Windfall tax changes to ‘hasten demise’ of North Sea
North Sea observers decry "utter economic insanity" as UK government confirms windfall tax increase and extension to March 2030.
Oil & Gas
BP reports £2.2billion quarterly profit and another £1.36bn for shareholders
Oil major BP (LON:BP) beat forecasts reporting "strong" profits and a boon for shareholders as confirmed investment in new oil and gas project in the Gulf of Mexico and scaled back plans to develop low carbon jet fuel.
Chancellor targets ‘unjustifiably generous’ investment allowances and confirms North Sea windfall tax
The Labour Party has forged ahead with plans for the rise and extension of the windfall tax on North Sea companies which will come into force 1 November.
Labour tax plans make low-carbon Rosebank ‘challenging’ – Equinor boss
Will ambitious plans to reduce emissions on the UK's largest untapped oil field be affected by new UK tax regime?
Aberdeen-based Centurion reveals ‘record’ year of buying non-oil and gas firms
The rentals specialist plans to keep buying more businesses around the globe in "critical industries" in "complex, challenging and remote locations".
NSMP signs lease for Aberdeen city centre office
The owner of the St Fergus Gas Terminal has moved into offices in Aberdeen city centre.
Pictures: Western Isles FPSO arrives in Orkney
NEO Energy’s Western Isles FPSO has been spotted arriving at Orkney Harbour ahead of its work at the Greater Buchan Area redevelopment.
TotalEnergies CEO says plan for New York listing is progressing
TotalEnergies SE Chief Executive Officer Patrick Pouyanne said the French energy giant is progressing with its plan to list shares in New York in a bid to lure more US investors.
Aberdeen’s KCA Deutag acquired by US firm in $2bn deal
Aberdeen-headquartered drilling services KCA Deutag is set to be acquired by American competitor Helmerich & Payne (H&P) in a deal worth nearly $2 billion.
TotalEnergies’ profit drops more than expected on refining
Analysts had expected TotalEnergies to post a profit of $4.92 billion.
UK may need new gas-fired power capacity for decarbonised grid
The UK will likely need new gas-fired power stations to decarbonise the electricity grid by 2030, according to a new report.
Centrica profits fall in half-year results, Spirit Energy up
Centrica (LON:CNA) profits fell substantially in its half-year results in what the British Gas owner says is a return to a "more normalised environment".
Supply chain “not to blame” for net zero delays, EIC report
Energy Industries Council eighth annual Survive and Thrive report highlights the ongoing challenges faced by the global energy supply chain amidst geopolitical and policy uncertainties.
Scotland will lead energy revolution, says Starmer as GB Energy bill introduced
Great British Energy will allow Scotland to “lead the clean energy revolution”, Sir Keir Starmer said as further details about the publicly-owned company are set to be announced.
Aberdeenshire pipeline firm Stats eyes further growth after record year
The Kintore-based company has revealed its first results since being acquired Japanese firm Mitsui last year.
Aberdeen-based Eztek confirms management buyout
An Aberdeenshire electronic design and manufacturing company has announced the completion of a management buyout.
Management team leads multi-million pound buyout of Proserv
CEO Davis Larssen and CFO Mark Fraser have also introduced an employee ownership scheme, marking a significant milestone in the company's 60-year history.
Scores of Arnish jobs at risk as government rejects Harland & Wolff’s lifeline bid
The business secretary has turned down the crisis-hit shipbuilder's application for £200m in aid.
Deltic Energy to drill first North Sea exploration well in 2024
Shell has mobilised its Valaris 123 drilling unit to drill 2024’s first well at Deltic Energy’s (AIM:DELT) Selene prospect in in licence P2437.
HSE warns North Sea firms after Apache enforcement notice
The Health and Safety Executive (HSE) is urging North Sea operators to pay closer attention to offshore safety after issuing a warning to Apache.
UK needs ‘strategic approach’ to energy transition skills agenda, says 3t chief
The head of training firm 3t is calling for a more strategic approach to skills policy to ensure there are enough skilled workers for the UK energy transition.
One dead and two injured after rig floor collapse in Turkey
The concrete floor of a rig on Türkiye Petrolleri's Yalçın field has collapsed, leading to the death of a worker and two others being hospitalised.
Perenco completes velocity string campaign at West Sole gas field
Perenco UK has completed a velocity string installation campaign across five wells at the West Sole Charlie platform in the Southern North Sea (SNS).
Kamala Harris seen as tougher oil industry opponent than Biden
As California attorney general, Kamala Harris brought lawsuits against fossil fuel companies, prosecuted a pipeline company over an oil leak and investigated Exxon Mobil Corp. for misleading the public about climate change.
Campaigners complain over ministers’ handling of plans for new gas power plant
Climate campaigners have complained about Scottish ministers’ handling of plans for a new gas-fuelled power station in Peterhead.