Odfjell Drilling posts 2022 profits of $88m as sector continues bounce back
Odfjell Drilling (OSLO: ODL) remains comfortably in the black after a “highly impactful and exciting year” for the contractor.
From COP26 to BiFab: A look at Sturgeon’s energy record as FM announces resignation
Scotland’s longest serving First Minister, Nicola Sturgeon is to resign after more than eight years at the helm.
Well-Safe Solutions teams up with Apache to decommission North Sea wells
Well-Safe Solutions and Apache (NASDAQ: APA) have struck a multi-year framework deal to decommission wells in the North Sea.
BP makes South Korea offshore wind play with new joint venture
Oil giant BP (LON: BP) has formed a joint venture with Deep Wind Offshore to develop offshore wind opportunities in South Korea.
At North Sea field a scoreboard tracks Norway’s rising oil clout
Amid a wall of screens in the control room of Equinor ASA’s Johan Sverdrup oil field in the North Sea ticks a tally of the day’s production — and a measure of Norway’s growing importance to Europe’s energy security.
White House ‘better not kill’ Alaska oil project, Senators warn
Alaska’s senators sharply condemned any potential Biden administration move to authorize ConocoPhillips’ $8 billion Willow oil project with restrictions so onerous it wouldn’t be viable, warning that would be seen as a rejection — and an unacceptable blow to residents across the nation’s largest state.
Court date for north-east man accused of killing a co-worker on rig
A north-east man accused of murdering a colleague on a Qatari oil rig is to appear in court next week – and may face the death penalty.
Images: Neptune marks fifth birthday with wooden replica of North Sea platform
A wooden replica of a North Sea gas platform – something of a departure from the usual cake, balloons and party hats.
Roy MacGregor sells off part of his Global Energy Group empire
Highland industrialist and football boss Roy MacGregor has struck a deal to sell part of his Global Energy Group (GEG) empire to a private equity firm for an undisclosed sum.
Diversity group AFBE-UK strengthens leadership team with key appointments
Diversity and inclusion organisation AFBE-UK has strengthened its leadership team with two key appointments.
Equinor hands out £650m contract for major electrification project
The Snohvit Future project consists of two developments, and will cut emissions and extend the life of the namesake gas field.
Petrofac, Wood workers on Ithaca, Taqa North Sea assets to vote on strikes
Several other Unite coordinated North Sea strike votes, covering over 1,300 members, will also launch on Friday as unrest in the basin escalates.
Deep sea mining could threaten whales and dolphins, scientists warn
The loud noise made by deep sea mining could pose a grave danger to whales and other sea creatures that use sound to communicate, scientists have said.
Oil eases on US plan to sell more crude from strategic reserve
Oil fell on a US plan to sell more crude from its reserves, offsetting a lift from Russian output cuts and rising Chinese demand.
‘Skyscraper’ rig shows contempt for people of Torry, say protestors
Residents of Torry have voiced their outrage at the arrival of a towering oil rig at the Port of Aberdeen which they say is being imposed on the community “without any consultation”.
EPL relief ‘not enough’ to offset impact on new North Sea project profitability, says economist
November’s changes to the oil and gas windfall tax have had a “significant impact” on the profitability of new projects, analysis has found.
IOG sanctions drilling of second well on Blythe field
A 50:50 joint venture of IOG (LON: IOG) and CalEnergy Resources (CER) has sanctioned the Blythe H2 well in the Southern North Sea.
Inspirational pep talk from energy industry boss
Aberdeen must “show true grit” in the face of a tough economy, “think big” and take ownership of its own future, according to one of the city’s top industry bosses.
Update: Bilfinger to roll out pay award ‘in coming weeks’ as Unite readies to ballot 700 workers
The wave of offshore industrial unrest that has dogged the North Sea for much of the last year doesn’t appear to be letting up.
Fund Acorn CCS project, MP tells Sunak
The SNP is calling on the UK Government to “put its money where its mouth is” on carbon capture funding after a Scottish project was “snubbed”.
Russia blames US for Nord Stream blasts, threatens consequences
Russia blamed the US for explosions that damaged the Nord Stream pipelines and warned of a response from Moscow, after an American investigative journalist published an article alleging the Biden administration had attacked the gas transportation network.
Activists disembark Shell Penguins FPSO as vessel arrives in Norway
Activists from the climate group Greenpeace have left the Shell (LON: SHEL) Penguins FPSO after almost a fortnight onboard.
Aberdeen welcomes huge oil rig as UK drilling sector gets vital shot in the arm
A huge oil rig, sporting legs more than 200 metres in height, has become the largest ever vessel to visit the Port of Aberdeen.
Around 30 North Sea platforms at risk of ‘shutdown’ as union ballots 300 workers on strikes
Hundreds of offshore workers are to vote on industrial action, in a move union officials claim could force numerous North Sea platforms to shutdown.
North-east decarbonisation group on lookout for new boss as CEO prepares to step down
The chief executive of North East Carbon Capture Utilisation and Storage (NECCUS) has announced plans to step down.