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Channel: Oil and Gas Industry Archives - The Shetland Times
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Gas plant difficulties hit Petrofac shares price

Difficulties in finishing the Sullom Voe gas plant project have contributed to a dramatic fall in Petrofac shares of almost a quarter. The 24.8 per cent tumble on the FTSE 100 came after the company...

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Sullom Voe’s financial future under review

The port of Sullom Voe may be worth £70 million, but if it was sold it could realise £100 million in investments, according to financial modelling. But, said chairwoman of the harbour board Andrea...

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Petrofac blames losses on gas plant delays

The company behind building the new gas plant says ongoing delays in the Laggan-Tormore project are behind further losses of $195 million. Petrofac blame a mixture of industrial action and bad weather...

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Chip shop sets limit on number of oil and gas workers

A Lerwick chippie is restricting the numbers of oil and gas industry workers it allows through its door at any one time because of barge residents “struggling to behave like humans”. The Harbour Fish...

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SSE confirms 20 per cent investment in gas fields

SSE confirmed in will buy a 20 per cent stake in Total’s Laggan Tormore project, which includes Shetland Gas Plant. Energy company SSE, is to buy a 20 per cent stake in Total’s Laggan Tormore project...

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Schiehallion oil will not flow through Sullom Voe

BP and its partners have announced that Schiehallion oil will not be coming to Sullom Voe in order to cut costs. Earlier this year BP said that initial production, once Schiehallion production...

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Hotel project thrown out by planners

Plans for a new hotel in Brae have been thrown out by Shetland Islands Council over fears future housing provision may be lost. The 120- bed development, with a new access road and associated car...

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Petrofac warns of further gas plant losses

Petrofac is expected to take a further financial hit as it comes close to completing the gas plant development for Total. The first gas is expected to be flowing before the end of this month. But, in a...

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Helicopter firm’s Sumburgh boost

CHC Helicopter has expanded its Sumburgh Airport operation with two S92 aircraft offering a new seven-day a week service to oil and gas customers. The new seven-day service coincides with an extensive...

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Hotel jobs lost as oil downturn starts to bite

Scores of hospitality workers have been laid off in the North Mainland amid uncertainty in the oil and gas industry. The St Magnus Bay Hotel, Busta House and Valleyfield Guest House have all had to...

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Questions raised over Islands Deal

Clarity is being sought from the Scottish government on when an Islands Deal will be brought forward to help boost the Shetland economy, as well as those in Orkney and the Western Isles. Questions...

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Oil and gas workers form unlikely union with climate groups to support switch...

Over 1,000 oil and gas workers have joined with trade unions and climate groups to call for a just transition away from fossil fuels. With... Oil and gas workers form unlikely union with climate groups...

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Rosebank protest to take place at Clickimin Loch today

Climate activists are due to take to Clickimin Loch this afternoon (Saturday) to protest against the controversial Rosebank oil field, west of Shetland. Organised by... Rosebank protest to take place...

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