Harbour slashes decom spend by up to $100m per year due to EPL
Harbour Energy has confirmed it plans to “re-phase” up to $100 million per year of decommissioning spend in the wake of the windfall tax.
Norway well slot – Equinor hails Heisenberg
As of 24 March, Westwood Global Energy reports that there is one appraisal and four exploration wells active in Norwegian waters.
AMS wins exclusive deal to bring monitoring giant Johnson Matthey technology to Scotland
Aberdeen firm AMS Global has signed an exclusive agreement to offer radiation diagnostic technology in the North Sea on behalf of global firm, Tracerco.
SSE forms joint venture with Equis to bid for Victoria offshore wind
SSE Renewables has formed a consortium with developer Equis to bid for rights in an upcoming offshore wind auction off southeastern Australia.
Pre-FEED work wraps up on HyNet CCS plant at Runcorn
Backers of a major CCS cluster in north-west England have completed pre-FEED work for a carbon capture and storage project in Runcorn.
Oil majors sued by Kazakh government over billions in revenue
The companies operating two major oil fields in Kazakhstan are being taken to arbitration by the nation’s government, with billions of dollars of revenue at stake amid allegations of unapproved spending, according to people familiar with the matter.
UK well slot – Big hopes at Benriach
As of 24 March, Westwood Global Energy reports that there are two exploration wells active, with one each in the West of Shetland and northern North Sea regions, and one appraisal well in the central North Sea.
Sparrows workers kick off first 48-hour strike action
Workers for Sparrows Group have begun the first in a series of two-day industrial actions across dozens of North Sea assets, in an ongoing dispute over cuts to pay and conditions.
Offshore sector accused of ‘rampant exploitation’ as seafarers miss out on wage increase
Maritime union RMT accused the government of failing to address “loopholes” which mean thousands of seafarers will be ineligible for minimum wage rises.
STR eyes growth with major APAC investment
Subsea Technology and Rentals (STR) is expanding its operations in Asia-Pacific with a new six-figure investment to triple the size of its Singapore base.
North Sea regulator challenges claim that Rosebank would blow UK’s carbon budget
The North Sea Transition Authority defended its analysis of upstream emissions as campaigners claim that approval of Rosebank field would exceed UK carbon budgets.
Score of North Sea platforms to be hit by Sparrows strikes this week
Unite the union says dozens of platforms will be affected this week as Sparrows workers begin the first in a series of industrial actions.
Nuanced net zero strategy sets course, but more funding is needed – and fast
Reaction to the UK Government’s net zero strategy has been rather muted. Some reports call it “underwhelming” or “disappointing”, but are they being unfair?
Peterhead Power Station expansion faces ire over increased emissions
The expansion of Peterhead Power Station has come under fire from environmental campaign groups after it emerged both the new and old gas plants could be kept running concurrently in the case it is needed for security of supply.
VIDEO: Step aboard the £3billion Seagreen wind farm’s state-of-the-art Montrose-based mother ship
This is the stunning ship set to become a familiar feature at Montrose Port in its key role for the multi-billion pound Seagreen wind farm off the Angus coast.
Four firms awarded CO2 storage exploration licences off Norway
Four companies have been offered exploration licences for CO2 storage in two areas of the Norwegian North Sea.
COP opens global floating wind centre in Edinburgh
Copenhagen Offshore Partners (COP) has opened a new office in Scotland which will host its global competence centre for floating offshore wind.
Eskom may buy electricity from Karpowership via Mozambique
Eskom Holdings is considering buying electricity from a Karpowership plant to be located offshore Mozambique after declining to sign agreements to procure power from facilities the Turkish company planned to moor off the South African coast.
Russian oil price cap to stay at $60, European governments told
The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective in hurting the Kremlin’s access to petrodollars while not disrupting the market, and will remain unchanged for now.
Ørsted takes FID on 900MW wind projects off Taiwan
Ørsted has taken a final investment decision (FID) on the 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan.
Jersey Oil close to Buchan farm-out deal with North Sea ‘heavyweight’
Jersey Oil & Gas says it’s now close to a final farm-out deal for the Greater Buchan Area (GBA) after years of negotiations and delays.
North-east SNP politicians angry at wait for major carbon capture project go-ahead
Every north-east SNP politician at Westminster and Holyrood has accused the UK Government of failing to give credible details on giving the green light to a major energy scheme.
UK pushes for ‘step change’ in green financing to reach net zero
The UK published a revised version of its green finance strategy, laying out plans to track investment flows and boost transition finance as it seeks to become the world’s first net-zero aligned financial center.
North Sea firms ‘disappointed’ over lack of windfall tax concessions
Oil and gas representatives hailed government commitments to energy security and CCS but hit out over the lack of any let up in windfall taxes amid Thursday’s energy policy blitz.
Acorn backers ‘ready to step up’ following Track 2 CCUS announcement
Backers of the Scottish Cluster and the north-east’s Acorn carbon capture project welcomed news that the scheme is a frontrunner for the government’s Track 2 funding process.