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Sub $50: Sir Ian Wood – The worst of the oil price is over

The worst of the oil price rollercoaster is over, according to industry leader Sir Ian Wood. “I think there’s probably a feeling that we’re seeing the bottom of the oil price,” he said. “I think the $28 was really frightening. “I think the indication… Read More
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Trinity Exploration agrees repayment extension

Trinity Exploration said it has agreed a further extension to the moratorium on principal repayments. The post Trinity Exploration agrees repayment extension appeared first on Energy Voice. … Read More
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Ithaca energy completes cash review ahead of Greater Stella production

Ithaca Energy said it has completed its planned semi-annual reserves based lending facilities review and continues to maintain its excess of $100million of funding headroom ahead of production from the Greater Stella area in the third quarter of 2016… Read More
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Biggest wealth fund backs climate disclosure at Exxon, Chevron

Norway’s $870 billion sovereign wealth fund will back proposals to force Exxon Mobil Corp. and Chevron Corp., two of the biggest oil companies, to assess how climate-change policies can affect their business. The post Biggest wealth fund backs climat… Read More
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North Sea helicopter crash: All 13 victims on board now named by police

Norwegian police have named the five remaining victims of a North Sea helicopter crash which killed 13 people. Authorities had earlier today named eight of the employees who had been involved in the incident which happened as a helicopter made a retu… Read More
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North Sea helicopter crash: Union said accident a “wake-up call”

The helicopter crash that killed 13 people on their way back from an oil platform off Norway’s west coast has sparked a debate over whether the industry’s deepest cost cuts in 15 years are imperiling safety. The post North Sea helicopter crash: Union… Read More
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Suttie pledges to do whatever it takes to make FIS a success

North-east entrepreneur Ian Suttie has delivered a bullish statement of intent for one of his businesses, promising to do whatever it takes to make it successful. The post Suttie pledges to do whatever it takes to make FIS a success appeared first on… Read More
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OTC 2016: Pool party guests enjoy Houston hospitality

The world’s biggest oil and gas show opened in Houston yesterday, with as many as 100,000 delegates attending. Energy Voice and the Press and Journal are there to cover the event, but before the business began, there was time on Sunday for good… Read More
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OTC 2016: Tech Tuesday – Building the Google of the supply chain

Steven Calder is standing in a Spanish promenade when he taps in ‘best tapas bars’ into his iPhone. Seconds later he’s staring at a selection of the most highly lauded pit stops in a five mile radius. The day I meet him he declares: “I’m building the… Read More
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OTC 2016: North Sea operating costs must be sub-$20/bb

North Sea operating costs must be get below $20 per barrel for the sector to survive its latest downcycle, according to new research. More than 500 people took part in Energy Voice’s research campaign, dubbed Sub $50 Oil: New Perspective and Hidden O… Read More
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OTC 2016: Craig International launches new spare equipment trading platform

Global oilfield procurement firm Craig International is today launching a new online platform to help companies buy and sell spare equipment at knock-down prices. Craig International, part of Aberdeen-headquartered energy service and shipping busines… Read More
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Opinion: Don’t forget our Atlantic frontier

Next year will mark the 40th anniversary of the Clair field’s discovery and, all going well, it should see the first oil being transported from its second offspring, Clair Ridge. The post Opinion: Don’t forget our Atlantic frontier appeared fi… Read More
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OTC 2016: Scots ‘back deck’ firm chooses Houston

Subsea “back deck” solutions company Maritime Developments (MDL) has established a subsidiary in Houston following growing success winning business with companies working both the US domestic and wider international upstream markets. This is seen as … Read More
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North Sea helicopter crash: AIBN director general says work has begun to put “together the puzzle”

The Director General of the Norwegian Air Investigations Branch (AIBN) said work has begun to put “together the puzzle” of what happened on board a fatal North Sea helicopter crash. William Bertheussen said teams had been working round the clock sinc… Read More
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OTC 2016: Industry giants call bottom of the market

As the oil price rally paused for breath yesterday, industry specialists are claiming that the market has bottomed out. Fatih Birol, executive director of the International Energy Agency is reported to have said that “the price direction is rather up… Read More
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© Aberdeen Journals Limited. 2016 vat no GB 927 167 212

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