North Sea firms enjoy share price bump on OPEC deal
North Sea firms ranging from BP to Hurricane Energy have enjoyed share price hikes after a deal was reached by OPEC to curb oil production.
Petrofac
Petrofac leans on ‘art of the possible’ mindset to develop digital tools saving clients millions
A technology chief at Petrofac says the energy service firm adopted the “art of the possible” philosophy in its mission to bring new digital products to the oil and gas inspection and maintenance market.
Seapulse deal ‘still alive’ despite going quiet, says Maersk Drilling
The chief operating officer of Maersk Drilling has said its deal with fledgling explorer Seapulse, targeting four billion barrels worldwide, is “still alive”, despite news going quiet over the last year.
Unions and employers agree extension to ‘nail down’ new deal for North Sea workers
Employers and unions have given themselves extra time to conclude a new collective bargaining agreement for thousands of North Sea workers.
Petrofac warns of additional cost cuts as clients adopt ‘tough’ stance
Energy service firm Petrofac announced today it would be taking “additional measures” to “right-size” the business and reduce its costs.
North Sea industry celebrates achievements at OGUK Awards 2020
The achievements of the UK oil and gas industry’s leading lights were celebrated in a virtual awards ceremony last night.
Petrofac starts up largest CDU in Kuwait
Kuwait’s Clean Fuels Project has started up the country's largest crude distillation unit (CDU) 111, at the Mina Abdullah refinery.
Bilfinger Salamis boss says ‘never say never’ to new North Sea contractor deal
The head of Bilfinger Salamis UK has said “never say never” to the potential for the firm's return to a collective deal for North Sea contractors.
ETIDEX: O’Neill calls to get serious on hydrogen
UK Prime Minister Boris Johnson’s 10-point plan put hydrogen at number two on the list, but panellists at session four of Energy Voice’s ETIDEX event wanted more clarity.
OGA plans year-long trial to tackle ‘bugbear’ late payments for North Sea suppliers
The Oil and Gas Authority (OGA) is planning a year-long trial to tackle the “bugbear” of late payments for North Sea suppliers.
Anticipation builds ahead of EV’s ETIDEX event next week
Leading voices from the world of industry will get to grips with the energy transition’s biggest questions at a free online event in one week’s time.
‘Historic’: Union boss hails progress on ground breaking North Sea deal
A trade union boss has hailed the progress made by the oil and gas industry in its quest to create a new collective deal covering thousands of North Sea workers.
Plans to link pay with oil prices in new deal for North Sea workers
A new deal covering thousands of North Sea workers could include a “rate adjustment mechanism” linking pay with oil and gas prices, a key figure behind the talks said.
Petrofac ready to take Perenco to court over Mexico payments
Petrofac will start legal proceedings against Perenco to recover a balance of $80.2 million plus interest related to the sale of the remaining 51% of its Mexican operations.
IOG picks Noble rig for southern North Sea core project
Independent Oil and Gas (IOG) has awarded the rig contract for phase one of its core project to Noble Corporation.
Anasuria appoints former Petrofac North Sea boss as chief operating officer
Anasuria Operating Company has appointed Peter Kavanagh, a former North Sea boss at Petrofac in Aberdeen, as its new chief operating officer.
Shell, Total and Wood among finalists for 2020 OGUK Awards
Trade body Oil and Gas UK has announced the shortlist for this year’s instalment of its prestigious OGUK Awards.
Tailwind Energy succeeds with new central North Sea well
UK North Sea oil firm Tailwind Energy is celebrating production from a new well on the Bittern field.
Work on new collective deal for North Sea workers ‘moving forward’
Efforts to create a new collective agreement for North Sea workers are understood to be “proceeding”.
North Sea big hitters rally behind new deal for offshore contractors
More than 20 North Sea oil industry big hitters are rallying behind a new collective deal for workers ahead of a critical deadline this week.
Shift to renewables could be a painful transition for offshore supply chain
Potential pitfalls await those unprepared for the push towards diversification from conventional energy writes Gregory Brown, Maritime Strategies International.
Petrofac finds new CEO in former Shell VP Sami Iskander, Asfari to retire
Petrofac has found its new CEO in former Shell vice president Sami Iskander, as long-term boss Ayman Asfari announces his plans to retire.
Petrofac to support Australia’s largest commercial-scale green hydrogen project
Petrofac has been awarded its first ever green hydrogen front end engineering design (FEED) contract.
Firing the starting pistol on countdown to COP26
World leaders were due to convene in Glasgow for the UN Climate Conference (COP26) in November for what was anticipated to be a transformational moment in the energy transition.
Petronas seeks investors to revive Malaysian upstream as majors exit
After reporting a $5 billion loss, Malaysian national oil company (NOC) Petronas is eager to see new money flow into its domestic upstream sector, especially as the majors, such as ExxonMobil, seek to exit the Southeast Asian nation.