Ithaca Energy plans to shed a quarter of its onshore workforce after sinking to a £944m pre-tax loss amid the "historic collapse" of oil and gas prices.
Climate activist group Greenpeace has a “good chance” of challenging BP’s North Sea permit for the Vorlich field, according to the organisation’s director.
Impairments led North Sea operator Ithaca Energy to a £111.4m pre-tax loss in 2019, while the Covid-19 outbreak threatens delays to future projects.
Oil and gas giant BP is set to open a new Dyce-based Covid-19 testing facility to halt the spread of the virus to its North Sea assets.
The UK Government has been ordered to pay the costs of Greenpeace seeking a judicial review after it rubber-stamped BP’s drilling plans for a North Sea field without telling the public.
BP has pushed back a final investment decision (FID) on its Clair South project to make sure it aligns with low carbon ambitions.
Climate activist group Greenpeace has been given the legal right to challenge oil giant BP over a North Sea drilling permit on the eve of the firm appointing its new chief executive.
One of the world’s biggest offshore drilling contractors will go to court today seeking action against Greenpeace following a massive demonstration earlier this year.
BP’s North Sea boss has said Greenpeace activists told him they targeted the company because they believed BP “can actually make a difference” on climate change.
Five Greenpeace protesters who occupied an oil rig for almost four days costing the operators and the taxpayer more than £500,000 have been spared a jail sentence.
It did not take long for declarations of a climate emergency to prompt the kind of episode they are assumed in some quarters to legitimise.
Police Scotland is seeking to make further arrests as it attempts to bring an end to a bitter North Sea standoff between oil giant BP and the climate activist group Greenpeace.
Oil and gas chiefs are today to hold crisis talks in an effort to bring to an end a “dangerous” stand-off between climate activists and oil giant BP.
A trade union boss has urged environmental activists to “back off” and let North Sea rig workers get on with their jobs.
Greenpeace said one of its ships blocked an oil rig's path to a North Sea field yesterday afternoon.
An oil industry leader has accused Greenpeace of “undermining its own credibility” by reviving its protest on an oil rig in Cromarty Firth.
Police have stormed an oil rig on a helicopter to arrest two protestors and bring a Greenpeace demonstration to an end.
Two environmentalists have appeared in court in connection with a protest that has brought work on an oil rig to a standstill.
Profits more than doubled at oil giant BP in 2018, a year marked by the start-up of a major project west of Shetland.
Energy service giant Petrofac has won a £7.9 million contract to prepare a North Sea installation for a subsea tieback project.
The Oil and Gas Authority (OGA) has given BP its blessing to develop the Vorlich field in the central North Sea.
North Sea firms will spend £420million on the development of two new fields containing 50million barrels of oil in total.
BP's decision to push ahead with the development of the Alligin and Vorlich fields signals a change in tack from the energy giant, an analyst has said.
BP said today that it would develop two new North Sea fields capable of pumping out 30,000 barrels of oil per day.