North Sea operators urged to show ‘commitment’ to UK decom supply chain
The North Sea regulator has urged operators to show "commitment" to the UK supply chain to increase local content in decommissioning.
North Sea
North Sea Oil and Gas
A bird in the hand: How falcons are assisting North Sea decom
Falcons are supporting firms to decommission oil and gas assets in the North Sea, not by supporting those working at heights but by moving along birds who have nested.
Viaro boss denies ‘vexatious’ lawsuit and theft claims
The boss of a North Sea independent producer in the process of buying assets from Shell (LON:SHEL) and Exxon (NYSE:XOM) has hit back at claims he forged documents to steal millions from a previous employer.
Construction begins on £9m Aberdeen renewable energy incubator
Construction has started on a new energy incubator to help Scotland develop and manufacture green energy technologies and scale-up the companies behind them.
Three60 wins multi-million-pound North Sea decom deal
Aberdeen-based energy services firm Three60 Energy has won a major decommissioning contact in the North Sea.
Buchan floating wind farm to open fresh consultation
The developers of the Buchan floating offshore wind farm will hold a second round of consultations on the project.
All North Sea Posts
Europa eyes decision on Tain-Serenity combination in early 2023
Europa Oil and Gas, i3 Energy and Repsol Sinopec are looking at unitising their Tain and Serenity developments after appraisal drilling at the latter proved disappointing.
Archer and IKM in for Baker Hughes’ pumping and tubing division
A pair of firms are making a play for Baker Hughes’ coil tubing and pumping business, potentially paving the way for its takeover of rival Altus Intervention.
UK minister slams Scottish energy strategy as ‘environmental nonsense’
Graham Stuart says oil and gas is not ‘some terrible Tory choice’ but the ‘nature of this economy’
Quattro acquires Maria licence in new deal with United
United Oil and Gas announced it had signed a binding purchase agreement with Quattro Energy for Licence P2519, nearly a year after it called off a similar deal due to financing delays.
Only six big-spend projects for UK North Sea in coming years
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Oil and gas companies lodge over 100 bids in North Sea licensing round
More than 100 bids have been lodged for the UK’s 33rd offshore oil and gas licensing round, the industry regulator has confirmed.
Investors could ‘withdraw’ from Acorn CCS project over delays – Matheson
Meanwhile the UK Government has pledged an update on Track 2 - part of its £1bn carbon capture fund - in spring.
Rosebank needed for UK energy security: Equinor boss
Equinor chief executive Anders Opedal said Rosebank will be needed to shore up UK energy security, and that recent windfall tax measures had not affected the company’s North Sea strategy.
Sunak plans to strengthen anti-protest laws with police powers
Prime Minister Rishi Sunak plans to strengthen anti-protest legislation, giving police additional powers to clamp down on demonstrations even before they’ve caused any disruption.
Over 200 Petrofac workers to receive £18k pay increase after accepting offer
Dozens of offshore workers are to benefit from a hefty pay increase after a long-running dispute was brought to an end.
Rishi Sunak heads to Highlands in first Scotland visit since becoming PM
Prime Minister Rishi Sunak is set to be in the Highlands on Friday morning to confirm investment in a green freeport for the region.
Serica boss addresses investor concern on whether Triton FPSO is ‘fit for purpose’
Dana Petroleum, which operates Triton, was cautioned last year by the HSE after it found employees were put at risk of exposure to legionella bacteria on board.
New jobs on the way at Aberdeenshire firm Paradigm Flow Services
Paradigm Flow Services (PFS), of Thainstone, near Inverurie, plans to double its headcount – creating 30 jobs – after a multimillion-pound finance deal.
Serica minor backer voices ‘unmitigated disgust’ over Tailwind deal
A minor shareholder in Serica Energy (LON: SQZ) has written to the company’s chairman to vent his “unmitigated disgust” over the planned acquisition of Tailwind Energy.
UK says it’s confident Britain will have enough energy for next winter
The UK government said it’s confident Britain will have enough energy to get through next winter as liquefied natural gas flows boost supplies and demand is reined in.
Centrica picks ex-Shell finance head as new group CFO
Centrica (LON: CNA) has announced the appointment of its new chief financial officer, alongside a trading update suggesting earnings will exceed the top end of analyst estimates.
Hurricane board to stay on after activist investor backs off
Hurricane Energy’s (LON: HUR) top brass are to remain in charge after being given a stay of execution by the company’s top backer.
The Hunt for Mr X: Documentary investigates North Sea diver behind £100m Highland cocaine plot
In the early 1990s, North Sea diver-turned-drugs baron Julian Chisholm spectacularly shed his shackles and handcuffs and fled into the Spanish desert.
TotalEnergies unveils new North Sea boss
French oil major TotalEnergies (PAR: TTE) has named a new managing director for its UK North Sea business.
Government challenged over ‘gas giveaway’ incentives, Rosebank support
MPs challenged the government over its energy efficiency performance and the continued licensing of new oil and gas fields, while a government minister reiterated a continued need for fossil fuels.
Cambo: A year since Shell decided not to invest
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
OPRED approves Repsol Sinopec plans for Saltire decommissioning
The UK’s offshore decommissioning regulator has approved Repsol Sinopec’s plans to decommission infrastructure around the Saltire area, with work set to begin later in the decade.
Scotland minister: Closing down oil and gas would be ‘absolutely crazy’
Lord Offord of the Scotland Office said it would be "crazy" to shut down oil and gas in the north-east in response to the Scottish Government's recently announced energy strategy.
‘Fyne deal’: Firm led by ex-TechnipFMC boss buys up Orcadian North Sea discoveries
A firm developing the Fyne oilfield in the North Sea has agreed terms to buy up a pair of discoveries from developer Orcadian Energy (LON: ORCA).
Recap: Hurricane Energy prepares for latest showdown with largest shareholder
Meanwhile, Hurricane said it has had "multiple proposals from credible counterparties" on its process to sell the company.
