Families to lobby for end of oil and gas extraction in UK
Families will gather in Westminster to lobby for an end to all new oil and gas extraction in the UK.
North Sea
North Sea Oil and Gas
Shell upstream director Zoë Yujnovich to step down at end of March
Shell's integrated gas and upstream director Zoë Yujnovich will step down at the end of March after more than a decade at the supermajor, the company announced.
Orcadian sells 50% stake in HALO Offshore UK to IPC
North Sea operator Orcadian Energy has sold a 50% stake in HALO Offshore UK Ltd to power plant developer Independent Power Corporation (IPC).
What does the future hold for UK’s Rosebank and Jackdaw?
UK offshore energy investors are consolidating their assets as the government remains vague on necessary investment criteria - but it could also mean the return of 'dirty word' Cambo.
Ex-BP boss Bernard Looney takes chairman job at climate AI firm
Former BP chief Bernard Looney has been named chairman of a climate-focused AI start-up, nearly 18 months on from a scandal which saw him leave the oil giant.
UK grid to ‘remain exposed’ to gas import shocks without clean power 2030 target, report finds
Labour’s clean power by 2030 decarbonisation goal will cut UK gas imports for power generation by 57% and lower the risk of price shocks, according to a report.
All North Sea Posts
Abu Dhabi deals for North Sea firms TWMA and Osso
Aberdeen drilling waste management firm TWMA has extended a contract in United Arab Emirates (UAE) in a deal worth $70 million (£54.3m).
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.
