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Latest Oil and Gas News

New mandatory Compressed Air Emergency Breathing System (CA-EBS) course introduced

Published: Thursday, 31 July 2014 in Oil Industry News.

As a result of the CAA Report (CAP1145), issued in February 2014, the UK Oil and Gas Industry have introduced a new CAA approved Category A Compressed Air Emergency Breathing System (CA-EBS).  Fr...   (...more...)

Petrofac win Caspian Sea Shah Deniz contract

Published: Wednesday, 30 July 2014 in Oil Industry News.

The contract, valued at around £5 million, covers new onshore, offshore and pipeline assets in the Azerbaijan sector of the Caspian Sea for what is one of the largest gas developments in the world.Pla...   (...more...)

BP profits rise, but oil giant warns of Russia sanctions risk

Published: Tuesday, 29 July 2014 in Oil Industry News.

BP has warned that further sanctions against Russia could affect its business as it posted a rise in second quarter profits.BP said that sanctions imposed over the Ukraine crisis have not affected the...   (...more...)

Two Offshore Helicopters make emergency landings at Aberdeen Airport

Published: Tuesday, 29 July 2014 in Oil Industry News.

Two Offshore Helicopters where forced to make emergency landings at Aberdeen International Airport in separate incidents today Aberdeen Airport was placed on full alert as fire crews responded to a...   (...more...)

Fracking licences to be granted by government

Published: Monday, 28 July 2014 in Oil Industry News.

The bidding process for licences to extract shale gas - using the controversial process fracking - will begin later on Monday.About half the UK is open to exploration, but tightened rules cover areas ...   (...more...)

Coroner finds fatal 2009 North Sea helicopter crash was 'preventable'

Published: Friday, 25 July 2014 in Oil Industry News.

A North Sea helicopter crash which killed 16 men was preventable, a coroner’s inquest has found.Fourteen oil workers and two crew died when the Super Puma plunged into the sea off the Aberdeenshire co...   (...more...)

BG Group considers $1.7 Bln North Sea Platform sale

Published: Friday, 25 July 2014 in Oil Industry News.

British oil and gas company BG Group is considering selling its largest platforms in the North Sea for 1 billion pounds ($1.7 billion), The Times reported on Thursday, citing unnamed sources.According...   (...more...)

Shetland gas plant workers strike over pay

Published: Thursday, 24 July 2014 in Oil Industry News.

Construction workers at the Total gas plant in Shetland have downed tools in a dispute over pay.About 900 welders, pipe fitters and riggers staged a sit-in at the site next to the Sullom Voe oil termi...   (...more...)

First commercial flight of AgustaWestland AW189 to Cygnus field

Published: Wednesday, 23 July 2014 in Oil Industry News.

The first commercial flight of the much anticipated new generation AgustaWestland AW189 helicopter took place on July 21, 2014, as Bristow flew eight passengers out to the Cygnus field in the Southern...   (...more...)

UK government encourages investment in uHPHT O&G fields

Published: Wednesday, 23 July 2014 in Oil Industry News.

The UK government has published a consultation on a new cluster area allowance to encourage investment in ultra high pressure, high temperature oil and gas fields.There is still a considerable amount ...   (...more...)

Production resumes at Njord

Published: Tuesday, 22 July 2014 in Oil Industry News.

Statoil has resumed oil and gas production on the Njord A floating steel platform in the Norwegian Sea after a major reinforcement of the platform structure. Njord A, which produces the Njord and...   (...more...)

Bristow Certified to Fly AgustaWestland AW189

Published: Monday, 21 July 2014 in Oil Industry News.

Bristow announced on 17th July that it has been certified to fly the much anticipated new generation AgustaWestland AW189 helicopter.Bristow is the launch customer for the aircraft which has now been ...   (...more...)

Deloitte: North Sea oil firms adopt 'wait and see' policy

Published: Friday, 18 July 2014 in Oil Industry News.

Investment in the North Sea has stalled, with planned changes to how the industry is regulated cited as a possible cause, a new report has said.Business advisory firm Deloitte said many companies migh...   (...more...)

Funding announced for new oil and gas industry regulator

Published: Thursday, 17 July 2014 in Oil Industry News.

The UK government is to provide £15m in short-term funding to help kick-start a new independent regulator for the North Sea oil and gas industry.The Oil and Gas Authority (OGA), which will be based in...   (...more...)

Oil firm Chevron to cut 225 jobs from Aberdeen facility

Published: Wednesday, 16 July 2014 in Oil Industry News.

Oil company Chevron has announced plans to cut 225 jobs in Aberdeen.The company said the decision followed a review of its North Sea business - and would give it more flexibility.However, the firm sai...   (...more...)

