Energy Voice | Nexen UK boss Riddoch hails team after being made an OBE

A North Sea oil and gas industry stalwart who hails from Aberdeen was recognised in the New Year Honours List. Ray Riddoch, UK managing director at Nexen Petroleum, has been made an OBE for his services to the sector. Mr Riddoch has more than 35 years’ experience in the industry, working for a number of […]

Energy Voice | Improving awareness key to preventing major offshore accidents

The subject of offshore hydrocarbon releases (HCRs) continues to be a major source of discussion in the UK oil and gas industry. Every HCR is a safety threat and, while major accidents are rare events, they always have the potential for large-scale loss of life, catastrophic damage to assets or the environment. Earlier this year, […]

Energy Voice | Industry must improve drilling costs in 2019, says OGA chief

2018 has been a busy and encouraging year with many positive developments; the OGA continues to have a high focus on asset stewardship and clear expectations of industry. Today the UKCS produces over 1.6 million barrels a day, production efficiency has increased for a fifth consecutive year and efficiency efforts are being sustained. Oil and […]

Energy Voice | Shell completes £450m New Zealand divestment

Oil giant Shell today announced that it had finished offloading shares in its New Zealand business to Austrian oil company OMV. The £456m sale includes Shell’s interest in the Maui, Pohokura, and Tank Farm assets, and operatorship of the Great South Basin venture, which was subject to a separate agreement. Shell said the deal was part […]

Energy Voice | Dunlin Alpha decommissioning deal cemented

A Norwegian yard owner and a Dutch heavy lift crane vessel operator have signed the contract to decommission a UK North Sea platform. AF Gruppen and Heerema Marine Contractors signed a letter of intent with Fairfield Energy in September for the Dunlin Alpha decommissioning job. The consortium has now firmed up the agreement by inking […]

Energy Voice | Westminster Files: Ministers knew tax change would hit North Sea

UK Government ministers knew that a controversial tax change in 1993 would “undoubtedly depress”exploration in the North Sea. Amid low oil prices, the Petroleum Revenue Tax (PRT) was abolished for new fields in the Budget in March of that year. The change also removed a series of tax allowances for offshore firms, including for exploration, […]

Energy Voice | Viewport3 hails ‘fantastic’ 2018 as turnover jumps

A fledgling subsea inspection firm has hailed a “fantastic” 2018 after increasing its turnover thirty-four times. Ellon-based Viewport3 recorded turnover of more than £340,000 in only its second year of trading, up from £10,000 in year one. The boost has helped the company expand its floor space and create three new roles. Viewport3’s bosses believe […]

Energy Voice | Westminster Files: Bid to block civil servant move north revealed

Secret files have revealed how senior government figures were “vigorously opposed” to the landmark relocation of dozens of civil servants to Aberdeen in the 1990s. Prime Minister John Major’s closest aides were told that “officials hate the idea of anyone moving to Scotland” as they considered breaking their promise to the north-east. Documents which can […]

Energy Voice | Divided Venezuela finds common ground in Guyana dispute

The socialist government of Venezuela and its political opponents at home who have been starkly divided over the past two decades on the best path forward for the country, have suddenly united around a common theme: the century-old dispute with Guyana. The neighboring countries are clashing over offshore oil development in the disputed area as […]

Energy Voice | Transocean signs £650m drilling deal with Chevron

Offshore services firm Transocean has announced it has signed a rig and drilling deal with Chervon totalling more than £650 million. The contract is for rig design and construction management as well as a five-year drilling agreement. The deal will see Transocean provide an ultra-deepwater drillship currently under construction in Singapore. The firms will also […]