EnQuest platforms doubling up as ‘Airbnbs’ to assist Thistle up-manning
An EnQuest boss said today that treating some of its platforms like "Airbnbs" was helping the firm prepare a northern North Sea neighbour for up-manning.
West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
Debt creeps up at EnQuest but Kraken impresses
EnQuest said today its debt had risen and full-year production would be in the lower half of its guidance range of 57-63,000 barrels per day.
Oil rises past August high on vaccine progress, Biden transition
Oil extended gains after closing at the highest level since August on signs Covid-19 vaccines could be rolled out within weeks and as the start of the U.S. presidential transition process aided markets in general.
UK Government to double size of its next green auction
The Government has confirmed plans to double the amount of renewables getting support in the next round of contracts for clean energy technology.
Exclusive: Lancaster climbdown no surprise to geologist who clashed with OGA and Hurricane management
A retired geologist has claimed Hurricane Energy’s huge climbdown on its west of Shetland oil resource estimates could have been avoided if his warning had been heeded in 2016-17.
Total picks Maersk Drilling for $100m, two-rig campaign off Suriname
Total has picked Maersk Drilling to supply two rigs for an exploration and appraisal project off Suriname as part of a deal worth around $100 million.
BP confirms sale of London HQ
Energy giant BP has sold its head office in London to Hong-Kong based Lifestyle International for £250 million, a news report said.
RWE selling stake in UK offshore wind farm for £650m
RWE has clinched a deal to sell a 49% stake in the Humber Gateway offshore wind farm to UK-based investment manager Greencoat for £648 million.
Deltic identifies more than 150m barrels on southern North Sea licence
London-listed Deltic Energy has claimed its P2428 licence boasts resources of more than 150 million barrels of oil equivalent.
AqualisBraemar to snap up fellow consultancy LOC Group for £15m
Oslo-listed offshore energy sector consultancy firm AqualisBraemar has stuck a deal to buy LOC Group for £15.2 million.
Andrew Austin’s new venture Kistos looks to raise £32m via imminent AIM listing
Entrepreneur Andrew Austin’s new energy sector investment company expects to raise £31.75 million via its initial public offering, slated for this week.
Fears raised over scale of wind farm
A public inquiry into plans for a 39-turbine wind farm in a Highland mountain range has heard it could ultimately lead to a “complex larger than the city of Dundee” being built on a “once tranquil plateau”.
Net-zero revolution on table
Scottish energy firm SSE Renewables will be at the heart of the much-vaunted “green recovery” – and its top spokesman will feature in a virtual business breakfast next month.
Granite Expo online for 10th anniversary
The annual Granite Expo event will this week mark its 10th anniversary with an all-new format.
Tesla shatters records in climb to Nasdaq’s top performing spot
Tesla Inc. is wrapping up its biggest week in three months as news that Elon Musk’s electric-vehicle maker will enter the S&P 500 Index next month sparked a global buying frenzy throughout the electric vehicle sector.
Abu Dhabi plans $122bn in oil spending to boost output
Abu Dhabi will invest 448 billion dirhams ($122 billion) in oil and natural gas over the next five years as it seeks to raise production capacity, even while OPEC restricts its output.
Parkmead steering toward development decision on North Sea project in 2021
Parkmead Group’s boss said yesterday that the Aberdeen-based energy firm hoped to settle on the best development option for its flagship UK North Sea oil project next year.
CNPC, CNOOC mull deal for Exxon’s Iraq oilfield stake
China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oilfield in Iraq, which could fetch at least $500 million, according to people familiar with the matter.
Malaysia’s Sarawak seeks investors to find new onshore plays
The eastern Malaysian state of Sarawak, home to the country’s LNG export complex, will soon open onshore acreage for bidding, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.
Norway opens more Arctic areas to oil industry amid opposition
Norway, Western Europe’s biggest oil producer, is offering fresh exploration licenses in the far north less than a week after the Supreme Court finished hearing an appeal over earlier Arctic permits.
Parkmead widens search for Greater Perth Area host
Parkmead Group, of Aberdeen, has widened its search for a host facility for its Greater Perth Area (GPA) project in the central North Sea.
British Gas workers to vote on strikes in pay and conditions dispute
Thousands of British Gas workers are to be balloted on strikes in a dispute over new contracts.
Sparrows Group seals seven-figure deal with Spirit Energy
Sparrows Group has clinched a seven-figure deal to provide Spirit Energy with crane maintenance and lifting services in the East Irish Sea.
E.On plans hundreds of job cuts
Energy giant E.On is planning to cut almost 700 jobs over the next two years, mainly in support and management roles, as part of the migration of customers to a new platform.