PGNiG secures rig for Tomcat well in 2024
Odfjell Drilling has booked further work for the Deepsea Yantai, with the Norwegian arm of PGNiG securing the unit to drill the Tomcat exploration well in mid-2024.
Odfjell Drilling has booked further work for the Deepsea Yantai, with the Norwegian arm of PGNiG securing the unit to drill the Tomcat exploration well in mid-2024.
A new Select Committee report voices “significant reservations” over the structure of investment allowances offered to oil and gas firms under the Energy Profits Levy (EPL).
RWE and Equinor said they would build hydrogen power plants, as well as a pipeline to send the fuel to Germany from Norway.
A parliamentary committee has pressed the UK government to set a clear date for ending new oil and gas licensing rounds in a bid to show international climate leadership.
Scottish Greens have called on the UK government to halt development of the controversial Rosebank oil and gas field, but the Tories hit back at their so-called “reckless, uninformed obsession.”
For the first time, more money was raised in the debt markets for climate-friendly projects than for fossil-fuel companies.
UK government subsidies for household energy bills are expected to plunge to a sliver of their current levels with a slump in wholesale prices.
Turkey gave Bulgaria access to its liquefied natural gas terminals, opening up a tightly controlled corner of the European gas market that could help diversify the region’s supply mix.
Ithaca Energy has announced the presence of hydrocarbons at its much-anticipated Isabella well, though operator TotalEnergies has yet to confirm commercial implications.
I have just watched SSE’s on-line video about the Berwick Bank Wind Farm and I rather wish I hadn’t, not least because I have just had lunch and the aftertaste of leek and potato soup and smoky cheese in a brioche bun has been replaced by something that tastes like engine oil.
Reabold Resources has confirmed the completion of its acquisition of Simwell Resources, a privately held explorer with several southern North Sea licences.
2022 has been a year punctuated with historically high commodity pricing (particularly soaring gas prices in the European market), the weaponisation of the sector as a result of the murky geopolitical undertakings of President Putin, and the ensuing cost of living crisis perpetuated by rising energy costs.
A warmer-than-expected start to winter across large parts of the world is rapidly easing fears of a natural gas crisis that had been predicted to trigger outages and add to pressure on power bills.
The loss of Russian gas supplies has led to a supply deficit in Europe which is likely to last over the coming three to four years and sustain higher gas prices. To avoid the long-term deindustrialization of Europe and the impoverishment of millions of citizens, Europe needs an energy security plan that looks beyond public support, energy savings and renewable electrification only.
The former chief executive of the North Sea’s oil and gas regulator, Andy Samuel, has been recognised in the 2023 New Year Honours list.
Oluwole “Ollie” Folayan has spoken of his honour having been made a Member of the Order of the British Empire (MBE) in the New Year Honours.
European natural gas prices started the new year declining as mild weather curbed demand.
The climate action group has vowed to temporarily shift focus away from public disruption as its primary means of action, in a bid to prioritise “relationships over roadblocks”.
President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil giant with the aim of turning it into a renewable energy powerhouse.
Prime Minister Rishi Sunak's commitment to tackling climate change could face scrutiny early in the new year with the publication of a review into the UK's target of net zero carbon emissions by 2050.
Expert eyes are starting to turn to Christmas 2023, as Europe has kept the lights on through this festive period despite an energy crisis that has gripped the continent for more than a year.
A Tiktok video giving a glimpse of everyday life on a North Sea oil platform has racked up one million views.
Targets are signals, demonstrating ambition. They aim to drive investment and convey a long-term vision for the betterment of the country.
The supposed dying days of oil and gas have been surprisingly profitable, but not necessarily investible. The energy market has been tossed up and down, first by the COVID-19 pandemic and now, in 2022, by the war in Ukraine.
When asked to put together my reflections of the year gone and predictions for the year to come, I felt depressed. The line, “you couldn’t make this up” was foremost in my mind - no festive cheer I’m afraid, it is a depressing picture.