Stena Drilling bags Petrofac North Sea contract
Stena Drilling has won a new North Sea contract with Petrofac.
UK
Shell making 330 UK job cuts, majority in Aberdeen
Shell is planning 330 job cuts from its UK oil and gas business, the majority in Aberdeen, as part of its global restructuring.
EnQuest targets second quarter sailaway for Northern Producer
EnQuest is targeting a sailaway date “early” in the second quarter of next year for its Northern Producer vessel.
Operators put off decommissioning North Sea wells for more than 50 years
New figures have revealed that some North Sea operators have put off decommissioning oil and gas wells for more than 50 years.
UK plans Africa conference for January
The UK Department for International Trade (DIT) will hold the Africa Investment Conference on January 20, 2021.
UK hits brakes on foreign hydrocarbon lending
The UK government intends to halt funding for hydrocarbon projects overseas on the five-year anniversary of the Paris Agreement.
Time to start delivering low carbon projects at pace
The starting pistol on the countdown to COP 26 has been fired and for SSE Renewables which, as part of the SSE Group, was recently announced as a partner with the UK Government to support the summit in Glasgow in 2021, there’s no better time to discuss how we accelerate the transition to net zero carbon emissions by 2050.
Oil price rises on news of UK vaccine
Spreads at both ends of the oil futures curve rallied on Wednesday as the UK approved a Covid-19 vaccine and the physical market displayed signs of strength in Asia and the North Sea.
Want to win wind work? Survivex and AIS Training develop free wind industry guide for businesses
Leading UK energy trainers, Survivex and AIS Training, have developed a comprehensive free guide to the wind industry for businesses looking to diversify or secure work in the sector.
OBR cuts forecast for North Sea tax receipts
The Office for Budget Responsibility (OBR) has cut its forecast for North Sea oil tax receipts to the UK Treasury.
North Sea operators shelve half a billion pounds of decommissioning spend: OGUK
North Sea operators have shelved more than half a billion pounds of decommissioning spending, according to a new report from Oil and Gas UK (OGUK).
More than half of £50bn UK wind farm investment to go overseas
More than half of the estimated £50bn investment for the UK government’s offshore wind plan is expected to go to overseas companies.
Taqa takes £339million write-down on value of North Sea assets
Taqa has taken a £339million write-down in the value of its North Sea assets as a result of Covid-19 and the oil downturn.
Woman begins high court fight over oil drilling near Gatwick
A woman has begun a High Court fight over oil drilling near Gatwick and raised concern about the impact of greenhouse gas.
Shell gets UK tax refund, but pays over $1billion in nearby Norway
Shell paid billions of dollars in tax in 2019 to governments around the world. But in four countries, the energy giant got money back.
WATCH: UK offshore wind target is ambitious, but we can absolutely achieve it
A project boss at Ocean Winds has said the UK Government's target of generating 40GW of electricity from offshore wind by 2030 is ambitious, but can "absolutely" be achieved.
UK needs a clear strategy before green hydrogen energy can take off
A clear green hydrogen energy strategy is necessary if energy companies are to commit to investing in UK green hydrogen projects.
UK furlough support scheme extended until end of March
Rishi Sunak has announced a five-month winter extension to the furlough scheme, ending days of confusion over whether support would be offered to Scottish workers in the event of a future lockdown.
‘It sounds a bit scary, but it is exactly what we need’: Scottish Power chief on UK offshore wind target
The chief executive of Scottish Power has hailed the UK Government’s ambitious offshore wind plans, but raised concerns around the country’s ability to achieve them.
Maersk Training invests seven figures into Aberdeen
Maersk Training has recently announced a significant investment of $1million into its UK business, headquartered in Aberdeen.
Europe’s CCS projects boosted by increased funding
Increased funding from the EU and national governments have boosted the prospects for carbon capture technologies in Europe. Three projects in the Netherlands, Norway and UK could be operational by 2024.
Offshore sector records highest weekly Category B cases since start of Covid outbreak
The UK North Sea has recorded its highest weekly spike in offshore “Category B” cases since the country went into Covid lockdown in March.
BP to make 7,500 of global job cuts compulsory – report
BP will make 7,500 of its planned global job cuts compulsory after roughly 2,500 workers applied for voluntary redundancy, according to a news report.
Qatar books key UK LNG supply deal as export push begins
Qatar Petroleum is set to ramp up exports of liquefied natural gas (LNG) to the UK as the Persian Gulf country seeks buyers for the output from a new project and several large supply contracts are due to expire.
Use of offshore rigs sees ‘largest monthly drop for 20 years’ – Rystad
Use of offshore drilling rigs globally has seen the largest monthly drop in 20 years, according to analysis from Rystad Energy.