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Latest news - Regional

Wood Group slips to loss as it hails recovery

Energy services firm Wood Group posted results ahead of expectations as it grew revenue despite additional charges pushing it to a loss. Shares in the firm swelled five per cent in early trading after the update. It told investors its outlook remained unchanged as it hailed a recovery in its oil and gas division. The firm also told investors its integration of its takeover of Amec Foster Wheeler was ahead of schedule, as it raised its three year cost-savings target from $170m to $250m....

Motive expands fabrication division at North east base

Marine equipment specialist Motive Offshore has expanded its fabrication division at its main site at Boyndie in North-east Aberdeenshire with a £250k investment to offer a more enhanced service to clients whilst secured a key appointment to manage the division. The expansion will allow the company, which specialises in the manufacture, rental and servicing of high quality marine equipment and associated services, to supply a more robust fabrication service. A large amount of Motive&...

Global demand for Limited Edition Oil and Gas Monopoly boards

A new version of the Monopoly board game is now available to raise money for the memorial gardens in memory of Piper Alpha, attracting interest from as far afield as Congo and New Zealand. The world’s worst offshore disaster killed 167 men working in the North Sea. Now a new Monopoly game has been launched to raise money for the charity Pound for Piper, which works to ensure the men who lost their lives 30 years ago are never forgotten. And already, more than £40,000 has bee...

Decom North Sea Boosts Operator/Supply Chain Connections

Decom North Sea, the membership organisation for the oil and gas decommissioning sector, has announced its inaugural Collaboration and Innovation in Decommissioning event, in conjunction with the Oil and Gas Authority (OGA). Held in Aberdeen next month, the event will bring operators and the supply chain together in a highly focused environment, to discuss decommissioning project challenges and opportunities. Several North Sea operators – including BP, Fairfield Energy and TAQA - are...

Premier Oil’s Tolmount development sanctioned

Premier Oil PLC has today announced that the development of its Tolmount Main gas field has been sanctioned by the joint venture and infrastructure partners. The Premier-operated Tolmount Main gas field, located in the Southern North Sea, is expected to produce around 500 Bcf of gas (96 mmboe) with peak production of up to 300 mmscfd (58 kboepd). The project entails a minimal facilities platform exporting gas to shore via a new gas pipeline. The EPCIC (Engineering, Procurement, Constructio...

North Sea production recovery fuels fears of tax blow in Budget

The UK Treasury is set to miss out on billions in tax revenues from higher oil prices this fiscal year, as a result of tax changes that are coming under scrutiny following a recovery in production in the North Sea.Oil prices have risen above $70 a barrel this year for a sustained period for the first time since prices fell to below $30 in 2016. In sterling terms, prices have risen even further because of the weakening pound.But according to Financial Times analysis, UK tax revenues from the Nort...

North Sea oil and gas firm set to step up drilling activity

NORTH Sea focused Independent Oil & Gas is preparing to ramp up exploration activity in the area after lining up £15 million funding from financiers.The company plans to use the money to drill a well to appraise the Harvey find which it reckons has big potential.Chief executive Andrew Hockey noted Harvey is estimated to contain up to around 286 billion cubic feet of gas.The results of the well will be studied closely amid hopes firms like Independent can provide a valuable boost to activity...

Total’s New Approach In the North Sea

Operating in the North Sea comes with challenges, particularly high costs, for the oil and gas sector. But Total has grown its assets in the region with the acquisition of Maersk Oil. From the perspective of Martin Rune Pedersen, vice president of Total’s operations in Norway, Denmark and the Netherlands, the industry is pretty good at finding hydrocarbons, but when it comes to turning discoveries into developments they could do better. “To improve that we need to utilize techn...

Workers to strike at three Total North Sea oil and gas platforms on Aug. 20

Workers at three of French oil company Total’s  North Sea oil and gas platforms will go ahead with a 24-hour strike on Monday despite holding talks with the company on Thursday in a dispute over pay and conditions, the Unite union said.The three platforms are Alwyn, Elgin and Dunbar.“The scheduled 24-hour stoppage on Monday (20 August) will still go ahead as planned,” Unite said in an emailed statement.The workers are striking over proposed changes to their working rotas and pay.The union s...

Six-figure R&D investment sees offshore wind success for Aleron’s hybrid ROV

Aberdeenshire-based ROV and tooling engineering firm, Aleron Subsea, has announced its first contract win for its new hybrid TRACKROV technology which will see it supporting unexploded clearance work on a major renewables project in The Netherlands. Following a six-figure sum investment in research and development, the TRACKROV has been mobilised to carry out unexploded ordnance identification (UXO) surveys on a wind farm route clearance project in the region. The TRACKROV vehicle has been...

