โCurrent share price doesnโt reflectโ value of Ithaca, claims chairman
Subdued commodity prices and the UKโs tax system are being blamed for Ithaca Energyโs (LON: ITH) perceived undervaluation.
Subdued commodity prices and the UKโs tax system are being blamed for Ithaca Energyโs (LON: ITH) perceived undervaluation.
Itโs clear that hydrogen produced from renewable energy will play an important role in supporting our transition away from fossil fuels to a low carbon energy system.
A trade union boss is encouraging Valaris to be upfront about the circumstances that led to a worker going missing from a North Sea rig.
Altens Industrial Estate in Aberdeen is on the cusp of a new lease of life as a โhub of excellenceโ for driving the worldโs energy transition, it has been claimed.
Anti-oil hecklers brought the Scottish parliament to a standstill in a choreographed series of protests during Humza Yousafโs first appearance for questions as leader today.
Ithaca Energy (LON: ITH) is appealing to Westminster to overhaul its energy profits levy, warning that the future of a key oil and gas project could count on it.
North Sea firm Orcadian Energy (LON: ORCA) plans to stimulate offers for its multi-million barrel Pilot project in the coming months.
Petrofac (LON: PFC) and Hitachi Energy have been awarded a mammoth, multi-year offshore wind framework agreement by transmission system operator TenneT.
But the North Sea firm also lamented the โfiscal uncertaintyโ created by the energy profits levy (EPL), confirming a $767m deferred tax charge as a result of the government policy.
A Labour government would freeze council tax bills this year, Sir Keir Starmer will say as he launches his party's campaign for the May local elections.
Chancellor Jeremy Hunt unveiled the first step of the Government's response to the US' multibillion-dollar investment in green technology with a swipe at Joe Biden.
Martin Findlayโs glass is half full.
Cnooc reported record annual profits as Chinaโs biggest offshore oil and gas driller reaped the benefit of last yearโs surge in energy prices.
Hundreds of academics have sent a letter to Prime Minister Rishi Sunak urging him to end approvals for all new oil and gas developments.
The UK North Sea remains a key part of the business of global engineering and consultancy services giant Wood, its boss said on Tuesday.
Norwegian Energy Company, or Noreco for short, has announced plans to change its company name.
French supermajor TotalEnergies (LON: TTE) has begun drilling a hotly anticipated exploration well West of Shetland.
Oil from the Poole Harbour pipeline leak has washed up on the shores of Brownsea Island - a wildlife haven and protected site of special scientific interest.
One of the biggest oil producers in Iraqi Kurdistan has started to lower production as a dispute between the regionโs government and Baghdad drags on.
But OEUK's Ross Dornan is warning that โif they were already challenging beforehand, they are even more challenging nowโ.
An industry boss has questioned the UKโs ability to source the ยฃ1.4 trillion needed to zero out carbon emissions by 2050.
Arne Gurtner, Equinor's senior vice president for the UK, told an OEUK event that he wants the industry to be talking about FID on Rosebank by the time Offshore Europe rolls around.
Millions of barrels of oil and gas could be left in the ground as North Sea firms tailor their plans to the UKโs โuncertainโ tax regime.
The Scottish Government has set a target of becoming a net zero carbon nation by 2045 and is aiming to more than double its current renewable electricity generation by 2030. Its big bet to achieve this is wind power, given its low cost and the large potential for viable installations in North Sea waters.
The Danish Energy Agency has invited Swiss-based Nord Stream 2 to participate in an operation to lift an unknown object found next to the damaged gas link in the Baltic Sea.