Major parties in ‘rush to the bottom’ on UK energy policy, says Kistos’ Andrew Austin
“Each time we think we have certainty, someone moves the goalposts and that's not helpful.”
Weekly Roundup
Energy Voice and EY launch 10 Point Pod white paper
The UK has successfully positioned itself as a global leader in the net zero journey. This was in part driven by the country hosting COP26 in Glasgow in 2021. But another key factor has been the government’s 10 Point Plan for a Green Industrial Revolution.
Six reasons why you should apply for X-Academy
Whether you’re passionate about saving polar bears, or just enjoy breathing fresh, clean air there are loads of reasons why we should be tackling the climate emergency.
Balmoral weathering pandemic storm in its 40th anniversary year
The trading challenges of 2020 are “not how I pictured our 40th anniversary year”, Balmoral Group boss Jim Milne said on Christmas Eve.
A bright future for the Guyana economy post-Covid
ABIS Energy is passionate about Guyana. We have been engaged with the Guyana economy for the past 4 years and foresee a bright future.
Energy Voice’s essential Guyana Playbook is now available
Guyana is the world’s most exciting frontier oil and gas exploration area. There’s a lot of oil, it’s good quality and it’s relatively cheap to produce. It has attracted a host of major players, including Hess, CNOOC, Total, Repsol, Qatar Petroleum, Tullow and, above all, ExxonMobil.
88E Preparing for Maiden Drilling of 1.6 Billion Barrel North Slope Project
88 Energy Ltd (ASX 88E; LON 88E) this week executed its drilling contract to drill the Merlin-1 and Harrier-1 wells for Project Peregrine on the North Slope of Alaska.
Ancala wins multi-million pound contract for Zennor Petroleum’s Finlaggan field
Anacala Midstream has won a multi-million pound contract to process gas from Zennor Petroleum’s Finlaggan field in the North Sea.
A number of ‘ifs’ in Labour plan to renationalise energy firms
There are a large number of 'ifs' that would need to be satisfied for a Labour government to take power in the UK with sufficient political support and time to allow it to pass the legislation required to deliver its desired renationalisation policy, against likely strong opposition from other political parties, MPs within the Labour party, stakeholders and the House of Lords and in the face of competing demands.
Think Tank report warns of ‘economic risk’ of independence
Scottish independence has “some logic” from a democratic standpoint but the economic risks could transform the nation into “Greece without the sun”, according to a right-wing think tank.
North Sea helicopter crash: All you need to know so far about the tragedy
Dozens of offshore helicopters were grounded after a Super Puma plunged into the North Sea killing 13 people.
Exclusive: Petrofac facing legal dispute over Laggan-Tormore bonuses
Petrofac is facing a legal battle over claims it has withheld hundreds of thousands of pounds in bonus payments from workers on its gas plant in Shetland. Contractors on the £800million Laggan-Tormore plant claim the oil and gas services giant has repeatedly fobbed off attempts to pay out bonuses worth up to £250,000. Tavish Scott, the Scottish Liberal Democrats’ Shetland candidate, weighed into the row, labelling the situation “unacceptable” and demanded that Petrofac pay the bonuses.
SunEdison seeks financing as bankruptcy looms
Solar energy company SunEdison said it hopes to secure financing by pledging assets ahead of expected bankruptcy proceedings.
Aberdeen hotel up for sale against backdrop of market struggles
An Aberdeen hotel was included in a £130million portfolio of 10 UK hospitality properties that was put up for sale yesterday. But potential suitors could be put off at a time when room revenues in the north-east market are plummeting. The Hotel Collection, a group of properties owned by Dallas-based private equity firm Lone Star, has instructed Savills and Rothschild to find buyers for the portfolio, which notched revenues of £48million last year.
OGA considering Theddlethorpe’s future
The oil and gas watchdog has confirmed it is considering plans to allow the decommissioning of a key North Sea gas plant in Lincolnshire.
FTSE 100 slips 100 points
London’s top flight index slid into the red yesterday after it succumbed to market jitters ahead of a meeting between oil suppliers over a potential production freeze.
Aker Solutions closes fabrication workshop with loss of 60 jobs
Aker Solutions has closed its fabrication operation at Agotnes, near Bergen in Norway, with the loss of 60 jobs.
Video: RT film crew uncovers oil links between IS and Turkey
A documentary film crew from Russia Today (RT) claimed to have uncovered evidence of the alleged links between Turkey and its oil trade links with Islamic State (IS).
ExxonMobil said to be eyeing stake in Eni assets
ExxonMobil is said to be in talks to take a sizeable stake in Eni's acreage off Mozambique, according to reports.
Marathon Petroleum named as best company to work for by Forbes
Forbes has named Marathon Petroleum has the best company to work in the US.
Subsea engineer moves from oil and gas to pursue dream career in sports journalism
Marc Wiggin is 36 and lives in Newmachar. Until recently, he was a subsea structural engineer contracted to Aker Solutions.
Opinion: What if we had voted to leave the UK?
Two candidates in the 2016 Scottish Parliament elections have given their view on a report which said every person would have been £1,800 fiscally worse off in an Independent Scotland as a result of the oil price decline.
Opinion: We should focus on the here and now – not the ‘what-ifs’
Two candidates in the 2016 Scottish Parliament elections have given their view on a report which said every person would have been £1,800 fiscally worse off in an Independent Scotland as a result of the oil price decline.
Video: Deepwater Horizon disaster gets Hollywood treatment
The first trailer of the Deepwater Horizon film expected for release later this year has emerged.
Norway wealth fund keeps buying as struggling petro-states sell
Norway will remain a bulwark against global stock declines as its sovereign wealth fund, the world’s biggest, proves to be an odd-ball among oil-built investment vehicles.