Head of Step Change in Safety resigns
The head of a major North Sea safety body has stood down from his role.
oil
RockRose eyeing opportunities with ‘large lens’, says analyst
RockRose Energy is eyeing up North Sea takeover opportunities with a large lens, according to consultancy Westwood Global Energy Group.
Costain chipper despite slight dip in profits
Bosses at Costain Group said the engineering and construction firm delivered a "strong" set of results in 2018 and built up a record order book.
How a great ‘cultural fit’ has been a help to WorleyParsons
Jeremy Cresswell gets the low-down on the benefits of WorleyParsons’ acquisition of Amec FW’s North Sea operation
Rystad forecasts a boom in Xmas trees
A rapid rise in subsea tree installations is projected for the global offshore industry in the coming years, as operators are poised to boost expenditure substantially on subsea equipment and installation.
New well targets 1.7m barrels from Anasuria Cluster
A Malaysian duo will try to get after another 1.7 million barrels of oil in the Anasuria Cluster with a second sidetrack well on the Guillemot A field.
Oil withdrawal easy decision for Norway wealth fund
Norway will soon decide whether to let its $1 trillion sovereign wealth fund dump oil and gas stocks in order to reduce the nation’s overall exposure to crude prices.
Oil industry told to embrace green investments to survive
Oil and gas companies under pressure by investors to curtail investment in fossil fuels should loosen their purse strings for green energy, according to Accenture.
Uncomfortable truths creep in at oil industry’s big summit
Right from the start of London’s biggest gathering of oil traders and producers, uncomfortable truths began to intrude upon the usual round of business meetings and cocktail parties.
Eni enters race for ConocoPhillips’ UK business, report says
Italian oil firm Eni has reportedly joined forces with Norwegian private-equity fund HitecVision to table a bid for ConocoPhillips' North Sea portfolio.
Forties pipeline rejuvenation safeguards 1,000 jobs
A huge project to rejuvenate a vital North Sea pipeline system will deliver a jobs boost for the north-east.
North Sea startups boost profits at Apache
Production from new UK North Sea fields helped drive up profits at US oil firm Apache last year.
Marathon employees’ expertise the main attraction for RockRose
RockRose Energy has hailed the “expertise” of workers at the UK North Sea business it is acquiring from Marathon Oil.
Investment boost for Marathon’s ‘unloved’ North Sea assets
RockRose’s swoop for Marathon Oil’s UK business will breathe new life and investment into “unloved and marginal” North Sea assets, an analyst said yesterday.
Drilling rig to leave Kishorn after refit
A giant drilling rig is to pass through the Minch this week as it leaves the port of Kishorn after re-fitting work.
Marathon, its race run, hands baton to RockRose
So the deed is done.
Can oil reinvent itself? Shell’s power push divides investors
When a few hundred Royal Dutch Shell Plc shareholders piled into a Methodist church in Westminster for their 2018 annual meeting, they got a lot more than the usual free sandwiches and PowerPoint slides.
Updated: RockRose clinches Marathon Oil UK acquisition
RockRose Energy has struck a deal to buy Marathon Oil's UK business.
‘Serious interest’ shown in IOG’s southern North Sea assets
"Serious interest" has been shown in Independent Oil and Gas's (IOG's) southern North Sea development assets, the firm said this morning.
Corallian hits oil at Colter South after missing intended target
Corallian Energy's appraisal well on the Colter field missed its original target, but made an oil discovery anyway.
Total ‘calls off’ sale of Dutch North Sea fields
Total SA canceled a sale of mature natural-gas fields in the Dutch North Sea that could have raised several hundred million dollars, according to people familiar with the matter.
Vitol expects oil to rally as OPEC, Venezuela cause shortage
The world’s largest energy trader says oil prices are set to rally further as OPEC output cuts and American sanctions on Iran and Venezuela cause a "shortage" of the low-quality heavy crudes refiners rely on.
Oil sector’s cultural diversity a double-edged sword
The oil industry’s cultural diversity can be a double-edged sword if key safety messages are blocked or lost in translation, guests at The Press & Journal's Morning Briefing heard yesterday.
Twelve empty supertankers reveal truths about today’s oil market
They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.
Verus Petroleum put up for sale, report says
Norwegian private equity fund HitecVision has reportedly put its UK North Sea oil production firm up for sale.