Westminster’s hopes of spurring North Sea spend in the coming years could be derailed by one fundamental issue: a lack of available projects.
Ithaca Energy is preparing to pull the trigger on hundreds-of-millions of pounds worth of spend, should a handful of North Sea projects get the go ahead.
North Sea producer Ithaca Energy (LON: ITH) has posted pre-tax profits of more than $2bn in its first set of results since its London debut.
A host of North Sea environmental statements (ES), lodged between April and August, are still to be rubber stamped, with some expected to receive sign off before the year is out.
The CEO of the North Sea Transition Authority (NSTA) has been shouted off stage by protestors – during a speech about the energy trilemma.
Norway’s Equinor said it is “still working hard” on sanctioning the Rosebank oilfield in the first quarter of next year – despite the latest windfall tax “uncertainty”.
The looming threat of changes to the UK windfall tax is the “biggest question” hanging over development of the huge Cambo and Rosebank oilfields.
A top boss at Ithaca Energy (LON: ITH) hopes the company's initial public offering (IPO) in London will mark a “turning point” for investment in the North Sea.
An activist from the ‘Stop Rosebank’ group confronted Nicola Sturgeon during COP27 on Tuesday.
Removing and recycling old oil and gas assets will go a long way towards helping the North Sea hit its emissions reduction targets.
Ithaca Energy is likely to price at the lower end of its guidance when its planned flotation is concluded later this week, according to reports.
Environmental protestors have targeted companies and groups connected to Norwegian energy giant Equinor’s (OSLO: EQNR) Rosebank project.
Ithaca Energy, one of the North Sea's largest producers, could command a market valuation of up to £3.1 billion when it trades publicly next week.
Extinction Rebellion activists protested outside Equinor's, Aberdeen offices today to criticise the company's Rosebank development following the firm's Q3 results.
Campaign groups have vowed a virtual “day of action” in protest against the development of the Rosebank oil field.
Al Cook is trading up oil exploration with Equinor for hunting for diamonds in Africa with De Beers.
A frontier near the huge Cambo and Rosebank fields in the West of Shetland has been left “underexplored” according to a new study.
Extinction Rebellion holds ‘die in’ at Aberdeen University with demands to abandon oil and gas research
Climate protestors Extinction Rebellion have taken to Aberdeen University demand it stops supporting new oil fields and abandon research into the industry.
Appetite exists for new oil and gas exploration west of Shetland but vital infrastructure will be needed to make good on the region’s potential resources, according to Offshore Energies UK (OEUK).
A new dawn for North Sea could be imminent with long-awaited details about the UK’s climate compatibility checkpoint expected shortly.
Wood Mackenzie researchers say the government’s windfall tax measures are likely to wipe around 20% off the value of North Sea operators on average, with the impact largely dependent on current tax and investment status.
Equinor is hoping its £8 billion Rosebank project can “trigger” wider electrification across the West of Shetland region.
The former CEO of BP, who warned the industry of its impact on the climate 25 years ago, has said rising calls to cease new oil and gas in the North Sea should be tempered amid a need for homegrown supply.
Equinor (OSLO:EQNR) and its Rosebank partners expect to spend around £80 million on modifications to the Knarr FPSO which will ready the vessel to run on low-carbon power.
News that Equinor is pushing ahead with the development of a major North Sea oil and gas field appears to have split opinion at Aberdeen University.