Operators rising demand for Offshore accommodation units

Published: Wednesday, 16 July 2014 in Oil Industry News.

Growing demand for offshore accomodation vessels in the North Sea is increasing rates and accomodatoin quality as operators seek to improve spanner time, says analysts Douglas Westwood. The firm ...   (...more...)

North Sea tax review welcomed

Published: Tuesday, 15 July 2014 in Oil Industry News.

Industry body Oil & Gas UK has welcomed HM Treasury’s plans to launch a formal consultation into the future of the UK offshore oil and gas tax regime.The trade body says it believes the sector fac...   (...more...)

Aker Solutions sheds light on demerger proposal

Published: Monday, 14 July 2014 in Oil Industry News.

The board of directors of Aker Solutions has in accordance with the strategy disclosed April 30 resolved to propose to the company’s shareholders that Aker Solutions be split into two companies.The bo...   (...more...)

Wood Group to acquire Norwegian firm Agility Projects

Published: Monday, 14 July 2014 in Oil Industry News.

Oil services provider Wood Group has announced it is buying Norwegian engineering firm Agility Projects for about £96m.The Aberdeen-based company said the deal would strengthen its Norwegian offshore ...   (...more...)

North Sea oil and gas 'could be worth £20bn less than thought'

Published: Friday, 11 July 2014 in Oil Industry News.

North Sea oil and gas could produce £20bn less in revenue than originally forecast over the next three decades, according to the Office for Budget Responsibility (OBR).Chairman Robert Chote revealed t...   (...more...)

North Sea tax review critical

Published: Thursday, 10 July 2014 in Oil Industry News.

An independent commission has determined that radical fiscal and regulatory change is an absolute necessity to ensure that the remaining hydrocarbons on the UK Continental Shelf (UKCS) are fully explo...   (...more...)

North Sea workers at risk from 'culture of bullying'

Published: Wednesday, 9 July 2014 in Oil Industry News.

A FULL ­independent public inquiry into offshore helicopter safety has been demanded by MPs after they heard claims of a culture of "macho bullying" of worried North Sea workers.Rig workers were t...   (...more...)

MPs call for oil companies to face helicopter safety inquiry

Published: Tuesday, 8 July 2014 in Oil Industry News.

MPs have called for a public inquiry into whether commercial pressure from oil and gas companies affects offshore helicopter safety.The Transport Select Committee also want a full examination into the...   (...more...)

Expert report urges radical reforms to North Sea oil industry

Published: Monday, 7 July 2014 in Oil Industry News.

Radical changes are needed in the oil and gas industry to make sure the remaining resources in the North Sea provide the greatest economic benefits, an expert group has warned.The Independent Expert C...   (...more...)

ConocoPhillips confirms North Sea gas field extension

Published: Monday, 7 July 2014 in Oil Industry News.

US energy giant ConocoPhillips has confirmed that first production has been achieved from an appraisal well, extending the Jade gas condensate field in the UK Central North Sea.The Jade field is tied ...   (...more...)

North Sea Helicopter Fall Suspected Suicide

Published: Saturday, 5 July 2014 in Oil Industry News.

A Rig worker on Statoils Troll A Oil Platform who died after falling 600m from a Helicopter over the North Sea on Thursday is thought to have committed suicide. An air ambulance was sent to the p...   (...more...)

Super Puma ditching 'responsibility accepted' by Airbus Helicopters

Published: Friday, 4 July 2014 in Oil Industry News.

Lawyers representing workers injured in a Super Puma ditching off Fair Isle in 2012 have said Airbus Helicopters has accepted responsibility.All 19 on board the Super Puma EC 225 were rescued safely a...   (...more...)

New West of Shetland hub emerging

Published: Friday, 4 July 2014 in Oil Industry News.

A cost reduction program has meant Total has now decided to move forward with its West of Shetland Edradour subsea development, the French oil major said today. Edradour, in Block 206/4a, in abou...   (...more...)

Hanssen oil discovery in Barents Sea, offshore Norway

Published: Thursday, 3 July 2014 in Oil Industry News.

Tullow Oil plc (“Tullow”) announces that the Hanssen wildcat well, in production licence 537, offshore Norway, has encountered a 20-25 metre oil bearing sandstone with good reservoir properties in the...   (...more...)

Patient dies after stepping out of helicopter over North Sea

Published: Thursday, 3 July 2014 in Oil Industry News.

A man, working on Statoil’s Troll A platform in the North Sea, fell to his death after being lifted off by a helicopter.According to Sysla.no, the man, in his 30s, was feeling ill and the helicopter a...   (...more...)



Oil and Gas News Archive


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