Continued decline in turnover for oil support services ‘concerning’
Companies supporting the oil and gas sector have seen their turnover decline for the third year in a row, a new report revealed.
Oil
BP sees annual profits more than double
BP has seen profits more than double to 12.7 billion US dollars (£9.7 billion) for 2018, following higher oil prices and after it launched a raft of new projects.
Shell profits soar to highest in four years
Royal Dutch Shell has revealed its biggest profit haul for four years after earnings surged 36% thanks to higher oil and gas prices.
Shell posts £16.3bn profit haul for 2018
Royal Dutch Shell has notched up a 36% hike in annual earnings thanks to higher oil prices.
Major North Sea discovery announced by oil and gas companies
A significant new gas discovery has been made in the North Sea.
Major milestone as BP hits Clair Ridge first oil
Energy giant BP today delivered a huge boost to North Sea industry after announcing first oil from its Clair Ridge mega-project.
First oil produced using new technology in field west of Shetland
Energy giant BP has used technology designed to maximise oil production offshore for the first time, as it began pumping oil from a new development west of Shetland.
Aberdeen uni researchers raise North Sea production forecast by 4 billion barrels in ‘bullish’ new report
Aberdeen University researchers have predicted a huge improvement in the UK North Sea’s prospects in a new report.
Aker fabrication blow risks loss of 30 jobs in north-east
An oil and gas services company has said up to 30 jobs could go in the north-east.
Strikes could put off fresh North Sea investment, says BMI
Increasing incidents of North Sea strike action risk project delays and putting off new investment, according to BMI.
North Sea ‘suffering’ as firms offload assets, says analyst
The North Sea is “suffering” due to firms looking to more attractive regions of the world to invest, according to an analyst.
North Sea to maintain output levels into mid-2020s, says WoodMac
The North Sea will be able to maintain its current output levels for nearly a decade, according to one of the most influential oil consultancies.
Oil price boost helping closure-threatened Gordon Highlanders Museum
The chief executive of Aberdeen’s Gordon Highlanders Museum has said a jump in oil price has helped keep business going in the face of closure.
Shell to invest in North Sea Fram field
Oil giant Shell has announced today that it will invest in the Fram gas and condensate field in the UK North Sea.
‘Natural cull’ of Aberdeen businesses following oil downturn
A business leader has claimed that a “natural cull” among Aberdeen city centre firms may be under way due to the oil industry downturn.
This oil-eating bacterium could help clean up ocean spills
Could oil-feeding bacteria be the solution to the environmental crisis faced by our world’s oceans?
Apache makes multi-million barrel oil discovery in North Sea
US firm Apache has announced it has made a 10 million-barrel oil discovery in the North Sea.
Global oil demand to peak by late 2030s, says BP
Energy giant BP has predicted global oil demand could peak by the late 2030s.
Report states North Sea oil and gas firms ‘came back from brink’ last year
The North Sea oil and gas industry came “back from the brink” last year – according to a new report.
Oil worker says paperwork blunder put him at risk of being thrown in jail while working in Ghana
An engineer employed by an Aberdeen oilfield firm today claimed he could have been thrown into an African jail due to a work permit mix-up.
Thieves stole 2,000 litres of heating oil from North-east primary school
Thieves stole roughly 2,000 litres of heating oil from a North-east school, forcing it to close yesterday.
Oil rigs could be transformed into nightclubs, prisons and hotels
The North Sea’s oil rigs could be transformed into nightclubs, prisons, hotels and distilleries in the future, according to a new report.
Ineos says Forties pipeline repairs ‘progressing well’
Petrochemicals giant Ineos said today that it was making “steady progress” in its efforts to fix the Forties pipeline.
Aberdeen man to appear in court over allegations of paying bribes for Iraq oil contracts
An Aberdeen man has been charged with conspiring to pay bribes to secure oil contracts.
North Sea oilfield could contain three times as much oil as previous predictions
A North Sea oil and gas firm who may have discovered a huge untapped discovery west of Shetland has tripled its estimate of how much oil could be recovered.
Oil workers’ cancer fears after North Sea rig radiation exposure
Oil workers have been left fearing they will develop cancer after being exposed to radiation while on a North Sea platform.
Non-essential staff evacuated from BP North Sea rig after power cut
A BP spokesman this morning confirmed it was evacuating all non-essential personnel after a power cut hit its West of Shetland Clair platform.
Investigation launched after suspected oil leak on North Sea platforms
Investigations are set to resume this morning after a suspected North Sea leak.
Wood Group and Amec to combine share capital
Oil services company Wood Group has reached an agreement to take over rival Amec Foster Wheeler in a £2.2 billion deal.
War of words erupts at Holyrood as parties argue over oil and independence
Aberdeen's oil and gas industry dominated First Minister's Questions at Holyrood, as the possibility of a second independence referendum draws closer.