An eleventh hour bid to avert huge North Sea strikes has failed after workers rejected an updated offer.
TotalEnergies (LON: TTE) chief executive Patrick Pouyanne has called for an “industry wide solution” to slashing North Sea emissions.
The industry regulator has opened an investigation into the proposed sale by Esso of 13 producing fields to NEO Energy.
Increasing pressure is being put on upstream operators to decarbonise their operations, from investors, the regulator and the wider public. But while North Sea energy companies are moving to cut emissions, they still have challenging assets on their hands.
The Prosafe vessel Safe Caledonia is heading back to work for a Total contract, after more than a year being laid up in waters off Orkney.
Catering firm Aramark has landed a five-year contract award with Total across several of its UK North Sea assets.
French energy giant Total is weighing up a life extension for its Elgin-Franklin fields, which recently pumped out their billionth barrel from the North Sea.
Energy giant Total has reached the one billion-barrel milestone at its Elgin-Franklin complex, surpassing original estimates from when it started up nearly 20 years ago.
Total will remain one of the major players in the UK North Sea despite the proposed sale of a package of assets to Petrogas in a £509m deal.
The North Sea is the gift that keeps on giving for Total, an analyst has said.
Unite has announced a series of North Sea strikes will begin next month for Petrofac and Aker Solutions workers in defiance to plans to change rotas.