Tullow Oil reports surprise loss as CEO sees growth ahead
Tullow Oil reported a surprise loss after writing down the value of reserves off West Africa as the company looks to boost growth.
Govt to make heat pump rollback as part of budget announcements
The Government will roll back on a commitment to speed up the shift to heat pumps in tomorrow's budget - the latest of a series of U-turns on climate related issues.
Harland & Wolff wins subsea work at Arnish
Harland & Wolff has secured a fabrication contract supporting a major oil services firm on global subsea projects from its yard at Arnish.
Highland energy boss who stood as SNP Westminster candidate quits party for Alba
A Highland energy boss who was one of the driving forces behind the Cromarty Firth green freeport bid has quit the SNP and joined Alba.
‘We will carry this loss with us always’: Bristow reflects on Norway heli tragedy
Bristow bosses expressed their ‘heartfelt condolences’ in the wake of a fatal accident involving a Norwegian search and rescue helicopter last week.
Regulator launches digital system for flaring and venting consents
The North Sea regulator has launched a new system for managing offshore flaring and venting paperwork, in a move it says will save time and reduce errors.
‘A tremendous success’: Orkney wave-powered subsea project to return to shore
A groundbreaking project combining wave power and subsea energy storage has completed its year-long trial off Orkney, and will return to base later this spring.
Kent signs five-year global commissioning deal with BP
Kent has signed a five-year commissioning framework agreement with BP which will see it support a range of global projects.
UK wind farm to pay £5.5m for breaching market rules
UK energy regulator Ofgem ordered a wind farm in Scotland to pay £5.53 million for breaching energy market rules.
Kistefos considers class action lawsuit over Solstad restructure deal
Solstad Offshore warned one of its investors is considering bringing a class action lawsuit over losses it allegedly incurred as a result of a recent refinancing deal.
‘Aberdeen is paying the price’: Business leaders call for Hunt to ditch windfall tax as growth slows
North-east business leaders called on the Chancellor to scrap windfall taxes on the energy sector, as research suggests Aberdeen is the slowest-growing economy in the UK.
Pathfinder: Inch Cape wind developers seek expert advice
Developers of the Inch Cape wind farm off the Angus coast are looking for experts to support a range of key planning and procedures.
Tributes paid as Norway helicopter accident victim named
Equinor has named the nurse who died as a result of a helicopter accident off the coast of Norway as 61-year-old Reidun Hestetun from Bergen.
Equinor, Orsted claim victory in New York wind auction
New York state has provisionally awarded contracts to 1.7GW of new wind capacity developed Orsted and Equinor as part of its fourth auction.
Peterhead Port has new boss
Peterhead Port Authority (PPA) has appointed a new chief executive with “wide and extensive maritime management experience”.
Drax to explore Viking carbon transport options with Harbour, BP
Drax is to explore a tie-up with the developers of the Viking carbon capture and storage (CCS) project which could see an additional route for sequestering biomass emissions.
RISHI SUNAK: ‘I want more oil and gas’
The prime minister writes about his government's plans for the vital energy industry as the Scottish Conservative conference begins in Aberdeen.
UPDATE: UK S-92 flights resume after ‘pause’ in wake of Norway heli incident
A host of UK flights by S-92 aircraft were 'paused' on Thursday at the request of North Sea operators, in the wake of a fatal helicopter crash in Norway on Wednesday evening.
Hunt considers extending UK windfall tax on oil and gas at Budget
Chancellor of the Exchequer Jeremy Hunt is weighing proposals to extend the UK’s windfall tax on the profits of oil and gas companies as one of several revenue-raising options under consideration to help finance personal tax cuts at his budget next week.
Drax rises on earnings beat, while biomass decision in limbo
UK electricity generator Drax Group rose sharply after earnings beat analyst expectations, although questions remain around the outcome of a government consultation on continued biomass subsidies.
Hunting tops earning projections on ‘record’ orderbook
Hunting beat its earnings expectations in full-year 2023, as high activity in the Middle East and offshore South America saw orders grow to record levels.
China burned more fossil fuels in 2023 despite green push
China burned record amounts of coal, oil and natural gas last year after ending Covid-era restrictions, even as the country accelerated its energy transition push.
Big Oil pay packets still push execs to boost fossil fuel production – report
A new report suggests Big Oil continues to link executive pay to increased fossil fuel production, even if this conflicts with energy transition targets and climate policies.
BP to Invest $1.5bn in Egypt as country’s gas output falls
BP plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop gas projects and drilling in the North African country.
CCC issues ‘unequivocal’ advice not to carry carbon budget surplus
The UK’s independent climate change advisors have given “unequivocal advice” that surplus emissions should not be carried forward into the Fourth Carbon Budget.