Wood decommissioning boss ‘rarely’ sees local content in UK tenders
The decommissioning boss at Wood said she “rarely” sees local content requirements for UK projects, despite an impending industry target on the issue.
Equinor ‘still working hard’ on sanctioning Rosebank oilfield despite windfall tax
Norway’s Equinor said it is “still working hard” on sanctioning the Rosebank oilfield in the first quarter of next year – despite the latest windfall tax “uncertainty”.
Aberdeen’s NZTC plans national centre for geothermal energy
Aberdeen’s NZTC is planning a national centre to accelerate geothermal energy in the UK and become the “go-to” hub globally for the renewable technology.
Windfall Tax: £200bn of investment ‘at risk’ says North Sea trade body
More than £200 billion of UK energy investments, including low carbon solutions, are “at risk” due to the windfall tax, the North Sea trade body has warned.
‘Lunacy’ of industry’s fail-fix approach to fire safety under the spotlight
“This is what’s protecting our energy infrastructure,” says Ian Garden as he unveils a series of photos showing blocked and corroded nozzles from offshore deluge systems - designed to fight fires in an emergency.
New cost target for North Sea decommissioning – as original likely to be missed
The North Sea Transition Authority (NSTA) has set a new cost target for offshore decommissioning – as the original goal looks set to be missed.
HSM wins deal to build wind-powered North Sea gas platform
HSM Offshore Energy has won the fabrication contract for a North Sea gas platform which will be powered by wind energy.
Windfall Tax: Ithaca to benefit, EnQuest and Neptune to feel the pinch
Ithaca Energy (LON: ITH) will benefit from recent changes to the windfall tax, but rivals Neptune Energy and EnQuest (LON: ENQ) will be harder hit, according to new research.
SSE ‘may have to give up’ on some green energy projects after windfall tax
SSE has warned it will review renewables investments following the UK Government’s bombshell windfall tax announcement last week.
TAQA and Spirit launch legal action against Viaro over Brae decom costs
TAQA and Spirit Energy are taking fellow North Sea firm Viaro Energy to court to recover costs linked to decommissioning the Brae oilfield.
North Sea independents see shares drop on windfall tax announcement
Several independent North Sea producers saw their share prices drop after the chancellor’s windfall tax announcement - lending credence to claims they are harder hit than oil majors by the policy.
China yard to supply towers for Dogger Bank – world’s largest windfarm in UK
A fabrication yard in China has been awarded a $76m contract to supply tower components for Dogger Bank – the world’s largest windfarm – in the UK.
‘Very exciting times’: Crucial Shell and Deltic exploration well ‘imminent’
A key exploration well from Shell (LON: SHEL) and Deltic (LON: DELT), which could open up a dozen other licences in the Southern North Sea, is “imminent”.
‘Multiple’ interested parties in Hurricane Energy sale
Hurricane Energy (LON: HUR) has said it has received expressions of interest from “multiple” parties in its process to sell the business.
Prolific North Sea buyer Waldorf Production seeks $2bn for more deals
Waldorf Production, a prolific buyer of oil and gas exploration assets in the North Sea, is seeking to raise as much as $2 billion to help bankroll more deals, people with knowledge of the matter said.
Chancellor’s £54bn windfall tax ‘threatens to drive out UK investment’
Electricity generators and North Sea oil firms are to be hit by a £54bn windfall tax under plans unveiled today, which the industry said “threatens to drive investment out of the UK altogether”.
HSE notice served after diver killed clearing shipwrecks at Stornoway Port
A health and safety notice has been served after a diver was killed clearing shipwrecks in Stornoway.
Neptune Energy: Projects ‘at risk’ from ‘poorly targeted windfall tax’
Neptune Energy has highlighted that new projects planned for the UK – as well as parts of Europe – are “at risk” due to government windfall tax plans.
What if Europe ends up with too much gas?
A relentless stream of bad news has kept European gas markets tight and on edge.
Subsea 7 ‘90% complete’ on Shell Penguins contract
Subsea 7 (OL: SUBC) has indicated it is nearly complete on its UK contract for the Shell Penguins project.
Specialist Valve Services with new £4m centre fit for royalty
Specialist Valve Services (SVS) is targeting further growth in new markets after a £4 million investment in expansion of its Aberdeenshire headquarters.
‘No more tax changes after this’: Industry execs with key asks on Autumn Budget windfall tax
With an expected surge in the windfall tax in today's Autumn Budget, North Sea industry executives have set out their key asks for chancellor Jeremy Hunt.
How an oil and gas vessel ended up in ‘Black Panther: Wakanda Forever’
An oil and gas supply vessel has made its feature-film debut – in Marvel’s ‘Black Panther: Wakanda Forever’.
EV’s Jeremy Cresswell honoured with special recognition from AREG
Jeremy Cresswell was honoured last night at an industry event for his contribution to the renewable energy sector in Aberdeen.
Shell boss on ‘pioneering’ efforts needed to decarbonise North Sea
Installing North Sea assets was once compared to the technical challenge of the moon landings - and a Shell boss has said industry efforts need to go even further when it comes to decarbonisation.