Deltic shares surge on ‘highly encouraging’ Shell backing for Selene well
Shell (LON:SHEL) has given a green light to the next stage of a gas discovery in the Southern North Sea, delivering a shares boost for its partner Deltic Energy (AIM:DELT).
North Sea
North Sea Oil and Gas
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.
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.
All North Sea Posts
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.
How does age influence the UK energy transition?
How does age influence the experiences of younger and older workers in the UK energy sector?
Ithaca Energy adds new director after Eni combination
Ithaca Energy (LON: ITH) has appointed Tamir Polikar as a non-executive director to its board of directors as nominee of the company’s majority shareholder, Delek Group.
Ithaca Energy and Eni complete business combination
Ithaca Energy (LON: ITH) and Italy’s Eni have completed a business combination for the vast majority of Eni’s UK upstream oil and gas assets.
EnergyPathways secures loan to develop gas storage hub
EnergyPathways (AIM: EPP) has entered into a £5.1-million loan facility to develop its Marram Energy Storage Hub (MESH) project.
Axis unveils seven steps to energy industry equality
Seven initiatives to help energy industry businesses increase the diversity of their workforce were unveiled at an event in Aberdeen.
Hopes rise for North Sea windfall tax “successor”
Analyst Wood Mackenzie believes "where there’s a will, there’s a way" in achieving a consensus on an improved system of taxation despite differences of opinion between government, industry and North Sea investors.
Serica on track to meet full year targets thanks to oil production boost
Oil and gas firm Serica Energy (AIM: SQZ) has confirmed it will hit its full year targets for production as two North Sea wells deliver on their promise.
Hywind Scotland turbines on track to be reinstalled in weeks
Equinor (OSE:EQNR) has confirmed the five floating turbines of its flagship Hywind Scotland project will be re-installed before winter.
Harbour plans Viking CCS tenders as Waldorf and Dana look to decom
Harbour Energy has revealed plans to offer three tenders to create infrastructure for its Viking carbon capture and storage (CCS) project, according to data from the regulator.
Watch: New film highlights importance of UK oil and gas for its workers
Serica Energy and unions GMB and BRINDEX have created a campaign highlighting the role of North Sea oil and gas in the lives of its workers.
Who is the UK North Sea’s top tax payer?
Just 35 North Sea companies paid £7.5billion in 2023 as sector warns UK tax policies will kill jobs, investment and receipts.
GE Vernova boosts HVDC manufacturing capacity in England
US energy giant GE Vernova (NYSE: GEV) has completed an expansion of its grid solutions business in Stafford, England to meet growing demand for high-voltage direct current (HVDC) cable in the offshore wind sector in the UK as well as Europe, Asia and North America.
North Sea flight operator CHC Helicopters records £4.8m loss
North Sea helicopter operator CHC Scotia has recorded a £4.8 million loss in 2023 in what the company described as “challenging industry conditions”.
North Sea oil pollution ‘grossly underestimated’, report finds
North Sea oil pollution has been "grossly underestimated" due to an opaque and misleading reporting system and ineffective regulations, a report has found.
Peterson Energy Logistics reports powerful 2023 results
Aberdeen's Peterson Energy Logistics grew its footprint in the renewable energy and nuclear sector which powered growth in turnover and profits last year.
Legal challenge to Rosebank and Jackdaw headed for November hearing
A Scottish court has granted approval for legal challenges to the Rosebank and Jackdaw oil and gas fields to proceed to a hearing.
Welcome, GB Energy, but let’s not kid ourselves
The UK's major energy company isn’t the be all and end all as the Energy Profits Levy, combined with a potential removal of tax allowances, still hangs over the sector like the Grim Reaper stalking its next victim.
UK energy sector reacts to GB Energy headquarters announcement
The UK energy sector has welcomed confirmation that GB Energy's headquarters will be based in Aberdeen, but called for more clarity over the government's energy policy.
Shrinking oil and gas profits tax take ‘casts doubt’ on UK Government plans
The decline in the North Sea tax base raises further questions over the £1.2bn per annum uplift in windfall tax revenues which the government has ear marked to fund GB Energy.
Petrofac again extends grace period with lenders over missed payments
Petrofac (LON: PFC) has extended its existing forbearance agreement on a missed interest payment with a group of lenders from 20 September to 18 October 2024.
Power Moves: New board members for AREG and more
Aberdeen Renewable Energy Group (AREG) has appointed two new directors, Allan MacAskill and Andrew Wilson, to its board. The appointments represent more than 60 years of combined energy sector experience for AREG, whose mission is to champion the Northeast's renewable energy sector.
Aberdeen’s Imrandd completes first contract for major Australian operator
Aberdeen-based consultancy Imrandd has expanded its global footprint after completing its first contract in Australia for a "major upstream operator".
Complications stall Prax’s purchase of Shell’s stake in German refinery
A planned purchase by Prax Group of Shell’s 37.5% stake in the Schwedt refinery in Germany is being delayed by “pending lawsuits by third parties,” according to a report from Reuters.
Offshore mooring firm First Marine Solutions extends lease at Montrose Port
Scottish offshore mooring firm First Marine Solutions (FMS) has extended its partnership with Montrose Port Authority with a five-year lease agreement.
