Jeremy Hunt says Scottish oil and gas industry is ‘loser’ of the budget
The Chancellor has argued the case for extending the levy, despite industry arguing that windfall conditions have gone.
Helicopter firm OHS on hunt for new UK boss
Offshore Helicopter Services (OHS) is on the hunt for a new UK boss after the departure of its managing director.
‘Not windfall conditions’: Serica boss hits out at EPL tax extension
Serica Energy CEO Mitch Flegg has criticised the Chancellor’s decision to extend the windfall tax on North Sea producers.
Harbour Energy: UK tax regime wipes $500m from North Sea giant’s earnings
However, the firm still managed to return hundreds of millions to shareholders.
Budget is ‘missed opportunity’ for UK’s CCUS goals
Jeremy Hunt’s Spring Budget has been slammed as a “missed opportunity” for the UK’s carbon capture, utilisation and storage (CCUS) sector.
‘Disappointing blow’: Jeremy Hunt extends North Sea windfall tax by another year
Brindex, the association of independent North Sea producers, say loss of British jobs will be "inevitable result".
UK to offer record £800 million support for offshore wind farms
The UK will offer record support for new offshore wind farms in an upcoming auction as the government tries to make up ground after the process failed to draw any bidders for the technology last year.
‘A tough sell’: Who would buy Gazprom’s UK North Sea business?
There maybe one or two takers, but, in the main, any deal would be rife with challenges.
CCUS: Why the CO2-busting sector needs more transparency on its own emissions
Experts say the nascent carbon capture utilisation and storage (CCUS) sector, hoped to be one of the UK’s next big industrial powerhouses, needs to become more transparent on its emissions profile.
Perenco brings on new production at Southern North Sea hub
Perenco has increased its SNS production by 20%.
Petrofac: ‘Work continuing apace’ to stem share price collapse
"The paucity of actual detail will frustrate investors at the lack of concrete progress," said one analyst.
Russia’s Gazprom plans sale of UK North Sea business
Gazprom, the Russia state-owned energy firm, has announced plans to sell off its UK North Sea business.
Households pay after Highland wind farms earn £68 million for nothing
New figures also reveal more than £275m was paid to keep Scottish turbines still during 2023.
OPEC+ extends oil cuts, with Russia bolstering its effort
OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.
Aberdeen-headquartered ModuSpec sold to original founder
Aberdeen-headquartered rig inspection firm ModuSpec has been sold to the man who founded the firm back in 1986.
Shell Pierce field due to restart after six-month outage
The Shell Pierce project in the UK North Sea is due to restart production later in March after a six-month outage.
Agenda unveiled: Energy Exports Conference returns to Aberdeen
The Energy Exports Conference (EEC) is landing once again in Aberdeen.
Wreckage recovered of fatal Norway helicopter
Investigators have recovered the wreckage of the helicopter which ditched off the coast of Norway on Wednesday night.
Spring Budget should seize energy sector’s sustainable growth opportunity
Energy transition "quick wins" such as investment in R&D are available for next week's Spring Budget, writes the NZTC's Stephen Sheal.
‘No indications’ of wider helicopter safety impact after fatal Norway crash
Operators Equinor and AkerBP have resumed flights on the Norwegian Continental Shelf after the tragedy on Wednesday evening.
‘Now is not the time’: Industry leaders slam Spring Budget plans to extend windfall tax
Industry leaders have hit out at reported plans from Chancellor Jeremy Hunt to extend the life of the windfall tax during next week’s Spring Budget.
Bristow workers suspend strikes after Norway helicopter crash
Bristow (NYSE: VTOL) helicopter workers have postponed planned strike action out of respect after a fatal crash off Norway on Wednesday night.
The power of FLOW to make Aberdeen an offshore wind powerhouse
The appetite for FLOW is clearly there – and Aberdeen is well-positioned to play a central role in the offshore wind revolution, writes ORE Catapult.
UPDATE: Woman in 60s killed in Norway helicopter crash
One person has died and another is critically injured following a helicopter crash in Norway.
Geoscience skills ‘collapse’ threatens UK net zero ambitions
"Simplistic narratives" from politicians and university academics have tarnished vital sector, experts warn.