Saudi Aramco met with an army of Turkish contractors this week to discuss $50 billion of potential projects in the Gulf kingdom, underlining improving trade ties between the two countries after they buried a diplomatic spat over the killing of Jamal Khashoggi.
Aside from the giant Rosebank and Cambo oilfields - the former expected to be sanctioned this year - there’s a pair of smaller projects in the FID pipeline for Ithaca Energy (LON: ITH).
Ithaca was also asked about the UK political climate, and Equinor’s 80% share in Rosebank.
Aberdeen firms will carry out repairs offshore at the Kincardine wind project in future, says director, rather than head to Rotterdam.
No discovery at the well, which had pre-drill estimates of 70 million barrels.
Serica Energy (LON: SQZ) chairman Tony Craven Walker has warned that the UK Government’s North Sea taxation is “likely to become unsustainable” with gas prices having dropped.
Ithaca Energy (LON: ITH) is about to begin drilling an exploration well at the K2 prospect in the Central North Sea.
“Grabbing the headlines is easy, developing a serious plan for more renewable energy is not."
Subsea 7 (OSLO: SUBC) has been awarded work to study whether hydrogen can be stored underwater at the Port of Aberdeen.
Kistos (LSE: KIST) says it is “ready to sanction” the Glendronach and Edradour West projects in the West of Shetland, pending agreement with operator TotalEnergies.
There's been numerous cases over the last decade in UK North Sea exploration where company estimates have been way off the mark.
European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers.
Starmer's North Sea plan is a threat to the north-east Scotland economy, writes Dick Winchester, but radical action could get us better prepared.
Meanwhile, on the BBC’s Good Morning Scotland programme, David Whitehouse, CEO of OEUK, said the plan risks “importing the energy transition”.
The strategy was branded ‘pie in the sky’ in an immediate backlash from Aberdeen and Grampian Chamber of Commerce.
New data has highlighted the “standout” firms carrying out exploration in the UK North Sea in recent years.
Back Market, a French marketplace for refurbished gadgets, is planning to expand on its existing operations in the UK by directly purchasing used laptops, mobile phones, gaming consoles, and other devices from consumers. The aim is to increase the availability of recycled goods for resale. This move will put Back Market in competition with existing trade-in services such as musicMagpie and CEX, which also accept these popular products from customers.
A towering oil rig, which has been part of the Granite City skyline for three months, has departed Aberdeen for the North Sea.
Stork has five-year asset integrity contract extension with Harbour Energy (LON: HBR).
Oilfield services firm Archer (OSLO: ARCH) has won a contract worth an estimated $50m with Perenco for work on its UK North Sea platforms.
Kintore-based engineering firm Brimmond is toasting its best-ever financial year amid a surge in demand.
Energy Pathways, an independent working on the Marram gas field in the Irish Sea, talks about the region's importance for UK energy security and net zero.
SSE (LON:SSE) saw its thermal division – the utilities firm’s gas-fired power plant arm – triple its profits during 2022 as it brought on new generation and enjoyed higher power prices.
The man who may become the next Prime Minister has committed to a visit to Aberdeen to discuss the energy sector's concerns over his party's policies.
A crunch on the ability of firms to find skills for oil and gas and renewable energy are a “significant threat,” Aberdeen business leaders have warned.
