Energy prices will continue to rise if oilfields like Cambo are halted – Hands
The price of energy will increase further if oilfields like Cambo do not go ahead, a UK Government minister has warned.
West of Shetland
Siccar Point mulling next steps for 80m barrel gas field that could hinge on Cambo
North Sea firm Siccar Point Energy is nearing a decision on how best to proceed with its West of Shetland Tornado project.
BP defends Foinaven removal strategy after oil giant accused of dumping waste
BP has insisted the Foinaven FPSO is being removed in a ‘controlled’ manner after a news article alleged it planned to dump “industrial waste” in a protected area.
Ithaca completes $1.5bn acquisition of Cambo operator Siccar Point Energy
Ithaca Energy has completed its acquisition of Cambo operator Siccar Point Energy.
Supply chain event proves Equinor’s commitment to £4.5bn Rosebank project, says North Sea boss
Equinor’s North Sea boss has reinforced the Norwegian energy giant’s commitment to developing the Rosebank project.
Former Premier Oil UK boss Robin Allan joins Hurricane Energy
Robin Allan, the former UK North Sea boss at Premier Oil, has joined the board of West of Shetland operator Hurricane Energy (LON: HUR).
Equinor dismisses ‘speculation’ of windfall tax threat to £4.5bn Rosebank project
Equinor has dismissed "speculation" suggesting it has “threatened to abandon” the £4.5bn Rosebank project due to the UK windfall tax.
Hurricane Energy hits out at ‘unhelpful’ lack of windfall tax detail
Hurricane Energy has branded government’s windfall tax as “unhelpful” particularly due to its lack of public details.
West of Shetland to West Coast: Foinaven FPSO to depart BP oilfield
The Foinaven FPSO is leaving the namesake BP oilfield for Hunterston Port - but vessel owner Teekay has kept schtum on its final decom location.
Equinor handed two-year extension to Rosebank licences ahead of FID
Equinor has been handed an extension to the Rosebank licences – paving the way for an investment green light.
Hurricane Energy takes $4.1m hit as it gives up on Warwick Area
Hurricane Energy (LON: HUR) and its partner Spirit Energy have given up on the Warwick Area in the West of Shetland.
Windfall tax measures could ‘accelerate’ major UK oil projects like Cambo and Rosebank
Windfall tax measures announced by Rishi Sunak could "accelerate" major UK oil and gas projects like Cambo and Rosebank, according to experts.
Cambo owner Ithaca Energy to IPO in London ‘asap’
Ithaca Energy will make its IPO in London “as soon as possible” this year, according to parent firm Delek Group.
North Sea: 48 discoveries and 2.3 billion barrels – why aren’t they being developed?
The North Sea and West of Shetland has 48 known discoveries with 2.3 billion barrels of oil equivalent, and new research has shed light on the challenges in getting them developed.
Oil protestors flooded Kwasi Kwarteng with 20,000 emails to block Cambo
The Tory energy secretary was dealing with 100 campaign messages a day as climate activists fought to block the controversial Cambo oil field expansion off Shetland.
UK North Sea sees chance for political reprieve in energy crisis
Six months ago, UK North Sea oil and gas faced the bleakest outlook in its 50-year history.
The Not-So-Dirty Dozen: Key North Sea hubs still producing in 2032
There are several hubs around the North Sea which will still be producing in a decade’s time – but 12 of these will be “key” thanks to their production upsides and emissions intensity, according to new research.
BP announces £18 billion investment for UK with North Sea at its heart
BP has announced plans to invest £18 billion in the UK energy system by 2030, with the North Sea at its heart, days after calls were once again raised for an oil and gas windfall tax.
Hurricane expects stop to Lancaster field life towards end of 2023
Hurricane Energy has predicted that the end of its flagship Lancaster field’s production life will arrive at around the end of 2023.
Siccar Point enjoys $359m boost from BP Schiehallion field
Siccar Point Energy has enjoyed a $359 million boost thanks to its holding in the BP Schiehallion field in the West of Shetland.
Hurricane Energy adds more barrels to flagship Lancaster field
Hurricane Energy (LON: HUR) expects to get some extra barrels out of its flagship Lancaster field, as set out in a new competent person’s report.
Outcry as UK loses out to UAE’s Lamprell on £10bn floating wind projects
Work for a trio of giant floating wind projects off the coast of Scotland have gone to the UAE fabricator Lamprell, sparking outcry.
Ithaca aiming for ‘support from all parties’ on Cambo push
The chairman of Ithaca Energy, soon to be the new operator of the controversial Cambo oilfield, has said the firm wants open dialogue with environmentalists and other parties on its future.
Equinor confirms push back of Rosebank sanction to 2023
Equinor has confirmed the sanction date for the Rosebank project in the West of Shetland has been pushed back to next year, after Ithaca Energy made the claim last night.
Ithaca Energy to buy Cambo operator Siccar Point in $1.5 billion deal
Ithaca Energy has struck a deal to buy Siccar Point Energy, operator of the controversial Cambo project, for just shy of $1.5 billion.