Companies fined £154,000 after crewman’s forklift death at Invergordon
Two companies have been fined a total of £154,000 after a crew member of a vessel was run over by a forklift on the quayside at Invergordon.
Work resumes on giant Brae decommissioning campaign for Taqa
Work has resumed on a huge decommissioning campaign at the Taqa-operated Brae field in the North Sea
The Treasury has published the draft windfall tax law – and wants your thoughts
The Treasury has opened the door for feedback on the North Sea windfall tax as draft legislation has today been published.
Storegga and Aker Carbon Capture sign ‘groundbreaking’ collab deal for UK projects
Storegga, the company behind the Acorn CCS facility near Peterhead, has signed a “groundbreaking” collaboration deal with Aker Carbon Capture (OSLO: ACC).
Opportunity North East hails extra £85m investment
A £30 million investment by Opportunity North East (One) has secured a further £85m in partnership funding since 2016, it was announced last night.
New CEO appointed at Aberdeen engineering giant Wood
Wood plc (LON: WG) has appointed a new CEO to replace the outgoing Robin Watson.
Taqa and ADNOC take control of UAE’s Masdar in $2bn deal
Taqa and ADNOC have struck a $1.9 billion deal to acquire controlling stakes in Abu Dhabi’s clean energy firm Masdar.
Inflated expectations? Investors unwind ESG hype cycle
It is a strange time for the oil and gas sector. On the one hand, after years of price weakness, the money is rolling in again as the war in Ukraine and post-Covid disruptions keep prices high.
‘Put-off’ investors and shelved projects: The view from London on the North Sea windfall tax
City of London analysts have given their verdicts on the impact of the government’s windfall tax on North Sea oil and gas producers.
Exxon, Neptune and more sign agreement on large North Sea CCS project
Exxon Mobil and Neptune Energy are among those who have today signed an agreement to progress a large-scale CCS project in the North Sea.
Former Aberdeen oil and gas worker ‘crushed’ by cost-of-living crisis
A former Aberdeen oil and gas worker and his carer wife are among those "crushed" by the cost-of-living crisis, a report has highlighted.
Plexus lands £500,000 order from Oceaneering for North Sea decom campaign
Aberdeen-headquartered oilfield services firm Plexus Holdings has won a £500,000 order from Oceaneering.
Harbour Energy urges Chancellor to revise ‘seriously flawed’ windfall tax ahead of legislation
Harbour Energy (LON: HBR) has issued a letter to Chancellor Rishi Sunak, it has been reported, slamming the “seriously flawed” windfall tax.
Equinor dismisses ‘speculation’ of windfall tax threat to £4.5bn Rosebank project
Equinor has dismissed "speculation" suggesting it has “threatened to abandon” the £4.5bn Rosebank project due to the UK windfall tax.
Plans approved for mammoth £300m offshore wind base factory in Teesside
Plans have been approved for a giant £300 million factory to produce the bases for offshore wind turbines in Teesside.
Plan for UK’s largest wind tower factory at Nigg struck by delay as key Spanish partner exits
Doubt has been cast on delivering the UK's largest offshore wind tower factory at Nigg in the Highlands next year after a key Spanish partner made its exit.
Equinor in study for offshore wind farm to power series of North Sea platforms
Equinor is studying the potential for a new 1GW wind farm to power a series of oilfields in the North Sea.
ADNOC Onshore dishes out $173m EPC contract for one of its largest oilfields
ADNOC has awarded a $173 million EPC contract to unlock further production at the Asab oilfield.
Oil prices put Aberdeen property market ‘on cusp of rebound’
A rise in interest rates has sparked fears that rising costs for home owners and buyers will dampen the market – although Aberdeen might resist this trend as the energy market heats up.
EnQuest in hunt for new chairman as Martin Houston steps down
North Sea operator EnQuest is searching for a new chairman after incumbent Martin Houston announced his intent to step down.
Harbour Energy launches $200m share buyback scheme following windfall tax hit
Harbour Energy (LON: HBR) has launched a $200m share buyback scheme, a move which could boost investor confidence following a windfall tax hit last month.
Call for NSTA to be ‘lead body’ in North Sea regulator shake up
The former Scottish energy minister has called for the NSTA to be the “lead body” in a regulatory clear up for the North Sea.
Safe Boreas wins $3.7m contract in UK North Sea
Prosafe has won a $3.7 million contract for its Safe Boreas flotel in the UK North Sea.
Sian Lloyd Rees joins board at NZTC
Industry stalwart Sian Lloyd Rees has joined the board of the Net Zero Technology Centre (NZTC).
Hurricane Energy hits out at ‘unhelpful’ lack of windfall tax detail
Hurricane Energy has branded government’s windfall tax as “unhelpful” particularly due to its lack of public details.