Analysts: Laggan-Tormore, Clair Ridge among potential targets for Viaro
A handful of West of Shetland assets have been highlighted by industry experts as potential acquisition targets for Viaro Energy.
Time to move forward with confidence to deliver on the potential of ScotWind
It is now over a year since the ScotWind leasing process created the opportunity for an additional 27.6GW of offshore wind in Scottish waters. Of the 20 projects that came through the application process, 14 are set to use floating wind turbines, positioning Scotland as a world leader in this technology. Whilst the scale of the result was eye catching, the accompanying Scottish supply chain commitments of over £28bn was perhaps the most significant result.
Exclusive: Decom North Sea chair moves from Bilfinger UK to PDi
Subsea engineering firm PDi has bolstered its leadership team with the appointment of a head of decommissioning.
NATO and EU chiefs visit North Sea platform
Equinor (OSLO: EQNR) welcomed NATO secretary general Jens Stoltenberg to one of its North Sea oil and gas platforms on Friday.
Sir Ian Wood urges govt to confirm Acorn will benefit from £20bn CCS pot
Westminster is being pressed to confirm a portion of its carbon capture and storage (CCS) cash will go to Aberdeenshire’s Acorn project.
Aberdeen’s ETZ Ltd secures cash from BP and Scottish Enterprise for £6.5m energy incubator
Proposals have been unveiled for an entrepreneurial nerve centre at the heart of Aberdeen’s planned Energy Transition Zone (ETZ).
Offshore wind giant Orsted to review UK project pipeline after ‘disappointing’ budget
Orsted has cast some doubt over its future UK offshore wind projects after yesterday’s budget failed to deliver a “full package of support”.
UK labels nuclear power ‘green’ to attract climate-friendly capital
Britain will classify nuclear power as “environmentally sustainable” as the government tries to attract billions of pounds of private capital to the sector.
Equinor cuts ribbon on Dogger Bank O&M base
A ceremony was held in North East England yesterday to mark the official opening of the O&M base for what will be the world’s largest offshore wind farm.
UK extends energy bills support for a further three months
The UK decided to keep its energy price guarantee at current levels for a further three months, easing pressure on households as the government works to ensure bills reflect falling natural gas costs.
Hunt considers limiting UK energy profits tax when prices fall
Chancellor of the Exchequer Jeremy Hunt is considering limiting the windfall tax on the profits of UK oil and gas companies to allay industry concerns.
North Sea firm Reabold receives ‘unsolicited approach’ as takeover group resurfaces
As it stands, Reabold says the offer “significantly undervalues” its investment portfolio, the company as a whole, and its future prospects.
Oil firm Europa shuffles top team
Europa Oil and Gas Holdings (LON: EOG), which has a stake in North Sea field, has announced a change to its top brass.
Coastguard medevac man from oil platform
A 37-year-old man had to be medevaced from a US oil platform on Monday after reporting difficulty breathing.
Fund it or lose it: Chancellor’s £20 billion ‘only half’ of what is needed to capture and store UK carbon – Ineos
Chancellor Jeremy Hunt’s pledge to invest £20 billion in carbon capture technology over the next two decades is only half of what is needed to ensure the UK meets targets on polluting emissions.
Hunt to announce creation of 12 new ‘investment zones’ in tomorrow’s budget
The Chancellor will announce the creation of a dozen new UK investment zones when he delivers the government’s budget tomorrow.
Wood offloads offshore labour supply operations in Gulf of Mexico
Aberdeen-headquartered Wood (LON: WG) has finalised the sale of its offshore labour supply operations in the Gulf of Mexico.
‘Fast and furious action’ needed to deliver ‘extraordinary’ energy transition, says Wood boss
The chief executive of Wood (LON: WG) has delivered a rallying cry for the industry to deliver an “extraordinary”, and swift, energy transition.
Equinor picks tech provider for H2H Saltend low-carbon hydrogen project
A decision has been made on the decarbonisation equipment that will form the backbone of a major low-carbon hydrogen project.
Norway’s cash flow from direct oil and gas ownership hits record
Norway earned 528 billion kroner ($50 billion) from its direct ownership of oil and gas licenses last year, more than five times the amount earned in a normal year, as the country became Europe’s biggest supplier of natural gas after Russia’s invasion of Ukraine.
Brent oil drops below $80 as SVB failure deepens turbulence
Oil in London fell below $80 a barrel for the first time since early February as the collapse of Silicon Valley Bank added further turbulence to energy markets.
Operators, contractors and unions make commitment to ESA during roundtable
Signatories to a North Sea collective bargaining deal will work together to find a “constructive way forward”, after months of unrest offshore.
Using the takeaways from CERAweek to develop a North Sea powerhouse
It’s hard to know what to expect from 7,500 members of the global energy industry gathered in one convention centre in an American town best known for space travel, cowboys, and Tex-Mex food. Of course it was Texans, back in 1970s that came over to Aberdeen, and led the charge for drilling in the North Sea, something that they went on to do in oil and gas provinces around the world. This week however was about the energy world coming to Texas - at what has become known as the Davos of energy.
Aramco to Send Representatives to Aberdeen’s Energy Export Conference
Aramco’s delegation to EIC flagship event focused on engaging with the UK’s energy supply chain.
Oil declines as SVB’s collapse reverberates through markets
Oil fell as the fallout from the collapse of Silicon Valley Bank — the worst since the 2008 financial crisis — rippled across markets.