Apache to cease North Sea production by 2030 due to windfall tax
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.
Oil & Gas
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.
Career opportunities arise within decommissioning
Successful removal of platforms weighing upwards of 30,000 tonnes is taking the decommissioning industry to new levels of high-tech excellence with projects around the UK coastal shelf, but that does not reduce the challenge.
Union demands nationalisation of National Grid as profits rise
National Grid (LON:NG) reaped a 14% hike in underlying profit in the first half of 2024, prompting calls from the UK’s major union Unite for it to be nationalised.
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.
Wood shares collapse as it orders investigation into contract write-offs
Wood (LON:WG) has announced a shock review of its books following write-offs of large scale contracts prompting another share price collapse for the beleaguered energy services group.
Wood reports ‘mixed quarter’ as business areas underperform
Aberdeen-headquartered Wood (LON: WG) has reported a "mixed quarter" as areas of the business delivered a "disappointing" period, CEO Ken Gilmartin shared.
Equinor announces $30 million 2023 UK tax bill as rates rise
Norway’s state-owned oil company Equinor forked out $30 million in UK taxes in 2023, and now finds itself spending more than it is earning within the country.
NSTA poised to unveil new TWIST to support decommissioning sector
The North Sea Transition Authority (NSTA) is ramping up its ‘carrot and stick’ approach to decommissioning as the regulator prepares to unveil a new TWIST.
UK oil and gas firm looks to Middle East amid North Sea uncertainty
For many North Sea oil and gas supply chain firms, attending the annual ADIPEC conference in the Middle East has been a key part of efforts to expand internationally.
North Sea oil decline does not benefit decom firms, Well-Safe Solutions
As threats of earlier decommissioning dates for UK oil and gas projects circulate, Well-Safe Solutions explains why this is not good news for P&A specialists.
Nexos secures North Sea HVAC crew deal with EnQuest
Aberdeen offshore services provider Nexos has secured a contract with North Sea operator EnQuest (LON:ENQ) to provide HVAC services at its Thistle and Magnus platforms.
Tories to vote against windfall tax changes
Conservative ministers are expected to vote against changes to the energy profits levy (EPL) today, a tax first introduced by the Tory party, a spokesman has said.
Trump wins – what it means for the UK energy industry
Donald Trump has declared victory in the US elections after the Republican won key states including North Carolina, Georgia and Pennsylvania.
Noble extends rig contract with Shell at Penguins
The Noble Corporation announced in its third-quarter results that its Ocean Endeavor rig has been handed additional work by UK supermajor Shell.
The importance of decommissioning wells in the North Sea
The North Sea has been a powerhouse of oil and gas production for over five decades.
Operators could face fines as North Sea decommissioning still lags
The pace of North Sea oil and gas decommissioning continues to lag behind targets, with operators who fail to comply being liable to face fines of up to £1 million.
Lawsuit aims to stop Gryphon decommissioning
An independent operator has filed a lawsuit to stop plans to decommission the Gryphon floating production storage and offload (FPSO) vessel.
Brent Charlie topside loaded in to UK port for decommissioning
Mammoet has skidded the Brent Charlie topside into place for decommissioning at the Able Seaton Port in Hartlepool.
US Foundation’s drillship dilemma as Joides Resolution retired early
Recently, Joides Resolution (JR), arguably the most famous research drillship of all time, was prematurely retired and is now in the early stages of being stripped of its equipment prior to scrapping.
Decommissioning technology puts intervention at the FrontRow
Decommissioning of North Sea wells and infrastructure is happening – but perhaps more slowly than the supply chain supporting the activity had hoped.
Aberdeen’s Exceed secures Centrica Rough contract
Well and reservoir management firm Exceed has secured a contract with Centrica Energy Storage for the redevelopment of the Rough gas storage field.
AI breakthrough could save £10bn in North Sea decom costs
A breakthrough artificial intelligence (AI) project could save taxpayers and the offshore industry billions of pounds in oil and gas decommissioning costs.
Dana offers up work to ‘kill’ Western Isles wells
Dana Petroleum has offered up tenders to “kill” the Harris and Barra wells at its ill-fated Western Isles project.