The UK Government’s upcoming energy white paper should give “serious consideration” to a proposed £100m decommissioning loan fund, according to a petroleum economist.
The Office for Budget Responsibility (OBR) has cut its forecast for North Sea oil tax receipts to the UK Treasury.
Key questions on oil decommissioning and its impact on the marine environment could take “years to answer” according to a leading researcher.
The North Sea boss of EnQuest has said the firm is “very interested” in a joint-operator decommissioning approach, but “someone needs to take the lead”.
North Sea operators have shelved more than half a billion pounds of decommissioning spending, according to a new report from Oil and Gas UK (OGUK).
The total amount expected to be spent on decommissioning oil fields in the West of Shetland this decade has surged above £1billion.
More than half of the estimated £50bn investment for the UK government’s offshore wind plan is expected to go to overseas companies.
With COP26 less than a year away, an intergenerational climate emergency requires intergenerational action. We have over 1,000 young energy experts that can help shape the climate debate, writes the Energy Institute’s Sinead Obeng AMEI
Taqa has taken a £339million write-down in the value of its North Sea assets as a result of Covid-19 and the oil downturn.
Crown Estate Scotland tendering £40K contract to study whether oil platforms can be reused for hydrogen
Crown Estate Scotland is tendering a £40,000 contract for a study into whether oil platforms can be reused to produce hydrogen.
Seadrill has bagged £39million worth of new contracts but confirmed plans to press on with scrapping a number of rigs in its fleet.
The CEO of Brewdog has entered into a public spat with BP over its carbon emissions, comparing the energy giant to “Darth Vader”.
Greenpeace has been told that its activism in the North Sea crossed "the line” and “put lives at risk”, during the inaugural ETIDEX event from Energy Voice.
The offshore oil and gas sector is “ripe” for emerging new decommissioning models, however analysts BCG said they “strongly doubt” some will survive.
The number of bankruptcies in the energy sector rose during the third quarter as the coronavirus pandemic continued to take its toll on the oil and gas industry.
The Health and Safety Executive (HSE) has criticised Chrysaor after failing to maintain the launching system for its only lifeboat on board the Jade platform.
Scottish start-up Mocean Energy has raised £850,000 for a new technology to bring wave power to subsea oil and gas.
A North Sea vessel has rescued two men in a state of “shock and relief” after being stranded on a small boat near a wind farm for more than 28 hours.
Oil companies are on track to discover 10 billion barrels this year, despite the coronavirus pandemic temporarily halting exploration activity this spring, according to Rystad Energy.
Shell paid billions of dollars in tax in 2019 to governments around the world. But in four countries, the energy giant got money back.
BP has shared a video of a robot dog being used on one of its oil and gas platforms.
Organisers of the Offshore Technology Conference (OTC) in Houston have postponed the 2021 event until August due to the Covid-19 pandemic.
Energy firms have united on plans to create a multi-billion pound “electric superhighway” cable link in the North Sea.
SSE, operator of the Peterhead Power Station, is facing backlash from various climate groups after being announced as one of the first sponsors of the COP26 summit in Glasgow.
The Oil and Gas Authority (OGA) is planning a year-long trial to tackle the “bugbear” of late payments for North Sea suppliers.