Colombia sees gain in Venezuela’s pain
As neighboring Venezuela collapses, Colombia is hoping to lure oil majors with an unprecedented bidding system: Producers can propose drilling anywhere, at any time, and the country will look into it.
oil
Updated: Neptune gives green light for North Sea oilfield project
Neptune Energy and partners have sanctioned the development of the Seagull oilfield in the UK North Sea.
Hurricane braced for ‘exciting’ 2019 as Lancaster first oil nears
Bosses at Hurricane Energy said today that they were looking forward to an "exciting" 2019 as the company gears up for first oil from its flagship Lancaster field, west of Shetland.
Score Group celebrates highest ever revenues
Revenue at Score Group rose above the £200 million mark for the first time in the Peterhead-based engineering firm’s history in 2017-18.
Takeover offers received for North Sea oil firm, report says
Private equity-fund Seacrest Capital is in talks to sell its North Sea exploration and production firm, a news report said.
Jobs under threat at DOF Subsea in Aberdeen, Bergen
Energy service firm DOF Subsea confirmed today that it expects to lay off a number of employees in Aberdeen and Bergen.
Odfjell to hire 200 staff to support Norway growth
Odfjell Drilling will take on more than 200 employees to support the growth of its Norwegian North Sea business.
Saudi Aramco in £52.2billion deal for majority stake in Sabic
Saudi Aramco has signed a £52.2billion deal to acquire a majority stake in petrochemicals firm Sabic from the country’s sovereign wealth fund.
Offshore drilling makes comeback after years in shale’s shadow
Offshore is ready for the limelight again.
BHP mulls bid for Blackstone-backed Bluewater
BHP Group is among the potential bidders for Blackstone Group LP and LLOG Exploration Co.’s oil-exploration joint venture Bluewater, according to people with knowledge of the matter.
Millennials now make up majority of Schlumberger’s workforce
With Millennials now making up the majority of employees at Schlumberger, the company's CEO said the oilfield service giant is taking a new approach to management.
Shell, Noble Energy to lead Colombian offshore venture
Houston's Noble Energy will take the lead on exploring the offshore oil and gas potential of Colombia with Royal Dutch Shell.
Feud between North Sea oil firms heats up
Bosses at Independent Oil and Gas yesterday accused RockRose Energy of “significantly undervaluing” the company and vowed to press ahead with their North Sea projects.
Industry must tackle skills gaps to make data pay, chiefs say
Oil and gas companies must fill digital skills “gaps” if they are to fully take advantage of a new treasure trove of North Sea subsurface data, industry chiefs said yesterday.
North Sea energy service firm wins £2m in contracts, hires 12 staff
An Aberdeen-based subsea engineering and project management firm has won £2 million worth of new orders since the start of the year, and hired 12 new staff members.
Heroic fundraising efforts of mum who lost son in North Sea crash
A “poignant” fundraiser for north-east lifeboats, organised by a woman who lost her only son in a North Sea helicopter disaster nearly ten years ago, raised £40,000 at the weekend.
Total drilling for oil in world’s fastest ocean
Total SA’s discovery of South Africa’s first oil in deep water could prove to be a bonanza for a country lacking crude reserves of its own and prompt a rush from other majors. That’s if they’re able to solve the engineering challenges of operating in one of the fastest ocean currents in the world.
Houston Ship Channel closure could cost $1bn
The closure of a portion of the Houston Ship Channel in the aftermath of the days-long Deer Park chemical fire could cost the petroleum and petrochemical sectors an estimated $1 billion in direct and indirect costs and lost revenues, experts said.
Harbour worker claims oil being dumped in port
A harbour worker has claimed oil and diesel is being regularly dumped in the water at Fraserburgh – and urged skippers to show “respect”.
Carbon emissions leap as global growth strengthens fossil fuel demand
Carbon emissions from fossil fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the U.S. and more coal burning in China and India.
Back to the Marc Rich days as US investigates commodity traders
Not since the days of fugitive oil merchant Marc Rich has the commodities trading industry faced so much global scrutiny.
Schlumberger expects North American oilfield investments to be down
Investments in North American oilfields are expected to be down this year while international markets are expected to grow, Schlumberger CEO Paal Kibsgaard said.
RockRose mulls legal action as bid for IOG debt met with silence
RockRose Energy said today that it had offered to buy the debt of takeover target Independent Oil and Gas (IOG) for £52.5 million.
Energy industry must get ready for IR35 reforms
In April 2020 the Government’s IR35 payroll reforms will come into effect in the private sector, putting the responsibility firmly on larger employers for PAYE and NICs in respect of contractors engaged via an intermediary.
Fears for economy over fall in foreign workers
The number of foreign workers coming to start life in the north-east has dropped dramatically in the three years since Brexit was announced.