Omani firm Petrogas makes first gas discovery in UK North Sea
Omani operator Petrogas has announced its maiden offshore gas discovery in the UK North Sea following a recent drilling campaign.
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North Sea Oil and Gas
Apache to cease North Sea production by 2030 due to windfall tax
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North Sea operator Apache (NYSE:APA) has said it will cease operations in the UK by the end of 2029, blaming the impact of the windfall tax.
What Kemi Badenoch means for the UK’s fragile consensus on climate change
The UK has historically had a cross-party consensus on the need to tackle climate change among most politicians and voters. Only five MPs voted against the Climate Change Act in 2008, and both Labour and the Conservatives have committed to the targets enshrined in it at each subsequent election.
Aberdeen’s Glacier Energy snaps up another North East England firm
Glacier Energy has snapped up another firm based in the North East of England as it aims to double in size.
Harbour Energy international assets to ‘outweigh’ sale of UK portfolio
Harbour Energy's new international assets will "outweigh the rundown" of its UK portfolio following its Wintershall DEA buyout, according to an analyst.
Wood shares collapse as it orders investigation into contract write-offs
Wood (LON:WG) has announced a shock review of its books following write-offs of large scale contracts prompting another share price collapse for the beleaguered energy services group.
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North Sea investment allowance changes could have greater impact than EPL raise
University of Aberdeen research warns of potential impact from proposed EPL changes, but Treasury says it is "right that the oil and gas sector contributes" to UK energy transition.
BP and Shell to reveal lower profits amid decline in oil refining margin
BP (LON:BP) and Shell (LON:SHEL) are next week expected to post lower third-quarter profits than in 2023 against a backdrop of weak oil prices and faltering demand.
Why the EPL is putting both our North Sea industry and climate change goals at risk
The Autumn Budget is a chance for the government to make a bold statement on the energy transition.
Vallourec to shut Aberdeen workshop due to ‘challenging North Sea market conditions’
The closure means the loss of 23 jobs, but the firm said "most of the employees affected have already found" a new role.
“It would be fair if we had a level playing field” – Interview with Mark Routh, CEO of Prospex Energy
With the UK investment climate for conventional oil and gas increasingly uncertain, industry participants across the board – and on both sides of the fence – have weighed in in recent weeks to express concerns and constructive viewpoints on the energy security paradigm.
UK could extract further £10bn from North Sea under right fiscal conditions, WoodMac says
The UK could unlock up to £10 billion of North Sea oil and gas pre-tax value from existing assets under the right fiscal regime, a new report has found.
Analysts warn of £4.9bn shortfall in Chancellor’s green plan
Analysts have warned of a potential £5 billion funding hole in Chancellor Rachel Reeves’ proposals to finance the green prosperity plan.
Aberdeen’s Oceanscan snapped up by offshore wind specialist Venterra
An Aberdeen-headquartered group of companies that provide subsea and non-destructive test equipment, geotechnical services and offshore personnel has been acquired by Venterra Group.
Viaro progresses nuclear plan for North Sea offshore assets
North Sea operator Viaro Energy is continuing its focus on nuclear power after forming a strategic partnership with reactor technology developer Terrestrial Energy.
The fate of North Sea oil and gas: ‘It didn’t have to be this way’
This year I retired after a half century working in the UK oil and gas industry. My experience was of a fine industry which achieved stunning feats of engineering excellence and delivered economic prosperity for the UK.
Former Oil and Gas UK chief’s fears of North Sea ‘wholly premature death’
The former head of Oil & Gas UK has accused politicians of “gross negligence” towards the offshore industries and their workers.
Petrofac further extends grace period for missed payments
Petrofac (LON:PFC) has once again extended its existing forbearance agreement on a missed interest payment with a group of lenders.
Windfall tax concern ‘looms large’ over north-east businesses
The windfall tax on the North Sea energy sector remains a key concern for north-east businesses ahead of this month’s budget, according to a survey.
Methanol-powered turbine test hailed a ‘key milestone’ for greener North Sea
A gas turbine used by the offshore energy industry for decades has proved it can be retrofitted to run on methanol, reducing harmful emissions by 80%.
Aurora to add 30 roles for new oil and gas services division
Inverness-headquartered Aurora Energy Services will recruit 30 new employees over the next six months after launching an integrated services division based in Aberdeen.
Proserv wins six-figure deal on Norwegian oil and gas platform
Aberdeen controls technology firm Proserv has won a six-figure contract to deliver its technology to an oil and gas platform in the Norwegian North Sea.
North Sea confidence plummets to new low ahead of budget
The results of a new survey have prompted Aberdeen and Grampian Chamber of Commerce (AGCC) to propose a five point plan to Chancellor Rachel Reeves as she prepares to unveil the new UK government's budget at the end of the month.
Green Volt offshore wind farm chooses Aberdeen for HQ
Aberdeen has been selected as the headquarters of one of the world’s largest offshore wind projects.
Scotland and Humber carbon capture schemes will have to wait until springtime
Energy minister Michael Shanks said to remember the current government has been in office less than 100 days and 'we are moving as quickly as we can'.
GB Energy chairman reveals goal of at least 1,000 jobs at new Aberdeen HQ
Juergen Maier laid out more detail around the publicly-owned energy firm as he made his first appearance before MPs at Westminster.
SNP chief Stephen Flynn defends £30k donation from Flotation Energy boss
The MP for Aberdeen South accepted the donation from Flotation Energy boss Allan MacAskill after lobbying on the firm's behalf.
Peterhead Port calls for investment zone status
The boss of Peterhead Port has called for the implementation of an investment zone as it develops a 10-year masterplan with infrastructure developments and enhancements at the heart of it.
Aberdeen’s Ventex snaps up ‘hidden gem’ nuclear ROV specialist
Climate tech venture studio Ventex has grabbed hold of a remote survey firm that specialises in the nuclear industry.
NSTA guidance aims to speed North Sea deals
The North Sea Transition Authority (NSTA) has published new guidance designed to smooth and accelerate merger and acquisition (M&A) deals between companies operating in the North Sea.
Fire safety equipment test failures putting North Sea workers at risk
Delays in fixing damaged or corroded fire safety equipment in the North Sea is a huge cause for concern amongst workers and their families, along with those who remember what can happen when it goes disastrously wrong.