Premier boss expects ‘further talks’ on BP deal post-merger
Tony Durrant said he was “disappointed” that Premier Oil’s acquisition of BP’s stakes in the Andrew and Shearwater fields had been derailed.
Cook and Wentworth boss will be only two women CEOs of London-listed oil companies
Linda Cook’s appointment to the top job at the combined Chysaor-Premier Oil business will make her only the second woman chief executive at a London-listed oil and gas company.
Hydrogen is going global – fast
As most science nerds will know hydrogen is the most abundant element in the universe. It’s everywhere we look although the vast majority is out of reach until we develop the ability to travel at warp speed. Yes, I admit it. I am a Star Trek fan.
Oil industry making changes at scale and at pace to lower emissions
In February I wrote about the challenges and opportunities of the energy transition, prompted by a speech by Oil and Gas Authority chairman Tim Eggar.
Developing value chains in CCS for the energy industry
As the number of carbon capture and storage (CCS) projects continues to grow, Tenaris is looking into new ways to support the energy industry to meet the net zero emissions objectives.
J+S Subsea appoints first managing director
Reborn global subsea controls company J+S Subsea has hired a managing director and also unveiled former Sparrows Group boss Doug Sedge as a non-executive director.
Sir Ian on why Forties field was a leap of faith for the city
It was a bold move into a brave new world; the discovery of oil in the Forties Field in the North Sea on October 7 1970.
Forties at 50: Golden age of the oil boom in the north-east
Stewart Milne vividly remembers the impact which the discovery of the Forties Field in the North Sea had on the region when he and his generation grew up.
Accelerating after Covid-19: A day of reckoning or new opportunity?
Covid-19 has caused an unprecedented global economic and social crisis. The pandemic has significantly affected all aspects of life. Almost overnight the world as we knew it began to spin on a completely different axis.
Seagreen snub for BiFab leaves both governments with serious questions to answer
The failure to bring even a fraction of the Seagreen windfarm contracts to Scottish yards is a scandal on several levels and politicians should unite to insist on a forensic inquiry into how it happened – yet again.
Texo pioneers unmanned inspection method on North Sea FPSO
Texo Group’s sister company Texo DSI has successfully pioneered a new unmanned inspection method on a major UK North Sea FPSO, delivering significant safety, time and cost saving benefits.
More Scots companies should consider AIM listing, says capital markets expert
Scottish telecoms technology company Calnex Solutions today confirmed its £42m listing on London’s AIM market – the first Scottish AIM listing since 2018.
Neptune Energy appoints Pierre Girard as director of New Energy
Neptune Energy today announced the appointment of Pierre Girard to the newly-created role of Director of New Energy.
Petrofac to support Australia’s largest commercial-scale green hydrogen project
Petrofac has been awarded its first ever green hydrogen front end engineering design (FEED) contract.
Equinor shuts down four fields off Norway due to strike
Strike action has forced Equinor to shut down production at four of its fields on the Norwegian continental shelf.
Updated: Independent Oil and Gas abandons pursuit of Deltic Energy
Independent Oil and Gas (IOG) said today it won’t be making an official offer to acquire fellow southern-North-Sea-focused firm Deltic Energy.
Updated: Weir Group strikes deal to sell oil and gas division to Caterpillar
Scottish engineering firm Weir Group has struck a deal to sell its oil and gas division to US construction machinery and equipment giant Caterpillar for £314 million.
Forties discovery transformed north-east lives
BP’s announcement of a huge discovery in 1970 transformed life for thousands in the north-east as Neil Drysdale recalls out
Subsea industry is cautiously upbeat
A snapshot survey of the UK’s £7.8 billion subsea supply chain has revealed smaller firms in the underwater engineering industry are cautiously optimistic about the next six to 12 months.
Which way to decarbonisation?
The transition towards a clean energy future has begun. Following on governments’ footsteps, many leading energy companies are publicly announcing their commitments for 2050. These commitments include targets to reduce greenhouse gas emissions, lower environmental impact and mitigate climate-related risks associated with their business activities. While these targets are for the long term, most companies have started to develop and execute near-term action plans to ensure they progress toward their stated goals. At the same time, they are assessing the risks and opportunities arising from their plans and seek to understand the impacts on their operations and markets.
Firing the starting pistol on countdown to COP26
World leaders were due to convene in Glasgow for the UN Climate Conference (COP26) in November for what was anticipated to be a transformational moment in the energy transition.
How to be seen to be green, without just a lick of paint
The global focus and dependency on fossil fuels and shift towards low carbon energy has been building for many years, but only in the last 18 to 24 months has it become a leading agenda item in national and international political arenas.
Net zero by 2050 and climate change
The European Union is committed to achieving net-zero emissions by 2050. To support this, Brussels plans to create a €225 billion green bond as part of a shift towards cleaner economies.
Don’t let there be a ‘Kodak moment’
The UK North Sea oil industry may have reached its own Kodak moment, said Stuart Payne, a director at the sector’s regulator.
Business leaders demand ‘huge ambition’ from government as energy transition takes leading role at exports conference
The Virtual Energy Exports Conference saw Energy Transition and COP26 emerge as the running themes throughout the event, with 2,500 delegates joining from across the world to hear about US$800bn in energy export opportunities from senior project decision makers.