IK Group capitalises on success of pipeline isolation tech with launch of new company
IK Group is cashing in on an “exponential rise” in global demand for its AOGV isolation technology, subsea and topside pipeline specialist.
Big Oil’s divergent strategies leave European majors trading at large discounts
Values – according to the rather twee maxim - are like lighthouses; they give direction, meaning and purpose.
North Sea chiefs named in Energy Council’s ‘oil and gas leaders to watch in 2023’
A handful of North Sea bosses have been included in a list of ten oil and gas leaders to watch in 2023.
Watch: Valhall production platform toppled at Norwegian yard
A structure that stood in the Central North Sea for around three decades has been pulled to the ground at a Norwegian yard.
‘Low risk’ of Greenpeace legal action derailing Jackdaw, says Shell
Shell (LON: SHEL) has played down the chances of Jackdaw being hampered by a legal challenge from the environmental group Greenpeace.
Calls for windfall tax on CEO pay after BP boss Looney pocketed £10m in 2022
Campaigners are calling for a windfall tax on the pay of chief executive after two oil bosses pocketed almost £20 million in 2022.
Diversity is strength: Join us to explore great HR ideas at The cHeRries Conference
A workforce that is diverse and inclusive brings huge benefits to employees and employers alike – but how can this be achieved in practice?
Planet-saving wind farms fall victim to global inflation fight
Off the coast of New England, winds whip over the frigid Atlantic Ocean creating perfect conditions for giant offshore turbines. While plans are in place to tap that natural power to generate electricity, progress — here and around the world — is being held up by soaring inflation.
Energy economist accuses Harbour of ‘fancy accounting’ to get headlines
In a Twitter thread, Greg Muttitt, who works for IISD Energy, accused the North Sea’s biggest producer of counting “all of its windfall tax payments for the next 5 years into this year's accounts”.
How do you prioritise safety and comfort at work?
When working in the demanding conditions of the oil and gas sector, high-performing protection is a non-negotiable. If you’re in charge of your team’s health and safety, giving your workforce the best chance of staying safe is vital, and to achieve this it’s often the small details that have the biggest impact, even down to the safety boots that are worn.
Neptune Energy doubles annual profits amid production boost
Neptune Energy pulled in pre-tax profits of $3 billion last year as oil and gas prices “soared” across Europe.
BP pairs with Well-Safe to decommission North Sea wells
Oil giant BP (LON: BP) has picked Aberdeen’s Well-Safe Solutions to help it decommission a pair of suspended North Sea wells.
Ex-Shell CEO van Beurden netted £9.7m in 2022
Ben van Beurden, until recently the chief executive of Shell (LON: SHEL), was paid £9.7 million by the oil giant last year.
Enquest office tower hits Aberdeen market with £42 million price tag
An major office landmark of the Aberdeen skyline has been put up for sale with a £42 million price tag.
New figures show North Sea flaring down 50% in last four years
North Sea flaring has been cut in half following four consecutive years of reductions, new analysis from the industry regulator shows.
How Scotland can win the supply chain for floating offshore wind
Floating offshore wind represents a huge opportunity for Scotland’s economy and labour force, with many tens of gigawatts of development expected over the coming decades. The initial leasing rounds for offshore wind provide promising foundations to build off. But we will only succeed in realising Scotland’s full potential as a world-leader in floating offshore wind if Scotland urgently invests in a local supply chain.
Government ‘unlikely’ to tinker with windfall tax in upcoming spring budget
It is “unlikely” that Jeremy Hunt will toy with current energy windfall taxes when he delivers the government’s fiscal update next week.
Lib Dems want North Sea firms to compensate countries around the world for climate change destruction
Orkney MSP Liam McArthur will argue at his party's conference this weekend that energy companies and the UK Government should pay up.
North Sea operator Ithaca Energy promoted to FTSE 250 index
Ithaca Energy (LON: ITH) is to join fellow North Sea operator Harbour Energy (LON: HBR) on the second rung of the London Stock Exchange’s index.
Foinaven divestment to BP a win-win for both sides, says Viaro boss
Viaro Energy has explained its decision to offload its interest in a West of Shetland field, thought to still hold vast oil reserves.
Windfall tax ‘likely to discourage’ investment in new fields, study finds
Researchers at Aberdeen University have published in-depth analysis of divergent tax rates on UK oil and gas spending.
Hurricane Energy-backer Kerogen Capital invests in UK geothermal firm
Geothermal Engineering Limited (GEL) has secured £12 million in funding from private-equity energy specialist firm Kerogen Capital.
UK steps up power market contingency measures in cold snap
The network operator has asked four out of five contingency coal units to warm up in case they’re needed to boost supplies and will decide whether to ask households to reduce demand on Wednesday.
AGCC launches energy transition survey to gauge sentiment at ‘seminal moment’ for industry
Companies in the energy sector are being invited to take part in a study to track business sentiment at a “seminal moment” in the UK’s net zero push.
Report: Vague government policy risks hampering UK’s hydrogen pipeline
A new report is warning that political instability and a lack of government clarity around support could stunt the rollout of hydrogen projects in the UK.