North Sea drillers snub ‘inferior’ pay offer from ‘breakaway group’
Scores of offshore drillers have rejected an "inferior" pay offer from a group of companies accused of snubbing a collective agreement.
oil
Investor fury at Gulf Marine bosses’ pay
Investors in offshore rig contractor Gulf Marine Services (GMS) showed their anger by heavily voting against bosses’ pay packages at its annual general meeting yesterday.
Neptune making strides with North Sea fields bought from Apache
Exploration and production firm Neptune Energy said yesterday that it is pressing ahead with several UK North Sea projects.
North Sea firms show confidence in future by investing, chamber survey says
Oil and gas firms are convinced that Aberdeen can cement its place as an energy powerhouse while making the transition to a low-carbon future.
Renewables can compete with oil for talent, energy expert says
The renewables sector can compete with oil and gas for employees, an energy sector veteran said yesterday.
Two-fifths of manufacturers relying on ‘gut feel’ to gauge IR35 risk
More than two-fifths (43%) of manufacturing, utilities and oil firms are relying on “gut feel” to gauge their exposure to new off-payroll working rules, a poll shows.
Malaysian firm presses on with plans for North Sea blocks
Malaysian oil firm Hibiscus Petroleum said today that it expects to have a field development plan in place for two UK North Sea blocks by the end of this year.
Dana Petroleum prefers tieback option for Platypus
Aberdeen firm Dana Petroleum has opted to develop the Platypus field in the southern North Sea as a subsea tieback to an existing platform, it is understood.
IOG hires oil industry veteran Hawkings
Independent Oil and Gas (IOG) has appointed Neil Hawkings as an independent non-executive director.
CNR extends contract with Teekay for Banff FPSO
Teekay has inked a one year contract extension with Canadian Natural Resources to keep one of its FPSO's on the Banff field in the North Sea.
Shell carbon-capture plant hits 4m tonne milestone early
A Royal Dutch Shell Plc-operated carbon capture and storage project in Canada has hit a milestone of sequestering 4 million tons of carbon dioxide about six months ahead of schedule and at a lower cost than estimated, helped by better-than-expected reliability.
Oil set for biggest weekly drop of 2019 as trade war bites
Oil headed for its biggest weekly drop since December as the rapidly escalating trade war caused investors to reassess the outlook for global growth, drowning out concern over multiple supply risks.
BP ‘ignoring elephant in the room’ at AGM, Dutch activist says
A prominent Dutch climate change activist accused BP of “ignoring the elephant in the room” at its annual general meeting in Aberdeen yesterday.
Marathon fined £1.16m for North Sea platform blast
Marathon Oil UK has been fined more than £1 million for safety failures after a pipe ruptured and leaked more than two tonnes of high pressure, high temperature methane gas on a North Sea platform four years ago.
Oil faces investment crunch as fund managers go cold on fossil fuels, Hurricane CFO says
Medium-sized oil companies are finding it more difficult to secure investment as fund managers’ attitudes to fossil fuels worsen, an industry stalwart said.
Climate activists to protest in Aberdeen against BP’s oil plans
Climate change activists will take to the streets of Aberdeen today to protest against BP’s oil exploration and production plans.
Xodus wholly-owned by Subsea 7 after Chiyoda exit
Xodus Group, the Aberdeen-based energy consultancy, is now wholly-owned by Subsea 7 following an exit by Japanese investor Chiyoda Corporation.
NRG Well Management aiming for step change in upstream business
Energy services firm NRG Well Management, of Aberdeen, said it was making a “step change in approach” to its offshore business as it unveiled a new director.
North-east firms extend partnership into next decade
Two north-east firms have cemented a partnership established at the turn of the century by extending it into the next decade.
KPMG urges the oil and gas industry to plan ahead for changes to IR35
In the Chancellor’s most recent Autumn Budget the UK government confirmed plans to reform the IR35 tax legislation for the private sector.
Cairn ‘knows what needs to be done’ with North Sea Kraken field
Scottish oil firm Cairn Energy has said it has lived up to its production guidance for the first part of 2019 and hailed the performance of the North Sea Catcher field.
Oil supply chain firms showing ‘zombie’ symptoms, KPMG says
Oil and gas supply chain firms are among a large number of Scottish companies showing "zombie-like" symptoms, KPMG has said.
Stork’s first female scaffolder undertakes her inaugural trip offshore
Industry demographics within the offshore oil and gas sector traditionally paint a picture of gender imbalance; particularly within disciplines such as scaffolding.
Trio team up for UK North Sea decom joint venture
An Aberdeenshire firm has joined forces with two major decommissioning contractors to launch a joint venture offering lower UK North Sea dismantling costs.
Premier Oil cuts debt ‘faster than expected’, raises production guidance
UK-headquartered Premier Oil said today that its debt pile was shrinking faster than expected.