UK well slot: Eyes on the Southern North Sea
As of 28 February, Westwood Global Energy reports that there is one exploration well and one appraisal well active in the UK. One exploration well completed since the start of the year.
Six Nations rugby and the energy transition
I have seldom known a time when there has been so much uncertainty, drama and tension keeping everyone on the edge of their seats; and I’m not talking about the anticipation associated with Vladimir Putin’s next move on the world stage.
Norway well slot: Four exploration wells active
As of 28 February, Westwood Global Energy reports that there are four exploration wells active on the NCS. Two exploration well programmes completed in January, both as a dry holes. The Ginny and Hermine well has also been announced as dry and completed in February.
30 Seconds to Saturn: Flagship IOG project go for launch
“It's been a tough journey but we're very, very close now,” IOG chief executive Andrew Hockey reflects.
Escalating Moscow-Western tensions speed up Russia’s energy pivot to China
The Ukraine crisis has pushed Moscow and Beijing closer together as Russia and China jointly push back against US dominance.
Technip Energies: $4.2 billion of Russia backlog impacted by Ukraine crisis
Technip Energies (EPA: TE) has said $4.2 billion of its backlog is linked to projects in Russia, which will be impacted by the crisis in Ukraine.
Hunting to appoint former Schlumberger director to board
Oilfield services firm Hunting plans to appoint a former top boss at Schlumberger to its board.
Brent Crude oil price hits $117 as Russia invasion upends market
Oil soared to the highest price level since 2008 as buyers continued to shun crude from Russia following its invasion of Ukraine, while OPEC+ is doing its best to ignore the war started by one of its key members.
Subsea 7 plans $100m windfall for shareholders
Subsea 7 (SUBC: OSLO) is planning a $100 million windfall for shareholders in 2022 as it firmly believes “the market recovery is underway”.
‘I hope the bravery of the Ukrainian people will encourage action’
A Ukrainian energy expert living in Aberdeen hopes the bravery displayed by her countrymen will lead to further action against Russia, including UK sanctions on its fossil fuels.
‘Toothless, useless’: TotalEnergies slammed by former Shell Ukraine boss
The former deputy country chair of Shell Ukraine has hit out at TotalEnergies over its “toothless, useless and highly disappointing" position on Russia's invasion.
2,000 workers to transfer as Sparrows Group bought by Altrad
Aberdeen-headquartered Sparrows Group is being bought by industrial services giant Altrad.
TotalEnergies pulls capital for ‘new projects’ in Russia
TotalEnergies has said it condemns Russia for its “military aggression against Ukraine” and will not provide capital for new projects in Russia.
Awilco Drilling appoints insolvency experts after losing £6.8m HMRC case
Aberdeen-headquartered Awilco Drilling has appointed insolvency experts for one of its subsidiaries after losing a £6.8 million case against HMRC.
Neptune Energy to go ‘beyond net zero’ by 2030
Neptune Energy has announced it aims to store more carbon than it emits from its operations and the products it sells by 2030.
Shell appoints Sinead Gorman to replace Jessica Uhl as CFO
Shell (LON: SHEL) has appointed Sinead Gorman as its new chief financial officer (CFO), replacing incumbent Jessica Uhl.
Executive health programmes – a key element for business sustainability in post-Covid times
Some have called it the Great Resignation. Some just the Covid Staff Exodus. Whether it is a cultural and lifestyle shift or whether it is employers or employees, the bottom line is businesses are struggling to provide operational and performance continuity. How can ROC help?
Updated: Repsol Sinopec confirms Russian oil tanker will not visit Orkney
A Russian state-owned oil tanker will not visit Orkney after the UK Transport Secretary asked ports to deny vessels from the country entry.
Frustration for Serica as Rhum field hit with production shutdown
Serica Energy (LON: SQZ) has said production at its Rhum field is not expected to restart for “at least two weeks” after a fault was identified with a subsea module.
Russia owned tanker in Orkney would ‘dishonour’ Isles’ war dead
The MP for Orkney and Shetland has said allowing a Russia state-owned oil tanker to operate in Scapa Flow would “dishonour” the Isles’ war dead and their fight against fascism.
Equinor follows BP in exiting ‘untenable’ Russia joint ventures
Norwegian oil giant Equinor has followed BP in announcing that it will start exiting its joint venture businesses in Russia.
2022 is ‘opportune time’ to go ahead with UK Avalon oilfield: DNeX
Malaysia’s Dagang NeXchange (DNeX) has said 2022 is the “opportune time” to press ahead with a new North Sea development as commodity prices surge.
BP boss summoned by UK business secretary over Rosneft ties
BP is under pressure from the Government to cut its ties with Russian oil giant Rosneft, which the British-based company holds a 20% stake in.
North Sea workers’ travel disrupted as war in Ukraine escalates
Crew change disruption for workers in North Sea oil and gas, and further afield, is being felt as airspace over Ukraine and Russia is closed off.
Repsol Sinopec hands in decommissioning plans for Saltire
Repsol Sinopec Resources UK has handed in decommissioning plans for the Saltire platform in the North Sea.