Prosafe bags £9m North Sea contract
Accommodation vessel contractor Prosafe has clinched a £9 million deal for its Safe Caledonia flotel in the UK North Sea.
oil
Faroe to ‘keep drilling’ as acquisitions prove elusive in ‘tricky’ market
Faroe Petroleum’s existing portfolio can deliver the oil firm’s medium-term growth targets, as acquisitions prove to be elusive, its boss said yesterday.
OPEC warns of threats to oil supply from Iran, other producers
The Organization of Petroleum Exporting Countries is concerned by threats to crude supply from large producers such as Iran, the group’s top official said.
Siccar Point playing long game west of Shetland
Siccar Point Energy’s boss said the private-equity backed oil firm plans to be a fixture in the waters around Shetland for the long haul.
Hunt for Liberator partner runs into delays, i3 Energy says
North Sea oil firm i3 Energy is making progress with its Liberator field development plans despite struggling to overcome stumbling blocks with a potential joint venture partner.
Faroe to ramp up exploration, pursue M&A opportunities as profits appear
Faroe Petroleum will participate in seven wells by the end of next year as the North Sea oil firm "ramps up" exploration activity.
SNP put independence before North Sea oil, Rennie says
The SNP is being challenged to "get off the fence" and back calls for a referendum on the terms of Brexit.
Opec needs to keep oil supply deal as demand faces headwinds
OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces “headwinds,” the head of the organization said.
Zennor in ‘strategic’ swoop for Britannia stake
North Sea oil firm Zennor Petroleum will buy a stake in the Britannia field, which will serve as the export route for its Finlaggan asset.
OPINION: Iran’s export pain could mean a hot winter for oil
Winter is coming, and the oil market is starting to look pretty tight.
Banking world’s oil expert delivers mixed news for North Sea
One of the banking world’s leading oil and gas experts had mixed news to deliver for the North Sea on a flying visit to Aberdeen.
Tale of two oil markets: Brent bulls split from US optimists
For oil investors, this is both the best of times and the worst of times, depending on which crude benchmark you trade.
Total hands out ‘final offer’ to North Sea workers
Oil giant Total has submitted a "final offer" to disgruntled workers in an attempt to halt further strikes on three of its North Sea rigs.
No impact on UK licensing regime from ‘no deal’ Brexit
A “no deal” Brexit will not impact the UK oil and gas sector’s licensing regime, but would alter obligations for emergency stores, the government has confirmed.
OGA presents bold vision for Sullom Voe Terminal
The UK’s oil sector regulator has presented a bold vision of what the future might hold for a major terminal in Shetland.
Siccar Point delays Lyon well as harsh winter weather looms
Siccar Point Energy has delayed the drilling of an exploration well on one of the North Sea’s hottest prospects until next year.
Aberdeen suppliers could profit from Indian production drive
North-east firms can cash in on India’s drive to reduce oil and gas imports by 10% by 2022, guests heard at an Aberdeen event.
‘Single lift’ decommissioning job for Ninian North
A heavy lift vessel contractor has provided a ringing endorsement of Shetland’s credentials for handling major decommissioning jobs.
Harbour project hope for government green light
A major project aimed at helping Shetland win more decommissioning work does not hinge entirely on the UK Government agreeing to provide financial support, Scotland’s energy minister said yesterday.
Ultra-deep port would ‘fill gap’ in UK market, Lerwick chief says
The boss at Lerwick harbour said building an ultra-deep-water port in Shetland would “fill a gap” in the UK decommissioning market.
UPDATED: Pioneering Spirit owner Allseas picks Lerwick for ‘single lift’ job
Shetland’s bid to cement its place as a major North Sea decommissioning centre has been given the seal of approval by a heavy lift vessel contractor.
Oil soars as speculation mounts of US-China trade dispute
Oil rose after the biggest weekly loss in two months as speculation of a crude supply shortage took precedence over escalating trade tensions between the world’s two biggest economies.
Shell, Total, Equinor apply for CO2 licence
Big energy players Shell, Total and Equinor have applied to the Norwegian Petroleum Directorate (NPD) for the right to inject and store carbon dioxide (CO2) as part of their Northern Lights project.
Scottish Government backs Lerwick’s candidacy for deep-water port
Shetland’s hopes of securing a bigger slice of the multi-billion pound North Sea decommissioning market have received a boost.
Decommissioning uptick threatens future of small reservoirs, report says
An uptick in offshore decommissioning could make it harder for companies to develop smaller oil reservoirs using existing, ageing infrastructure, a new report said.