‘Surprise and disappointment’ at Verbier well in North Sea
Drilling on the Verbier discovery has delivered underwhelming results, but partners remain optimistic they can salvage the North Sea field.
oil
Choppy waters for North Sea supply chain
The tide of adversity has turned and the North Sea is back on the up, Oil and Gas UK (OGUK) said in its business outlook report.
From pregnant pause to promotion for North Sea oil boss
The idea of returning from maternity leave to a promotion sounds a bit fanciful. But that’s exactly what happened to Carla Riddell, of Spirit Energy.
Shell receives £113m UK tax refund in 2018
Oil giant Shell received a £113 million tax refund from the UK Government in 2018.
Drager wins North Sea deals worth more than £1m
Life-saving equipment firm Drager has won three contracts worth more than £1 million to supply gas detection gear across 23 North Sea platforms over five years.
E&P companies awash in cash – and more could be in store for this year
The world’s publically listed oil and gas companies are bringing in cash at the best rate ever witnessed even though oil prices have only partially recovered from the huge drop suffered in 2014 and 2015, according to Rystad Energy.
James Fisher Subsea Excavation sets up Nigeria base
An Aberdeenshire subsea excavation company has wrapped up its first project in Nigeria and established a base in the West African country.
ConocoPhillips, Chrysaor ‘in talks’ over North Sea oil deal
ConocoPhillips is in talks to sell a package of North Sea assets to explorer Chrysaor after earlier discussions with UK billionaire Jim Ratcliffe collapsed, people with knowledge of the matter said.
‘Long live the evolution’ is rallying cry for Asco chief
Six months into his new job as Asco Group chief executive, Peter France has worked out the company doesn’t need to change dramatically.
OGUK: Focus to thrive in ‘new reality’
“Challenges remain, but the UK sector remains optimistic” – one of many headlines that appeared following the launch of our 2019 Business Outlook.
‘We will never forget them’: Poignant memorial held for men killed in North Sea helicopter tragedy
The families of the 16 men who died in the Super Puma crash north of Peterhead on April 1, 2009 met in Aberdeen yesterday for a poignant ceremony marking 10 years since the tragedy.
New online tool to save North Sea industry £250m a year
A new initiative will save the UK oil and gas industry up to £250 million a year by streamlining the equipment procurement process.
Delek profits drop, but Ithaca on the up
Profits dropped at Delek Group last year despite a strong showing from its North Sea business, Ithaca Energy.
RockRose withdraws debt offer for IOG, whose shares nosedive
RockRose Energy has withdrawn its £52.5 million offer to buy the debt of takeover target Independent Oil and Gas (IOG).
Exclusive: North Sea newcomer targets deals after celebrating first oil
North Sea newcomer Decipher Energy has delivered first oil from the Orlando field less than two years after taking over the 10 million barrel project from a victim of the downturn.
Independent to raise £16.6m to fund North Sea projects
Under pressure North Sea firm Independent Oil and Gas (IOG) expects to raise £16.6 million via the placing of 166m new shares.
Families of victims tell of the moment they heard news
Although the offshore industry has moved on in the 10 years since April 1 2009, for many of the families of the 16 men who died in the Super Puma crash north of Peterhead, time has stood still.
Parkmead vows to ‘take its own path’ to growth
Parkmead Group boss Tom Cross said yesterday the Aberdeen-based oil firm would “take its own path” to growth as North Sea newcomers battle over assets.
BP and Shell both claim to be number one in investor returns
In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company.
Remembrance service for families and friends, led by chaplain
A service will be held today for the 16 men who died in a helicopter crash off Peterhead in 2009.
Predictable future is vital for decom industry to thrive
These are interesting times for the UK decommissioning sector. There is no doubt we are undergoing a transition.
IR35: An ‘attack’ on self-employment
In 1999, the Revenue decided to change the contracting landscape with the introduction of IR35, an anti-avoidance tax legislation. The legislation originally imposed a series of tests to verify whether the worker could be classified as self-employed or not. Qualifying questions included “could they replace themselves if they were unable to go to work”, and “how many companies do they contract with each year” in order to establish their true status.
Project progress highlights ‘bright future’ for North Sea oil
North Sea industry received a shot in the arm yesterday as oil and gas companies reported progress on major projects.
Cyberhawk bought by private equity investors
London-based private equity investors have swooped to buy Scottish drone technology firm Cyberhawk Innovations for an undisclosed sum.
Parkmead ‘working intensively’ on deals as key North Sea projects move forward
Bosses at Parkmead Group said today they were "working intensively" on acquisitions to beef up the firm's portfolio.