Energy Voice | Fossil fuel backlash could cost Norway more than £630bn

If the world went all out in its fight against fossil fuels it would cost Norway more than £630 billion, almost the same amount it has stashed in its massive sovereign wealth fund. That’s one of the illustrations in a highly awaited report from Norway’s Climate Risk Commission released on Wednesday in Oslo. It said […]

Energy Voice | Equinor to replace KMPG with EY as auditors next year

Energy giant Equinor has announced it will replace audit, tax and advisory firm KPMG with accounting firm EY in 2019. KPMG, considered to be one of the ‘big four’ global auditing firms, lost out to EY following a competitive audit tender, Equinor revealed. The new auditors will still need to be approved before Equinor’s corporate […]

Energy Voice | Premier Oil enters race for Chevron assets with Chrysaor

Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by U.S. oil major Chevron Corp. that’s worth about $2 billion, according to people familiar with the matter. The first round bids are due before the end of the month, the people said, asking […]

Energy Voice | Procedural weaknesses a factor in North Sea leaks, HSE says

Weaknesses in procedures aimed at preventing major North Sea gas leaks have been identified in a review by the UK Health and Safety Executive (HSE). But the government agency said great strides had been made by operators to stem hydrocarbon releases. HSE warned that it had spotted shortcomings in certain crucial areas, including the reinstatement of […]

Energy Voice | Shell, Eni face $1.1bn Nigerian lawsuit over 2011 oil deal

The government of Nigeria is suing Royal Dutch Shell, Eni and other companies for more than $1 billion over a 2011 oil deal it says was tainted by corruption. The suit, filed Wednesday in London, alleges that money the oil companies paid to acquire an oil exploration license in the Gulf of Guinea was diverted […]

MacArtney and SeaTech Extend Dealership Agreement in China

MacArtney has renewed an exclusive deal with SeaTech China to sell and distribute SubConn and OptoLink connectors within the Chinese market. SeaTech is the sole distributor of SubConn and OptoLink connectors for MacArtney in China and has actively promoted SubConn and OptoLink connectors over the last decade, making it a widely recognised […]

Energy Voice | Acteon buys subsea rust buster with Aberdeen base

Energy service firm Acteon Group has taken over an international subsea corrosion business with a presence in north-east Scotland. Acteon, headquartered in Norwich, has bought Deepwater Corrosion Services from a US investor and senior management for an undisclosed fee. The senior management team at Deepwater, which is headquartered in Houston, will be kept on. Deepwater’s main UK […]

Energy Voice | Chrysaor eyes Chevron’s North Sea assets in £2billion bid – report

Chrysaor has hired advisers ahead of talks to acquire Chevron’s North Sea assets for nearly £2bn, according to a report from Reuters. Citing industry sources, the news agency said Chrysaor has hired investment banks Jeffries and BMO for discussions ahead of a Christmas deadline for bids. Chevron revealed in July that it is aiming to […]

Energy Voice | ‘Uncontracted’ LNG demand to quadruple, say Woodmac

Uncontracted demand for liquified natural gas (LNG) is set to quadruple by 2030, according to energy research firm Wood Mackenzie (Woodmac). The company claim data shows that seven major LNG buyers will account for 50%, with uncontracted demand climbing to 80 million tonnes per annum (mmtpa). Woodmac said demand will skyrocket as Northeast Asian begin […]

Energy Voice | Plexus bemoans ‘shackles’ on wellhead technology

Aberdeen-oilfield services firm Plexus has bemoaned conditions “holding back” the widespread adoption of its wellhead engineering technology. Chairman Jeff Thrall has issued a statement ahead of the firm’s AGM today, stating the Pos-Grip tool has been “shackled” as Plexus tries to take on the “might and reach” of global players. It comes as Plexus last […]