NEO strikes deal with Equinor on 100m barrel North Sea prospect
NEO Energy has become operator of the Isolde exploration target in the UK North Sea after striking a deal with Equinor.
Space technology holds the key for energy transition
At a time of economic and political uncertainty, the battle against climate change remains high on the global agenda. As part of that, it’s important to use every weapon in our arsenal; even those that exist outside our planet.
Peterhead floating wind farm Salamander dishes out design deal to US specialist Ocercy
US-headquartered Ocergy has been awarded a pre-FEED (front-end engineering design) deal for the foundations for the Salamander floating wind farm off Aberdeenshire.
Rishi Sunak will not attend COP27 climate summit
Rishi Sunak will not be attending Cop27 in Egypt next month, Downing Street has said.
SLB to open ‘one-stop shop’ performance centre in Aberdeen
Oilfield services giant SLB – formerly Schlumberger – (NYSE: SLB) has unveiled plans to open a new “Performance Centre” in Aberdeen.
New questions arise on decom fate for controversial Shell Brent legs
Fresh questions have risen on whether Shell will be allowed to leave the huge legs of the Brent field in the North Sea.
Island Drilling lands $30m UK contract with Dana Petroleum
Island Drilling has been awarded a UK contract with Dana Petroleum worth around $30 million.
Sunak reinstates fracking ban in reversal of Liz Truss policy
Rishi Sunak has reinstated a ban on fracking in England, in a reversal of his predecessor Liz Truss’ policy.
EnQuest takes another step to slash debt pile
EnQuest (LON: ENQ) has taken another step to cut into its debt pile, which is now nearly half as much as it was at the end of 2021.
PD&MS creating 200 jobs as firm tackles energy transition challenge
Shaping Scotland’s energy transition is a huge challenge but opportunities to make a difference will be at its heart, according to one of the country’s leading engineering and consultancy firms.
‘It’s not 200m barrels, but there’s still some oil there’ says i3 boss on Serenity
The CEO of i3 Energy (LON: i3E) has outlined hopes for a smaller development at the Serenity discovery despite disappointment at the appraisal stage.
Video: Foinaven FPSO finally leaving Scotland
An FPSO for the former BP Foinaven field is now leaving Scottish shores, with residents capturing footage of the ship departing.
Even more blocks put up for grabs in North Sea licensing round
The regulator has put even more blocks up for grabs in the new North Sea licensing round which opened last week.
Aberdeen petroleum economist Alex Kemp honoured with international award
An Aberdeen University petroleum economist has been honoured with an international recognition from the energy industry.
Semco Maritime names David Hutchinson as UK boss
Semco Maritime has named industry veteran David Hutchinson as the new managing director of its UK business.
Bigger offices put Aberdeenshire firm ESWL on course for further growth
Growing demand from energy sector clients operating in the North Sea and further afield has led north-east firm ESWL to double its headcount and move to larger premises.
Pipeline firm JBP unveils multimillion-pound investment and plans to grow headcount by one-fifth
International piping and valve specialists John Bell Pipeline (JBP) has announced plans to invest more than £2 million on its premises near Inverurie.
North Sea oil boss tells Farage: ‘The City isn’t stepping up’ on investment plans
A North Sea oil boss has taken a swing with Nigel Farage at City of London investors for a lack of support towards the sector amid the transition.
ADNOC Drilling lands $1 billion contract in UAE
ADNOC has handed its subsidiary ADNOC Drilling (ADX: ADNOCDRIlL) a $980m contract for the hire of two rigs in the UAE.
The sustainability of our industry’s workforce has never been so important
The skills supply and demand dilemma is once more at the forefront of a set of very big challenges facing the underwater industry.
Ticket sales start for Power of Energy Charity Gala in Aberdeen
Today sees the launch of an Aberdeen event aimed at harnessing the connective power of the energy industry, while also raising cash for a life-saving helicopter service.
ScotWind: ‘Yes it’s a race, but supply chain can’t be left behind’
Getting ScotWind projects over the finish line is indeed “a race”, a major conference in Aberdeen has heard, but the supply chain mustn’t be left behind.
Arabian Drilling draws $43 billion in orders for Riyadh IPO
Arabian Drilling Co., a Saudi oilfield-services firm partly held by Schlumberger NV, drew $43 billion in orders for its initial public offering, underscoring the strong investor appetite for Middle Eastern share sales.
Oil price may sink to low $60s if deep recession hits, RBC forecasts
In a deep-recession scenario, the price of Brent crude oil may sink into the low $60s/bbl by mid-2023, according to RBC Capital Markets, outlining a trio of outlooks while noting that forecasting is challenging at present.
Renewables windfall tax ‘would skew investment towards fossil fuels’
Renewable energy generators have hit out at a new UK Government bill which they said would impose a “windfall tax” on the sector and “skew investment towards fossil fuels”.