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First Oil administrators begin sell off as Cairn and EnQuest step in

Administrators have begun the task of securing what they can following the demise of Aberdeen oil company First Oil. Cairn Energy and EnQuest have increased their holdings in the Kraken oil project in the UK North Sea, buying out First Oil’s 15… Read More

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Timelapse Video: Marathon Oil installs 5,800-tonne topside

Ever wonder what it’s like to install a 5,800-tonne topsides at sea? This timelapse video shows the installation of Marathon Oil’s Alba B3 compression platform, designed to extend the life of the firm’s Alba asset in Equatorial Guinea. Th… Read More

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Les Linklater: Dear Mr Anonymous……

The past month has been an interesting one. We’ve been the recipient of an anonymous letter, there has been commentary on anonymous reporting in the Scottish Parliament Economy, Energy and Tourism Committee’s recent publication, and we have been paid… Read More

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Wood Group lands another design contract for GWF-2 in Australia

Wood Group has secured a contract with Woodside to provide the detailed design of the Greater Western Flank Phase 2 (GWF-2) flowline system offshore Western Australia. Under the contract – the value has not been disclosed – Wood Group Ken… Read More

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Chariot lays out 2016 strategy

Chariot Oil and Gas will layout its latest technical developments and strategy for 2016 for analysts today as it continues to look for a drilling partner. The Atlantic margins focused oil and gas exploration company will provide a breakdown of the bu… Read More

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Trinity agrees another extension to debt schedule

Independent E&P company Trinity has agreed a further repayment moratorium on its $13million debt with its lender until February 26. The Trinidad and Tobago focused company said it is discussing with its lender to secure a further extension of its… Read More

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Fracking pioneer agrees to guide energy policy for Rubio

The co-founder and former chief executive officer of Devon Energy has signed on to shape energy policy for Florida Senator Marco Rubio, who is running for the Republican presidential nomination. Larry Nichols will lead Rubio’s energy steering committ… Read More

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Opinion: Navigating the black expanse of $30 oil

Where do efficiency savings and productivity gains come from when the obvious wastage is eliminated? When the headcount requires no more than a couple hands and a foot? That’s the question facing many of us now as the black expanse of $30 oil spreads… Read More

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Oil slump fails to deter Dubai developers

If you thought declining home prices and rents would damp Dubai developers’ appetite for new projects, think again. DAMAC Properties Dubai Co PJSC is planning six new towers on Dubai’s main highway, while state-owned developer Dubai Properties Group … Read More

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Oman’s Redeployment Strategy saves 2,100 oil jobs

Oman’s Redeployment Strategy has saved 2,100 jobs from redundancy, according to officials. The Oman Society for Petroleum Services (OPAL) launched the strategy at the end of the last year in a bid to protect national jobs in the wake of $30 oil. The … Read More

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Nigeria backs oil output freeze while giving Iran way out

Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their lost market share due to sanctions and war. The biggest oil producer in Africa supports a production freeze, Nigerian Energ… Read More

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Oil murder-for-hire avoids mistrial

An oil murder-for-hire case avoided being derailed after the judge threw out a mistrial bid . US District Court Judge Salvador Mendoza ruled the trial of accused murder mastermind James Henrikson could continue after controversial text messages emerg… Read More

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Kuwait’s first CO2 plant opens

Kuwait’s first CO2 plant has officially launched. Equate and Gulf Cyro are partners on the scheme, which will process 280 metric tonnes of industrial CO2 per day and turn into the more commercially viable liquid CO2. Gulf Cryo vice chairman Saad Al-S… Read More

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For OPEC, path from oil freeze to output cuts is far from clear

Saudi Arabia said its accord with Russia to cap oil production was “the beginning of a process,” but the path from a freeze to the output cuts needed to eliminate a global surplus is far from clear. When Saudi Oil Minister Ali al-Naimi hinted that th… Read More

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Suttie pulls plug on First Oil after failing to find buyer

Billionare Ian Suttie has pulled the plug on his flagship oil and gas business after failing to find a buyer. The post Suttie pulls plug on First Oil after failing to find buyer appeared first on Energy Voice. … Read More

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© Aberdeen Journals Limited. 2016

The Press and Journal
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Lang Stracht
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