Exxon’s $1bn UK expansion to make its first diesel in 2024
Exxon Mobil will complete a $1 billion expansion of diesel production at its Fawley UK oil refinery next year, a key step in curbing the country’s reliance on imports.
Stranded gas tanker in Australia could cause rise in global LNG prices
A loaded liquefied natural gas tanker is stuck at an export terminal in Australia and will disrupt some shipments, adding to supply concerns ahead of the Northern Hemisphere winter.
Delays pose ‘significant risk’ to UK CCS targets
A new report on UK carbon capture and storage (CCS) progress finds its ample pipeline and sound ambition could yet be undermined by the risk of delays and cancellations.
Auchincloss ‘most logical successor’ as analysts review ‘undervalued’ BP stock
Analysts see interim CEO Murray Auchincloss as the logical candidate to steady the BP ship, while the company’s shares remain undervalued in relation to its peers.
Unite plans ‘hard-hitting’ campaign to canvass energy workers
“Don’t give me promises of green jobs, if you can't tell me what qualifications I need, where will the jobs be based, when can I apply for them and how much the pay is.”
Saudi Arabia seeks OPEC+ oil quota cuts while some members resist
Saudi Arabia is asking others in the OPEC+ coalition to reduce their oil-output quotas in a bid to shore up global markets but some members are resisting, delegates said.
Energy drives quarterly profit at Ping owner DNex
Dagang NeXchange (DNeX) has announced a profitable quarter, as higher volumes and oil prices drove held up earnings across the company.
Aquaterra Energy wins work at Ineos’ Greensand CCS project
Aquaterra Energy has secured a contract with Ineos covering life extension work at the platform serving its Danish carbon capture and storage (CCS) scheme.
Verlume plots recruitment drive following ‘tenfold’ growth in orders
Smart battery systems maker Verlume is increasing its headcount on the back of a reported tenfold rise in orders.
Angola says it plans to remain in OPEC as quota spat emerges
Angola, Africa’s second biggest crude producer, has no plans to leave OPEC+, an official said, following a broader dispute over output quotas that delayed the group’s meeting.
‘Nationalise it’: Unions lament Grangemouth refinery plans as ‘kick in the teeth’
Union leaders slammed plans to cease operations at Grangemouth’s crude refinery and called for nationalisation, while just transition campaigners called for a ‘credible plan’ to protect workers.
All Winser advice accepted amid UK pledge to speed up grid connections
Government has accepted ‘all’ advice from a recent report aiming to halve the time taken to build new transmission, while boosting efforts to connect new energy projects.
Norway should take lead on climate financing, former UK PM says
Norwegian climate negotiators should push other countries attending climate talks in Dubai to follow its lead in adopting guarantees to drive investment into renewable energy projects in developing countries, according to former British prime minister Gordon Brown.
TAQA, Transocean office complex up for sale in Aberdeen
The owners of the building at Aberdeen's Prime Four business park - currently home to TAQA and Transocean - have put the unit up for sale.
Ithaca could go it alone on Cambo – but plans not to
Ithaca Energy’s chairman says the company could sanction the West of Shetland project on its own but would prefer to bring in partners ahead of any major decisions.
BREAKING: Grangemouth oil refinery could cease operations by 2025
Grangemouth, Scotland’s last remaining oil refining capacity, could close as soon as 2025 amid a reported decline in North Sea oil output and falling demand for fuels.
North Sea decom players celebrated at OEUK awards
Winners of the OEUK Awards for Excellence in Decommissioning have been announced, with Spirit Energy and Utility ROV services taking top prizes.
Korea takes short-term LNG path while rivals embrace long deals
South Korea is avoiding the global trend toward long-term agreements on liquefied natural gas due to high prices, a risky move that will leave the top importer exposed to the volatile spot market.
SNP calls for renewables tax cut in Autumn Statement
SNP MPs will lobby the Chancellor for a slashing of corporation tax for renewable energy firms as part of the Autumn Statement.
Ithaca welcomes ‘strategic progress’ on Cambo, Rosebank in Q3
Ithaca Energy reported net income of $238.5 million (£190m) for the nine months ending 30 September, as farm-out discussions continue on key North Sea projects.
EnQuest big-hitter to give first Prosper annual lecture in Aberdeen
One of the top bosses at North Sea firm EnQuest, has been unveiled as the keynote speaker for a leading business group’s annual lecture in Aberdeen.
Siemens Energy confronts bruised investors seeking answers
After multiple shocks wiping off billions of euros of market value, Siemens Energy (Xetra: ENR) sought to convince investors that the company is on the path to profitability.
Ping completes Rapid farm-in deal at Fyne
Ping Petroleum has confirmed the completion of a farm-in deal for the Fyne field in the North Sea, with plans for a one-well development due online in 2026.
Serica picks new finance boss to kick off 2024
Serica Energy (LON:SQZ) has announced a new chief financial officer will take up his post in the new year, after current CFO Andy Bell confirmed his intention to step down.
Ofcom fines Shell Energy £1.4m for not telling customers their contracts were up
Ofcom has fined Shell Energy £1.4 million for breaching the regulator's rules after failing to let close to 73,000 people know that their contracts were coming to an end.