This week’s oil price meltdown “won’t change” any short-term plans for Cairn Energy but could offer an opportunity, the Scottish oil firm’s boss said yesterday.
An “interesting marriage” between North Sea oil majors and offshore wind companies is imminent and could electrify the basin, according to the man leading the charge in the north-east.
With the transition to net zero gathering momentum, the importance of innovative subsurface technology and expertise to maximise economic recovery and diversify the energy mix will be the focus of two upcoming SPE Aberdeen events.
A partnership group of Equinor, Shell and Total has announced the completion of a carbon capture (CO2) storage suitability drilling campaign in the Norwegian North Sea.
Bringing about the energy transition needs to make “economic sense” and be socially and environmentally sustainable, according to Shell’s chief technology officer.
Oil and gas contractors are set to shun the North Sea sector rather than join supermajors after the introduction off-payroll working (IR35) tax changes next month.
Every major oil firm in the UK and Norway is now engaged in talks on electrification of offshore platforms, according to energy services giant Baker Hughes.
Jake Molloy, RMT Union regional organiser for the north-east of Scotland, last night said he was “not surprised” by the news that contractors are rejecting the PAYE offers by oil firms.
A group of oil and gas giants will today announce plans to accelerate a huge carbon capture, usage and storage (CCUS) project to decarbonise an industrial area of Teesside.
Royal Dutch Shell Plc is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government.
President Donald Trump’s top energy official said he’s confident that Russia won’t be able to complete the Nord Stream 2 gas pipeline in the Baltic Sea -- and signalled that the U.S. will press forward with its opposition to the project.
Oil bounced back from a one-year low in New York but the emergence of a glut since the coronavirus outbreak loomed over the market as traders looked to store excess crude on tankers.
Two of Europe’s biggest energy companies rejected a Chinese force majeure on liquefied natural gas contracts in the latest twist to a drama that’s gripping global commodities markets.