Billionaire industrialist Sir Jim Ratcliffe has blamed Britain's lack of industrial strategy and levies on carbon polluters for the closure of the UK's last plant producing synthetic ethanol.
Christopher O’Shea, chief executive of British Gas owner Centrica, has said he is “worried” about low gas reserves this winter.
Aberdeen-headquartered ASCO has been awarded a £70 million contract by Aker BP for work across its Norwegian operations.
2024 ended on a high at Concordia Damen, with the Dutch shipbuilding group reaching the roughly halfway stage in the design, build and delivery of two 550ft (167.5m) roll–on–roll–off wind turbine systems carriers for fellow Dutch company Amasus, with delivery of the first sister expected later this year (2025).
Europa Oil and Gas will retain 100% of its field exploration licences offshore Ireland, after its partner Kosmos Energy pulled out.
Antrim Energy, the Canadian oil and gas explorer has lost its majority partner in the frontier exploration licence (FEL) off Ireland's west coast.
Hungarian oil and gas firm MOL Group said today its executive vice-president of exploration and production, Alex Dodds, was quitting his role for personal reasons.
Caspian Energy has appointed Wei Zhao as its new chief executive.
Hurricane Energy is cracking on with plans to extract oil from 4,000 feet beneath the seabed after its North Sea Lancaster asset was officially designated as an oilfield. The Surrey-based company was founded in 2005 by chief executive Robert Trice to discover and develop oil from naturally fractured “basement” reservoirs in rock that was formed more than 2billion years ago. It has just achieved official oilfield status for Lancaster, located west of Shetland, from the Oil and Gas Authority (OGA).
Sound Oil has confirmed that it is still on track for production from its Nervesa gas discovery in Italy by the end of the year.
Europa Oil & Gas believes there may be more oil in its Lincolnshire well than it had earlier thought.
Total has agreed to offload its service station network and commercial assets in Turkey to the Demirören conglomerate for $356 million.
UK independent Rockhopper Exploration hopes to boost its coffers following the completion of a new sidetrack well in the Mediterranean.
The Unite union has called on the UK Government to “urgently revisit” the recommendation of the previous parliament’s transport select committee for a public inquiry into offshore helicopter safety.
Lansdowne Oil and Gas, the independent oil and gas company focussed on offshore Ireland, has drilled a dry well in the Celtic Sea.
Galicia Energy has reached an agreement in principle to sell its the licence for its Ukraine oil and gas asset.
Rockhopper has received approval from the Italian government for its environmental impact assessment of the Ombrina Mare field development in the Mediterranean. The move comes on the same day it struck a deal with Beach Energy for the acquisition of a number of assets in Egypt.
Lukoil has agreed a $1 billion dollar loan agreement with a consortium of banks to ensure the company’s participation in the next stage of giant Shah Deniz gas field development in Azerbaijan.
An increasing focus on gas production has led Sound Oil to change its registered name to Sound Energy.
Drilling contractor Songa Offshore has issued a July fleet update.
Sound Oil, the Mediterranean focused upstream gas company, has signed a gas sales agreement with Shell for the Casa Tonetto production concession.
Poland's biggest gas distributor PGNiG will start oil and gas exploration in eastern Germany, as part of a bigger plan to boost production assets outside Poland.
Edison Norge's first exploration well for its North Sea licence has come up dry. The company said the wildcat well 2/11-11 was drilled about seven kilometres southwest of the Valhall field and about five kilometres west of the Hod field.
Galicia Energy Corporation has exited from its 24% interest in the Bieszczady project in Poland.
The company revealed in June it planned to reduce exploration activity and refocus on appraisal, development and production to secure operational cash-flow. In line with this decision, San Leon has relinquished four licences, in addition to PKN Orlen taking on its interests in several other blocks.
Technip has secured a project management services contract with Trans Adriatic Pipeline (TAP) to transport gas from the Shah Deniz field to the European market.
Sound Oil, the Mediterranean focused upstream gas company, can begin commercial production from the onshore Casa Tonetto production concession after receiving the go-ahead from the Italian government.
Ukraine will take about 21 percent more gas from Slovakia to boost deliveries to underground storage after the country suspended imports from Russia over a pricing dispute, transport monopoly Ukrtransgaz said on Friday. Ukraine plans to import 16.5 million cubic metres (mcm) of gas on Friday from Slovakia, up from daily imports of 13.6 mcm so far this month, a spokesman for the company said. He said Ukraine pumped 27 mcm of gas per day from July 1-9 and collected 12.2 billion cubic metres of gas in reserves as of July 10.
EU energy regulator ACER, until now largely toothless, will be given legal powers to enforce plans for a single energy market that breaks down national barriers under a proposal from the bloc's executive arm. At a conference on Thursday in Slovenia, where the Agency for the Cooperation of Energy Regulators is based, European Commission Vice President Maros Sefcovic and Energy Commissioner Miguel Arias Canete laid out their plans to bolster ACER. Already next week in Brussels, the Commission will publish its thoughts on how to improve cross-border power and gas flows to try to bring down energy costs and curb the need for fossil fuels imported from nations such as Russia.
