Climate emergency ‘even more pressing challenge’ for North Sea than 2014 oil downturn
The climate emergency is an “even more pressing challenge” for the industry than the 2014 downturn according to the Oil and Gas Authority’s (OGA) chief executive.
The climate emergency is an “even more pressing challenge” for the industry than the 2014 downturn according to the Oil and Gas Authority’s (OGA) chief executive.
Chief executive Andy Samuel has confirmed the Oil and Gas Authority has not yet needed to exercise its sanctioning powers despite ‘internal debates” on whether the regulator is being stringent enough.
A dip in collaboration and some cases of a lack of trust between oil firms should be a “wake up call” to the industry, according to the head of the Oil and Gas Authority (OGA).
Extinction Rebellion activists have now ended their occupation of an oil rig in Dundee which was aimed at stopping it from working for Shell in the North Sea.
Subsea services firm Ocean Installer has appointed an industry veteran as its new chief executive.
Digital is not a new concept for the oil and gas industry, however, in the last few years we have rapidly grown our understanding of its full potential.
A renewed optimism in oil and gas will drive M&A activity forward in the new year, a top north-east dealmaker has said.
An Aberdeen offshore firm is toasting a surge in profits after being acquired by one of the world’s largest industrial gas suppliers.
Waking up to a white Christmas will have come as no surprise to a team from a Shetland-based engineering firm who are spending the festive season working on a project described as “unique and challenging” by the company’s boss.
Jim Smith, Managing Director of SSE Renewables, calls on the UK Government to recognise the unique opportunity of COP26 and help shape the climate change fight.
Oilfield procurement specialists, Craig International, has continued to increase its global marketshare with two-thirds of the Aberdeen-headquartered company’s revenues now being generated outside of the UK.
A north-east marine services firm is to increase staff by almost a quarter after a £150 million investment in a fleet of new emergency response and resuce vessels (ERRVs).
2019 has been an eventful year where further major hydrocarbon releases and events have occurred, proving we cannot afford to take our attention off other major accident hazards.
The biggest change I have seen in 2019 is the move by the oil and gas industry towards a net zero future. There have been many factors that have influenced this change, from the social public push through to the active and engaged conversation the industry has been having around Roadmap 2035 (what we will look like in 2035).
Balmoral Group Holdings reported a “mixed year” as it posted its first loss since 2007.
The North Sea is known for adapting to change and this year has demonstrated an indication of resilience in the sector. Confidence has slowly returned to a market which has changed dramatically in the last five years.
US energy giant ExxonMobil has released a video celebrating first oil from the Liza field off Guyana.
A government report has revealed CNOOC was the biggest tax spender in the North Sea last year while energy giant Shell paid the least on balance after a reimbursement.
ExxonMobil has announced a new discovery off Guyana, adding to previous estimates of 6billion barrels of recoverable oil equivalent.
As 2019 comes to a close, the UK energy sector trade body has produced a video highlighting some of the main developments for the industry over the last year.
2019 is going to be remembered as the year in which climate change has moved to the top of the political debate.
Global energy demand has been rising inexorably for well over 30 years – from around 8 billion tonnes of oil equivalent in the early 1990s to nearly 14 billion tonnes of oil equivalent today. The rate of increase was 2-3% per annum until 2000 but accelerated to nearer 5% per annum since then as large populations in China and India got wealthier.
Equinor and Rosneft have sanctioned a full development of the North Komosomolskoye field in Russia.
It’s been several weeks now since Scotland’s oil and gas sector descended on trade show ADIPEC en masse, showcasing the technology and capabilities that have placed our industry at the forefront of the global energy industry.
Everyone agrees that 2020 will be a critical year for energy transition, but how will things really play out? In the run-up to Christmas, Calash and Candour put their heads together over a glass or two of crude and have come up with 12 ‘golden’ moments for the energy market in 2020, some of which are extremely long shots.