UK competition watchdog opens inquiry into Baker Hughes, Akastor deal
The UK competition watchdog is investigating the planned merger of Baker Hughes’ subsea drilling systems business with investment firm Akastor’s MHWirth subsidiary.
£26m funds boost for energy transition zone
A major development to shift the economy away from reliance on oil and gas is being given £26 million by the Scottish Government.
Updated: Taqa says it can remove Cormorant Alpha ‘attic oil’ after topsides have gone
Taqa says its plans to remove "attic oil" from the Cormorant Alpha platform’s huge concrete base will not be derailed by the removal of the topsides.
‘Tremendous’ performance amid pandemic set up Tailwind for year of investment, with more to come
Bosses at Tailwind Energy said the North Sea oil firm’s “tremendous” performance during the Covid pandemic had set up a “year of investment” in 2021.
Top job at UK oil industry environment and decom regulator up for grabs, £100k pay
The top job at the environmental and decommissioning activity regulator for the UK offshore oil industry is up for grabs.
After blowing $300bn, US shale finally makes money
Marathon Oil Corp. used to represent everything that was wrong with U.S. shale: enormous debtloads, lavish executive pay and a seeming willingness to spend whatever it took to boost output. The company hemorrhaged money, and the stock plunged 84% from a peak in 2014 through the end of last year.
Urgent action demanded to turn north east into green centre of excellence
Work should start urgently to transform the north east from Scotland's oil and gas capital into a new European centre of excellence for renewables, a citizens' panel has demanded.
i3 Energy shares jump as firm touts maiden dividend payment next month
Shares in London-listed i3 Energy jumped this morning after the firm said its maiden dividend could be paid out next month.
Oil sector activity reignites, sending more vessels back to work, Esvagt says
Emergency response and rescue vessel firm Esvagt said today that a “re-ignition” of oil and gas sector activity was creating a “promising” increase in demand.
Biden oil leasing ban is up in air after GOP foes win in court
President Joe Biden’s plans to curtail fossil fuels hit an early roadblock Tuesday, when a federal judge ruled against the administration’s temporary ban on selling new drilling rights on federal lands and waters.
China confirms broken fuel rods at nuclear plant but no radioactive leak
A Chinese nuclear power plant near Hong Kong had five broken fuel rods in a reactor but no radioactivity leaked, the government said on Wednesday in its first confirmation of the incident that prompted concern over the facility's safety.
New DNV research highlights 10 energy systems technologies that must work together to meet global decarbonization targets
DNV, the independent assurance and risk management provider, has highlighted how 10 key energy transition technologies are expected to develop, compete, and interact over the next five years if global economies are to meet emissions reduction targets. DNV’s aim is to make an objective and realistic assessment of the status of these technologies and evaluate how they can contribute to the energy transition ahead.
‘No panic’ despite slip in Forties pipeline shutdown schedule
The boss at Ineos FPS has said a slight slip in the schedule for the major Forties pipeline upgrade project would have “no negative impact”.
Offshore energy robotics researcher ORCA Hub secures £2.5m funding boost
A consortium researching how robots could make offshore infrastructure inspection and repair safer has received a £2.5 million cash injection from UK Research & Innovation (UKRI).
ICR Integrity bosses hail firm’s resilience and aim to expand overseas footprint
ICR Integrity, of Aberdeen, remained in the red in 2019-20, but the energy service firm’s “resilience” during the Covid-19 pandemic has given its bosses encouragement.
Stena Don rig on hire for Lincoln well abandonment job, Lancaster pump fixed, Hurricane says
Troubled UK oil firm Hurricane Energy said today that the Stena Don rig is now on hire to plug and abandon the Lincoln well, which it once hoped to develop, west of Shetland.
‘Petrolhead’ who beat Shell shows how law can fight climate change
Royal Dutch Shell Plc hired a team of pricey lawyers for its defense against environmental activists in a Dutch court, and lost. A decade-old, $22 book might have upped their chances of winning.
Big Oil must work harder to slash Africa emissions, WoodMac says
Oil majors need to curb emissions in sub-Saharan Africa -- where almost half of their most polluting assets are located -- as investors demand greater efforts to slash carbon output, according to Wood Mackenzie Ltd.
UK to import Norway’s cheap hydro-power along subsea cable
The first megawatts of electricity will flow between Norway and the U.K. Wednesday along the longest submarine power cable in the world.
Johnston Carmichael lends support to green port in Cromarty Firth
A bid to create a freeport in the Cromarty Firth is being backed by accountants and business advisers Johnston Carmichael.
BP working to deadline on ScotWind bid
BP says it is focused on producing a winning application for the ScotWind licensing round.
CNOOC celebrates production boost at Golden Eagle
A drilling campaign has boosted production at CNOOC International’s Golden Eagle field in the UK North Sea.
Norway activists take fight on Arctic oil drilling to European Court
Climate activists that failed in their attempt to stop oil and gas drilling in Norway’s Arctic are taking the case to the European Court of Human Rights.
Fugro’s Geo-data technology to ‘preserve’ Cosquer Cave prehistoric art
The French Ministry of Culture has awarded Fugro a further contract to complete the scanning of the astonishing Cosquer Cave, located in the Urgonian limestone at Cap Morgiou near Marseille, France.
Apprenticeship event showcases opportunities in renewables
The chance to take the first step on the career path in the renewable energy sector will be in the spotlight at an event this week.