Former BP chief Bernard Looney joins board of ADNOC subsidiary XRG
Former BP chief executive Bernard Looney has been appointed to the board of Abu Dhabi energy firm XRG in his first role in the energy sector since leaving the oil major.
Oil & Gas
Software pioneer harnesses AI to usher in new era for risk assessment
Salus Technical launches Copilots: an AI service designed to enhance safety standards via higher quality, more efficient and consistent risk assessments
Orcadian farms out 50% stake in North Sea assets
North Sea operator Orcadian (AIM:ORCA) has agreed to farm out a 50% stake in a sub-area of its Earlham and Orwell developments to Marine Low Carbon Power Company (MLCP).
Serica snaps up Parkmead North Sea assets for £14m
The "great" deal for Serica marks the end of Parkmead's long North Sea run
Canada’s Connaught sells out of UK gas field to bullish Reabold
Reabold Resources (AIM:RBD) has bought out its partner in Rathlin Energy, the operator of an onshore gas development in East Yorkshire.
Aberdeenshire’s Stats Group opens up in Saudi Arabia
Stats Group has invested six figures in a new base in Saudi Arabia, marking a strategic milestone in the company's global growth.
UK underwater industry grew by £1.2bn in 2024
The UK’s underwater industry rose in value by £1.2 billion over the last year, growing from £8bn to £9.2bn, the Global Underwater Hub (GUH) has revealed.
BP loses offshore wind vice president after reducing investment
BP’s senior vice president for offshore wind, Matthias Bausenwein, will depart the oil and gas company following a carve-out of its offshore wind operations.
Shell and Greenpeace settle lawsuit over Penguins North Sea protest
Shell and Greenpeace UK have agreed to settle a multimillion-dollar lawsuit brought by the oil major in response to activists boarding a vessel as part of a protest in 2023.
Star Capital backs Aberdeen-based STR in multi-million pound deal
Private equity firm Star Capital has taken a majority stake in Aberdeen-based Subsea Technology and Rentals (STR) in a multi-million pound deal.
Centrica decommissions platform at UK’s largest gas storage facility Rough
Decommissioning of a disused platform at the UK's largest gas storage facility, run by Centrica at the depleted Rough gas field off the Yorkshire coast, suggests there's no turning back from plans to redevelop the field to store hydrogen.
JCE Energy installs solar power system on Norwegian platform
Aberdeen-based JCE Energy has provided Aker BP with a modular solar system to provide power during construction of an unmanned installation (UI).
BP carves out offshore wind assets
BP plans to carve out its offshore wind assets as part of a joint venture with Japan’s largest power generation company, as oil supermajors move to insulate themselves from share price shocks associated with their low-carbon investments.
UK court dismisses case against Viaro over North Sea decom dispute
A UK court has dismissed a case against a subsidiary of North Sea oil producer Viaro Energy relating to decommissioning costs for the Brae field.
HSE serves prohibition notice on Repsol over North Sea rig safety concerns
The Fulmar A platform, operated by Repsol, has been served with a prohibition notice by the Health and Safety Executive (HSE).
Power Moves: NSMP’s CEO steps down and more
Sayma Cox has stepped down as CEO of Aberdeen-based North Sea Midstream Partners (NSMP).
Equinor aims to ease worker ‘uncertainty’ after Shell JV
Equinor (OSLO: EQNR) chief executive Anders Opedal acknowledged the uncertain times facing its UK-based staff following the surprise announcement of a joint venture with Shell (LON: SHEL).
Aberdeen’s Marex delivers marine emergency response plan in Qatar
Aberdeen risk management firm Marex has successfully completed its first major project in Qatar on how to respond to a major marine emergency.
Regulator hails ‘relentless’ £300m investment in North Sea tech
A vibrating hammer that clears stuck objects from wellbores; a “storm choke” for reactivating shut-in wells; an energy “pod” which delivers power to smaller, unmanned platforms with wind, solar and battery storage.
New Equinor tie up marks end of Shell as North Sea operator
A deal to pool the North Sea oil and gas of Norway’s Equinor (OSLO: EQNR) and Shell (LON: SHEL) marks a significant and historic transformation of the basin.
Wood signs trio of new agreements with old customer BP
Energy services firm Wood (LON:WG) confirmed is has won three new contracts with BP (LON:BP), extending a decades-long relationship between the two firms.
Equinor and Shell join forces to form ‘UK North Sea’s biggest independent producer’
European supermajors Equinor (OSLO: EQNR) and Shell (LON:SHEL) are set to combine their UK offshore oil and gas assets to form the UK's largest oil and gas operator.
After brief stint of production Triton FPSO shuts down again
Dana Petroleum's Triton FPSO has shut down production again after "a limited resumption of production" last week.
Bank giant ING optimistic about investment ‘greeniums’ next year
Sustainable finance could deliver a premium as banks retrench from fossil fuels: ING expects greater clarity on energy transition finance next year.
Drax CFO to retire and ‘spend more time with my family’
Andy Skelton, CFO of Drax (LON: DRX), has announced that he will retire after his firm finds his replacement.