GERS: EPL sees North Sea tax revenues reach ‘highest level ever’
Business leaders urge change in ScotGov policy as oil and gas helps cut deficit in GERS figures.
Plans to offer grid ‘amnesty’ for up to 8GW of projects
Ofgem and National Grid have set out plans to free up to 8GW of grid connection capacity from slow-moving developers, without incurring penalties.
LNG strike risks drag on in Australia as new talks eyed
Woodside Energy Group and officials representing workers at some of its liquefied natural gas facilities are likely to hold more talks next week after failing to reach agreement on issues that could trigger strikes and disrupt global exports.
Occidental to buy Canadian startup Carbon Engineering for $1.1bn
Warren Buffett-backed Occidental Petroleum agreed to buy Canadian startup Carbon Engineering for $1.1 billion as the oil producer expands its position as a leader in removing carbon dioxide from the atmosphere.
Aberdeen can’t ‘cling on to energy of the past’, says former north-east Labour MSP
Aberdonians have to embrace the shift from fossil fuel energy and not "send mixed signals" about whether the region is ready to move on from oil and gas, according to a veteran former north-east Labour MSP in the city.
Scotland’s finance figures to be published as oil revenue increase expected
The annual Government Expenditure and Revenue Scotland (Gers) figures will be published on Wednesday, with a large increase in oil and gas revenues expected.
Ørsted exec picked to lead Salamander floating wind scheme
Offshore wind ‘heavy hitter’ Hugh Yendole has been appointed as project development director for a major floating scheme off Peterhead.
Dolphin Drilling shrugs off Q2 loss amid ‘strengthened’ rig demand
Dolphin Drilling reported surging revenues in the second quarter while it bids for more work for stacked rigs and awaits the handover of two units acquired from Transocean.
Thailand to boost gas production in bid to avoid new price shock
Thailand’s largest natural gas producer is ramping up output to avoid a renewed power crisis.
Seadrill sticks with floater focus, launches $250m buyback
Drilling rig operator Seadrill vowed to continue its focus on the floating segment after a profitable second quarter in which it completed its purchase of Aquadrill.
Oil’s push toward $90 gets lift from physical markets everywhere
As headline oil prices edge ever closer to $90 a barrel, there’s little sign of a let up in the day-to-day demand that’s underpinned the rally.
Sir Keir Starmer accused of ‘snubbing north-east again’ on Scotland trip
Sir Keir Starmer is facing criticism for failing to visit the north-east to discuss his controversial oil and gas plans two months a major backlash for announcing energy policy in Edinburgh.
DeepOcean wins cabling work for Germany’s Nordseecluster
RWE has designated DeepOcean as a preferred supplier for subsea installation services at the Nordseecluster A offshore wind development.
‘Bibby Stockholm is like a prison – I stayed on it while working in Shetland, it’s not fit for asylum seekers’
A former oil worker has revealed what it was like to live on the controversial barge.
SNP Westminster chief Stephen Flynn wined and dined at Wimbledon by oil giant BP
SNP Westminster group lead Stephen Flynn received exclusive tickets to Wimbledon paid for by oil giant BP.
Denmark postpones second carbon storage licensing round
The Danish government has pushed back plans for its second carbon storage tender amid questions over whether the state should take a greater share of projects.
‘Localised fire’ on Valaris rig at Port of Dundee
Emergency services attended a fire within a docked oil rig in Dundee on Friday morning.
Perenco confirms UK carbon storage award at Leman
Perenco announced it has secured a licence as part of the UK’s carbon storage round, enabling its Poseidon carbon capture and storage project to proceed.
Halting progress on net zero could burden consumers with extra costs, PM warned
Rishi Sunak has been warned that halting the UK's progress towards net zero could ultimately burden consumers with extra costs.
Q2 oil and gas contract values rise on Qatari LNG work
New data shows the oil and gas industry’s contract value saw a “significant” rise Q2 2023, mainly driven by work on Qatar's North Field South (NFS) project.
Exxon awarded $77 million in claim against Venezuela
The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude projects in 2007.
Saipem books $700m work with BP, Eni Congo
Saipem has announced the award of two major contracts for offshore work in Congo and the Gulf of Mexico worth a combined $700 million.
Germany’s TenneT purchase delayed due to Dutch political turmoil
Germany’s buyout of its biggest power grid operator from the Dutch state is likely to be postponed until next year following the collapse last month of the Netherlands government and with little prospect of a new administration anytime soon.
Natural gas workers urge quick end to Australia strike threat
Workers threatening strikes at Chevron Corp. and Woodside Energy Group liquefied natural gas operations in Australia have urged the firms to quickly resolve disputes and avoid any costly disruption to exports.
Jadestone FPSO remains shut-in after ‘small defect’ found
Jadestone Energy said it has located a ‘small defect’ between water and oil tanks on board its Montara Venture FPSO, which will remain shut in while repairs are made.