BP to bring online five ‘resilient hydrocarbon’ projects in 2023
BP (LON: BP) has said it is on course to deliver five “resilient hydrocarbon” projects this year, as it prepares to report its results for 2022.
Baker Hughes teams up with FFI on geothermal and green hydrogen
Oilfield services giant Baker Hughes (NASDAQ: BKR) has signed a pact with Australia’s Fortescue Future Industries (FFI) to jointly explore development of green hydrogen and geothermal energy.
Dozens of inspection letters reveal recurring HSE problems for North Sea
Salus Technical has compiled a lessons database after combing through nearly 150 inspection letters from HSE for North Sea installations.
‘Staggering situation’ as UK regulators not investigating North Sea rig incident
A North Sea union boss has called out the “staggering situation” whereby UK regulators are not investigating Sunday’s offshore rig incident when a worker went missing.
NEO Energy names Nexen veteran as new CEO
M&A specialist Russ Alton is out, project manager Paul Harris is in.
Royal Opera House drops BP as sponsor after 33 years
The Royal Opera House has ended its sponsorship relationship with BP (LON: BP) after 33 years, becoming the latest institution to cut ties with the oil giant.
Missing worker: Police to board North Sea rig in Dundee
Police officers will board an oil rig in Dundee this week after a worker went missing in the North Sea.
EMEC Orkney floating wind site ‘worth £690m’ to UK
A planned floating wind test site at Orkney from the European Marine Energy Centre (EMEC) will be worth nearly £700m to the UK economy, says new research.
Halliburton aims to pay out half of free cash flow to investors
Halliburton (NYSE: HAL) plans to return half its annual free cash flow to shareholders as the world’s biggest provider of fracking services follows its oil-and-gas clients in giving more profits back to investors.
Delay rumbles on for BP Aberdeen office move
As Shell gets set to move into its new office in Aberdeen, delays are afoot for a similar move for Big Oil rival BP (LON: BP).
North Sea windfall tax raises 25% less than expected in December
The windfall tax on North Sea oil and gas producers raised nearly 25% less than expected for Treasury coffers last month.
North Sea rig Valaris 121 arrives in Dundee after worker goes missing
A North Sea oil rig has arrived in Dundee after one of its workers went missing.
Dozen upcoming North Sea projects to deliver ‘golden opportunity’
A dozen key projects in the North Sea will deliver a “golden opportunity” for the UK supply chain in the coming years, according to new research.
Texas oil industry paid record $24.7 billion in taxes last year
The Texas oil and natural gas industry paid a record $24.7 billion in taxes and royalties last year, far exceeding the previous annual high of $16 billion set in 2019, according to the Texas Oil and Gas Association.
Record orders crown a major restructuring year for Baker Hughes
Baker Hughes (NASDAQ: BKR) capped its big restructuring year of 2022 with “record” orders during Q4.
Latest: Search stood down after man goes missing from Valaris North Sea rig
A 50-year-old man went overboard from the Valaris 121 rig, around 100 miles off Aberdeen, on its way to Dundee. Search stood down 7am today.
Oil industry warns of ‘disaster’ as Labour pledges to increase windfall tax
Labour shadow chancellor Rachel Reeves has pledged her party will increase the North Sea windfall tax, in a move industry says will spell “disaster”.
Do Westminster and Holyrood appreciate Aberdeen’s skills gold mine?
News this month that Cromarty and the Firth of Forth have been chosen to become Scotland’s green freeports was unquestionably a bitter pill to swallow for the energy sector in North-east Scotland.
Cold snap forces UK to fire up three coal plants
Three UK coal plants have been ordered to begin warming up in case they are needed for the country's energy supply as the cold snap bites.
Oilfield giant SLB sees 83% earnings jump to $3.4bn in 2022
Oilfield services giant SLB (NYSE: SLB), formerly Schlumberger, has enjoyed a whopping 83% leap in its net income during its 2022 results, to $3.4 billion.
‘Bloated’ Harbour Energy job cuts: Could other North Sea firms follow suit?
Harbour Energy (LON: HBR) is "bloated" staff-wise, say analysts, and this week the firm said it would slash jobs in Aberdeen due to the UK Government windfall tax.
Over 6,000 visitors expected at Aberdeen’s Subsea Expo 2023
Subsea Expo, the global underwater showcase in Aberdeen, is set to return to pre-pandemic numbers this year, with more than 6,000 visitors expected.
Transgender offshore worker speaks out on government ‘weaponising’ gender reform bill
A transgender offshore worker has spoken out against the UK Government for “smoke and mirror” tactics in blocking the Scottish gender recognition reform legislation.
Harbour Energy plans hundreds of Aberdeen job cuts over windfall tax
Harbour Energy (LON: HBR) has confirmed plans for a series of job cuts at its North Sea base in Aberdeen - understood to number in the hundreds - due to the windfall tax.
EnQuest CEO takes shot at ‘particularly unstable’ UK tax system
Interview suggests North Sea was the high-growth area for EnQuest, but could be replaced by Asia in wake of the UK windfall tax