Huge oil drilling platform passes under Forth bridges after being offloaded by construction vessel

Mind your head! Massive oil drilling platform passes under Forth bridges after being dropped off by world’s largest construction vessel The 382 metre long Allseas’ Pioneering Spirit transferred its huge cargo of a topside drilling platform onto a cargo barge called the Iron Lady The cargo barge was then towed clear of the Pioneering Spirit and … Read more

Hotel quarantine will force rigs to close, says oil drilling firm

British workers on South American oil rigs lobbying Government for exemption from new hotel quarantine By Harriet Dennys, Financial Mail On Sunday Published: 21:50 GMT, 13 February 2021 | Updated: 21:50 GMT, 13 February 2021 British workers on South American oil rigs are lobbying the Government for an exemption from the new hotel quarantine rules … Read more

HS2 drilling machines arrive in UK from Germany to start digging ten-mile long Chiltern tunnels

HS2’s first 558ft-long tunnelling machines have arrived in the UK in more than 1,000 parts. The two contraptions were transported from Germany to a construction site in Hertfordshire near the M25. They will be assembled over the coming months before they start digging the high-speed railway’s Chiltern tunnels in spring next year. To dig the … Read more

MIDAS SHARE TIPS: Set your sights on Capital Drilling

The lockdown may be lifting, slowly, but economic prospects remain uncertain, interest rates are likely to stay close to zero for some time and many professional investors are nervous about the future. These are difficult times – but they are good for gold.  The metal is trading at over $1,700 (£1,390) per troy ounce, an … Read more

BP quits Alaska after 60 years in £4.5bn deal as it moves away from oil and gas drilling

BP quits Alaska after 60 years in £4.5bn deal as it moves away from oil and gas drilling BP is disposing of its interests in several oil fields and the Trans-Alaska pipeline to local firm Hilcorp The deal marks a major change for BP, which began working in Alaska in 1959 It also throws the jobs … Read more