The North Sea oil industry’s old guard is concerned that the sector’s regulator is “losing balance” as a result of its efforts to help government meet net-zero targets, a top boss has claimed.
People questioning the oil and gas industry’s sustainability is not a new phenomenon. Far from it. For years oil companies, governments, investors and other stakeholders have questioned the sustainability of the industry and the need to address environmental, social and governance issues (ESG).
A group of Angus fisherman have caused a change of plans for a £3 billion offshore wind development.
The owner of the Port of Dundee is preparing a bid to obtain freeport status in a move that could bring millions of pounds of investment and hundreds of new jobs, The Courier can reveal.
Should the government stump up some of the cash it was going to pay out for decommissioning ahead of time, in order to get the ball rolling? Decom North Sea thinks so, although other opinions are available. At a time when the national debt is hitting record levels, and a number of sectors are calling for help, the government may not want to help out the oil and gas industry.
An innovative autonomous underwater vehicle being developed by Kawasaki Heavy Industries appears to have come through its 2020 trials with flying colours.
Oil explorer i3 Energy said today it had completed the acquisition of the petroleum and infrastructure assets of Canadian firm Gain Energy for £44.5 million.
Subsea 7 has clinched one-year extensions worth £117 million to the contracts for three pipelay support vessels with Brazilian operator Petrobras.
The co-pilot of the helicopter which crashed off Shetland was praised for his “quick-thinking” in deploying flotation bags to keep it afloat and allow passengers to escape.
EnQuest bosses said today that the recent shrinking of the firm’s UK North Sea footprint was just part of the “natural cycle”.
The UK Government revealed today that it would launch a review of the offshore oil and gas licensing regime as part of its efforts to achieve net-zero.
The operation to load-in the 14,200 tonne Ninian Northern topside at Lerwick Harbour's Dales Voe Base has been completed successfully.
Britain's energy regulator has fined SSE more than £2 million for a 2016 blunder which is likely to have pushed up wholesale electricity costs.
The Oil and Gas Authority (OGA) has offered for award 113 licence areas over 259 blocks or part-blocks to 65 companies in the 32nd Offshore Licensing Round.
Westwood Global Energy reports that as of September 2 there were two exploration wells active in the UK, with one in the central North Sea and one in the northern North Sea. So far in 2020, three exploration wells have completed. There has been no appraisal drilling yet this year.
Bosses behind a north-east, emissions-busting project said carbon capture represented a “tremendous opportunity” for oil and gas skills to be transferred over to clean-energy.
A new report from Crown Estate Scotland (CES) spells out how Scotland’s ports and harbours can tap into the “huge potential” of offshore wind.
The Gulf is slated to earn $270 billion less in oil revenue compared to last year. This is to a large extent because the region's economic heavyweight, Saudi Arabia, has been sinking deeper into recession amid the coronavirus pandemic.
A survivor of the horror Shetland helicopter crash – in which four people died, and a fifth later committed suicide – spoke of how submersive training he undertook in Norway was “much more rigorous” than the UK equivalent.
For the first time ever, solar and wind made up the majority of the world’s new power generation -- marking a seismic shift in how nations get their electricity.
When Kuwait’s then-Finance Minister Anas Al-Saleh warned in 2016 that it was time to cut spending and prepare for life after oil, he was ridiculed by a population raised on a seemingly endless flow of petrodollars.
An Aberdeen firm has struck a potentially lucrative deal to exclusively supply and install “the world’s most powerful magnets” in the UK.
Over the past few months the team at Katoni have proudly stepped forward as pioneers (or should that be Guinea pigs) in Energy Voice’s new Xpertise Series.
Dana Petroleum is going back out to its supply chain for help plotting the way ahead for a UK North Sea development project.
Over eight actions identified by the UK’s offshore oil and gas industry as essential if it is to realise a successful future in a lower carbon future have already been delivered, with a further 20 underway, despite the pressures heaped on the sector by the coronavirus pandemic.