Private equity deals surge to £2.4 billion for UK North Sea
Private equity took a keen interest in the UK North Sea in 2021, with £2.4 billion worth of deals for the country’s oil and gas industry.
Private equity took a keen interest in the UK North Sea in 2021, with £2.4 billion worth of deals for the country’s oil and gas industry.
CHC has told competition authorities that its takeover target of Babcock Aviation is “not a particularly serious competitive threat” to the company.
Stephen Wheeler, Managing Director of SSE Renewables, one of the big ScotWind winners, says the next generation of Scottish offshore wind will impact globally while transforming locally.
Ithaca Energy has received a green light from the UK Government to proceed with its Abigail project in the North Sea.
More than 50 workers at Dales Engineering Services in Peterhead have voted to strike in a dispute over pay and concerns on the cost of living.
The ScotWind licencing announcements on January 17th were certainly a welcome and hugely material vote of confidence in the future of the offshore energy sector in the UK.
Concern has been raised over whether Scotland will truly reap the benefits of the huge ScotWind offshore wind auction, as overseas yards like Lamprell eye work.
Well-Safe Solutions has hailed a “landmark” moment for the company, with footage of its Well-Safe Guardian rig heading off for its first UK contract.
BP and Rosneft were the only companies to deliver more than a billion net barrels of oil equivalent through exploration last year, according to new research.
The biggest North Sea majors are set to invest more in the region’s wind power in the coming years than in its oil and gas.
Spirit Energy is tentatively targeting a second quarter sailaway for the Hummingbird Spirit FPSO in the North Sea.
The oil and gas industry has an essential role in supporting the UK Government’s ambitious plans for the transition to net zero.
Alternative lender ThinCats has revealed its £13.5 million backing for north-east businessmen Alfie Cheyne buying back the company he founded, Ace Winches, from Balmoral Group.
They were more accustomed to the green baize of snooker than the black oil extracted from the North Sea on giant oil platforms.
Norway has dished out 53 licences in its latest round of awards for oil and gas exploration.
A High Court has thrown out a legal challenge claiming that the UK Government had acted unlawfully in its support for North Sea oil and gas.
Aberdeenshire-headquartered Denholm Environmental plans to create up to 25 new jobs after a six-figure investment.
The £700million to be raised for Scottish Government coffers through the ScotWind auction “must be used” for jobs and training, a trade union has urged.
Maybe yesterday should be renamed Green Monday rather than Blue Monday. It was certainly a day to celebrate the ambition for renewable energy in Scotland as the ScotWind licencing round was announced with provision for significantly more GW than anticipated.
The world’s top market for subsea tie-backs will take an inflation-driven cost increase of £4.8billion on upcoming contract awards through to 2026.
It has been more than 20 years in the making, but at last Aberdeen has got its big chance to prove that it really can become a major player in offshore renewables and especially wind.
Oil and Gas UK (OGUK) has appointed a new health, safety and environment (HSE) director from EnQuest, as incumbent Trevor Stapleton is soon to retire.
Ex-Petrofac chief executive Ayman Asfari has snapped up the former chairman of Shell for his offshore wind business Venterra Group.
A project pipeline of more than 50 years in offshore wind could be secured thanks to the ScotWind seabed auction, according to a northern port.
ScotWind has proved a big boon to Big Oil, with fossil fuels giants BP, Shell and TotalEnergies all winning acreage.