BP doubles oil output at GoM’s Thunder Horse
BP (LON:BP) has confirmed a doubling of output at its flagship Thunder Horse platform in the US Gulf of Mexico, as it looks to ramp up production in the basin by mid-decade.
BP (LON:BP) has confirmed a doubling of output at its flagship Thunder Horse platform in the US Gulf of Mexico, as it looks to ramp up production in the basin by mid-decade.
UK power firm Drax Group agreed to pay a £6.1 million ($7.5 million) fine for breaching its license, after charging the grid operator excessive prices to reduce its generation.
A successful bid to establish one of Scotland’s two freeports around the Forth will bring with it billions of pounds of investment and 50,000 green jobs, its backers said.
Paradigm Flow Services (PFS), of Thainstone, near Inverurie, plans to double its headcount – creating 30 jobs – after a multimillion-pound finance deal.
The UK government said it’s confident Britain will have enough energy to get through next winter as liquefied natural gas flows boost supplies and demand is reined in.
Centrica (LON: CNA) has announced the appointment of its new chief financial officer, alongside a trading update suggesting earnings will exceed the top end of analyst estimates.
Aker BP has signed new ‘alliance’ agreements for rigs and wells with Noble Corporation, Odfjell Drilling and Halliburton, as it looks to bring a wave of new projects online in the coming years.
In the early 1990s, North Sea diver-turned-drugs baron Julian Chisholm spectacularly shed his shackles and handcuffs and fled into the Spanish desert.
MPs challenged the government over its energy efficiency performance and the continued licensing of new oil and gas fields, while a government minister reiterated a continued need for fossil fuels.
UnitedHealthcare Global has remained steadfast in its commitment to help people live healthier lives while supporting the well-being of clients through a holistic approach to health benefits and services.
The UK’s offshore decommissioning regulator has approved Repsol Sinopec’s plans to decommission infrastructure around the Saltire area, with work set to begin later in the decade.
The Norwegian government said it had received six applications for permits for offshore CO2 storage, and offered new acreage as it seeks to build a “new commercial industry” around CCS.
Energy logistics group Peterson will recruit a suite of new roles after securing a major contract from Vestas to support the development of the Viking Wind Farm on Shetland.
The government has opened a new consultation on changes to the UK’s Capacity Market (CM), including proposals that would significantly tighten the emissions limits on fossil fuel plants by the middle of next decade.
Energy services group Three60 Energy has signed a deal with BP to provide well engineering services across the supermajor’s global operations.
Workers at an offshore supply chain firm in Glenrothes will begin a 24-hour strike on Wednesday, in a dispute over pay and conditions.
Hydrogen and geo-energy group Getech is to explore potential geothermal projects across Latin America, under a new agreement with technology developer Eavor.
Reprocessed seismic data has led to a nearly 20% increase in mid-case recoverable resources at Orcadian Energy’s Pilot field, offering further incentive to potential farm-out partners.
The Penguins FPSO is now well underway on its journey to the North Sea, with an estimated arrival in early February – just behind operator Shell’s (LON:SHEL) much anticipated Q4 results.
Deep Ocean is set to begin removing more than 1,200 tonnes of subsea equipment from BP’s Miller field later this year, under a contract described as a ‘first’ for supermajor in the North Sea.
Budding start-ups and energy innovators are being sought for the next round of the Net Zero Technology Centre’s (NZTC) innovation funding programme, with up to £500,000 per project up for grabs.
Oil prices may exceed $140 a barrel this year if Asian economies fully re-open after Covid-related lockdowns, according to hedge fund manager Pierre Andurand.
Several senior MPs have claimed Chinese involvement in North Sea oil and gas operators presents a “very real risk to security”, as the UK’s diplomatic stance continues to harden.
Orcadian Energy will look to the INTOG offshore leasing round to help progress its flagship Pilot development, chief executive Steve Brown said, as the firm looks to make headway in 2023.
Low capacity in island electricity grid connections has held back the north’s renewable energy industry but hope is at hand at long last, writes Peter Ranscombe.