The world’s largest civilian cargo plane has helped deliver two helicopters to Aberdeen for Babcock Offshore’s North Sea operations.
Anglo-Dutch energy giant Shell said today that it faced criminal charges over the purchase of a Nigerian oilfield in 2011.
UK energy service giant Petrofac more than doubled its profits last year despite taking a hit on the sale of its stake in the Greater Stella Area.
Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders.
A huge project to rejuvenate a vital North Sea pipeline system will deliver a jobs boost for the north-east.
Petrochemicals giant Ineos will invest £500 million to extend the life of a key North Sea pipeline system by “at least 20 years”.
RockRose’s swoop for Marathon Oil’s UK business will breathe new life and investment into “unloved and marginal” North Sea assets, an analyst said yesterday.
Tight margins and unrelenting volatility in the oil and gas market put a crimp on Saltire Energy’s profits in 2017-18. But the Portlethen-headquartered oilfield equipment rental firm said it was “managing the market well” and “adapting to the pressures”. >> To read more on Energy Voice, click here <<
Entrepreneur and philanthropist Michael Spencer will further increase his stake in North Sea oil firm Cluff Natural Resources (CLNR). Mr Spencer, a multi-millionaire backer of the Conservative Party, has struck a deal to purchase 10.6 million shares from Algy Cluff, CLNR’s chairman, for 3.5p each. >> To read more on Energy Voice, click here <<
A new chief executive has been selected for Aberdeen-headquartered oil company Dana Petroleum. A spokesman for Korea-owned Dana confirmed that Yongwoo Kang is being appointed as Roy Elliot’s permanent replacement. >> To read more on Energy Voice, click here <<Yongwoo Kang
RockRose Energy said today that the production lives of two North Sea fields had been extended by at least five years to 2029.
Offshore vessel owner Prosafe has revealed it will shed up to 150 jobs through voluntary redundancy in a effort cut operating costs.
Oil companies will pay their fair share of the multi-billion pound UK North Sea decommissioning bill, a trade body has said.
FrontRow Energy Technology Group has secured a follow-on investment worth £10 million from the Business Growth Fund (BGF) to drive forward its expansion.
An oil and gas consultancy owned by a north-east entrepreneur celebrated £3.14 million worth of contract wins in the fourth quarter of 2018.
The resilience of North Sea industry’s recent cost cutting crusade faces an acid test in 2019, a new survey shows.
Nearly half of oil and gas professionals are worried about an “impending talent emergency”, a new employment trends poll shows.
Oil firm Hurricane Energy’s efforts to start production from its Lancaster field have suffered a setback.
North Sea oil firm Repsol Sinopec Resources UK (RSRUK) has opted to stick with three week offshore rotas on its platforms after concluding a review.
Oil giant Shell has revealed the vessel for its Curlew field in the North Sea would be taken to Turkey for dismantling.
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.
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.
The boss at M2 Subsea (M2S) has jumped ship to another remotely-operated-vehicle (ROV) specialist after “winding down” the firm — less than three years after its launch.
A heady cocktail of beefed up budgets and fierce competition for acquisitions will create a “renaissance” for North Sea exploration this year, analysts said.
Trac Oil and Gas’s boss said yesterday that he was “generally satisfied” with the firm’s latest accounts, which showed “strong growth during challenging times”.
Bosses at DNO have warned they will “not go away” after falling short with their hostile takeover offer for Aberdeen-headquartered oil firm Faroe Petroleum.
Bosses at DNO have picked apart a report indicating its takeover bid for Faroe Petroleum was too low. DNO also said it was “troubled” by Faroe’s latest exploration disappointment with the Brasse East well. It follows last month’s disappointment with the Cassidy exploration well offshore Norway. >> To read more on Energy Voice, click here <<
Norwegian firm DNO has given Faroe Petroleum shareholders another two weeks to accept its takeover offer after falling short of its target.
Faroe Petroleum said today that a fresh evaluation of its portfolio highlighted the “inadequacy” of DNO’s takeover bid for the firm.
Bosses at Faroe Petroleum have ordered an independent valuation of the oil firm’s assets as they seek to fend off a hostile takeover attempt.
Expansion into new markets and continued investment in equipment put Aberdeenshire-based Flowline Specialists back in the black in 2017-18.
The oil industry will get an update on its bid for a money-spinning sector deal in “weeks, not months”, the UK’s energy minister said yesterday.