Spirit Energy strikes out in the Barents Sea

Spirit Energy Norge AS, operator of production license 852, has concluded the drilling of wildcat well 7322/7-1. The well is dry. The well was drilled about 120 km north of Johan Castberg field in the Barents Sea, and 310 km north of Hammerfest. The objective of the well was to prove reservoirs and petroleum in Lower Cretaceous rocks in the Kolje formation. No reservoir rocks were encountered in the Kolje formation. The well is dry. Data acquisition and sampling have been carried out....

Conoco confirms decom plan for Southern North Sea

US oil firm ConocoPhillips has revealed its plans for decommissioning a host of southern North Sea installations. It comes on the same day ConocoPhillips confirmed the Theddlethorpe Gas Terminal in Lincolnshire had stopped sending gas to the grid. The decommissioning plan covers the Viking KD, LD and AR installations, the four topsides that make up the Viking Bravo hub, and the Vixen VM subsea manifold. Conoco has also handed in a separate programme for the Victor JD installation and th...

Texo Group Acquires Orca Subsea

Texo Group is pleased to announce the acquisition of Aberdeen-based, Orca Subsea to form Texo Marine. The engineering and technology group, which announced its launch last month is rolling out an ambitious and transformative strategy to meet the immediate and long-term strategic value-add needs of their clients. Texo Marine will provide its clients with a range of support, technology and engineering services, specifically tailored to diving and ROV applications. Their management team compr...

Faroe Petroleum generates excitement with Shetland exploration prospect

Faroe Petroleum has shown faith in the exploration potential of the UK North Sea by agreeing to buy into acreage East of Shetland after focusing recent investment on Norway.Aberdeen-based Faroe is farming in to a well targeting prospects it is thought may contain up to around 100 million barrels in total.The oil and gas firm leading well operations, Azinor Catalyst, expects to start drilling on the licence concerned this month.Aim-listed Faroe will fund 25 per cent of the expected $15m cost of t...

Petrofac awarded Basra Oil Company EPC contract

Petrofac has been awarded a contract worth around $370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in Majnoon field, Southern Iraq. Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes two oil processing trains, able to process 200 kbopd. Petrofac was previously awarded a contract in 2011 and delivered engineering, procurement and construction management f...

Independent engineering company Infinity sees record growth following contract award from Apache North Sea Ltd on the Seagull development

Infinity has been awarded a substantial contract for the Seagull development, a subsea tie-back to a third-party platform. The project will see Infinity support the pre-FEED & FEED providing production assurance, pipeline integrity engineering and subsea technical assurance on behalf of Apache. The Seagull win comes amid a period of sustained growth for Infinity who has added a further four engineers to their team in recent months. To support this success, Infinity’s engineering div...

Take a 360 virtual tour and experience life on an oil rig

Have you ever wondered what life is like on an oil rig in the North Sea? In his immersive video, one worker takes you around the Shearwater platform. You control the camera - look up, down, and around, and experience life aboard an oil rig. Shell is celebrating its 50th anniversary of operating in the North Sea.

Neptune Energy Group Agrees to Acquire UK Central North Sea Assets

Neptune Energy Group (“Neptune”) announced today that it has entered into a Sale and Purchase Agreement to acquire certain development and exploration assets in the UK Central North Sea from Apache North Sea Limited (“ANSL”), a wholly owned subsidiary of Apache Corporation (“Apache”). Neptune will acquire Apache’s 35% working interest in the Seagull development and a 50% working interest in the Isabella prospect; both operated by ANSL. The proposed tr...

DNV GL appoints Tim Roff to lead expansion in the UK onshore gas sector

London, 13 August 2018 :  DNV GL, the technical advisor to the global oil and gas industry, has appointed Tim Roff as market sector leader for the UK onshore gas industry. His role will focus on developing and introducing new DNV GL services to the owners and operators of the gas network infrastructure. Tim has more than 25 years' experience in technical, managerial, and commercial roles and he previously worked with the HSE and the Health and Safety Laboratory. He joins DNV GL with...

Strike to go ahead at Total North Sea platforms Monday

The UK's Unite trade union is set to go ahead with a 12-hour strike Monday at Total's North Sea oil and gas platforms as a dispute over shift patterns continues, while a separate dispute at the Shetland Gas Plant has been resolved, the union said. Monday's strike will be the fourth strike day in the dispute, some of them for 12 hours and some 24 hours. The dispute, suggesting a greater willingness by unions to flex their muscles, comes as major North Sea producers have declared...
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