Apache to fast track first oil from North Sea field, Q3 profits soar
Apache Corporation has confirmed plans to achieve first oil from the Garten field during the current quarter.
oil
WATCH: Four-legged inspection robot trialed on North Sea platform
A Swiss-designed, autonomous, four-legged robot has been put through its paces on a converter platform in the German North Sea.
Serica Energy’s 13m barrel Columbus plan gets OGA approval
Serica Energy has taken a major leap towards first oil from the Columbus field in the central North Sea.
Kvaerner bags £85m Johan Sverdrup jacket gig
Equinor has awarded an £85 million contract for the supply of a jacket for the second phase of the Johan Sverdrup project to Kvaerner.
BP profiting from capture of lower rates, Clair Ridge start-up looming
Profits more than doubled at BP in the third quarter as the UK energy major prepares to celebrate first oil from a mega-project west of Shetland.
Oil slips amid fears new US-China tariffs could hurt demand
Oil slipped on concern that an escalating trade dispute between the U.S. and China will dampen global growth at a time when American crude inventories are growing.
Updated: BP says ‘high reliability’ behind profits boost as BHP deal nears completion
UK energy major BP said its "strong operating performance" had helped it lift pre-tax profits by more than 80% in the third quarter of 2018.
Stable tax measures are welcomed by oil industry
The oil and gas industry welcomed the chancellor’s announcement on stable tax measures and plans to make Scotland a “global decommissioning hub”.
Top lawyers supporting Scotland’s oil and gas industry recognised
Three north and north-east firms have been singled out for special praise in an annual review of the UK’s legal market.
Russian oil set to lose billions in ship-fuel overhaul
Russia is set to suffer the biggest revenue losses from rules mandating cleaner marine fuels from 2020, because the world’s top exporter of the sulfurous residual oil that powers ships doesn’t look prepared for the change.
Wellesley Petroleum cracks awkward Grosbeak ‘puzzle’
Norwegian explorer Wellesley Petroleum said today that its latest exploration campaign had cracked an “awkward puzzle” in the North Sea.
SNP calls for North Sea oil sector deal in Budget
SNP deputy Westminster leader Kirsty Blackman has warned against an "absolute nightmare" no-deal Brexit scenario ahead of the Chancellor's Autumn Budget.
Budget talks continue over whisky and oil taxes ahead of spending announcement
Chancellor Philip Hammond was continuing behind-the-scenes talks on Friday night over the future of whisky and oil taxes in advance of his Budget on Monday.
Production finally restarts from Erskine field
The Erskine field in the North Sea has resumed production for the first time since January.
Discipline, baby, discipline! Big oil resists the urge to spend
Forget "Drill, baby, drill!" The world’s biggest oil companies aren’t returning to their spendthrift ways, despite crude’s recovery.
Oil rig has unusual visitor
An exhausted owl has been air-lifted to safety by helicopter – after crash-landing on a North Sea oil rig.
Activists claim north-east oil boom has fuelled asbestos timebomb
Activists have claimed asbestos-related diseases in the north-east may have been caused by the oil boom of the 1970s.
Updated: Equinor delays first oil from Mariner field, but upgrades reserves
Norwegian energy major Equinor said today that first oil from its £4.5 billion Mariner project in the UK North Sea had been pushed into next year.
Big oil woos China with $24bn splurge in old pirate’s lair
A Chinese archipelago that served as a pirate’s den in centuries past and was governed by President Xi Jinping in the new millennium is luring the world’s energy giants.
Prof Kemp raises North Sea production forecast by 4bn barrels in ‘bullish’ new report
Aberdeen University researchers have predicted a huge improvement in the UK North Sea’s prospects in a new report.
Aker Solutions doubles its orders in Q3 as market recovery picks up pace
Aker Solutions took in twice as many orders in the third quarter of 2018 compared to the same period last year amid "increasing signs of a market recovery".
Sentinel Marine beefs up fleet, switches to bigger Aberdeen office
Aberdeen-headquartered support ship operator Sentinel Marine is adding to its fleet with the purchase and major refit of a multi-role ship.
Hibiscus completes £28.5m North Sea deal, awaits transfer of operatorship
Malaysian oil firm Hibiscus Petroleum has completed the acquisition of stakes in two UK North Sea discoveries for £28.5 million.
Updated: Project approvals show North Sea landscape ‘improving’
New North Sea projects targeting almost 50 million barrels of oil equivalent (boe) have been approved by the Oil and Gas Authority (OGA).
Oil dips on stockpile concerns, Saudi production pledge
Oil faltered below $70 a barrel as Saudi Arabia said it has no intention of using its oil wealth as a political tool and as American crude stockpiles were seen gaining for a fifth week.