Protest-plagued North Sea project achieves first oil
A £200 million North Sea project that environmental activists repeatedly tried to thwart has delivered first oil.
BP
West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks
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.
West of Shetland decommissioning spending on the rise
The total amount expected to be spent on decommissioning oil fields in the West of Shetland this decade has surged above £1billion.
BP confirms sale of London HQ
Energy giant BP has sold its head office in London to Hong-Kong based Lifestyle International for £250 million, a news report said.
Oil cash risks overheating renewables market
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 Brewery Strikes Back: Brewdog compares BP to ‘Darth Vader’ in spat over emissions
The CEO of Brewdog has entered into a public spat with BP over its carbon emissions, comparing the energy giant to “Darth Vader”.
ETIDEX: Greenpeace and lawyer at odds over North Sea activism
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 shares video of robot dog ‘Spot’ on oil platform
BP has shared a video of a robot dog being used on one of its oil and gas platforms.
Flylogix targeting more North Sea methane monitoring trips in 2021 after reaching milestone
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 majors expected to make ‘targeted’ renewables acquisitions in coming years
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.
Electrification of older platforms as complicated as ‘open heart surgery’, Shell chief says
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”.
Africa’s double energy challenge
At a point when the world is talking of the energy transition, sub-Saharan Africa actually faces two.
Oil RenAIssance: Big Oil is tapping Big Tech once more
Renewable energy technologies and the use of big tech within the oil and gas sector have been accelerated due to the COVID-19 outbreak.
Assessing energy merger and acquisition opportunities in a time of pandemic
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
BP and Orsted link up for industrial green hydrogen project
BP and Danish energy firm Orsted will team up to develop large-scale green hydrogen production at a refinery in north-west Germany.
Kosmos scraps Mauritania, Senegal sale plans
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 nears sale of London headquarters after £235million offer
BP is nearing the sale of its London headquarters to a firm controlled by Thomas Lau, brother of Hong Kong property billionaire Joseph Lau.
Shell, Total and Wood among finalists for 2020 OGUK Awards
Trade body Oil and Gas UK has announced the shortlist for this year’s instalment of its prestigious OGUK Awards.
Baker Hughes cuts headcount by 15% in latest hit for the industry
Baker Hughes has shed thousands of jobs in response to the downturn, cutting headcount by 15% so far this year.
Work on new collective deal for North Sea workers ‘moving forward’
Efforts to create a new collective agreement for North Sea workers are understood to be “proceeding”.
Analysts spell out cold, hard reality for BP
Commodity prices and refining margins will need to rise before pressure on BP’s credit rating eases up, Moody’s warned yesterday.
Trees as an asset class to tackle emissions
In order to limit global temperature rises to 1.5 degrees Celsius, companies must invest in technologies to remove emissions.
Hydrocarbons business is our ‘engine room’, BP chief says
BP chief executive Bernard Looney today described the firm’s hydrocarbons division as the “engine room” of the business.
Unburdened by huge write-offs and impairments, BP returns to profit in third quarter
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 starts up Qattameya field
BP has begun production at the Qattameya gas field offshore Egypt, in the North Damietta concession.