Update: ‘Breakup’ of parts of Petrofac ‘seems likely’ as firm suspends trading shares over debt woes
Analysts have warned that debt-laden Petrofac (LON: PFC) could sell off non-core assets as the company looks for fresh capital to service its debts.
Aberdeen’s Balmoral Comtec secures Hornsea 3 contract
Aberdeen-based offshore services group Balmoral Comtec has received a multi-million-pound contract for the supply of cable protection systems (CPS) by Orsted for its major Hornsea 3 project.
Wood appoints chief strategy officer
Aberdeen-based Wood (LON:WG) has appointed Jennifer Richmond to the newly created role of chief strategy officer (CSO).
Scottish Government accused of ‘dodgy sums’ as green freeports fall short of jobs promises
The Scottish Government has been accused of “dodgy sums” as two green freeport schemes are set to deliver tens of thousands fewer jobs than were initially promised.
New LNG tank at Isle of Grain clears way for more Qatari supplies
A project that will expand UK gas storage next year has been touted as a boon for Europe’s energy security. It’s also a substantial win for the small Gulf nation of Qatar.
TotalEnergies CEO says Namibia could be next Guyana
Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position.
UK-Morocco grid connection adds fresh AFC investment
Xlinks First has announced a $14.1 million investment from Africa Finance Corporation (AFC) to further the development of Xlinks’ UK-Morocco Power Project.
Equinor Q1 results beat forecasts thanks to production growth
Equinor (OSLO: EQNR) has beaten forecasts to deliver higher than expected first-quarter results, boosted in part by higher production thanks to its stake in the UK’s Buzzard field.
Repsol told to clean up its act on Arbroath platform toilet
Repsol has been told to clean up its act over poor toilet facilities on its Arbroath platform which have been “in desperate need of replacing” since 2020.
1,100 jobs secured as TotalEnergies extends maintenance contract with PBS
Oil services consortium PBS has secured an extension to a major general maintenance and operations contract (GMOC) across TotalEnergies' North Sea assets, covering work for 1,100 people.
BP quiet on climate strategy ahead of today’s AGM
BP (LON:BP) is expected to step back from its usual climate-strategy-focus at its Annual General Meeting (AGM) later today, analysts have said.
Scottish Government will work with Berwick Bank developer after missing CfD deadline
The Scottish Government has said it will work with SSE Renewables to progress its major 4.1GW Berwick Bank offshore wind farm after it missed a crucial deadline due to slow consenting.
Halliburton posts highest quarterly revenue in over a decade
Halliburton has posted its highest quarterly earnings in over a decade after bringing in total revenues of $5.8 billion (£4.6bn) in the first quarter of 2024.
Kent signed up Spiorad na Mara offshore wind farm pre-FEED work
Energy services group Kent will provide pre-front end engineering design (pre-FEED) assessment of the proposed Spiorad na Mara offshore wind farm.
Green Volt approval could bring supply chain boost to north-east Scotland
Aberdeen has a "great opportunity" with Green Volt, says Flotation GM Barry MacLeod.
Labour Government would mean ‘fundamental reimagining’ of NSTA, Energy Council says
A report published by the Energy Council has suggested that the North Sea Transition Authority (NSTA) would need a 'fundamental reimagining' under a potential Labour government.
Perenco outlines plans for new UK CCS projects Poseidon and Orion
Perenco has outlined its plans for two new UK carbon capture and storage (CCS) projects, Poseidon and Orion.
COSLPioneer arrives at Ettrick for decommissioning work
COSL’s semisubmersible oil rig COSLPioneer has arrived at CNOOC’s (TSX: CNU) Ettrick field to perform a five-well plug and abandonment campaign.
UK offshore wind aspirations ‘increasingly out of reach’ as AR6 likely to bring in just 5GW of capacity
AR7 would need to procure 19GW to deliver 50GW of offshore wind by 2030, which puts this aspiration increasingly out of reach.
‘We’re anxious to be one of the forerunners’: Synergia targets appraisal well on ‘Camelot’ UK CCS project
Synergia Energy (AIM: SYN) aims to drill an appraisal well at the Camelot field, forming part of its UK Medway Hub Carbon Capture and Storage (CCS) plan, in the next 18-24 months.
Fyne news: Oil field project hits key regulatory milestone
The Fyne oil field, which is being developed by Rapid Oil, Ping Petroleum and Hibiscus Petroleum, has moved from the assessment phase into the authorisation phase.
BP cuts executive leadership team down to ten
BP (LON:BP) has shuffled its executive management, cutting the leadership team from eleven position to ten and promoting two people in an organisational overhaul.
Equinor approved to double capacity at two Norfolk offshore wind farms
Equinor (OSE:EQNR) has received development consents for its plans to extend the operational Sheringham Shoal and Dudgeon offshore wind farms off the North Norfolk coast.
Shareholders to pitch splitting TotalEnergies CEO and chairperson roles
Investors in French oil major TotalEnergies (LON: TTE) will call for the division of the role of CEO and chairperson of the company, claiming this could speed up its transition towards clean energy.
North Sea firm warns windfall tax risks derailing project
Europa Oil & Gas (AIM: EOG) has warned that its Serenity oil development in the Central North Sea could be hit by a new government changing its fiscal policy.