Italy mulls support for fossil fuels despite climate promise
The Italian government is considering financing for international fossil fuel projects that would generate emissions 3.5 times greater than Italy’s, Oil Change International warns.
Avalon: Ping Petroleum pushes back investment decision on North Sea oilfield
Ping Petroleum has moved back its timeline for a final investment decision (FID) on the Avalon oilfield in the North Sea.
‘Nae a BOSIET in sight’: Offshore workers react to ‘The Rig’ trailer
Supernatural thriller? All-enveloping fog with no contact with the outside world?
Aberdeen commercial property investment market turns corner
More than £30 million of commercial property assets recently brought to market in Aberdeen is a sign the tide has turned in the city, according to Knight Frank.
North Sea top producer Harbour Energy knocked out of FTSE 100, Petrofac relegated from 250
Harbour Energy (LON: HBR), the top producer in the North Sea, has been knocked out of the club of leading publicly-quoted UK companies.
Return for event linking global energy hubs in Scotland and Australia
A much-anticipated business event linking key global hubs in Scotland and Australia will return to Aberdeen for the fifth time next week.
Shell Penguins FPSO finally set to leave China for North Sea
The Shell (LON: SHEL) Penguins FPSO – the oil giant’s first new manned vessel in UK waters for 30 years – is finally due to head to the North Sea.
Dozens of jobs to be created at Balmoral Montrose manufacturing base
Work has completed at Balmoral Comtec’s Montrose Port manufacturing facility for the offshore energy sector, with dozens of jobs to follow.
‘Game-changing’ Aberdeen carbon capture firm targets £1bn revenues
An Aberdeen-based carbon capture firm is launching its first round of fundraising with the aim of generating £1bn revenues over the next 10 years.
Ithaca Energy posts huge $2bn profits in first results since IPO
North Sea producer Ithaca Energy (LON: ITH) has posted pre-tax profits of more than $2bn in its first set of results since its London debut.
MacBeans founder Ian Cukrowski retires from Aberdeen coffee roaster he started after avoiding Piper Alpha
We are sat in an Aberdeen city centre cafe, three flat whites between us, as Ian Cukrowski, the owner of MacBeans coffee roasters for the past 33 years, tells the story of the best cup of coffee he’s ever had.
The Rig: Trailer revealed for Amazon Prime show set on North Sea platform
Amazon Prime has finally revealed the trailer for “The Rig”, its supernatural thriller set in the North Sea.
Aberdeen ETZ ‘campus model’ unveiled
The brains behind Aberdeen’s energy transition zone (ETZ) have explained how its “campus model” will present businesses with an “unrivalled opportunity”.
Capricorn activist investor Palliser positioned to call shareholder vote on NewMed takeover
An activist investor seeking to halt Capricorn Energy Plc’s (LON: CNE) takeover by NewMed Energy LP has converted its holdings to common shares, according to people familiar with the matter.
Price of oil surges amid speculation that OPEC+ nations will cut production
Oil extended a rebound from the lowest level in almost a year on speculation that the Organization of Petroleum Exporting Countries and its allies will deepen supply cuts to respond to weakening global demand.
Shell buys Nature Energy in $2 Billion push into biogas
Shell (LON: SHEL) will buy Nature Energy Biogas A/S from hedge fund Davidson Kempner Capital Management for nearly $2 billion as the oil major expands its transition from fossil fuels.
Jersey Oil and Gas expects to find Buchan partner by Q1 2023
Jersey Oil and Gas (LON:JOG) expects to conclude farm-out talks on its flagship Buchan field by Q1 2023, "if not by the end of the year".
Orcadian signs North Sea pact with SLB for wells at Pilot project
Orcadian Energy (LON: ORCA) has signed a pact with SLB (NYSE:SLB) to deliver dozens of wells on its flagship Pilot field in the North Sea.
Scottish CCS ‘left in the lurch’ as UK Government continues delay on development
The Autumn Budget is passed and Xmas is on the horizon - so government pledges of more work "this year" to bring vital emissions-busting CCS projects online are in question.
VIDEO: Protestors shout down NSTA boss Andy Samuel during speech on energy trilemma
The CEO of the North Sea Transition Authority (NSTA) has been shouted off stage by protestors – during a speech about the energy trilemma.
North Sea top dog Harbour Energy ‘likely’ to be relegated from FTSE 100
Harbour Energy (LON: HBR), the North Sea’s largest producer, looks set to be relegated from the list of leading publicly-quoted UK companies after a windfall tax body blow.
Sunak eyes U-Turn on onshore wind as Tory divisions grow
One of Rishi Sunak’s senior Cabinet ministers hinted his government could drop an effective ban on new onshore wind farms, amid growing calls for a U-turn from members of his ruling Conservative Party.
Just Stop Oil plans two weeks of protests in run up to Xmas, police warn
Just Stop Oil is expected to begin two weeks of action in London from today, with Metropolitan Police urging the public not to take matters into their own hands.
Germany windfall tax delayed until beginning of December
Germany will delay the start of a planned windfall tax for power producers, the Economy Ministry said.
Windfall tax risks ‘destroying’ North Sea production, Tory MPs warn Chancellor
Tory MPs have told Chancellor Jeremy Hunt that the windfall tax on oil and gas companies needs to be watered down to avoid an “existential threat” to the North Sea.