Babcock bags Catcher modifications deal
Babcock will undertake fabrication and modification work on the vessel serving Premier Oil's Catcher field in the North Sea as part of a four-year agreement.
oil
Norwegian row over using oil cash to cover Breivik, capsized frigate bill
The richest Scandinavians are having a budget dispute involving Norway’s worst terrorist and a capsized warship.
Oil slips as US stockpiles rise
Oil slipped from a three-month high as investors weighed OPEC’s production cuts against estimates of rising crude inventories in the U.S.
Total picks Oceaneering for Tyra job
Oceaneering International has won a contract for work on the Tyra redevelopment project in the Danish North Sea.
Korean buyer says Brexit makes North Sea oil less attractive
Brexit is threatening to spoil the appeal of the UK’s crude in the world’s biggest regional oil market.
‘Phantom’ North Sea volcanoes could hold oil reserves, academics say
North Sea volcanoes previously thought to contain magma could actually contain oil and gas reserves, academics have claimed.
Rystad: The 30 wildcats to look out for in 2019
After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Rystad Energy.
It’s all going wrong again for OPEC
Even as oil producing states in OPEC and beyond begin implementing the output cuts they agreed in December, the world’s need for their crude is shrinking further, suggesting that they will need to extend the deal through the second half of the year.
Two new tugboats worth £6.1m each are ‘essential’
Two new tugboats worth £6.1 million each will serve Orkney.
Localisation is key to meeting oil and gas supply chain export targets
Ambitious targets have been set for the UK’s oil and gas supply chain to double the value of its £11bn export market in the next two decades. But, if this key element of the Vision 2035 strategy is to be delivered, it’s time to start having honest conversations about why some international ventures underachieve or fail completely.
Goldman Sachs says OPEC ‘shock and awe’ to drive oil higher
Goldman Sachs Group is doubling down on its bullish outlook for oil.
Tory donor Spencer to buy another chunk of Cluff
Entrepreneur and philanthropist Michael Spencer will further increase his stake in North Sea oil firm Cluff Natural Resources (CLNR).
Awilco in the red as WilHunter struggles to find work
North Sea contractor Awilco Drilling slid into the red last year as it struggled to find work for one of its two rigs.
An investor view on oil’s twilight
The global oil industry’s foundation of ever-expanding demand will probably crumble and that may hurt profits sooner than expected, according to a London fund manager.
Updated: Five years added to the clock for pair of North Sea fields
RockRose Energy said today that the production lives of two North Sea fields had been extended by at least five years to 2029.
Aberdeen councillor who hasn’t attended meeting in six months could be forced out
An Aberdeen councillor could be forced to step aside if he does not attend the next full council meeting.
Updated: Petrofac bags £73.5m well services deal with Siccar Point
UK oilfield services giant Petrofac has won a £73.5 million deal to provide a range of well services for Siccar Point Energy.
Updated: Oil falls on growth fears after worst week in 2019
Oil fell toward the lowest level in almost two weeks as global growth concerns continued to damp the demand outlook, with investors hoping for positive news from high-level U.S.-China trade talks this week.
Perenco mulls sale of southern North Sea fields
Anglo-French oil company Perenco is considering selling some of its southern North Sea gas fields.
SAC report ‘could do better’ on decom
As someone who provided written evidence to the House of Commons Scottish Affairs Committee, The future of the oil and gas industry, I attended the launch of the final report at an Oil and Gas Technology Centre session on Monday, February 4th.
Teekay warned after ‘significant’ propane leak on Foinaven
The Health and Safety Executive (HSE) has warned Teekay following a "significant" propane leak on the Petrojarl Foinaven vessel.
Well slot: Drilling wrapped up near Cygnus
Westwood Global Energy reports that at the end of January three exploration wells were drilling on the UKCS: one in the northern North Sea and two in the central North Sea.
Oil sector still has plenty of waste to ‘get after’, BP boss says
The oil industry is still guilty of rampant “waste” despite concerted efforts to drive efficiency during the downturn, a boss at BP said yesterday.
‘Battle for data ownership’ must be avoided, EY finance expert says
Oil companies must put their heads together to prevent a “battle for data ownership” erupting, a corporate finance expert said today.
Changing of the guard bodes well for UK oilfield services sector, EY says
The North Sea’s “changing of the guard” will boost an oilfield services (OFS) sector creaking under the weight of sustained pricing pressures, a new report said.