Cairn posts losses of almost £1bn amid India, Kraken troubles
Scottish oil firm Cairn Energy vowed to go after "material" exploration targets this year despite suffering losses of almost £1 billion in 2018.
oil
Tech start-ups selected for OGTC’s pioneer programme
The Oil and Gas Technology Centre (OGTC) has unveiled a new cohort for its TechX Pioneer programme.
EnQuest denies Kraken reserves downgrade
EnQuest today denied that the reserves estimate for its Kraken field had been downgraded.
Crew down tools on Total platforms, production continues
Oil workers downed tools on three of Total’s North Sea platforms yesterday in a bitter row over rotas.
Striking workers ‘determined’ and in ‘good spirits’, union boss says
Workers engaged in North Sea strike action were in “good spirits” yesterday and remained “determined to see the dispute through to the end”, a union boss said.
Equinor CEO: Energy sector ‘facing a crisis of confidence’
The oil and gas sector is "facing a crisis of confidence" and a mounting lack of trust as climate change concerns rise worldwide, the chief executive of Norway's top energy company said Monday.
TechnipFMC adds dive support vessel to North Sea fleet
TechnipFMC has added a new-build dive support vessel to its North Sea fleet.
Updated: Awilco in new £325m rig order, appoints new CEO
North Sea contractor Awilco Drilling has ordered a new semi-submersible rig for £325 million – and found a new chief executive.
‘Disorderly Brexit’ could result in global oil demand growth, IEA warns
A messy Brexit could affect growth in global oil demand over the next five years, according to the International Energy Agency.
Spaceport safety measures needed to reduce risk to North Sea rigs
Rocket launches from Sutherland could require safety measures to reduce risks to workers on North Sea oil and gas platforms - and residents of the Faroe Islands.
North Sea strikes get under way on Total platforms
Energy giant Total confirmed this morning that strikes had begun on three of its North Sea installations in a dispute over rotas.
BP to keep looking for opportunities in North Sea ‘backyard’
A boss at supermajor BP has challenged the view that suppliers are due an increase in rates.
An emotional farewell to Beatrice
Unlike most oil and gas installations, the Beatrice complex is visible from land.
Employee ownership pays off for Merlin ERD
Perth-based engineering firm Merlin ERD has celebrated a record seven-figure profit in the first full year since moving to employee ownership.
Norway’s oil and gas divestment spares biggest producers
Big Oil dodged a bullet.
Industry stalwart joins group to promote ethnic diversity in oil and gas
An oil and gas stalwart has joined the advisory board of an organisation to promote ethnic diversity in the industry.
CNR posts higher profits, North Sea drilling goes to plan
Profits increased at CNR International last year as the Canadian firm stepped up production.
Hunt sparks oil and gas row with Brexit deal vow
Jeremy Hunt insisted yesterday he is determined to deliver a Brexit that works for the oil and gas sector as he acknowledged the industry’s fears over EU withdrawal.
‘Obvious benefits’ to more North Sea acquisitions says Premier boss
Premier Oil’s chief executive said yesterday the firm was “running hot” as it posted its first set of profitable results since 2013.
‘Disappointing’ progress on gender diversity, says oil and gas leader
An oil and gas industry leader has said there is a “disappointing” lack of progress being made on gender diversity.
New network to promote diversity in North Sea workforce
Industry body Oil and Gas UK (OGUK) has announced plans to encourage more diversity in the workforce.
Corallian to focus on Colter South after main target disappoints
Corallian Energy and partners will focus on the Colter South discovery off Bournemouth after their main target to the north disappointed.
Why might Norway decide to dump oil stocks from its $1tn wealth fund?
Norway will on Friday decide whether to let its $1 trillion sovereign wealth fund dump all its oil and gas stocks. Here’s what you need to know.
Record production steers Premier Oil back into the black
Premier Oil said today that it returned to profitability in 2018 as group production reached record levels.
RockRose boss ‘hopeful’ on IOG takeover bid
The boss of Rockrose Energy has said he's "hopeful" about the firm's takeover plans for Independent Oil and Gas (IOG), despite an initial rejection.