Page 26 - Clair Ridge News Today : Breaking News, Live Updates & Top Stories | Vimarsana

AFTER BP chief executive Bernard Looney passed a landmark on Tuesday few would say that he has yet to make his mark on the oil and gas giant. With the company’s results announcement that day, Mr Looney celebrated a first full trading year in charge during which he has made clear he expects to make fundamental changes at the firm. However, environmental campaigners would probably feel he has not gone anywhere near far enough while other company watchers may wonder if the costs of the changes Mr Looney has started making are set to be shared fairly by different groups of stakeholders.

PREMIUM BP started production from the giant Clair Ridge field West of Shetland in 2018, with partners including Shell and America’s Chevron Picture: BP BP has tripled first quarter profits after feeling the benefit of increased oil prices and the start of production from a big North Sea field. The oil and gas giant made $2.6 billion (£1.9bn) profit net of one-offs in the three months to March 31 on the measure followed by analysts compared with $0.8bn in the same period last year. Chief executive Bernard Looney said the result reflected a strong business performance and the recovery...

People Positive approach: David Fox, founder of Offshore Titans a website to help offshore workers with mental health issues Photo: OFFSHORETITANS Offshore Titans mental health platform joins forces with app developer Strategic alliance formed with Edinburgh-based OK Positive 20 April 2021 9:43 GMT Updated  20 April 2021 9:43 GMT in  London An online platform set up by an oil worker to help promote better mental health in the oil and gas industry has joined forces with the developer of a mobile app designed to reduce stress in the workplace. Offshore Titans, set up during the...

AS the costs of the pandemic to taxpayers mount, oil heavyweights have provided a reminder that the North Sea industry is unlikely to ease the strain on the public finances much. In its latest report on payments to governments, Royal Dutch Shell underlined just how much it will cost the Government to help firms cover the huge costs that will be involved in decommissioning redundant North Sea assets. Shell revealed that it was repaid $99 million by the Government last year. The repayment reflected the fact the costs of decommissioning the once mighty Brent field more than offset the prof...

That's the equivalent to 9,140 people taking a return flight from Glasgow to New York. The Mossmorran flaring lasted three days from October 4 to 6. Fife Ethylene Plant operator ExxonMobil said at the time that it was committed to minimising carbon dioxide emissions. Greenpeace, which carried out the new Unearthed probe have criticised the government’s failure to get emissions under control and its inadequate plans to move away from oil and gas to meet its climate targets and obligations. The conservation organisation is calling for an end to new oil and gas licensing, shifting in...