Security concerns and geopolitical risk a ‘wake up call’ for the North Sea
An industry veteran believes recent events in the North Sea have served as “wake up call” as to the potential vulnerability of oil and gas assets.
North Sea
Hurricane officially axes Halifax, once thought to hold 1.2bn barrels
Hurricane Energy (LON: HUR) has finally called it a day on a West of Shetland prospect, once thought to hold 1.2 billion barrels of oil.
Operators urged to be vigilant after drones spotted near North Sea platforms
Norway’s offshore watchdog has urged “increased vigilance” after unidentified drones were spotted near North Sea platforms.
Taqa share of decommissioning Brae Area up $352m after Fujairah default
Taqa’s share of the decommissioning bill for the Greater Brae Area (GBA) has increased by more than $350 million after a licence partner defaulted on its liability.
Production drives 88-fold profit surge at Serica Energy
Serica Energy (LON: SQZ) has seen its profits surge 88-times over year-on-year amid a boost to new production.
New partner for busy energy deals team at Addleshaw Goddard
International law firm Addleshaw Goddard has added another high-profile partner to its Corporate and Energy team in Aberdeen.
ONE-Dyas sanctions £450m North Sea gas field powered by wind energy
ONE-Dyas and its partners have approved a £450 million gas field in the North Sea which will be powered by wind energy.
‘What’s your message to Aberdeen offshore workers?’ GMB asks Labour of energy policy
The GMB Union has posed questions to Labour on its UK energy policy, including the message for thousands of offshore workers in Aberdeen and north-east England who would be impacted.
‘Huge victory for contractors’ as Kwarteng pledges to repeal IR35 tax rules
The Chancellor has pledged to repeal controversial changes to off-payroll working laws in a bid to boost the labour market.
Decom Engineering appoints BG and Aker veteran as Aberdeen manager
A veteran of BG Group and Aker Solutions has been named as the new general manager of Decom Engineering in Aberdeen.
Maersk Drilling lands £30 mill contract with Ineos
Danish drilling rig operator, Maersk Drilling has secured a four-well contract in Denmark worth £30 million with Ineos.
Turbulence at helicopter firm CHC amid management shakeup
An abrupt management shakeup at CHC has raised questions over turbulence at the North Sea helicopter operator.
North Sea firm Longboat secures rig to spud exploration well
Longboat Energy (LON: LBE) has struck a deal to secure a rig, opening the door for the spudding of a North Sea exploration well.
Jersey making ‘great progress’ in finding partner for GBA redevelopment
Jersey Oil and Gas is making “great progress” in its quest to find a partner for the Greater Buchan Area (GBA) redevelopment.
Prosafe lands extension worth $3.5m with BP for Seagull project
Prosafe (OLSO: PRS) has landed its first extension worth $3.5m (£3.1m) with BP to support development of the Seagull field in the UK North Sea.
North Sea oil revival may hinder renewables firm’s attempts to attract workers
A shortage of skilled workers is already costing the UK dear as various industries try in vain to attract staff.
Details of oil and gas climate checkpoint – that could herald North Sea ‘resurgence’ – imminent
A new dawn for North Sea could be imminent with long-awaited details about the UK’s climate compatibility checkpoint expected shortly.
Liz Truss trying to ‘drill her way’ out of energy crisis
Prime Minister Liz Truss has been accused of “climate denial” for her plans to issue more than 100 fresh oil and gas permits.
Norwegian-Scottish offshore wind partnership to support North Sea oil and gas decarbonisation
A pair of leading European offshore wind developers have unveiled plans to support North Sea oil and gas decarbonisation.
Katoni lands seven-figure deal with Dana Petroleum
Katoni Engineering has signed a three-year contract with Dana Petroleum, which includes a focus on cutting emissions and reaching net zero on its North Sea assets.
Dolphin Drilling returns to capital markets after three year absence
After three years away, Dolphin Drilling has today returned to the capital markets, with a view to a public listing at the end of next month.
Stork workers who took part in North Sea wildcat strikes to be disciplined, letter confirms
Stork has written to its employees that engaged in wildcat North Sea strikes last week to express the company’s “disappointment” in their actions.
More disappointment for Longboat Energy as Copernicus prospect flops
Longboat Energy (LON: LBE) has announced that the Copernicus exploration well offshore Norway has been plugged and abandoned after coming up dry.
‘She truly cared’: Oil chaplain offers poignant tribute to Queen Elizabeth
Aberdeen’s oil and gas chaplain has paid a poignant tribute to the Queen, reflecting on his own time serving Her Majesty and her care for those working offshore.
Reabold agreed £32m deal with anonymous ‘oil and gas major’ for stake in Corallian
An unnamed “oil and gas major” has struck a £32 million deal to acquire the controlling stake in West of Shetland operator Corallian Energy.