Energy

Energy

North Sea oil workers announce new 48-hour strike

North Sea workers are to stage a 48-hour strike next week in a dispute over their pay and allowances.

News 4
Dundee skyline and River Tay

Dundee firm laid low by oil price fallout

The downturn in the oil and gas industry is being blamed for a Dundee engineering firm falling into administration.

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Oil rig operators are among group's target client market

Merger creates Aberdeen group with £100m sales

Two North-east businesses that rent equipment to oil and gas operators are merging to create a global player with a combined turnover of more than £100 million.

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Oil rig operators are among group's target client market

Oil giant Shell reports slump in profits

Oil major Royal Dutch Shell has posted a 72 per cent slide in profits for its latest quarter as the industry continues to battle low oil and gas prices.

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A North Sea oil rig

Profits take a tumble at oil giant BP

Lower oil prices and squeezed refining margins hit BP in its second trading quarter as profits slumped 44 per cent and the oil major took another financial hit from the Gulf of Mexico environmental 
disaster.

News 1
Offhsore oil workers in the North Sea have begun their first strike in a generation. Picture: Contributed

North Sea oil workers begin first 24-hour strike in pay row

North Sea workers have started the first 24-hour strike in almost 30 years after the failure to resolve a row over plans to cut pay and allowances.

News 8
The investment was hailed as a 'welcome boost' for Scotland's offshore wind sector. Picture: Anna Gowthorpe/PA Wire

Vattenfall to pump £300m into Aberdeen wind project

Swedish power group Vattenfall today outlined plans to invest £300 million to build Scotland’s largest offshore wind test and demonstration facility.

News 2
SSE said it was 'well placed' to meet the challenges ahead. Picture: Andrew Milligan/PA Wire

SSE hails ‘solid’ start to year amid Brexit uncertainty

Power supplier SSE today said the UK’s vote to leave the European Union could lead to more uncertainty in the financial and regulatory landscape over the coming years.

News 1
ScottishPower says underlying earnings from the retail supply business fell 8.6 per cent in the first six months of the year. Picture: Michael Gillen

Fines for poor service and milder weather hit ScottishPower profits

Hefty fines for customer service failings and mild winter weather at the start of the year have hit earnings at ScottishPower’s gas and electricity supply business.

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EnQuest could sell a 20% stake in the huge Kraken oil field. Picture: Contributed

EnQuest in talks to reduce Kraken oil project stake

North Sea oil producer EnQuest is in talks to sell a 20 per cent stake in the huge Kraken project east of Shetland.

News 1
Tim Cornelius says widespread job losses in the oil and gas sector have allowed Atlantis Resources to repurpose highly qualified staff with decades of experience. Photograph: Ian Georgeson

The Big Interview: Tim Cornelius, CEO of tidal power giant Atlantis Resources

He says he’s had a lifelong affinity with the ocean and fascination with “what goes on under the surface”.

Energy
Wood Group has been working with Melbourne Water since 2012. Picture: Getty Images/iStockphoto

Wood Group taps into Australian water sector

Wood Group has been awarded a US$145 million (£109m), three-year contract extension by Melbourne Water to ­provide services across their operations in Australia.

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The trade unions Unite and the RMT balloted members working for the Wood Group on eight of Shells North Sea oil and gas platforms. Picture: SWNS

North Sea oil workers vote to strike over proposed wage cuts

Shell is facing strike action after offshore workers on its North Sea oil and gas platforms voted overwhelmingly to strike over pay and working conditions.

Energy 9
Wood Group has extended its contract with Apache in the North Sea. Picture: Contributed

Wood secures North Sea deal extension with Apache

Wood Group, the Aberdeen-based energy services operator, has been awarded an extension to its “master service agreement” contract with Apache, covering the US giant’s oil and gas fields in the North Sea.

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Amec Foster Wheeler won the deals with Repsol Sinopec Resources. Picture: Hamish Campbell/TSPL

Amec and Bilfinger secure Repsol North Sea contracts

Engineering groups Amec Foster Wheeler and Bilfinger Salamis have secured contracts with North Sea explorer and producer Repsol Sinopec Resources.

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Petrofac's Walter Thain. Picture: Contributed

Petrofac seals Shetland well deal with Hurricane

Oil and gas services group Petrofac has been appointed well operator under a three-year contract focused on a key development to the west of Shetland.

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The deal is set to create 160 jobs. Picture: Raymond Hosie

Jobs boost for Argyll wind turbine maker CS Wind

A Kintyre manufacturer of wind turbines is set to boost production and create 160 jobs, with work starting today on the UK’s first offshore wind tower factory at the Campbeltown site.

News 2
From left: Rotech directors Steve Aitken, Martin Graham, Don Stewart and Stephen Cochrane. Picture: Contributed

Management buyout at Aberdeen subsea group Rotech

Subsea business Rotech has completed a management buyout as it gears up for an expansion of its excavation business.

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The Bibby Topaz diving support vessel will be deployed on the BP project. Picture: Contributed

BP hires Bibby Offshore for key North Sea project

Bibby Offshore, which provides subsea services to the oil and gas industry, has won a contract with BP working on four of the latter’s operations across three of its North Sea assets.

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A wind turbine in Eaglesham. Picture: John Devlin

Agreement set to lift UK’s wind industry

Campbeltown-based CS Wind UK, which supplies steel towers to the wind industry, and Swedish state-owned wind farm developer Vattenfall are to sign an agreement today marking what is deemed a “vote of confidence” for this type of energy in the UK.

Energy 2
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