Cairn’s North Sea Catcher and Kraken on-time and under budget

Cairn Energy today confirmed both its Catcher and Kraken projects, both in the UK North Sea, remained on track for first oil next year. The firm also confirmed Kraken was currently coming in under budget after reducing its capex costs by 10%. The pro… Read More

Osborne nudged to cut oil tax

The UK cabinet minister said it is “important” that Chancellor George Osborne delivers for offshore firms in his budget this spring. A raft of measures announced in the spending review this autumn have so far failed to stop widespread red… Read More

Brent gains from 12-year low as threat of more declines persists

Brent oil rebounded after closing at the lowest level in more than 12 years in London. A persistent oversupply means prices still haven’t staved off the threat of further declines. Futures advanced as much as 1.9 percent on Tuesday after dropping 8 p… Read More

Oil giants start losing safety net as refining margins squeezed

Refining profits that buttressed earnings for Exxon Mobil Corp. and Royal Dutch Shell Plc as crude prices plunged are now slumping, further pressuring all of the world’s biggest oil companies as they move into 2016. Global refining margins, the estim… Read More

Alex Kemp: Iran sanctions lifting, oil price falling

The price has been coming down for several months because production from Saudi Arabia is strong, from Iraq it’s strong, from Russia it’s quite strong. From the US there’s been a little bit of a fall but not very much. Market makers have been anticip… Read More

Amec Foster Wheeler boss sacrificed as board decides it’s time for change

Oil and gas industry boss Samir Brikho was ousted as chief executive of Amec Foster Wheeler (AFW) at a board meeting held on the eve of the firm’s latest trading update, it emerged last night. A spokesman for the engineering and project management gi… Read More

Tech Tuesday: Imaging technology moves ahead in oil and gas

Advances in the systems and tech that can benefit the subsea supply chain has seen technology from other fields such as medicine, aerospace and the nuclear sectors play a bigger role in recent years and there’s no sign that trend stopping anyti… Read More

Trade unions warn workers fear reporting safety concerns

Trade unions have warned the number of health and safety concerns being reported in the oil and gas sector has declined, amid concerns over job security. The post Trade unions warn workers fear reporting safety concerns appeared first on Energy Voice… Read More

Politician says there will be a “revival” in the North Sea

The politician who led a committee looking at the oil and gas industry said there will be a “revival” in the North Sea. MSP Murdo Fraser spoke after the findings of a report by the Scottish Government’s economic committee were made public. The post P… Read More

David Mundells calls for ‘reboot’ between UK and Scottish governments

The Scottish Secretary has called for a “reboot” of the relationship between the UK and Scottish governments after May’s Holyrood elections. David Mundell urged for an end to the “petty politicking and sniping” which he said defined much of the publi… Read More

AMEC’s chief executive Samir Brikho vacates top role, firm launches leadership search

Amec Foster Wheeler today confirmed that Samir Brikho had stepped down as chief executive. The group’s chief financial officer, Ian McHoul, will take over the role with immediate effect. McHoul will also chair the group leadership team while a … Read More

Exclusive: ConocoPhillips moves to equal time rota, 50 positions at risk

ConocoPhillips said up to 50 positions could go after the company offered voluntary redundancy to staff. The firm said it is also looking to move to an equal time rota as it transitions to its decommissioning phase on its Viking operations in the Sou… Read More

Confidence among small businesses falls to lowest levels in three years

Scottish small business confidence has fallen to its lowest level in three years amid fears the oil industry crisis has filtered down to local suppliers, according to an industry body. The Federation of Small Business’s (FSB) quarterly confidence ind… Read More

Seafarers’ safety ‘at risk thanks to flag of convenience practices’

The UK Coastguard Agency must respond to concerns that safety of UK seafarers is being compromised by North Sea operators employing foreign workers from lightly regulated regimes in order to “exploit our natural resources”, a Holyrood committee has s… Read More

Suncor’s North Sea wildcat bites dust

Suncor Energy Norge’s North Sea wildcat turned up dry. The well, under production licence 571, was drilled drilled in the central part of the North Sea, about five kilometres west of the Balder field and about 200 kilometres north-west of Stavanger. … Read More

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