‘Stability through thick and thin’ key to future investments, says Shell CEO
Shell’s (LON: SHEL) top boss has made a plea for “stability” as calls for an escalation to the North Sea windfall tax continue to circle.
Ancala Midstream appoints Shell veteran as new CEO
North Sea infrastructure operator Ancala Midstream (AMAL) has announced the appointment of a new chief executive.
Shell profits could ‘come at a cost’ in form of ‘further windfall taxes’, warn analysts
News of Shell (LON: SHEL) recording record annual profits could come back to bite the oil and gas giant, as well as its counterparts.
Start-up confirmed Shell Pierce North Sea gas project
Production at the Pierce gas expansion project in the UK North Sea is now underway, Shell (LON: SHEL) has confirmed.
Shell sets new record as annual profits more than double to $40bn
Shell (LON: SHEL) has hit a new all-time earnings high after the supermajor more than doubled its year-on-year profits.
‘High interest’ in Hartshead’s Southern North Sea gas plays
Hartshead Resources says it has received “high interest” from parties keen to partner up on a pair of UK gas fields.
Sturgeon: those calling energy strategy a ‘betrayal’ haven’t read it properly
Scotland’s First Minister has accused critics of her government’s controversial energy strategy of not engaging with the plan properly.
North Sea weather technology firm wins six figure space launch deal
An environmental monitoring company is reaching for the stars after it won a six-figure contract with a Scottish spaceport.
OPEC+ keeps output steady amid uncertainty on China and Russia
An OPEC+ committee recommended keeping crude production steady, delegates said, as the oil market awaits clarity on demand in China and supplies from Russia.
Shell is selling ‘carbon neutral’ fossil fuels again
Emboldened by new industry guidelines, natural gas companies are renewing their efforts to sell “carbon neutral” fossil fuels, a controversial practice of offsetting a shipment’s emissions to shrink its environmental impact.
Neptune brings 10th gas well online at Cygnus field
Production has commenced from the 10th well at the Cygnus field in the Southern North Sea, operator Neptune Energy has confirmed.
Updated: Orcadian raises £500k to progress North Sea Pilot field
North Sea operator Orcadian Energy (LON: ORCA) has successfully raised £500,000 by means of a share placing on the London Stock Exchange.
Equinor and Var Energi walk away from Norwegian ammonia project
Equinor and Var Energi have opted not to progress with an ammonia production project after a cooperation agreement expired.
Westwood: Harbour Energy one of just two IOCs to finish 2022 with lower share price
A new report from Westwood Global Energy Group has laid bare the impact of the UK Government's fiscal tinkering on Harbour Energy's (LON: HBR) share price in 2022.
Watch: Protestors board North Sea-bound Shell Penguins FPSO
Greenpeace protestors have boarded a Shell (LON: SHEL) FPSO – destined for the North Sea - in the Atlantic Ocean, just north of the Canary Islands.
Norway’s wealth fund cuts big oil holdings in profit taking move
Norway’s $1.3 trillion sovereign wealth fund took profit on the world’s biggest oil and gas companies after a run up in energy prices in 2022.
Green hydrogen firm ITM Power to trim headcount after ‘unacceptable financial performance’
ITM Power (LON: ITM) is to reduce its headcount after an “unacceptable financial performance” by the green hydrogen electrolyser manufacturer in recent times.
‘Historically low valuations’ could open up BP to an M&A bid, says investor
“Historically low valuations of UK companies”, including oil giant BP (LON: BP), could make them “potentially-attractive takeover targets”, asset manager M&G has claimed.
Aberdeen in line for jobs boost as Spirit unveils plans to repurpose gas fields
Spirit Energy has confirmed plans to repurpose offshore gas fields for emissions storage, in a move it claims will support thousands of jobs.
2022 best year in a decade for new global oil and gas discoveries, says WoodMac
Last year was a bumper one for the global oil and gas exploration sector as it enjoyed its strongest 12 months in more than a decade.
Cnooc’s $3bn UK portfolio sale has stalled on valuation gap
Cnooc (TSX: CNU) has paused a planned sale of its UK North Sea portfolio, which could have been valued at as much as $3 billion in a deal, according to people familiar with the matter.
Key UK-France power cable back at full capacity after 2021 fire
A key power cable linking Britain and France has been used at full capacity for the first time since a fire shut it down in 2021.
cHeRries Awards 2023: The hunt to find the best and brightest HR professionals begins
Scotland’s leading awards scheme honouring the best and brightest of human resources and personnel professionals has launched its program for 2023 and it is back bigger and better than ever.
Shell profits expected to dip from recent highs after gas price drop
New chief executive Wael Sawan is unlikely to be introduced to shareholders alongside another set of record profits, but Shell (LON: SHEL) will have continued to benefit from massively high energy prices in the last months of 2022.
Shell to combine business units as Sawan shakes up top team
Oil and gas giant Shell (LON: SHEL) has announced plans to shrink its executive committee in a bid to simplify “how the organisation works”.