Shell secures Stena Don for P&A and development work
Stena Drilling has signed a new contract with Shell which will see its semi-submersible Stena Don rig deployed in the UK North Sea for both well decommissioning and development work.
Stena Drilling has signed a new contract with Shell which will see its semi-submersible Stena Don rig deployed in the UK North Sea for both well decommissioning and development work.
A TikTok video showing an offshore worker lighting a flare on a North Sea installation has racked up hundred of thousands of views.
Aquaterra Energy has been awarded a high-pressure high temperature (HPHT) subsea riser contract for the Babek project on Azerbaijan’s Umid gas field.
Iberdrola (IBE.MC) and BP (LON:BP) plan to form new ventures aimed at rolling out EV charging and green hydrogen infrastructure across Spain, Portugal and the UK.
TechnipFMC (NYSE: FTI) said a 10% upswing in revenue showed the energy industry was poised for growth, as the group looks to cut debt and buy back “undervalued” shares.
Subsea 7 (OSE:SUBC) said supply chain challenges were stabilising and credited “strong performance” from its subsea and conventional businesses, despite a weaker quarter for renewables.
Centrica resumed dividend payments for the first time since the start of the pandemic as profits from selling oil and natural gas rose six-fold.
UK households are set to see record energy prices this winter as Russia clamps down on Europe’s gas supplies, aggravating Britain’s cost-of-living crisis.
Rishi Sunak pledged to scrap value added tax on all domestic energy bills for the next year if he becomes UK prime minister, a move his leadership rival, Liz Truss, criticized as a U-turn.
Neptune has completed the fourth and final development well at its operated Fenja field in the Norwegian Sea, in preparation for production start-up next year.
The rising costs and security issues of fossil-based fuels combined with global aspirations to address climate change, are driving the development of wind and solar energy.
New progress reports from the North Sea oil and gas regulator show that efficiency across the basin fell, while operating costs rose by nearly a quarter.
The UK’s Competition and Markets Authority (CMA) says the sale of several Noble rigs to a new unit of Shelf Drilling should clear the way for its proposed merger with Maersk Drilling.
The oil market hasn’t yet priced in the impact of European Union sanctions aimed at Russian supplies, which adds impetus to a US plan to cap the price of the country’s exports to avoid a price spike, according to a US Treasury Department official.
Shell (LON:SHEL) has reportedly begun soliciting interest from potential buyers for stakes in two key Gulf of Mexico assets, the sale of which could generate up to $1.5 billion.
The European Union's plan to reduce the bloc's natural gas use by 15% to prepare for a potential cut-off by Russia this winter has received sharp scepticism from Spain and Portugal.
The UK’s biggest natural gas storage site has taken a step closer to reopening after the authority that governs the North Sea gave an initial go-ahead.
The energy group reported strong quarterly performance and said it expects to generate first power from its Seagreen offshore wind farm by the end of this month.
Energy majors and local supply chain firms are among the finalists announced for this year’s Offshore Safety Awards.
BP’s UK head said the government’s energy profits levy was unlikely to affect its North Sea investment plans, following confirmation that the measures would cease in December 2025.
Russia started sending gas through its biggest pipeline to Europe after a 10-day maintenance period.
A multibillion-pound project to build a new nuclear power station has been given the go-ahead, more than two years after plans were first submitted.
The British government needs to publish detailed plans on decarbonising the economy if it wants to prevent a “disorderly” transition to net-zero emissions by 2050, members of Parliament’s upper chamber said Thursday.
The developers of the Acorn project say they hope the scheme can be online by 2027 but are wary of further delays to government support packages, as ministers met this week to discuss decarbonisation efforts.
Former secretary of state for business Andrea Leadsom MP lent support to the bid for a green freeport in the north east, which advocates say could create up to 32,000 jobs.