UK Government bank will consider buying stakes in floating wind ports
UK ports face uncertainty when investing in floating wind - the UK Infrastructure Bank is looking at levers to help.
UK ports face uncertainty when investing in floating wind - the UK Infrastructure Bank is looking at levers to help.
Offshore leaders are working to address health and safety risks as North Sea workers’ weight continues to grow.
Harbour Energy (LON: HBR) has completed drilling of the Tolmount East project ahead of first gas expected later this year.
Around 85 Petrofac (LON: PFC) workers will strike for six days after rejecting a pay deal the union claimed would amount to a £6,000 pay cut.
Norwegian company AF Gruppen (AFG) has secured a key decommissioning contract for a North Sea platform.
Serica reported a large increase to pre-tax profits but lambasted the “burden” of the UK windfall tax on the wider industry.
Meanwhile Var Energi, a partner on Johan Castberg, has also seen costs surge on its Balder X project.
A North Sea drilling industry body has warned the viability of UK renewables projects is at risk unless the UK government changes its policy towards windfall taxes and day rates.
Climate change protesters from Extinction Rebellion (XR) poured fake oil and set off smoke grenades in a targeted protest at the headquarters of the Labour Party in London.
It comes weeks after the firm received final bids for its SNS gas fields, and after exiting the Northern Endurance carbon capture and storage project.
The UK Government has formally approved the Affleck redevelopment - a new oil project in the North Sea.
HSE and the Police worked to strip the divers of their qualifications, both of whom worked for North Sea contractors.
Alan Herriot, who sculpted the Robert the Bruce statue in Aberdeen, will design the new memorial to North Sea divers.
A “colossal” £200bn could be spent in the UK North Sea by 2030, but about half of that is in investment doldrums over political uncertainty.
Environmental services firm Stepwise has announced a pilot project with North Sea operator Serica Energy to reduce emissions from offshore oil and gas wells.
Aberdeen University is working on a project where hydrogen could be “banked” in depleted oil and gas reservoirs in the UK North Sea.
All in all the research firm believes there is scope for companies to press the green button on 14 UK North Sea schemes in 2024 alone.
EnQuest (LON: ENQ) CEO Amjad Bseisu has warned that the UK is “completely uncompetitive” for upstream oil and gas investment.
A “fundamental belief” that the UK should be developing its North Sea resources is the big driver behind Chris Cox’s new vehicle, Curium Resources.
With interests in more than 30 fields in the North Sea, Viaro Energy has quickly established itself as a household name on the UK Continental Shelf. Pursuing a strategy of targeted M&A opportunities, the company has consistently capitalised on unfavourable market conditions through continuous investments in both exploration and production assets, made more affordable by the accompanying economic downturn.
TotalEnergies is weighing up its projects for FID (final investment decision) in the West of Shetland, but the uncertain fiscal regime in the UK may have an impact.
UK managing director Nicolas Payer on TotalEnergies' multi-energy plan for the region, and having 'no regrets' on sharing footage of the Storm Otto safety incident on Elgin-Franklin.
For the last fifty years, the North Sea energy industry has been synonymous with endeavour, innovation, and achievement.
Following an ‘OilyFans’ billboard sting in July, Don’t Panic is pitching a multi-thousand-pound online hit campaign, complete with a stunt film and deepfakes of oil bosses.
Aker Solutions and Mocean have signed an agreement which could see UK oil and gas fields powered by wave energy within two years.