Exxon asks traders in Brussels to move to London amid expansion
Exxon Mobil asked traders in Brussels to relocate to London, people familiar with the matter said, as the oil giant continues to reorganize its growing trading business.
Diamond picks up new work with Serica, BP
Diamond Offshore Drilling announced a brace of contract wins, including work for Serica in the North Sea and a BP subsidiary in the Gulf of Mexico.
Worley workers at Sullom Voe to pursue strike action
Workers employed by contractor Worley at the Sullom Voe terminal on Shetland have voted to pursue industrial action in an escalating dispute over pay.
Starmer to announce scaling back of £28 billion-a-year green pledge
Labour is set to abandon its policy of spending £28 billion a year on environmental projects in a major U-turn following months of uncertainty about the pledge.
Shelf Drilling announces leadership shake-up
Shelf Drilling has announced a revamped roster of executives and board appointments, with Greg O’Brien set to step up to chief executive later this year.
Delays could push Dogger Bank A completion into 2025, warns SSE
SSE has warned that supply chain issues and a shortage of vessels means the first phase of its Dogger Bank offshore wind development may not be fully completed until next year.
Big Oil’s blockbuster $114 billion investor payout is largest ever
Oil supermajors returned more cash to shareholders than ever before last year as management teams reined in spending on new projects to free up cash for dividends and buybacks. There may be more to come.
Unite hails recognition deal on Equinor’s Mariner platforms
Unite has welcomed a new agreement with Equinor that sees recognition for dozens of its members working at the Mariner field.
Sullom Voe Terminal to be connected to the grid by the end of next year
Terminal operator EnQuest gave an update on its plans during an industry workshop in Shetland on Wednesday
Sulmara signs global tie-up with Greece’s Asso.subsea
Sulmara has signed a new agreement with Asso.subsea which will see the pair cooperate on global cable installation projects.
No longer little, Mermaid has long term plans for North Sea growth
Who’d start a business on the eve of a pandemic?
BP weighs ‘big decisions’ on project sanctions ahead of 2030 target
BP will step back from acquisitions in the coming years as it weighs ‘big decisions’ over new project sanctions, CEO Murray Auchincloss told investors.
More buybacks in works as BP beats estimates
BP will up its buybacks as fourth quarter earnings beat analyst estimates, while profits returned to pre-2022 levels.
New CEO at Hydrasun helm after D2Zero launch
Neil Thompson has been appointed chief executive of Hydrasun, as former boss Bob Drummond takes on management of the newly created D2Zero group.
Bean hydrogen: Kraft Heinz signs clean fuel partnership with Carlton Power
Kraft Heinz has paired up with developer Carlton Power to explore the creation of a green hydrogen facility at its Kitt Green plant in Wigan.
UK power auction set to draw record prices for tight market
An auction to ensure the UK has sufficient back-up power is poised to attract record prices, which could bolster the nation’s reliance on natural gas just as it’s trying to decarbonize.
North Sea operators outline plans for new exploration licence offers
17 companies scooped licence offers in the latest tranche of awards as part of the 33rd round, with plans for some prospects already in the works.
Germany looks to end nature checks to aid offshore wind
Germany wants to accelerate the expansion of offshore wind energy by removing environmental impact assessments that sometimes delay projects.
Storegga: ‘No impact’ to Acorn CCS from Grangemouth refinery closure
Storegga hopes to take a key investment decision on the Scottish carbon capture scheme in 2025
UK oil and gas regulator issues dozens more North Sea licences
The UK oil and gas regulator has issued 24 new North Sea exploration licences as part of its latest Licensing Round, with oil majors Shell, BP and TotalEnergies among the winners.
Saudi Arabia eyes reviving multibillion dollar Aramco share sale
Saudi Arabia is considering plans to revive a follow-on offering in Aramco as soon as February, in a multibillion-dollar deal that’s likely to rank among the biggest share sales in recent years, according to people familiar with the matter.
CNOOC warned by HSE over lack of inspections at Buzzard
The UK safety regulator has warned CNOOC over its inspection routines for process equipment on board the North Sea’s Buzzard platform.
ITM narrows losses as headcount slashed by a third
ITM Power has reduced its losses and reduced its headcount by a third as part of a 12-month strategy to improve the health of the company.
Pipeline giant Enbridge plans to cut 6% of staff
Enbridge plans to cut its workforce by about 6% as one of the world’s largest oil pipeline operators faces steep economic headwinds.
Saudi oil capacity U-turn shows threat from rival supply
Saudi Arabia’s reversal of plans to bolster its oil production capacity has raised questions about the future of demand, but it points to another long-running risk to the kingdom’s energy petroleum revenue — rival suppliers.