BP and Rosneft only oil explorers to deliver 1billion+ barrels in 2021
BP and Rosneft were the only companies to deliver more than a billion net barrels of oil equivalent through exploration last year, according to new research.
BP and Rosneft were the only companies to deliver more than a billion net barrels of oil equivalent through exploration last year, according to new research.
The biggest North Sea majors are set to invest more in the region’s wind power in the coming years than in its oil and gas.
Alternative lender ThinCats has revealed its £13.5 million backing for north-east businessmen Alfie Cheyne buying back the company he founded, Ace Winches, from Balmoral Group.
Norway has dished out 53 licences in its latest round of awards for oil and gas exploration.
Aberdeenshire-headquartered Denholm Environmental plans to create up to 25 new jobs after a six-figure investment.
The world’s top market for subsea tie-backs will take an inflation-driven cost increase of £4.8billion on upcoming contract awards through to 2026.
For many, the Covid pandemic has been a catalyst to press re-set on everything from our social values to health, well-being and sustainability.
BP has handed in the decommissioning plan for the Foinaven FPSO in the West of Shetland following a flurry of HSE issues.
Tributes have been paid to John Westwood, founder of the namesake energy market analytics firm, who has died aged 76.
Equinor has said it will provide an update on the concept for the Rosebank project in the West of Shetland later this year.
Siccar Point Energy has said that Equinor, its partner and operator of the Mariner project, has been "premature" in making a huge downgrade in reserves estimates for the field.
Equinor has taken a £1.3billion impairment on the value of its Mariner field in the North Sea after a major downgrade to its recoverable reserves.
The UK arm of US helicopter giant Bristow has reported a narrowing of annual losses but it continues to rely heavily on goodwill from its parent.
Labour is set to pile extra pressure on the Government over the rising cost of living by challenging MPs to back up past promises on cutting VAT.
Labour has joined calls to impose a one-off ‘windfall tax’ on North Sea oil and gas companies to fund measures to ease household energy bills.
The new owner of Aberdeen marine and risk consultancy Marex is targeting its next phase of growth amid a shift into the renewables sector.
Shell (LON: RDSA) has overtaken AstraZeneca to become the company with the largest market value on the FTSE 100 index.
Oil majors should do more to break themselves up into separate low-carbon and fossil fuels businesses, according to Lord Browne, the former boss of BP.
CCS and CCS-enabled hydrogen will speed transition towards decarbonised energy security, writes James Richardson, Director, UK Industrial Decarbonisation at energy technology company Baker Hughes.
Diversify into Green Energy they say, “pivot”, but those who have successfully achieved this know it takes time and the path is fraught with danger... with the devil being in the detail.
The New Year is a time for staying close to home so, in that spirit, I will take a look at some energy-related issues that affect the Western Isles and will come to a head in 2022.
While energy sector attention is focused on the low-carbon narrative, the short-term outlook for upstream activity is positive as we head into 2022. Consensus amongst industry analysts point to significant percentage increases in activity for next year, with further increases in 2023 and beyond.
If you work in the oil industry this feels like the mandatory, apologetic disclaimer required before being allowed to weigh-in on the energy transition nowadays.
My definition of digitalisation is using digital tools to improve business processes.
ADNOC has announced an investment of nearly $1billion to extend the life of the Umm Shaif oil field which started up 60 years ago.