Symbolic bans on oil E&P won’t help us with climate change, Shell boss says
The chief executive of Shell said today that “symbolic” bans on oil and gas exploration and production would not help the UK tackle climate change.
Cambo
Drilling Cambo oil and gas field will help climate change, industry chief claims
Drilling the Cambo oil and gas field will help the UK cut its carbon emissions, the head of the industry body has claimed.
Cambo oilfield protestors occupy UK Government building in Edinburgh
A dozen activists have staged a protest at a UK Government building in Edinburgh in hope of convincing ministers to reject proposals for the Cambo oilfield, west of Shetland.
Rystad forecasts 20 FPSO awards for 2021 and 2022
A total of 20 FPSO awards are expected to be made in 2021 and 2022, bringing a boost to fabrication yards, according ot new analysis from Rystad Energy.
Ministers grilled over Shetland oil project ahead of climate conference
Ministers have been criticised over plans for a new North Sea oil and gas project, which could be approved just months before Scotland is due to host a global climate conference.
Siccar Point takes step towards investment decision on Covid-delayed Cambo
Private-equity backed Siccar Point Energy has taken another step en route to a final investment decision (FID) on Cambo, a major oil project west of Shetland.
Siccar Point losses widen as key Cambo and Rosebank decisions await
Losses at Siccar Point Energy more than doubled in 2020 as the North Sea operator looks ahead to key decisions on its flagship Cambo field and the Equinor-operated Rosebank.
Sembcorp ‘back on track’ on Cambo FPSO for Siccar Point
Sembcorp Marine has said it is “back on track” with work on the Cambo FPSO for Siccar Point Energy.
UK offshore market expecting rebound ‘over the next 24 months’ – Westwood
The next 24 months will see a “rebound” in work for the UK North Sea, according to Westwood Global, with a clutch of offshore projects for contractors to keep an eye on.
UK remains ‘core position’ for Shell oil business amid net zero drive
Shell has named the UK North Sea as one of nine “core positions” for its oil and gas business going forward, as it today revealed its net zero strategy.
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.
How to be seen to be green, without just a lick of paint
The global focus and dependency on fossil fuels and shift towards low carbon energy has been building for many years, but only in the last 18 to 24 months has it become a leading agenda item in national and international political arenas.
Major project delays are ‘fair warning’ to those seeking greater oil exposure for Shetland
Energy Voice recently reported on Shetland Islands Council's ambitions to retain more tax revenue from oil and gas operations around the isles in its self-determination bid. Jon Fitzpatrick, managing director of consultancy Gneiss Energy, gives his view.
Shell sees ‘running room’ in West of Shetland
Shell has reiterated its “commitment” to the North Sea and West of Shetland, saying there is still “running room” in the region.
Analyst predicts return of marginal gains ethos in North Sea
Coach Sir Dave Brailsford is widely credited with turning around the fortunes of Britain’s cyclists using the “marginal gains” philosophy.
Shell boss says headcount reductions ‘probable’ in time, while projects also at risk
Shell’s boss has said the firm will “probably” have to reduce its headcount and “resize” parts of the organisation the longer the oil price slump lasts.
Siccar Point delays approval for flagship Cambo field in West of Shetland
Siccar Point Energy has announced it will defer approval of its highly-anticipated Cambo development until the second half of next year due to the coronavirus outbreak.
More than a dozen North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
All the North Sea’s majors are switched on to platform electrification, says Baker Hughes VP
Every major oil firm in the UK and Norway is now engaged in talks on electrification of offshore platforms, according to energy services giant Baker Hughes.
The other side of Lerwick’s story
Lerwick harbour continues to add to its reputation as a leading support hub for the oil and gas industry in northern waters through its contribution to the offshore sector’s operations west of Shetland.
Consultancy Genesis says margins remain under pressure amid stiff competition
A global oil and gas consultancy with a base in north-east Scotland has blamed stiff competition for a near doubling of its pre-tax losses.
Siccar Point sale attracts bids of up to $2bn – report
Bids to buy North Sea producer Siccar Point Energy have come in at between $1.2bn and nearly $2bn, according to a news report.
Siccar Point reaches another milestone ahead of Cambo FID
Siccar Point Energy has reached another checkpoint en route to a final investment decision (FID) for its 900 million barrel Cambo project off Shetland.
Siccar Point aims to keep options open with new gas line west of Shetland
The design for the Cambo field, west of Shetland, will take some of the sting out of a problem that has “held back” production from the area for decades, an oil company chief said.
Time for a rethink in the Faroes
It’s fifth offshore oil & gas licensing round is likely to be the final throw of the hydrocarbons dice for the Faroe Islands.