North Sea industry hopes oil settles at $60-70 for longer
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.
Oil
US firm Sphera swoops for Petrotechnics brand
Scottish technology firm Petrotechnics is now under US ownership following its sale by shareholders including chief executive Phil Murray and the Business Growth Fund (BGF).
Down-manning forces cancellation of North Sea strike vote
A strike ballot on one of the UK’s largest offshore gas projects has been forced to be cancelled.
SPONSORED: Funding need not be daunting
As Scotland’s energy sector transitions to a lower-carbon future, diversification has become a buzzword for businesses looking to take advantage of new opportunities.
Aberdeen University’s South Korea campus plan defeated by oil downturn
Aberdeen University has been forced to abandon an ambitious plan to create an international campus in South Korea.
DNO threatens to terminate bid for Faroe Petroleum
DNO has threatened to withdraw its bid to acquire Aberdeen-based Faroe Petroleum if a decision is not made by January 2.
Spark could be sitting on one billion barrels of oil
Australian firm Spark Exploration could be sitting on oil reserves of more than one billion barrels in the Rona Ridge area in West of Shetland waters.
EnQuest to review North Sea rotas
EnQuest has announced plans to review offshore rotas for workers on several of its North Sea assets.
UK Government update on oil sector deal in ‘weeks, not months’
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.
Subsea 7 picked for major project at Shell’s Shearwater platform
Energy service giant Subsea 7 has won the contract for a major North Sea infrastructure project with Shell.
Off-payroll rule changes to ‘acutely impact’ North Sea oil sector, tax expert says
Changes to off-payroll working rules will “acutely impact” the North Sea oil and gas sector, a tax expert has warned.
Speculation mounts as race begins for Chevron assets
Speculation arose last night as two oil and gas operators emerged as potential bidders for a package of Chevron’s North Sea assets.
Aker Solutions boss appointed to OGUK board
A boss at Aker Solutions has been appointed to the board of Oil and Gas UK (OGUK).
Aberdeen servers hit in Saipem cyber-attack
Italian oil services firm Saipem has confirmed that a major cyber-attack targeting the firm hit servers in Aberdeen.
Petrofac launches ‘Innovation Zone’ at Aberdeen base
Petrofac has launched a new facility to take advantage of the “enormous potential” of digital technology to benefit the North Sea and wider oil and gas sector.
Oil firms urged to join forces to revitalise exploration in North Sea
The Oil and Gas Authority (OGA) will make a new batch of data available to help revitalise exploration in the UK Continental Shelf.
Firm planning first with submersible drilling rig
An Orkney company is aiming to create a global first with a £1.5 million project to develop a new submersible drilling rig for use in the offshore renewable energy sector.
1,400 oil and gas jobs predicted to be lost in Aberdeen in next three years
Around 1,400 jobs in oil and gas based in Aberdeen are expected to be lost in the next three years, according to a new report.
Rebound in oil if traders think cartel cut ‘for real’
A backstop could be placed on the recent oil price freefall if traders are convinced Opec proposals to cut global production are “for real”, according to a top petroleum economist.
Labour and SNP MPs clash over future of North Sea oil reserves
Oil exploration will need to be abandoned and huge volumes of black gold left in the ground if the UK is to meet climate change targets, the Labour Party said yesterday.
North-east transformation will boost key industries says business tycoon
Oil and gas tycoon Sir Ian Wood has revealed ambitions to transform the north-east as a global adventure destination - and give a boost to key industries such as fishing and hospitality.
Faroe urges shareholders to snub ‘opportunistic’ DNO bid
Bosses at Faroe Petroleum urged investors to snub a hostile takeover offer from Norwegian oil firm DNO and hold onto their shares. Aberdeen-headquartered Faroe said the unsolicited, £444m bid was “opportunistic and substantially undervalued” Faroe. The London-listed firm encouraged shareholders to take no action. >> Read more on Energy Voice here <<
Fresh faces snapping up space for Offshore Europe 2019 as new venue beckons
Aberdeen’s new £333 million conference centre is fuelling fresh interest in one of the biggest oil and gas industry exhibitions on the international calendar.
Oil and gas will be ‘challenged’ by Brexit immigration issue
Key industries such as oil and gas and higher education will be “challenged” by immigration issues arising from Brexit, according to an Aberdeen academic.
Government to outline carbon capture plans
The UK Government will set out long-awaited plans to roll out carbon capture and storage technology later this month.
ConocoPhillips confirms ‘unsolicited offer’ for North Sea portfolio
US oil giant ConocoPhillips said yesterday that it had received an “unsolicited offer” for its UK North Sea portfolio.
‘Damaging’ uncertainty for oil and gas in draft Brexit deal
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.
‘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.
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.