Erskine production to resume in September as pipeline work continues
Serica Energy said today that production from the Erskine field would resume in September as work continues on a new export pipeline.
oil
Verbier partners to pay for new survey of licence area
The owners of a licence containing a significant North Sea discovery have agreed to pay for a new 3D seismic survey of the area.
Oil rises on flaring geopolitical risks, shrinking stockpiles
Flaring geopolitical tensions in the Middle East coupled with expectations for a decline in U.S. stockpiles are boosting oil to trade near $69 a barrel.
Aberdeen hotels continue to feel oil slump
Aberdeen hotels had the worst occupancy rates in the UK during 2017, new figures show.
NOV opens new £41.7m base in Kintore
Oil service giant NOV said today that it had invested £41.7million in its new base in Kintore, Aberdeenshire.
Weir in £900m takeover of US mining tools firm
Scottish engineering firm Weir Group plans to buy US mining tools firm Esco Corporation for about £900million.
Aibel nets £115m deal to upgrade Njord Bravo
Norwegian oil service company Aibel has won a contract worth £115million for upgrading the Njord Bravo storage and offloading vessel.
Tense wait for oil market as Iran sanctions too close to call
Global markets for equities, currencies and metals have all been hit by the uncertainty over what President Donald Trump’s next geopolitical move would be. Oil’s about to have a turn.
Ares, Castle Harlan among private firms pouring cash into Houston’s oil industry
Private equity firms including Ares Management and Castle Harlan poured more cash into Houston energy operations this week, snapping up local companies' oil assets and opening new offices here in a string of deals as rising crude prices stir up new fervor among private groups.
Total’s North Sea boss Proust to retire
Total said yesterday that its UK North Sea boss, Elisabeth Proust, will soon retire after three years at the helm.
Updated: Workers warn of further disruption on key North Sea field
Workers are understood to be considering downing tools on the Mariner field again.
Hunting says North Sea activity ‘subdued’ despite contract wins
Energy service firm Hunting said today that activity in the North Sea remained “subdued”, despite winning a number of contracts in the UK and Netherlands in the first quarter.
New HQ to help growth at DeltaTek
Well construction specialist DeltaTek has completed a move to new headquarters in Dyce, Aberdeen, as part of ambitious expansion plans.
Oil rebounds as Opec signals deal extension
Oil rebounded from the biggest loss in more than a week as OPEC hinting at extending output cuts fanned optimism and investors anticipated a drop in U.S. stockpiles.
ONE to help Shell, Conoco answer decommissioning problems
Two economic development bodies will join forces in the crusade to anchor the oil and gas supply chain in the north-east.
IOG wraps up Thames pipeline deal
Independent Oil and Gas (IOG) has completed its acquisition of a pipeline in the southern North Sea.
Aker BP wildcat well comes up dry
Aker BP has drilled a dry well near the Knarr field in the Norwegian North Sea. Wildcat well 34/2-5 S was drilled on production licence 790, which was awarded in 2014. The well has been permanently plugged and abandoned by the Transocean Arctic rig.
KCA Deutag secures North Sea drilling contract extension
Aberdeen-headquartered KCA Deutag (KCAD) has secured an extension to its drilling contract with Point Resources in Norway.
Statoil to hand Odfjell $160m contract for six wells
Statoil plans to hand Odfjell Drilling a $160million contract for drilling six wells.
Oil bust forced 330 North American energy companies to fold, report says
Falling oil prices sent 335 energy producers, oil field service companies and pipeline operators in North America into bankruptcy court since early 2015, according to the latest tally by Haynes & Boone.
Fire broke out in sauna on Goliat oil rig
Italian oil giant Eni said today that a fire had broken out in the sauna on its Goliat oil rig off Norway.
North Sea bidding round to revive exploration, farm-outs, Cluff says
A North Sea oil pioneer has said the current offshore licensing auction could revive exploration and farm-out activity.
Updated: ConocoPhillips to axe 450 workers in UK
Energy giant ConocoPhillips said yesterday that it would lay off about 450 workers across the UK, dealing a blow to hopes for a North Sea recovery.
ConocoPhillips to axe 450 jobs in UK
Energy giant ConocoPhillips has confirmed plans to axe 450 jobs across the UK, reducing its headcount by more than a third.
Oil worker taking on ‘toughest footrace on Earth’ in Sahara Desert
A Tayside man currently taking part in what has been dubbed “the toughest footrace on Earth” is on track to become one of the world’s elite ultra-marathon runners.