Pipeline leaks and shipping disruptions are doing more to reduce the global oil glut than producers who can’t seem to agree on whether to cap output. Outages from Iraq and Nigeria have disrupted more than 800,000 barrels a day of supply and tightened… Read More
The wife of an offshore worker has spoken of the moment she had a “gut feeling” her husband had been involved in a North Sea helicopter crash.
The post Sumburgh Crash: I tried his phone but I had a gut feeling -wife appeared first on Energy Voice.
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Investigators have revealed it took just 30 seconds for a routine helicopter flight to turn into a tragic disaster. The CHC-operated Super Puma plunged into the sea off Shetland because its crew failed to monitor cockpit instruments properly. Sarah D… Read More
Oil rallied after the biggest two-day slump in a month as U.S. industry data showed the pace of crude stockpile growth slowed amid a glut. Futures advanced as much as 2 percent in New York after falling 5.6 percent the previous two sessions, the bigg… Read More
Fergus Ewing has admitted the SNP could back fracking if the party wins the Holyrood election in May. The energy minister said the Scottish Government would hold a “national debate” when the moratorium on the practice ends. The SNP-enforced ban on un… Read More
President Nicolas Maduro has a new strategy to stave off a major power crisis for Venezuela: a week-long holiday for all workers. The extended break adding three days to next week’s Easter holiday was announced in the official gazette. It came a day … Read More
The future prosperity of the oil and gas industry could be at risk if George Osborne fails to act on the challenges the sector is facing, Scotland’s Deputy First Minister has warned. John Swinney claimed “indecision and inconsistency” from Westminste… Read More
Deutsche Boerse AG and London Stock Exchange Group Plc agreed to merge, a deal that would create a titan of European trading as long as rival suitors don’t upend the agreement and regulators give it their blessing. LSE’s equity holders will own 45.6 … Read More
Oil and gas service firm PD&MS Energy (Aberdeen) has posted higher profits but a slight fall in sales in its first full-year results since its acquisition by private-equity company Inflexion.
The post PD&MS bucks the industry trend with hig… Read More
Energy logistics group Peterson said yesterday a record number of vessel sharing arrangements since the turn of the year highlighted a new spirit of collaboration in the troubled oil and gas industry.
The post Peterson says it’s good to share i… Read More
Two of the largest ongoing development projects in the UK North Sea are under budget and ahead of schedule, one of its shareholders confirmed yesterday. Cairn Energy, which has non-operated stakes in both the Kraken and Catcher fields, also said it h… Read More
The leader of the Step Change in Safety group said the lessons from the Sumburgh crash were not just the North Sea’s to learn. Executive director Les Linklater said he believed the AAIB report on the tragedy should have a global impact on helicopter … Read More
LGO Energy has raised £1.95million through share placement in bid to pay its debts. The company placed 424,209,334 new ordinary shares. The funds will allow LGO to bring its payments with its banker BNP Paribas up to date until the end of May. The ca… Read More
Total today confirmed its third quarter interim dividend would be EUR0.61 per share. Shareholders have the option to receive the dividend in cash or shares. A company statement read: “The share price for the new shares which will be issued as payment… Read More
Sterling Energy today confirmed it had completed its withdrawal from the block C-3 located offshore the Islamic Republic of Mauritania. The upstream firm, which has interests in Africa, acted as operator with a 90% stake in the asset. The Société Mau… Read More
