North Sea firm in high spirits as profits near £500m in first year
Exploration and production firm Spirit Energy generated almost £500 million worth of profit in 2018 − its first full year in business.
oil
First oil from major North Sea project delayed until second half of 2019
Norwegian energy giant Equinor said today that first oil from its flagship Mariner project in the UK North Sea had been delayed again.
Oil above $70 ‘must be a positive’ as North Sea investors remain cautious
Higher crude prices should encourage North Sea oil companies to dial down the caution and bring forward more new projects, a prominent petro-economist said yesterday.
Oil stays above $70 as geopolitical tensions belie bearish signals
Oil held gains near the highest since late October as an escalation of geopolitical conflicts in Libya and Iran belied technical indicators suggesting the rally is overdone.
Aberdeen decommissioning specialist Well-Safe snaps up first rig
An Aberdeen-headquartered firm has reached a major milestone in its quest to become the oil and gas industry’s top well-decommissioning specialist.
Norway is walking away from billions of barrels of oil
Western Europe’s biggest petroleum producer is falling out of love with oil.
Life After Oil: Offshore worker turned gamer having time of his life
Quitting a job in the offshore industry to play video games full time may not seem the ideal career path but Kieran Beattie talks to a north-east man who has done just that – and is having the time of his life
Oil and gas M&A ground to a halt in the first quarter
Oil and gas deals ground to a halt in early 2019, plummeting to a 10-year low after the collapse in crude prices at the end of last year.
Oil edges above $70 but can’t hold on as trade, Iran questions swirl
Brent crude nosed above $70 for the first time since November but couldn’t hold the gains, as signs of tightening global supplies were countered by an uncertain economic outlook.
Power-hungry Texas oil drillers get a little help from solar
Texas, home to the world’s largest oil reserve and America’s biggest source of coal-fired power, is on the verge of a clean-energy boom.
Knowledge next: Bilfinger focuses on a digital future
German engineering has long been respected for its unrivalled quality, and the Mannheim-based Bilfinger group continues to live up to this reputation by creating future-facing digital solutions.
Updated: NHV wins Premier Oil contract for North Sea flights
Helicopter operator NHV has continued its rapid rise by clinching a new contract to provide flights to Premier Oil’s North Sea assets, departing from its Aberdeen base.
North Sea oil well comes up dry
An exploration well on the Rowallan prospect in the central North Sea has failed to deliver, project partners confirmed today.
‘All healthy parameters’ at Neptune, CEO House says
Neptune Energy boss Jim House said yesterday the North Sea newcomer was making progress on all fronts.
IOG hails year of ‘progress’ on North Sea core projects
Bosses at Independent Oil and Gas (IOG) hailed 2018 as a year of progress for the firm's southern North Sea (SNS) portfolio.
North Sea operators must work with suppliers or risk becoming ‘second-class’
North Sea operators must treat oilfield service (OFS) firms with care or they could end up becoming “second-class clients” in a tightening market, an industry figure has said.
Whittaker well set for glut of work
A skills shortage in the North Sea industry has been talked about for some time, and it is something the father and son team running Whittaker Engineering can see taking shape in the supply chain.
Greta’s army and disputing workers could cripple Big Oil
It is said that more than 1.4 million students skipped school on March 15 to protest about the climate change crisis that threatens life as we know it on Earth.
Kishorn bosses say port ‘shovel ready’ for decom work
A Kishorn Port (Kpl) boss has declared the west coast site “shovel ready” for oil an gas decommissioning projects after it was granted a waste management licence by the Scottish Environment Protection Agency (Sepa).
Life After Oil: Tip your hat to fascinating Debbie
A north-east woman made redundant during the oil and gas downturn is building a new venture making women’s fashion accessories.
Innovative models for a tricky market
In eras of high oil prices, operators have focused on bringing oil to market, with less consideration for the costs and risks they incurred.
Jersey shares plummet nearly 60% on Verbier disappointment
Shares in Jersey Oil and Gas nosedived by nearly 60% today after the company revealed disappointing results at a UK North Sea well.
Big Oil faces new blow in Norway as labour wobbles on Lofoten
Norway’s oil industry, already under increasing pressure from opponents of drilling, is in for a tense week.
Brent crude nears $70 as OPEC tightens supply
Oil rose to almost $70 a barrel in London, a level last breached in November, as global crude supplies tightened while hopes for an end to the U.S.-China trade impasse lifted financial markets.
Neptune to spend nearly £100m on exploration in 2019
Neptune Energy recorded profits of almost £700 million last year and delivered a big increase in reserves estimates.