A £200 million North Sea project that environmental activists repeatedly tried to thwart has delivered first oil.
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
The total amount expected to be spent on decommissioning oil fields in the West of Shetland this decade has surged above £1billion.
Energy giant BP has sold its head office in London to Hong-Kong based Lifestyle International for £250 million, a news report said.
The rush for renewable energy investments by oil companies is driving up values and risks “overheating” the sector, a report from IHS Markit has warned.
The CEO of Brewdog has entered into a public spat with BP over its carbon emissions, comparing the energy giant to “Darth Vader”.
Greenpeace has been told that its activism in the North Sea crossed "the line” and “put lives at risk”, during the inaugural ETIDEX event from Energy Voice.
BP has shared a video of a robot dog being used on one of its oil and gas platforms.
Unmanned aviation firm Flylogix is planning more flights to monitor methane emissions from North Sea platforms early next year after reaching a new milestone.
European oil and gas majors are expected to make “targeted acquisitions” over the next few years in order to gain further footholds in the renewables market, according to a new study.
Shell’s UK North Sea chief has said the task of engineering ageing oil platforms to run on green power would be as complicated as “open heart surgery”.
At a point when the world is talking of the energy transition, sub-Saharan Africa actually faces two.
Renewable energy technologies and the use of big tech within the oil and gas sector have been accelerated due to the COVID-19 outbreak.
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
BP and Danish energy firm Orsted will team up to develop large-scale green hydrogen production at a refinery in north-west Germany.
Kosmos Energy has dropped plans to sell down its stake in an LNG project offshore Mauritania and Senegal, instead opting to seek financing for its plans.
BP is nearing the sale of its London headquarters to a firm controlled by Thomas Lau, brother of Hong Kong property billionaire Joseph Lau.
Trade body Oil and Gas UK has announced the shortlist for this year’s instalment of its prestigious OGUK Awards.
Baker Hughes has shed thousands of jobs in response to the downturn, cutting headcount by 15% so far this year.
Efforts to create a new collective agreement for North Sea workers are understood to be “proceeding”.
Commodity prices and refining margins will need to rise before pressure on BP’s credit rating eases up, Moody’s warned yesterday.
In order to limit global temperature rises to 1.5 degrees Celsius, companies must invest in technologies to remove emissions.
BP chief executive Bernard Looney today described the firm’s hydrocarbons division as the “engine room” of the business.
Energy giant BP returned to profit in the third quarter of 2020 as the firm benefitted from the absence of the huge write-offs and impairments which dented its previous results in August.
BP has begun production at the Qattameya gas field offshore Egypt, in the North Damietta concession.