The decommissioning costs of oil and gas firms which have recently gone bankrupt or are in financial distress is near $15billion, according to new analysis from Boston Consulting Group (BCG).
The Energy Institute has said the majority of UK workers plan to train for net zero in the coming year, but concerns persist on cost, timing, and availability of courses.
Aberdeen-headquartered Parkmead Group has agreed a €565,000 (£485K) deal to boost its holding in several onshore gas fields in the Netherlands.
Petrodec has offloaded a platform from the Perenco Amethyst field to a yard in the Netherlands for decommissioning.
More than 500 incidents were reported for onshore wind farms in the UK in 2020, according to an inaugural safety report.
Engineering and consultancy firm Wood said tonight it had agreed to settle legacy bribery and corruption investigations in Brazil, the UK and US for £127.5 million.
The first megawatts of electricity will flow between Norway and the U.K. Wednesday along the longest submarine power cable in the world.
Most UK adults want government spending on North Sea oil and gas redirected to renewables, according to a new campaigner survey.
KCA Deutag has hailed a series of contract awards worth around $550million (£388m) across the UK, Russia and Norway.
Upstream business Viaro Energy has bought the Dutch portfolio of Hague and London Oil (HALO) for an undisclosed sum.
Europe’s oil refiners have big plans to boost the use of green hydrogen to help them make fuel, an important component of the petroleum industry’s plans to cut its operational carbon emissions.
BP is in advanced talks to sell its 28% interest in the Shearwater field in the UK North Sea to Tailwind Energy, an explorer backed by trading house Mercuria Energy Group, people familiar with the matter said.
The person in the street may not regard the 19th of May as a date of any real significance.
Heerema, owner of the world’s largest offshore crane vessels, has said squeezed prices have made a “very difficult business case” for the decommissioning market.
CNOOC has teased plans to electrify its North Sea platforms through floating wind and “build a new energy business” in the UK.
Neptune Energy has thrown its hat in the ring for a licence that would underpin a combined carbon capture and blue hydrogen project in the UK, it has emerged.
Teekay has bid a “final farewell” to the Petrojarl Banff FPSO, which has now arrived in Denmark for decommissioning.
The UK and Indonesia have announced the creation of a new joint trade dialogue that will open green energy opportunities for UK companies in Southeast Asia’s largest economy.
A union boss has joined calls to stop “degrading” treatment of women working offshore in the North Sea.
The UK government will face questions in court over the legality of its support for Mozambique LNG, following a win for Friends of the Earth (FoE).
Chadian President Idriss Deby has died while visiting fighting according to reports, coinciding with his re-election.
Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023.
The first appraisal well on the Glengorm gas field in the UK central North Sea has found "no commercial hydrocarbons", a project partner said today.
Shell North Sea boss Steve Phimister is moving to the Middle East as part of a new role with Petroleum Development Oman (PDO).
Equinor and SSE Thermal have announced plans to develop a pair of “first of a kind” low-carbon power stations in the UK.