Queen’s Honours: Balmoral’s Sir Jim Milne ‘deeply honoured and quite taken aback’
More than 40 years after founding a business named in honour of the Queen’s favourite castle, Jim Milne has been awarded a knighthood.
CHC ordered to sell Babcock North Sea business by competition authorities
Helicopter operator CHC has been ordered by the UK's competition watchdog to sell off its newly-acquired Babcock North Sea business.
Equinor handed two-year extension to Rosebank licences ahead of FID
Equinor has been handed an extension to the Rosebank licences – paving the way for an investment green light.
KCA Deutag to buy Saipem Onshore Drilling in ‘milestone’ $550m deal
Aberdeen-headquartered KCA Deutag has announced a $550m deal to acquire the onshore drilling business of Italian contractor Saipem.
Hurricane Energy takes $4.1m hit as it gives up on Warwick Area
Hurricane Energy (LON: HUR) and its partner Spirit Energy have given up on the Warwick Area in the West of Shetland.
Wood signs $1.9 billion sale of Built Environment business to WSP
Aberdeen-headquartered energy services giant Wood has signed a deal to sell its 7,000-employee built environment business to WSP Global.
BP hires Shearwater for UK CCUS project
Shearwater Geoservices has landed a contract with BP for work for the East Coast CCUS cluster in the UK to scope out storage sites.
Rough: Britain’s largest gas storage site to reopen ‘within months’
Rough, the UK’s largest gas storage site which controversially closed in 2017, is to “reopen within months” according to a report.
Saipem 7000 to return to Scotland following crane incident
The Saipem 7000 vessel is to return to Scotland following a crane incident last month.
NZTC boss Colette Cohen appointed chair of unmanned aviation firm Flylogix
Colette Cohen, the CEO of the Net Zero Technology Centre, is to become the chair of unmanned aviation firm Flylogix.
UK set for record tax revenue from North Sea – with or without windfall tax
The UK Treasury is set to collect record revenue from oil and gas this year - with or without a windfall tax.
i3 Energy hands Petrofac contract on ‘company-maker’ Serenity well
Petrofac has been named well engineering operator on the upcoming i3 Energy Serenity appraisal.
Windfall Tax deals blow to North Sea firms EnQuest, Serica and Harbour Energy
Researchers have set out the near-term impact on North Sea players from the windfall tax, while EnQuest reportedly is looking elsewhere to invest.
Kraken FPSO ‘almost impossible to electrify’ but EnQuest looks to creative solution
EnQuest has said its Kraken FPSO is “almost impossible to electrify” and is looking at creative alternatives to decarbonise the asset.
Lack of renewables incentive is critical failure in government’s windfall tax scheme
Yesterday's announcement by Sunak was far from destructive for the North Sea oil & gas industry given the generous projects investment tax relief, but it fails, as it turns out, in at least one critical way.
Shell Aberdeen garage gears up for Grampian Pride
A Shell garage in Aberdeen has been wrapped in the Pride flag to mark a major LGBT+ celebration in the city tomorrow.
Deirdre Michie: Supporting consumers is essential – damaging the UK energy industry is no way to do it
The Chancellor’s Energy Profits Levy, announced yesterday, is a disappointing and worrying development for industry. The shockwaves will undoubtedly be felt in offshore energy jobs and communities for years to come.
Windfall tax measures could ‘accelerate’ major UK oil projects like Cambo and Rosebank
Windfall tax measures announced by Rishi Sunak could "accelerate" major UK oil and gas projects like Cambo and Rosebank, according to experts.
Industry slams oil and gas windfall tax which will send ‘shockwaves for years to come’
Rishi Sunak has announced a multibillion-pound windfall tax on oil and gas, which the industry has slammed as sending "shockwaves" on jobs, investment and communities.
Cambo owner Ithaca Energy to IPO in London ‘asap’
Ithaca Energy will make its IPO in London “as soon as possible” this year, according to parent firm Delek Group.
Ithaca outlines $444m capital spending for 2022 as Abigail and Captain make progress
Growing North Sea operator Ithaca Energy has set out its expected capital expenditure plans of $444m this year as a pair of projects progress.
Petrofac laments ‘cost overruns’ and ‘unfavourable’ settlements as E&C heads for loss
Petrofac (LON: PFC) has decried cost overruns and "unfavourable" settlements hitting its E&C division and the wider group's cash flow.
Apache to boost North Sea spending as Diamond Offshore wins rig extension
Apache North Sea has said it plans to boost its UK spending and headcount as it hands a rig extension deal to Diamond Offshore.
Windfall tax risks ‘destabilising £200bn of energy investments’ warns industry chief
A windfall tax, reportedly due to be announced today, risks “destabilising” a planned £200bn of investment in the UK energy system this decade, the industry trade body has warned.
Equinor and partners to invest £750m in six discoveries at Halten East
Equinor and its partners have decided to invest NOK 9 billion (£746m) in the Halten East development area in Norway.