The “new reality” that Oil & Gas UK has identified in its new Business Outlook highlights the significant pressures that those operating on the UKCS continue to grapple with, as the industry strives to remain competitive and sustainable.
The chief executive of oilfield services firm Archer has stood down.
A “natural decline” in production and unplanned outages halved earnings from Taqa’s European business in 2018.
The Health and Safety Executive (HSE) has warned Teekay following a “major” gas release on the Petrojarl Foinaven FPSO.
Dozens of Petrofac employees on BP platforms in the North Sea have voted to go on strike.
Global Energy Group has bought a majority stake in Aberdeen-based Apollo Offshore Engineering, forming a new contractor firm.
Competing for talent is among the “key challenges” the sector needs to tackle, according to Romain Chambault, European director for oilfield equipment at Baker Hughes GE (BHGE).
An Aberdeen travel firm has reported strong interest from north-east busiensses interested in going to the Offshore Technology Conference (OCT) in the US.
New guidelines have been published to help North Sea operators manage corrosion.
The North Sea will need investment of £200billion in order to add another generation to its production life, according to a flagship report published today.
Oil and Gas UK expects to see further examples of companies consolidating and “right-sizing” their North Sea portfolios in 2019.
Siccar Point Energy has kicked off its 2019 drilling campaign with the spudding of an exploration well at the Blackrock prospect west of Shetland (WoS).
Aberdeen-headquartered energy services giant Wood saw its total revenues climb to £8.3billion in 2018 amid a “significant year of progress” for the firm.
Rever Offshore has appointed a new chief executive, two months on from dropping the Bibby Offshore brand.
Every few weeks, in a glass-walled office with a picture of an oil platform filling the east side, an unusual conversation takes place.
A feasibility study into a virtual deep water port in the Firth of Forth has been commissioned by a newly-formed group to promote Dundee as a decommissioning hub.
The chief executive of TechnipFMC took home more than £10m in pay last year for helping the energy services giant realise “synergies” post-merger.
Plans are in place for a joint licensing round to be launched between the Faroe Islands and the UK North Sea.
TechnipFMC has warned of the potential impact Brexit may have on its global operations.
Aberdeen's Lord Provost, Barney Crockett, flew out of Guyana on Friday after a fruitful trip to this soon-to-be oil rich South American nation.
It’s difficult to ignore the emails, conferences and discussion around digital. There is huge focus on what digital technologies can do for our businesses, moving beyond some of the existing digitalisation of our working practices. It’s been helped hugely by the pervasive nature of technology in our lives, Alexa, Siri, couriers arriving at the door and passing you a handheld computer to sign. These technologies help our industry realise that much of this technology is very mature and, in a lot of areas, largely unexploited in the oil and gas industry.
OPEC and its allies have much work ahead to balance global oil markets and are prepared to do what’s necessary in the second half, Saudi Energy Minister Khalid Al-Falih said.
It is in South America yet they speak English. Culturally and in cricket terms they are West Indian. Guyana was the setting for Sir Walter Raleigh's mystical city of gold: El Dorado.
Two nations that were once intertwined were joined together in Georgetown today.
Uncertainty over U.S. waivers for buyers of Iranian oil is starting to grip the market again, under very different circumstances than when American sanctions were set to go into effect last year.