North Sea giant Harbour Energy forecast for £2.2bn pre-tax profits
Harbour, which is making hundreds of job cuts, is also set for a heavy windfall tax hit in its results tomorrow, analysts say.
Hutcheon Mearns: Oiling the wheels towards net-zero
It’s been a busy 12 months of Mergers & Acquisitions (M&A) activity as the UK continues to rebound from Covid.
Celtic Freeport: Might South Wales become floating turbine manufacturing hub for UK?
Having a bold vision between people with the chutzpah and drive to turn that into reality is a very scarce commodity in the British Isles.
Targeting widespread CCUS across Asia
Nearly every week we hear of an exciting development in carbon capture, utilisation and storage (CCUS).
Financing the Transition: Why not a Scottish stock exchange?
One of my old friends, a Norwegian by the name of Reidar Niemi who ran Stolt Nielsen’s subsea business in Aberdeen in the early 80s once asked me “what the hell is the matter with your (expletive deleted) Scottish banks?”.
$5bn worth of oil and gas assets up for sale in Southeast Asia
Around three billion barrels oil equivalent (boe) of resources,worth a total $5 billion are on the market, in Southeast Asia.
Drillers warn politicians that North Sea rigs could be ‘lost for good’
“There is a real danger that the UK will be left without the resources and talent to make the energy transition a reality safely," the IADC has warned hundreds of MPs and MSPs.
Snow causes delays for North Sea helicopter flights
Helicopters travelling across the North Sea are facing delays this morning as snow hits the region.
$577m deal: Solstad sells off dozens of North Sea vessels to Tidewater
The 37 platform support vessels primarily work in the North Sea.
Wood ‘minded to reject’ new $1.98bn takeover offer from US firm Apollo
Aberdeen-headquartered energy services giant Wood (LON: WG) has seen shares soar after a fourth - and sweetened - takeover offer from US firm Apollo.
Mermaid Subsea creating 12 jobs with major decommissioning contract
The 22-well P&A deal is Mermaid Subsea’s largest contract to date.
Leveraging the challenges posed by ScotWind
The energy sector is certainly changing. Analogies about the industry being on a journey are fast becoming clichéd but nevertheless we are on one.
‘Out of touch’: Activists hit out at Shell’s oversight role for North Sea transition
Activists have hit out at a Shell boss being given joint oversight with the regulator for the North Sea industry energy transition.
Shell would ‘think twice’ about investment in the UK
Shell (LON: SHEL) CEO Wael Sawan has warned that the US is more attractive for investment than the firm’s home base of the UK.
Norway well-slot: Spuds, duds and discoveries
As of 24 February, Westwood Global Energy reports that there are five exploration wells active, with four in the North Sea and one in the Barents Sea
ICYMI: OEUK Budget letter warns Chancellor of North Sea finance and investment risk
This article was first published on March 6.
UK well-slot: Trio of wells in action in the North Sea
As of 24 February, Westwood Global Energy reports that there are two exploration wells, with one each in the NNS and SNS, and one appraisal well active in the CNS. Since the previous report, one exploration well has completed at Orlov.
Amid taxes, spending cuts and political opponents, can the new OEUK boss bring the fightback?
‘I relish the challenge’ says new OEUK chief executive David Whitehouse on winning over policymakers.
Video: Footage shows moment Storm Otto rips blades off helicopter
Footage has emerged showing the moment powerful winds from Storm Otto ripped the blades off a North Sea helicopter.
Appetite for investment: Equinor boss says Suncor deal shows ‘commitment to the UK’
Concerns around the windfall tax may see some companies look beyond the UK for M&A deals – but not Norway’s Equinor (OSLO: EQNR).
Giant Hornsea Three wind farm at risk without tax breaks
Orsted (CPH: ORSTED), the developer behind the giant Hornsea Three windfarm, has said the £8bn development is at risk without tax breaks.
‘F**ks Sake’: Douglas Ross apologises for swearing as oil protestors hit Holyrood
Oil and gas protestors have become a regular fixture disrupting proceedings at the Scottish Parliament – and the Scottish Tory leader has apparently had enough.
Equinor acquires Suncor North Sea business in $850m deal
Norwegian oil giant Equinor (OSLO: EQNR) has signed an $850m deal to acquire the UK North Sea business of Canadian firm Suncor (TSE: SU).
‘One of the giants’: CNR to shut down Ninian oilfield over ‘challenging’ market (Exclusive)
CNR International has decided to shut down Ninian, one of the greatest oilfields in the North Sea, due to “challenging” UK market conditions.
Subsea 7 hails decade-high orders but income stays flat
Subsea 7 (OSLO: SUBC) has hailed order intake of $7bn for 2022, its largest since 2013.