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...
View ArticleSullom 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...
View ArticlePetrofac 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...
View ArticleChip 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...
View ArticleSSE 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...
View ArticleSchiehallion 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...
View ArticleHotel 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...
View ArticlePetrofac 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...
View ArticleHelicopter 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...
View ArticleHotel 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...
View ArticleQuestions 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...
View ArticleOil 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...
View ArticleRosebank 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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