Aker BP triples profits in ‘remarkable’ 2022
Aker BP (OSLO:AKRBP) more than tripled its pre-tax earnings for full-year 2022, in its first annual results filings since the takeover of Nordic rival Lundin last year.
Aker BP (OSLO:AKRBP) more than tripled its pre-tax earnings for full-year 2022, in its first annual results filings since the takeover of Nordic rival Lundin last year.
Almost 100 offshore workers employed by contractor Odfjell are set to strike on board two flagship BP assets in a dispute over rotas and leave.
A group of investors with combined assets of more than 1.5 trillion US dollars (£1.23 trillion) have written to five of Europe's biggest banks, including Barclays, urging them to stop lending to fossil fuel firms.
Exxon Mobil Corp. is creating a global trading division to compete more aggressively with the likes of BP and Shell in the high-risk, high-reward world of energy derivatives.
Vår Energi (OSE:VAR) has confirmed an oil discovery in Norway’s Arctic Barents Sea, in the latest success in the already prolific Goliat area.
The backers of the Green Volt floating wind farm off Peterhead have submitted a key marine application ahead of a licensing award, as they look to deliver the project by the middle of the decade.
MP for West Aberdeenshire and Kincardine Andrew Bowie said he welcomes the ‘challenges and opportunities’ of his new role within a reshuffled Department for Energy and Net Zero.
Commercial saturation diving, where divers live for up to a month under pressure in a specialised chamber system, is not a role in itself; diving is a method of getting people to a work site, principally for underwater construction, and keeping them alive underwater.
Reversing the fortunes of its predecessor, Fort William’s Underwater Trials Centre (UTC) has built a world-leading business with an outsized impact on the global subsea sector.
Archer has signed definitive agreements with Baker Hughes to acquire its UK coil tubing and pumping (CT&P) business, after a competition investigation prompted the sell-off.
Tax revenues from the country’s oil and gas sector will fall as fossil fuel prices drop, the UK government expects, restricting Chancellor Jeremy Hunt’s spending power in the budget next month.
Aker Solutions (OSLO:AKSO) reported storming fourth quarter and full year results, as a wave of new Norwegian projects filled its books to a record high.
Deltic Energy has reported a significant gas and oil discovery at the Shell-operated Pensacola prospect in the Southern North Sea.
The skills required for a successful North Sea energy transition are available but in very short supply, an industry expert has warned.
Equinor (OSLO:EQNR) joins other energy giants to post record profits for 2022, prompting a further ramp-up in share buybacks.
Drilling contractors will head to Westminster on Wednesday to make the case for stable and continued investment in the North Sea, lest the basin face an exodus of vital equipment and skills.
Later this month, Subsea Expo 2023, the world’s largest annual subsea exhibition and conference will return to Aberdeen.
Climate campaigners intend to hold protests at the UK offices of energy giant Equinor (OSLO:EQNR) and the Norwegian embassy ahead of what are expected to be a further set of record profits.
As of 27 January, Westwood Global Energy reports that there is one appraisal well active, in the North Sea, and three exploration wells active, with one in the Barents Sea and two in the North Sea.
From German bombs to Roman anchors, as more offshore energy infrastructure is built the history of the North Sea is colliding with its future.
Campaigners fighting to save an Aberdeen park from development have staged a “picnic” protest outside Holyrood.
Equinor and SSE Renewables are scoping out the potential for a further phase of development at Dogger Bank which could produce green hydrogen.
IOG has suspended operations at its A2 well on the Southwark field after remediation work failed to boost production rates, prompting another fall in its stock price.
The Health and Safety Executive (HSE) has warned EnQuest (LON:ENQ) over inadequate integrity testing and risk assessment at its Magnus platform.
As of 27 January, Westwood Global Energy reports that there are three exploration wells active, with one in the NNS, one in the CNS and one in the SNS. Since the previous report, one well has completed at North Eigg and one appraisal well completed at Isabella.