Premier Oil Eyes North Sea Deals
Britain's Premier Oil Plc said on Monday it was looking to buy U.K. North Sea assets, after the Sunday Times reported that it was preparing to tap shareholders for cash to help it buy about $1.5 billion worth of oil fields.The company's shares fell as much as 12.5…
Ineos to Buy ConocoPhillips North Sea Assets
Britain's richest man Jim Ratcliffe's oil and gas company Ineos Group Holdings is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company.Various news paper reports say that British petrochemicals…
3sun CEO Chairs Offshore Wind SIG
3sun Group, specialist provider of products and services to the global energy industry, is reinforcing its ongoing commitment to the offshore wind industry with CEO Graham Hacon chairing a new special interest group. The Offshore Wind Supply Chain Special Interest…
Eskom Executives Blocking Coal Contract Investigation - South Africa
Executives at Eskom have resisted several attempts to investigate coal contracts entered into by the state-owned power utility, South Africa's Treasury said on Monday. Eskom said in a statement over the weekend that the Treasury had not issued any conclusive findings…
Saltire Energy CEO Honored for Entrepreneurial Spirit
Mike Loggie, Chief Executive of Saltire Energy, a supplier of drilling tools to the offshore oil and gas industry, has been announced as the overall winner of the EY Scotland Entrepreneur Of The Year Awards 2015. Winners were announced at a black tie ceremony at Gleneagles Hotel on Thursday, June 25.
Saltire Energy CEO Shortlisted for Entrepreneur of the Year Award
Chief Executive of Aberdeen-based Saltire Energy, Mike Loggie, has been shortlisted as a regional finalist in the EY Entrepreneur Of The Year Awards 2015. The annual EY awards, recognize business leaders from across the world that have shown the passion, vision and drive to succeed.
Britain Weighs North Sea Tax Breaks
Britain is considering reducing the tax bill for oil explorers in the North Sea, including a proposal from the industry to halve rates, to help revive an area already in decline before the recent oil price falls, the Sunday Times said. Talks between the country's finance ministry and the industry…
Britain Mulls North Sea Energy Tax Breaks
ritain is considering reducing the tax bill for oil explorers in the North Sea, including a proposal from the industry to halve rates, to help revive an area already in decline before the recent oil price falls, the Sunday Times said. Talks between the country's finance ministry and the industry…
Oil Prices will Produce BP Job Cuts
BP is to axe middle managers and could freeze projects as it grapples with the plummeting oil price, The Sunday Times reported, citing finance director Brian Gilvary. "What you'll see with this simplification plan is that headcounts are starting to come down across all of our activities in upstream…
New Video Technology for the Well Intervention Market
EV, a specialist in downhole video technology, has launched its IVC (Integrated Video Caliper) product to the well intervention market, which provides real-time answers to well integrity issues. Following two years of development and extensive, successful field trials in Canada, the technology has been launched globally.
