Shell reveals £10m price tag for demolition of former Aberdeen HQ
The demolition of the huge former Shell HQ in Aberdeen is estimated to cost £10 million.
The demolition of the huge former Shell HQ in Aberdeen is estimated to cost £10 million.
Around 85 Petrofac (LON: PFC) workers will strike for six days after rejecting a pay deal the union claimed would amount to a £6,000 pay cut.
BP (LON: BP) has named Kate Thomson as its new interim chief financial officer (CFO).
Serica reported a large increase to pre-tax profits but lambasted the “burden” of the UK windfall tax on the wider industry.
Meanwhile Var Energi, a partner on Johan Castberg, has also seen costs surge on its Balder X project.
As crude futures leap higher, traders and analysts are increasingly talking about when — not if — prices return to $100 a barrel.
Former BP (LON: BP) CEO John Browne expects the British supermajor to move on from its governance scandal “quite quickly” and stick with its current strategy.
Scotland Office Minister John Lamont has pledged to make sure a “spacial squeeze” in the North Sea is “effectively” managed amid fishing industry concerns over offshore wind farms.
Orcadian Energy (AIM: ORCA) has entered into a provisional agreement with an operator on a potential farm-in to its £1bn Pilot project in the North Sea.
Big oil has yet to appoint its first-ever female CEO — something BP could soon change.
After several days of chaos, BP Plc (LON: BP) ended last week without a permanent leader and with significant doubts over its strategy.
Lack of government grant would put £350m cable factory from Sumitomo in doubt, says report.
It comes weeks after the firm received final bids for its SNS gas fields, and after exiting the Northern Endurance carbon capture and storage project.
The Acorn CCS project in Aberdeenshire is to expand after being awarded fresh carbon storage licences in the North Sea.
Horizon Energy Global has confirmed its plan to drill the high-impact Dabinett North Sea well in 2024.
Neil McDonald, head of Scotland at the firm, says it wants to support growing energy firms.
Troubled IOG has key licence extensions blocked by NSTA as it risks administration over impending interest payments.
“Once a CEO lies to the board, there is a loss of confidence,"
Ithaca Energy CEO Alan Bruce discusses the farm-out, work on the Cambo FID and why the UK should be a bit more Norway. . .
BP (LON: BP) has confirmed its CEO Bernard Looney has resigned after an investigation into his “conduct in respect of personal relationships with company colleagues” and misleading the board.
Ithaca Energy (LON: ITH) will buy out Shell’s (LON: SHEL) stake in the Cambo oilfield, becoming the 100% owner of the West of Shetland project.
Hydrogen is a losing bet for investors interested in making money in the foreseeable future, according to Barry Norris, the founder and chief investment officer of UK hedge fund Argonaut Capital Partners.
A new survey is being launched by decommissioning trade body Decom Mission to deliver a ‘snapshot’ of industry sentiment.
The UK Government has formally approved the Affleck redevelopment - a new oil project in the North Sea.
Oil and gas contractor McDermott has started a restructuring package amid concerns over its financial health.