Exploration disappointment for Corallian and partners at Wick
Partners in the Wick prospect in the Moray Firth said today that the exploration well was a failure.
oil
Faroe to hand Edinburgh prospect baton over to Shell
Energy giant Shell has been lined up to take over as operator of one of the central North Sea’s largest undeveloped prospects.
Total seeks buyers for Dutch North Sea business, report says
Energy major Total is trying to sell its Dutch offshore gas fields in an effort to raise £230-310 million, a news report said yesterday.
Fabricom Offshore Services reveals new identity following buyout
An energy services firm which was recently bought out by management has rebranded.
£17m Highland harbour revamp to create 50 jobs
Dozens of jobs will be created as a result of a £17 million investment into a major redevelopment of a Caithness harbour.
Working in partnership to transform decommissioning
Last week I was proud to represent the University at the opening of the National Decommissioning Centre, a long-term £38m partnership between the University and the Oil & Gas Technology Centre.
Opec and allies plan quotas review and ministers’ meeting in Spring
OPEC and its allies plan to hold a meeting in March to assess their oil-production accord in Azerbaijan, and then ministers will gather to set policy in April, according to the organisation’s top official.
Ensco raises offer for merger with rival rig contractor Rowan
Rig contractor Ensco has increased its takeover offer for rival firm Rowan.
Ex-Halliburton chair Lesar to start new oil services business
Dave Lesar, fresh from retiring as executive chairman of Halliburton Co. at the end of 2018, is working on a new venture in the oil patch with funding from private equity firm CSL Capital Management.
Altus Intervention looks to up-skill with new simulator
Well services firm Altus Intervention UK has installed a new training simulator at its base in Portlethen, near Aberdeen.
Updated: Premier Oil says no firm decision on Chevron bid, shares drop
Premier Oil insisted this morning that it had not made a "firm decision" whether to bid for Chevron's North Sea assets.
Oil surrenders ground as uncertainty over Opec cuts persists
Oil extended its retreat as investor appetite for risk assets shrank and uncertainty persisted over how much OPEC output will need to be cut to counter booming U.S. shale supplies.
Plexus to buy back 5m shares from Russian partner
Plexus Holdings has agreed to buy back 4.95 million shares in the company from its Russian partner Gusar.
Eni, Oman call bottom for oil at $60
Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick.
Ophir board rejects Medco takeover offer
The board at London-listed oil firm Ophir Energy has rejected a takeover offer from Indonesian company Medco.
Updated: New centre to turn ‘tomorrow’s problem into today’s opportunity’
A new research base with the tools to transform the UK into a global leader in oilfield demolition has opened in a tiny Aberdeenshire village.
Oil tanker explosion kills ‘dozens’ in Nigeria
Many people are feared dead after an oil tanker overturned and exploded in Nigeria while people were scooping up leaking fuel.
Shell’s Curlew FPSO off to Turkey for scrapping, via Dundee
Oil giant Shell has revealed the vessel for its Curlew field in the North Sea would be taken to Turkey for dismantling.
North Sea industry hopes oil settles at $60-70 for longer
Oil prices settling in a sweet spot of $60-70 per barrel would give North Sea firms more confidence to kick on with investment plans, industry experts have said.
M&A deals caught in ‘paralysis’ of oil price uncertainty
Uncertainty created by volatile oil prices “paralysed” a number of North Sea asset deals at the end of 2018, a top energy sector investor said.
‘More oil price upside than downside in the near term,’ observers say
Unpredictability is the only certainty in the world of crude prices. But oil industry observers believe crude prices are more likely to rise than fall over the coming months.
Equinor wraps up Rosebank acquisition
Norwegian energy giant Equinor said today that it had completed a deal to take control of one of the UK North Sea's largest remaining oilfields.
Projects boost for Maritime Developments
Offshore engineering firm Maritime Developments said yesterday it had “milestone projects globally” helping it grow after a few challenging years.
Energy bankruptcies fell below 50 filings in 2018
North American oil and gas bankruptcies fell to just 43 filings in 2018, down from 70 a year prior, according to the law firm Haynes and Boone.
Fife’s DPS Group adds to staff as it focuses on smart solutions
A Fife industrial instruments firm has unveiled plans to increase its workforce by around 20% in the first quarter of this year.