Independent E&P firms that fail to adjust to energy transition will be gone by 2050, analyst says
Independent exploration and production (E&P) firms that fail to adjust to the energy transition face extinction before 2050, an analyst said today.
Independent exploration and production (E&P) firms that fail to adjust to the energy transition face extinction before 2050, an analyst said today.
Oil extended its gain with investors weighing news of another Covid-19 vaccine breakthrough as OPEC+ moved closer to delaying a planned easing of output cuts.
An Aberdeen start-up firm’s technology for slashing oil well decommissioning costs has passed its first North Sea trial with flying colours.
A project boss at Ocean Winds has said the UK Government's target of generating 40GW of electricity from offshore wind by 2030 is ambitious, but can "absolutely" be achieved.
While some aspects of our everyday life changed significantly during the pandemic, two things have remained constant, our ever-increasing energy demands and questions around the capacity of our ageing energy infrastructure to meet this demand. That makes the Energy White Paper crucial and its continuing delay a problem.
The finalists for the 2020 EIC Awards have been announced, with 39 companies competing for 11 categories at the prestigious energy supply chain awards ceremony, taking place on Thursday 3rd December.
Harbours in Scotland, Wales and Northern Ireland could be disadvantaged, compared to English peers, unless devolved administrations move quickly to develop policies for potential new freeports, it was claimed last night.
Oil has risen on optimism over China’s recovery from a virus-led demand crash and as advisers to President-elect Joe Biden ruled out a national lockdown to curb the spread of Covid-19.
Unmanned aviation firm Flylogix is planning more flights to monitor methane emissions from North Sea platforms early next year after reaching a new milestone.
Norwegian energy giant Equinor has announced planned changes to its corporate structure.
Brunei Shell Petroleum Company has exercised an option for Maersk Viking to drill a deepwater exploration well.
Energy service giant Wood has completed the sale of its stake in TransCanada Turbines to joint venture partner TC Energy for £51 million.
DNV GL has published the oil and gas industry’s first recommended practice (RP) on how to build and quality-assure digital twins.
In the “business-as-usual” version of 2020, global leaders should have been gathering this week in Glasgow for the most important meeting on climate since the Paris Agreement five years ago.
Oil and gas firm Neptune Energy is joining forces with charities to help tackle mental health issues and youth unemployment.
UK businesses are facing an era of unprecedented disruption and transformation as a direct result of climate change.
Private equity firms that piled into oil-production assets in the past few years now find themselves stuck, and forced to contemplate novel ways to make an exit.
Equipment rental business Hiretech has invested a six figure sum in establishing an air powered winch offering as part of its growing rental portfolio.
Oil and gas firm Chrysaor is seeking permission to store carbon dioxide in a depleted southern North Sea gas reservoir.
On this week’s episode, in association with Fasken, the team looks at the return of RockRose Energy founder Andrew Austin to the North Sea fold, after he sold up his former firm for nearly £250m earlier this year.
UK oil and gas industry figures have stressed the need to protect indigenous hydrocarbon production amid the nation’s drive to net-zero.
This current “oil crash” is the 6th that has occurred since the start of the 1980s. Some were deeper, some were longer, but on average these events have occurred every 5 years one way or the other.
Tems International, an Aberdeen-based supplier of environmental management and compliance services to oil and gas exploration and production companies, said yesterday it had secured a major contract for work in offshore Trinidad and Tobago.
Partners at law firm Burness Paull believe the strategy of maximising economic recovery from the North Sea can co-exist with UK net-zero ambitions.
Innovation funding specialist ABGI UK has called for stricter measures and greater regulation of advisers after more than £300m incorrect and illegitimate R&D tax claims were identified within HMRC’s annual report.