‘Staggering situation’ as UK regulators not investigating North Sea rig incident
A North Sea union boss has called out the “staggering situation” whereby UK regulators are not investigating Sunday’s offshore rig incident when a worker went missing.
North Sea
Serica Energy backers approve Tailwind takeover
While the acquisition has secured enough backing to move forward, there is still a sizeable chunk of shareholders who opposed it.
Serica backers readying for crucial vote on Tailwind acquisition plans
Investors in Serica Energy are preparing to head to the metaphorical ballot box to vote on the company’s planned acquisition of Tailwind Energy.
Missing worker: Police to board North Sea rig in Dundee
Police officers will board an oil rig in Dundee this week after a worker went missing in the North Sea.
Sturgeon ‘cautiously optimistic’ about Acorn ahead of key CCS update
Scotland’s First Minister is upbeat about the prospects for a major north-east decarbonistion project, amid growing uncertainty about its future.
Potentially ‘over 300’ unexplored North Sea discoveries at risk due to windfall tax uncertainty
Hundreds of North Sea oil and gas discoveries could be abandoned as companies battle with uncertain headwinds.
North Sea windfall tax raises 25% less than expected in December
The windfall tax on North Sea oil and gas producers raised nearly 25% less than expected for Treasury coffers last month.
North Sea rig Valaris 121 arrives in Dundee after worker goes missing
A North Sea oil rig has arrived in Dundee after one of its workers went missing.
Oil industry warns of ‘disaster’ as Labour pledges to increase windfall tax
Labour shadow chancellor Rachel Reeves has pledged her party will increase the North Sea windfall tax, in a move industry says will spell “disaster”.
‘Much further justification needed’ for Scot Gov exploration stance, says top academic
Scottish Government plans to accelerate the decline of the oil and gas industry have been questioned by a top petroleum economist.
EnQuest picks Saipem for Heather jacket removal
EnQuest (LON: ENQ) has hit a “significant milestone” in its campaign to decommission a decades old North Sea field.
Saipem secures North Sea work with Equinor
Offshore contractor Saipem (MI: SPM) has bagged a deal with Equinor (OSLO: EQNR) for work on a North Sea pipeline project.
The long arm of the law: North Sea assets as targets for protests
Located dozens of miles out to sea, it would stand to reason that oil and gas assets are unlikely targets for protestors – for the sake of convenience if nothing else.
Over 6,000 visitors expected at Aberdeen’s Subsea Expo 2023
Subsea Expo, the global underwater showcase in Aberdeen, is set to return to pre-pandemic numbers this year, with more than 6,000 visitors expected.
Harbour Energy confirms cuts to North Sea spending as it bares windfall tax hit
Harbour Energy (LON: HBR) has confirmed cuts to its planned UK spend in response to Westminster’s tinkering of the tax regime.
Experts warn windfall tax may hit demand for Aberdeen office take-up this year after buoyant 2022
Commercial property experts fear a North Sea oil and gas slowdown caused by the windfall tax could put an Aberdeen office market recovery into reverse.
Petrofac workers on BP assets resume strikes after talks break down
Petrofac (LON: PFC) employees on a host of BP (LON: BP) North Sea assets downed tools this morning after negotiations stalled.
EnQuest CEO takes shot at ‘particularly unstable’ UK tax system
Interview suggests North Sea was the high-growth area for EnQuest, but could be replaced by Asia in wake of the UK windfall tax
Archer and IKM in for Baker Hughes’ pumping and tubing division
A pair of firms are making a play for Baker Hughes’ coil tubing and pumping business, potentially paving the way for its takeover of rival Altus Intervention.
UK minister slams Scottish energy strategy as ‘environmental nonsense’
Graham Stuart says oil and gas is not ‘some terrible Tory choice’ but the ‘nature of this economy’
French giant TotalEnergies accounting for $1bn windfall tax hit ahead of 2022 results
North Sea operator TotalEnergies (LON: TTE) expects to shell out millions of pounds to the UK Government, as a result of the divisive windfall tax.
Only six big-spend projects for UK North Sea in coming years
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
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.
Investors could ‘withdraw’ from Acorn CCS project over delays – Matheson
Meanwhile the UK Government has pledged an update on Track 2 - part of its £1bn carbon capture fund - in spring.
A ‘cheap shot’, ‘ill informed’ – oil workers united in opinion of Scot Gov energy strategy
North Sea workers have had their say on Holyrood’s plan for accelerating the decline of the oil and gas industry.