UK minister slams Scottish energy strategy as ‘environmental nonsense’
Graham Stuart says oil and gas is not ‘some terrible Tory choice’ but the ‘nature of this economy’
Only six big-spend projects for UK North Sea in coming years
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Investors could ‘withdraw’ from Acorn CCS project over delays – Matheson
Meanwhile the UK Government has pledged an update on Track 2 - part of its £1bn carbon capture fund - in spring.
UK heavy lift for offshore wind? A look at the dreams and reality
I was pleased to read via EV’s daily online service about the launch of an offshore wind heavy-lifter business based out of Aberdeen or Edinburgh or “or between both at the same time”.
Valaris lands a series UK North Sea contracts
Rig operator Valaris has unveiled a series of new contracts and extensions in the UK North Sea.
ExxonMobil: Oil giant knew about climate change in 1970s as it sowed doubt
A new study of ExxonMobil's (NYSE: XOM) own climate change projections offers fresh evidence that the oil giant’s models accurately forecast global warming even as it publicly sowed doubt about the crisis.
Rishi Sunak heads to Highlands in first Scotland visit since becoming PM
Prime Minister Rishi Sunak is set to be in the Highlands on Friday morning to confirm investment in a green freeport for the region.
Batteries becoming one answer to Big Shipping’s decarb dilemma
Global merchant shipping electrification is poised to take off with the cost and reliability of battery technologies at last becoming acceptable.
What role do business leaders have in creating a mentally healthy workplace?
Never has the wellbeing, and mental health of the work force, been such a talked about topic, with the Covid-19 pandemic bringing mental health to the forefront of employee/employer conversations.
Shell gas find ‘fantastic news’ for southern North Sea exploration
A gas find from Shell (LON: SHEL) and Deltic Energy (LON: DELT) could prove very positive for other players with exploration targets in the Southern North Sea.
Wood predicts 30% drop in earnings for 2022 results
Wood (LON: WOOD) has forecast a drop in earnings and revenues for its 2022 results, down from the previous two years.
TotalEnergies unveils new North Sea boss
French oil major TotalEnergies (PAR: TTE) has named a new managing director for its UK North Sea business.
Cambo: A year since Shell decided not to invest
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
Western Isles Interconnector: A big (positive) change from Ofgem
It is not the snappiest of titles but Ofgem’s Decisions on the new Accelerated Strategic Transmission Investment (ASTI) strategy may come to be seen as a landmark document in the evolution of Britain’s energy industry and the Scottish economy.
‘Fyne deal’: Firm led by ex-TechnipFMC boss buys up Orcadian North Sea discoveries
A firm developing the Fyne oilfield in the North Sea has agreed terms to buy up a pair of discoveries from developer Orcadian Energy (LON: ORCA).
Shell finds gas at hotly-tipped North Sea well Pensacola
Partner Deltic Energy saw its share price rocket by 50% on the news.
Tidal Turbines: A rare Scottish success story
Regardless of what government, its agencies and trade groups try to claim, offshore wind has not had that Saudi Arabia scale impact on the Scottish supply chain scene some hoped it would.
Norway dishes out dozens of oil and gas licences
Norway has handed out nearly 50 oil and gas exploration licences in a “gratifying” display of interest in the sector.
Archer acquires Aberdeen oilfield services firm Romar-Abrado
Oilfield services firm Archer (OSLO: ARCH) has acquired Romar-Abrado, a decommissioning specialist based in Aberdeenshire.
Harbour Energy projected for $5.5bn windfall tax payments by analyst
Revisions to the windfall tax – or energy profits levy – increased the estimated bill of Harbour Energy (LON:HBR) by over $2bn, according to analysis.
Kellas Midstream names TotalEnergies veteran as new CEO
Aberdeen-headquartered Kellas Midstream has found its new CEO in TotalEnergies veteran Nathan Morgan.
Staggering potential in next-gen building blocks for solar
The race to develop the next generation of super-efficient solar panels has just taken a huge step forward with the Swiss top-end technologies group Meyer Burger forging strategic partnerships designed to pave the way to commercialising perovskite-based systems.
UnitedHealthcare Global announces opening of new Occupational Health Services clinic
UnitedHealthcare Global has remained steadfast in its commitment to help people live healthier lives while supporting the well-being of clients through a holistic approach to health benefits and services.
Aker Solutions and Drydocks win major deal to upgrade Rosebank FPSO
Aker Solutions (OSLO: AKSO) and Dubai’s Drydocks International have won a deal worth up to £330.5m to upgrade the FPSO for the Equinor Rosebank oilfield.
Serica says Tailwind deal can deliver £470m tax offsets and 30m barrels
Serica Energy (LON: SQZ) has issued new info on its proposed takeover of Tailwind Energy, arguing that the latter’s tax losses could deliver a positive to shareholders in coming years.