Watch: Drone footage shows Noble Innovator rig arriving in Aberdeen
Stunning drone footage has captured the moment Aberdeen’s new South Harbour welcomed its first ever drilling rig.
‘Definite’ rise in defence investors interested in energy following Russia’s Ukraine attack
An energy entrepreneur says there are “definitely” more defence investors interested in the sector following Russia’s invasion of Ukraine, launched a year ago today.
Wood shares soar on takeover approach from US private-equity firm
Aberdeen-headquartered Wood Group (LON: WG) has knocked back three takeover attempts by an American private-equity firm.
We won’t be distracted from green targets says ScottishPower boss
The boss of ScottishPower has hit out at firms that are abandoning their green goals as his business produced a set of financial results without the massive windfalls that many of his rivals have presented.
Saipem to explore using biofuels to power vessels
Italian contractor Saipem (MIL: SPM) has struck a memorandum of understand with its compatriot Eni (NYSE: ENI) in a bid to decarbonise its fleet.
Eni becomes latest oil giant to post record results with 2022 profits of £18bn
Eni (NYSE: ENI) is toasting a set of “excellent financial and operating results” after a year in which it ensured “the security and stability of energy supplies” to Europe.
M&A expert brands UK ‘one of the most unstable’ economies for doing energy deals
There are claims Westminster’s fiscal interventions have made the UK “one of the most unstable economies” for energy investments.
‘Reset, and grow up’ – energy experts issue scathing message to government
Industry leaders have accused politicians of scaring off energy investment and growth by turning the sector into a “pariah”.
‘Super urgent’ for industry to crack offshore wind, CCS coexistence conundrum
Energy bosses have stressed the significance of the subsea industry in pinpointing a solution that allows carbon storage and offshore wind to coexist.
UK trade boss bigs up decom export growth potential at industry event
A senior government trade official hailed decommissioning as “one of the UK’s greatest strengths” during an industry conference yesterday.
Industry expert predicts UK will miss 2030 offshore wind target
It is likely the UK will fall short in its quest to have 50 gigawatts (GW) of operational offshore wind by the end of the decade.
Horizon targeting 200m barrel North Sea play following nearby Shell success
Horizon Energy Partners is making the most of the current Southern North Sea buzz, following Shell’s (LON: SHEL) milestone success in the region.
Hartshead dishes out platform and pipeline survey contract for North Sea gas project
Australian-headquartered Hartshead Resources (ASX: HHR) is making headway on developing a pair of Southern North Sea gas fields.
Watch: Final jackets for Seagreen wind farm loaded out at Nigg
Installation work on Scotland’s largest offshore wind farm is entering its final stages, after the remaining jackets for the project were loaded out.
Scarce high quality oil and gas supplies a threat to ‘healthy energy transition’, says WoodMac
A lack of high quality oil and gas reserves could hamper the pace of decarbonisation as the energy transition gathers pace.
EDF reports record loss after nuclear output choked by repairs
Electricite de France reported a historic loss for 2022 after repairs choked its nuclear output, but the utility predicted a significant rebound in earnings this year as production recovers.
EnQuest shelves Kraken drilling in response to windfall tax changes
Operator EnQuest (LON: ENQ) is to defer drilling at its Kraken field following last year’s changes to the North Sea windfall tax.
Over 60 jobs to go at Harland & Wolff Methil yard following failed offshore wind contract
Dozens of workers at a Scottish fabrication yard are facing redundancy, less than two years after a major green jobs boom was touted for the site.
Are my massive energy bills fuelling Centrica’s profits?
Centrica has followed much larger companies such as BP and Shell in reporting annual results for last year which broke previous records.
Over 1,000 North Sea workers to vote on strikes as multiple ballots open
Multiple strike votes, covering hundreds of oil and gas workers employed by some of the North Sea’s biggest contractors, officially open today.
Reabold Resources adds 201 million barrels to North Sea reserves
Operator Reabold Resources (LON: RBD) has added 201 million barrels of oil equivalent (MMboe) of prospective resources to its portfolio.
Var Energi doubles yearly profits on higher oil and gas prices
Var Energi (OSLO: VAR) has continued the recent trend for oil and gas companies by announcing a doubling of its annual profits.
‘Smooth operations’ at Anasuria drive Hibiscus to record average quarterly production
Hibiscus Petroleum (KL: HIBISCS) produced an average of 19,912 barrels of oil equivalent a day for the financial quarter ended December 31.
Sweet 16: The key North Sea projects due to come onstream before 2027
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.
Orsted awards FlagshipONE carbon capture contract to Carbon Clean
Orsted has picked London-headquartered Carbon Clean to deliver critical kit for its “milestone” carbon capture and storage project.