North Sea operator Orcadian Energy acquires shares of HALO
North Sea operator Orcadian Energy (AIM:ORCA) has acquired the shares of HALO Offshore UK Ltd from the joint liquidators of Hague and London Oil plc (HALO).
North Sea
North Sea Oil and Gas
Aberdeen’s OEG seeking up to £100m in acquisitions a year
Aberdeen's OEG Energy Group has bought up 14 businesses in the last four years and boss John Heiton aims to maintain the pace.
Hartshead starts spending on North Sea project after budget ‘clarity’
North Sea operator Hartshead Resources (ASX:HHR) is progressing the first phase of its Anning and Somerville after receiving "clarity" from the UK budget.
Sarens PSG creates 25 jobs with Aberdeen ‘centre of excellence’
The heavy lift company has credited establishment of GB Energy for its Granite city move
OEUK hosts ‘the largest Awards event we’ve had for a decade’
Offshore Energies UK (OEUK) held its awards show on Thursday night as CEO David Whitehouse boasted the trade body's biggest event "for a decade".
Aberdeen-based pioneers Proserv and Verlume power up partnership
Two pioneering technology firms from Aberdeen are combining forces to serve subsea energy producers, particularly those looking to extend the life of offshore oil and gas assets.
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France’s TotalEnergies unveils $4.1 billion profit in quarter
French energy giant TotalEnergies (PARIS:TTE) hailed "robust" results for the third quarter of the year despite a decline in margins.
Shell reveals another shareholder boon on $6 billion quarterly profit
Shell (LON:SHEL) unveiled a better-than expected $6 billion (£4.6bn) profit and another investor-pleasing buyback on the back of an increase in gas production.
ATPI, Nomadic partner to help foreign workers fill gaps in UK workforce
Travel management company ATPI has partnered with Nomadic, a global short-term immigration provider, to help companies fill potential energy industry workforce gaps.
Budget: don’t squander the SME talent leading the energy transition
If the country's top producers – and earners – are open to jumping ship over the impending fiscal regime, imagine the impact changes will have on the countless SMEs that make up the supply chain?
North-east oil workers are warming to Green way of thinking, says Patrick Harvie
The Greens are often cast by political rivals as being out of touch with voters in the region.
Serica warns of production hit by outage on Triton
Serica Energy plc (AIM: SQZ) has warned its expected oil and gas production this year will be hit after a failed gas compressor has shut down operations on the Triton FPSO.
BP reveals profits slump to $2.3 billion in quarter
Energy giant BP (LON:BP) revealed profits have slumped 18% to $2.3 billion (£1.8bn) in its most recent quarter as it confirms a reduction in margins in its refining business and weak oil trading.
Stick or Twist: The North Sea operators who are warning they will leave the UK
Read our compilation of the UK oil and gas firms who wave made their views clear as Labour’s first budget looms.
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.
