Scotland’s net zero secretary said the country's oil and gas expertise and close links with Europe would open new hydrogen export opportunities, but stressed it must also bring local investment.
Oil & Gas
A raft of planned improvements have been earmarked for Aberdeen’s North Sea Memorial Gardens as part of a transformational re-design.
Shareholders at Genel Energy have rejected the election of three directors at today’s AGM.
A windfall tax could crimp investment in the UK’s energy system, said the chief executive of BP.
Drilling contractor KCA Deutag has disclosed the impact of a “sophisticated attempted ransomware attack” on the company last year.
Competition authorities have pushed back their planned decision date on whether CHC will be able to take over fellow North Sea helicopter firm Babcock.
Maurel et Prom has secured a new bank loan under “very favourable terms” and is scaling up its dividend plans.
Shell has struck a deal to sell its retail and lubricants business in Russia to locally owned Lukoil.
North Sea operator Neptune Energy almost quadrupled its quarterly takings year-on-year, driven by a resurgence in oil and gas.
Oil and gas firm Capricorn Energy confirmed drilling is away to kick off on a North Sea prospect imminently.
Maersk Drilling secured contracts worth £292 million in the first three months of the year.
Inpex’s (TYO:1605) proposed Abadi liquefied natural gas (LNG) plant in the Masela Block offshore Indonesia, which has long struggled to gain traction, has been delayed even further with a final investment not targeted until the latter half of this decade. Significantly, the project looks increasingly unlikely to be developed.
Australian operator Santos (ASX:STO) is preparing to decommission the floating storage and offloading (FSO) facility, as well as platforms, at Bayu Undan offshore East Timor, as soon as possible, as it accelerates plans for a giant carbon capture and storage (CCS) hub at the mature field.
Robert Gordon University (RGU) and the University of Strathclyde have signed a five-year agreement which will see them collaborate in supporting new postgraduate marine research and developing new technologies.
The United Nations has begun securing funding commitments to tackle the dangers posed by the FSO Safer, offshore Yemen.
Eni’s Scope 1 and 2 emissions increased in 2021, largely as a result of its African operations, but it offset this through the acquisition of 2 million tonnes of CO2 equivalent in forestry credits.
Tesco boss says oil giants would be unfazed by windfall tax, industry expert warns it could create a precedent
The chairman of supermarket chain Tesco has added his name to the list of those calling for a windfall tax on the profits of oil and gas companies.
First Minister Nicola Sturgeon has warned that Scotland faces a “tsunami of fuel poverty” as energy bills are set to increase again in October.
Energy services giant Subsea 7 has bagged a multi-million pound contract for work in the Caribbean.
Industry regulator the North Sea Transition Authority (NSTA) has released a new dataset to help four North Sea operators to reduce their decommissioning costs by 50%.
Aberdonians want oil and gas to continue without a tax on excess profits while work continues on the shift to greener energy, according to senior Tory Michael Gove.
Wood has been appointed as capital delivery partner for Esseco UK’s chemical production facility in Wakefield.
Harbour Energy is pushing ahead with an “active rig programme”, with plans to drill over 20 development and infill wells in 2022.
BW Offshore’s strategy for recycling its end-of-life floating production storage and offloading (FPSOs) units has been criticised following a fatality at a ship breaking yard in India. BW is one of the largest operators of FPSOs for the oil and gas sector, but its decommissioned units are being dismantled in yards with questionable health, safety, and environmental credentials.
A leading analyst says the North Sea “could do with another Buzzard” to offset production decline and plug the import gap.