Russian vessel spotted touring Shetland oil fields
Orkney and Shetland MP Alistair Carmichael has raised concerns over a Russian tug vessel spotted near vital energy infrastructure around Shetland.
energy security
Shell CFO says shareholders focusing more on energy security
Shell Plc investors are showing more interest in energy security in the wake of the crisis triggered by Russia’s invasion of Ukraine, according to Chief Financial Officer Sinead Gorman.
UK annual energy imports bill crashes through £100bn threshold for first time ever
For the first time ever, the UK shelled out more than £100 billion on annual energy imports in 2022.
‘Definite’ rise in defence investors interested in energy following Russia’s Ukraine attack
An energy entrepreneur says there are “definitely” more defence investors interested in the sector following Russia’s invasion of Ukraine, launched a year ago today.
UK oil sector ‘engaged’ with government as Norway prepares for Russian spies
As Norway predicts Russian spies will target its energy sector, the UK oil and gas trade body said it is continuing with "regular engagements" with the UK government on any threats on this side of the North Sea.
Norweigan energy braces itself as Russian spy activity predicted
The Norweigan police agency has predicted an increase in Russian spy activity targeted at the country's energy sector.
Saudi Aramco says ESG investing threatens energy security
Saudi Aramco’s top official warned Sunday that an increased focus on climate was undermining investment in oil and gas to the point where it now posed a threat to the world’s energy security.
Oil and gas companies lodge over 100 bids in North Sea licensing round
More than 100 bids have been lodged for the UK’s 33rd offshore oil and gas licensing round, the industry regulator has confirmed.
Stephen Flynn hints Cambo oil field would help Scotland’s ‘energy security’
SNP Westminster chief Stephen Flynn claimed the Cambo oil field near Shetland should not be ruled out if it can successfully meet key climate change targets.
Energy security will still have ‘major impact on oil and gas’ in 2023
As we approach the first anniversary of Russia’s invasion of Ukraine, it is a further reminder that energy security will continue to have a major impact on oil and gas markets and how nations meet their energy requirements.
Outgoing OEUK chief Deirdre Michie on her time at the helm and ‘another extraordinary year’
As “another extraordinary year” in the energy sector comes to an end, outgoing chief executive of Offshore Energies UK (OEUK), Deirdre Michie, reflects on the last 12 months and her time at the helm of the trade body.
Grant Shapps: A look at the new business and energy secretary’s policy record
From energy rationing to onshore wind, the newly appointed business and energy secretary, Grant Shapps, has voiced opinions on a range of topics in the sector.
UK seeks 20-year gas deal with Norway to avoid winter blackouts
The UK is on the cusp of securing a natural gas contract with Norway for as long as 20 years in a bid to stave off the risk of winter blackouts, people familiar with the matter said.
Brian Wilson: Starmer’s Great British Energy proposal is sign of the times
A month is indeed a long time in politics. Since I last wrote here, we have a new Prime Minister, a crashing pound and an unprecedented scale of intervention in the energy markets in an effort to stave off the worst impacts of impending price rises.
Building the right ecosystem is key to future prosperity for the North Sea
Increasing political and social pressures regarding energy transition and security has once again thrust the North Sea into a period of significant transformation.
Dolphin Drilling to bring Borgland rig to UK to support North Sea push, plans for IPO in autumn
“Offshore drilling is coming back, big time,” Bjornar Iversen, chief executive of Dolphin Drilling, excitedly told a room of senior company figures, and myself, during a visit to the Borgland Dolphin rig in Norway last month.
Liz Truss rules out further windfall tax on North Sea operators
Liz Truss signalled support for the North Sea oil and gas industry during her first Prime Minister's Questions in the top job.
Norway steps up for Europe’s energy security
Russia's invasion of Ukraine has brought energy security into the spotlight and Norway is stepping up to meet demands while providing stable finances for producers and leading the way in decarbonisation.
NSTA gives Centrica green light to reopen Rough gas storage site
Centrica (LON: CNA) has been given the go-ahead by the industry regulator to reopen the Rough gas storage site off the coast of England.
The FPSO is away, but will the BP Foinaven field be redeveloped?
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
Norway has strategic value to Europe beyond oil and gas
In September 2014 and in the face of mounting uncertainty over Russian gas supplies continuing to be available because of the then conflict over Ukraine, then European Energy Commissioner, Guenther Oettinger, suggested that Norway could play a fundamental role in shoring up EU energy supplies then and into the future.
‘He literally banged the table in frustration’ – Johnson riled by slow offshore wind timelines
Boris Johnson is demanding the offshore wind industry slashes the time it takes to build a wind farm in the UK.
Climate and energy security now one and the same, says COP26 president
Russia’s invasion of Ukraine means climate security and energy security are “now synonymous”, according to the UK’s COP26 President.
Plexus noticing ‘quite a pickup’ in enquiries off the back of North Sea ‘resurgence’
The boss of Aberdeen-headquartered Plexus Holdings (LON: POS) is forecasting a “significant resurgence” in North Sea activity.
Energy at a crossroads: which way next?
After a certain amount of time in this industry, you get a certain understanding for how the energy system works.