil giant BP.
BP-Greenpeace standoff will have significant economic consequences
The immediate economic consequences of the BP-Greenpeace standoff over the Vorlich field are obvious: the drilling operations are delayed and, as operations of this type are very costly, only a few days can have a considerable impact.
Ineos E&P in the black and ready to expand its North Sea exploration portfolio
One of the UK’s richest men is looking to expand his North Sea oil and gas portfolio after his exploration and production (E&P) business returned to profitability in 2018.
Aramco boss says £320bn programme a huge opportunity for UK
A boss at Saudi Aramco said yesterday the firm’s 10-year, £320 billion capital programme was a huge opportunity for the UK’s oil and gas industry supply chain.
Rystad: Uncertain OPEC should keep current cuts flat
OPEC nations may be at odds with each other, but all they need to do is extend their current crude oil cutbacks through the end of the year to help keep the market relatively balanced, according to a new report.
Updated: Union boss tells Greenpeace to ‘back off’ as rig forced into second U-turn
A trade union boss has urged environmental activists to “back off” and let North Sea rig workers get on with their jobs.