Aberdeen’s MDL wins ultra-deep water SURF deal in Brazil
Flex-lay specialist Maritime Developments Ltd (MDL) has celebrated a new contract win as it attends the Rio Oil and Gas show, now called ROG.e.
Oil & Gas
UK’s critical gas infrastructure at risk if investment allowance scrapped
NSMP CEO calls for industry and policymakers to collaborate to deliver a just transition as UK gas faces risk from fiscal instability.
Shrinking oil and gas profits tax take ‘casts doubt’ on UK Government plans
The decline in the North Sea tax base raises further questions over the £1.2bn per annum uplift in windfall tax revenues which the government has ear marked to fund GB Energy.
Petrofac again extends grace period with lenders over missed payments
Petrofac (LON: PFC) has extended its existing forbearance agreement on a missed interest payment with a group of lenders from 20 September to 18 October 2024.
Mystery potential Grangemouth buyer revealed as Canadian businessman
The mystery buyer behind a potential bid for the Grangemouth refinery has been revealed as Canadian businessman Garth Reid, according to media reports.
The North Sea semisub market may seem buoyant, but looks can be deceiving
The North Sea semisubmersible (semisub) market hit 100% utilisation at the height of summer this year, however the reality is that shrinking supply has accentuated this, rather than soaring demand.
Power Moves: New board members for AREG and more
Aberdeen Renewable Energy Group (AREG) has appointed two new directors, Allan MacAskill and Andrew Wilson, to its board. The appointments represent more than 60 years of combined energy sector experience for AREG, whose mission is to champion the Northeast's renewable energy sector.
Arctic seabed mining will cause ‘irreversible harm’ to wildlife – Greenpeace
Plans to open a vast area of the Arctic seabed to mining will cause “irreversible harm” to unique and vulnerable wildlife and habitats, Greenpeace International has warned.
Government not ‘sleepwalking’ over Grangemouth, says Starmer
The Prime Minister has said his Government is not “sleepwalking” into potential “industrial devastation” over the closure of the Grangemouth refinery.
Aberdeen’s Imrandd completes first contract for major Australian operator
Aberdeen-based consultancy Imrandd has expanded its global footprint after completing its first contract in Australia for a "major upstream operator".
Marine robotics firm Beam extends capacities with autonomous tech
Offshore wind services firm Beam, recently formed from the merger of marine robotic technology companies Rovco and Vaarst, has announced an investment of £15m in three marine vehicles aimed at boosting its surveillance capabilities.
Upstream electrification could cut over 80% of oil and gas emissions, Rystad says
Electrifying upstream oil and gas assets to run on renewables or natural gas that would otherwise be flared could cut associated emissions by more than 80%, according to Rystad Energy.
Complications stall Prax’s purchase of Shell’s stake in German refinery
A planned purchase by Prax Group of Shell’s 37.5% stake in the Schwedt refinery in Germany is being delayed by “pending lawsuits by third parties,” according to a report from Reuters.
UK gas plants kept offline by wind and solar
UK gas-fired power plants are running at their lowest hours of operation since 2017 owing to high levels of wind, solar and imports from Norway and France into the national grid.
Offshore mooring firm First Marine Solutions extends lease at Montrose Port
Scottish offshore mooring firm First Marine Solutions (FMS) has extended its partnership with Montrose Port Authority with a five-year lease agreement.
Jersey Oil and Gas ‘hopes sense prevails’ in Westminster
Jersey chief executive Andrew Benitz said the firm's achievements have been marred by "fiscal and political turmoil" which has forced them to take measures including a 50% cut in staff and director salaries.
Aberdeen’s SPE Offshore Europe 2025 is open for business
SPE OE25 will incorporate exhibition halls themed to address the "pressing issues facing the sector today".
Axis Network sets deadline for full gender equity in UK energy
Widening the diversity of the energy sector's workforce and leadership is being seen as an increasingly important part of the sector's licence to operate.
Costain to investigate hydrogen blending for hard-to-decarbonise gas customers
Wales and West Utilities (WWU) has commissioned infrastructure firm Costain to investigate the feasibility of blending hydrogen into the gas supply for industrial and commercial gas customers.
TWP submits offshore scoping report for Aberdeenshire Bowdun wind farm
Thistle Wind Partners (TWP) has submitted the offshore scoping report for its 1GW Bowdun Offshore Wind Farm off the coast of Aberdeenshire to Scotland’s Marine Directorate.
North Sea must ‘look beyond’ windfall tax to be ‘open for business’
UK energy minister Michael Shanks has urged North Sea investors to "look beyond" the government's proposed windfall tax, despite warnings the oil and gas sector is "under threat".
Leonardo AW139 helicopters join North Sea search and rescue fleet
Offshore Helicopter Services UK (OHSUK) has taken two bespoke multi-million-pound Leonardo AW139 helicopters for the offshore energy sector Search and Rescue (SAR) fleet.
BP UK boss warns against North Sea ‘cliffhanger’ ahead of budget
60 years to the day since BP got its first licence to operate in the North Sea, Doris Reiter warns the 'basin will lose out' on jobs, investment and the energy transition unless government and industry get on the same page on taxes.
Aberdeen’s Zenith Energy wins ‘world-class’ well support deal with Predator in Morocco
Predator Oil and Gas (LON: PRD) has appointed Aberdeen-based well management specialist Zenith Energy for a project in Morocco.
North Sea energy choice: face ‘premature end’ or be ‘shining example’
Industry and policy makers have a choice, either the UK North Sea faces a "premature end" or it could be a " shining example of how to transition an oil and gas province into a clean energy super basin".