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Total reveals spending ambitions after Lagan-Tormore start-up

Start-up from the £3.5billion Laggan-Tormore gas development west of Shetland paves the way for £690million of investment in the area over the next 10 years. The post Total reveals spending ambitions after Lagan-Tormore start-up appeared first on Ene… Read More
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Pemex CEO Emilio Lozoya resigns after three years of losses

Emilio Lozoya resigned as Petroleos Mexicanos’ chief executive officer after the oil giant failed to reverse falling output and reported 12 straight quarterly losses. Lozoya, 41, who took over as CEO of the state-owned producer in late 2012, will be … Read More
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Oil bankruptcies seen spurring M&A as signal prices near low

About 150 oil and gas companies tracked by energy consultant IHS Inc. may go bust as a supply glut pressures prices and punishes revenues. The number of companies at risk is more than twice the 60 producers that have already filed for bankruptcy, Bob… Read More
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Tech Tuesday: A carbon fibre oil rig may not be that far fetched after all

An oil rig made primarily of carbon fibre sounds far fetched, but then, who’d have thought 20 years ago that airliners could be made from the “black stuff”? New planes such as the Boeing 787 and the Airbus A350 are already flying ac… Read More
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Technip land subsea job

Technip has landed subsea contract for the South Santa Cruz and Barataria fields in the Gulf of Mexico with Deep Gulf Energy III. The lump sum contract includes the fabrication and installation of approximately 23 kilometers of pipe-in-pipe flowline,… Read More
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Aberdeen firm nets £300k Singapore contract

Aberdeen firm Rig Control Products (RCP) said yesterday it had netted a £300,000 deal to supply a Singaporean company with oilfield equipment. RCP, which also has a base in Singapore, will also install the four pieces of integrated well control kit o… Read More
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Politicians and industry chiefs back new trade unions alliance

Politicians and industry chiefs pledged to work alongside the newly-formed Offshore Co-ordinating Group (OCG) in its crusade to protect North Sea jobs. Energy Minister Fergus Ewing said was “absolutely imperative” for the Scottish Government to list… Read More
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Video:Union bosses call for crackdown on “bullying” operators

Making sure operators do not bully supply chain companies is a vital part of the battle to safeguard the North Sea’s workforce, union bosses said yesterday. They were speaking at the launch of the Offshore Co-ordinating Group (OCG), an alliance of fi… Read More
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Oil drillers exposed in three-way hedges as crude dips below $30

Oil at $30 a barrel is blowing a hole in the insurance that U.S. shale drillers bought to protect themselves against a crash. Companies including Marathon Oil Corp., Noble Energy Inc., Callon Petroleum Inc., Pioneer Natural Resources Co., Rex Energy … Read More
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Weatherford in another round of UK job losses

Weatherford has moved into a second consultation period over jobs from its UK operations. Earlier this month, the company said it planned to lay off an additional 6,000 workers, about 15% of its workforce, over the first half of this year to cope wit… Read More
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Ewing urges operators to make more of “world beating” supply chain

Oil and gas companies can help secure a bright future for the north-east by making better use of its “world-beating” supply chain, Energy Minister Fergus Ewing said yesterday. Mr Ewing co-chairs the Oil and Gas Industry Leadership Group (ILG), which … Read More
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ConocoPhillips fined £3m over gas leaks on offshore platform

A fuel company has been fined £3 million after gas leaks on one of its platforms over three years ago. ConocoPhillips admitted safety failings at Lincoln Crown Court following two uncontrolled and one controlled gas release 70 miles off the Lincolnsh… Read More
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Total confirms first gas from flagship Laggan-Tormore scheme

Total today confirmed first gas from its flagship Laggan-Tormore project. The West of Shetland scheme will produce 90,000 barrels of oil equivalent per day. Arnaud Breuillac, president of exploration and production, said: “Laggan-Tormore is a key com… Read More
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Exclusive Interview: Total boss says Laggan-Tormore first gas proves “there’s a future for the UK’s offshore industry”

Total’s new UK managing director, Elisabeth Proust , said the firm’s £3.5billion West of Shetland investment was a much needed reminder that there was still everything to play for in UK energy sector – regardless of oil price. The firm today confirme… Read More
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Laggan-Tormore: Fast facts and brief history

Total today confirmed first gas from its flagship Laggan-Tormore project. Want to know how much it cost, which contractor was responsible for drilling and how many jobs it will create? Here’s everything you need to know about the West of Shetla… Read More
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© Aberdeen Journals Limited. 2016

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