‘Unclear’ Brexit could lead to increased costs for oil and gas industry
The oil and gas industry was last night warned it will feel the hit of increased costs in retaining skilled workers as a result of Theresa May’s “unclear” draft Brexit deal.
Oil
Cairn hits dust with Ekland well in North Sea
Scottish oil firm Cairn Energy said today that its first operated exploration well in the UK North Sea had come up dry.
Drive to recruit former oil workers into teaching attracts seven people
A Scottish Government scheme set up to help oil workers who lost their jobs in the downturn retrain as teachers has recruited just nine people since it launched.
Marine jobs potential after ‘shock of North Sea oil exploration’
Keeping old oil and gas platforms in place could be a “triple win” for the North Sea, creating a fresh wave of employment, according to a conservationist group.
Operators urged to ease off on the supply chain
The boss of an Aberdeen oil field services consultancy has urged operators to ease the pressure on the supply chain after another challenging year for industry.
North Sea oil and gas production predicted to go on for at least 20 years
Reserves from the North Sea are sufficient to help sustain oil and gas production for at least the next 20 years, new figures indicate.
Aberdeen’s oil wealth ‘not shared equally’ says council co-leader Jenny Laing
Aberdeen’s massive oil wealth has not been shared equally among the city’s residents, the council’s co-leader admitted yesterday.
Shell’s North Sea business a ‘source of inspiration’, Brexit not a threat, CFO says
Shell’s chief financial officer said today that the firm’s UK North Sea division was a “source of inspiration” for the rest of the group.
Oil firm Tenaris to move into Marischal Square
Oil and gas supply company Tenaris is the latest business to take space at the Marischal Square development in Aberdeen.
Oil sector to ‘feel the heat’ over changes to contractor pay rules, says tax expert
The oil and gas sector is bracing for the “extensive impact” of changes to off-payroll working rules announced in the chancellor’s budget, according to a tax expert.
‘Be bolder’ in going for contracts, firms urged
North-east firms should “definitely” be bolder when going for offshore wind supply contracts, a project boss said yesterday.
Growth and jobs secured at Survivex after buyout
The new owner of Survivex said yesterday that growth was on the cards for the north-east offshore survival trainer.
Shell hails one of best ever quarters as earnings leap 37%
Royal Dutch Shell has cheered one of its “strongest ever quarters” as surging oil prices drove earnings up 37%.
Church of Scotland chiefs condemn North Sea oil giants
Church chiefs have urged North Sea oil bosses to review their green credentials in light of a major international climate deal.
Tech firm invests in new bases to service demand
A north-east oil and gas technology firm has opened two new offices in a bid to support demand for its pioneering, torpedo-esque data logging tool.
Concerns over cuts amid rising oil price put to rest
The oil and gas industry welcomed the chancellor’s announcement on stable tax measures and plans to make Scotland a “global decommissioning hub”.
Report proposes increase in offshore drilling
A new report has set out recommendations for the management and development of North Sea oil wells.
Towering mounds of cereals processed by the silvery Tay
Giant jack-up rigs, towering cruise ships and the huge vessels that support the North Sea oil and gas industry dominate the Port of Dundee skyline, but at the port’s traditional heart is a quiet agricultural operation that handles more than 250,000 tonnes of produce every year.
Section of central Aberdeen road down to one lane after oil spill
A busy Aberdeen road has been reduced to one lane after an oil spill.
Oil service boss banned over tax inaccuracies
A north-east engineering boss has been banned from running companies for seven years after failing to pay correct tax.
BP boss says North Sea key test ground for tech
The North Sea could be used as a testing ground for new innovations to be exported around the world, says BP’s technology boss.
Union reps have been put on notice, says Unite
Offshore services firm Bilfinger Salamis said it completely rejects claims that union representatives were removed from the North Sea Culzean project.
Oil and gas boost starting to trickle down to subsea sector
The subsea industry is finally starting to feel the positive effects of improved market conditions in oil and gas, despite this week’s closure of the Underwater Centre.
Hard Brexit could mean grounding support fleet
There will not be enough UK seafarers to maintain the North Sea’s offshore support vessel fleet in the event of a hard Brexit, according to an organisation for ship operators.
i3 Energy gets help in Liberator farm-out
North Sea firm i3 Energy has appointed acquisitions and divestitures adviser FirstEnergy Captial to assist with the company’s farm-out process for the Liberator development.
Milestone in Hurricane Lancaster development
Hurricane Energy has confirmed the sail-away of the production vessel for its huge Lancaster development west of Shetland.
Shell gives North Sea FID number 11 this year, six more to go, Woodmac says
Shell’s decision to go after gas from the Arran field gave the UK North Sea its 11th project sanction of 2018.
New chapter starts on Fulmar installation as production stops
North Sea oil firm Repsol Sinopec Resources UK (RSRUK) has said that shutting down production from Fulmar does not spell the end for the platform.
Rising number of Aberdeen oil workers report financial problems
The Granite City is seeing “more and more cases” of former oil and gas workers reporting money woes, a homeless charity boss has said.
Watchdog clears way for merger of energy giants
Scottish utility SSE and Germany’s innogy claim consumers will be the winners as the competition watchdog approved a merger of two of Britain’s biggest energy suppliers.
Latest deal continues Texo Group’s acquisition spree
Fast-growing, north-east engineering firm Texo Group has announced the latest in a series of acquisitions.
Hibiscus forks out £28.5m for UK North Sea blocks
Malaysian oil firm Hibiscus Petroleum will buy stakes in two UK North Sea discoveries for £28.5 million.