Buchan start date pushed back as general election called
Jersey Oil and Gas (LON:JOG), a partner in the Buchan project, has confirmed that first oil will now come in 2027 following the call for a UK general election.
Oil & Gas
Integrity HSE expands as it completes first acquisition
Consultancy firm Integrity HSE has made its first acquisition 14 months after opening its doors.
Sarwar reveals more details on GB Energy and pledges “hundreds of millions” for Grangemouth
A debate of Scottish political leaders ahead of the UK General Election on 4 July revealed more details about the parties' energy policy, including a proposed state-owned energy firm.
Update: Petrofac shares weak after trading resumes
Shares in debt-laden oil and gas services company Petrofac (LON: PFC) have fallen to new lows since they resumed trading after a month-long suspension.
UK vs Norway oil policy ‘a tale of two halves’ says Vysus CEO
Norway and the UK are titans of North Sea oil production, however, policy across the two nations tells a “tale of two halves,” said Vysus CEO Thomas Aas Saethre.
Shell releases decommissioning contract bonanza
Shell (LON:SHEL) has put multiple contracts out to tender as it looks to decommission several of its North Sea projects.
Rising emissions levels is no laughing matter
About ten years ago the writer and New Yorker magazine cartoonist Tom Toro published his now famous cartoon showing three children and an adult around a campfire in the middle of a desert with the caption “Yes, the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders.”
European gas surges 13% as Norway fault exposes supply fragility
European natural gas prices surged to the highest this year after flows from Norway slumped, highlighting the risk of relying too much on one major supplier.
Proserv gears up for 600-mile cycling challenge to raise £100,000 for charity
Aberdeen-headquartered controls technology company Proserv will begin a six-day charity cycle ride from Aberdeen to Great Yarmouth, 600 Miles for Minds, on 7 June.
Deltic has little over a week to sell off Pensacola share
Deltic Energy (AIM: DELT) has been granted an extension to progress discussions with potential buyers of its share in the UK’s Pensacola project.
‘We’ve got to let our actions talk’ when it comes to cutting emissions, says NSTA boss
The UK oil and gas industry remains of huge importance to the economy, even though it's massively depleted after almost 50 years of oil and approaching 60 years of gas production.
Workers left thousands short as OEM Group Scotland goes into administration
Aberdeen-based oilfield services firm OEM Group Scotland has let go of many of its employees as it goes into administration.
Petrofac takes $505 million full-year loss in 2023
Debt-laden Petrofac (LON: PFC) has reported a $505 million net loss in its delayed full-year financial results for 2023, with the company looking to sell some of its non-core assets to provide fresh capital.
Reabold blames “political instability” for West Newton delays
Reabold Resources has blamed “political instability in the UK” for delays at its West Newton gas development.
Poll: Scottish people back Aberdeen as home for GB Energy
People across Scotland have backed Aberdeen as the headquarters for GB Energy, the Labour Party’s proposed publicly-owned energy company, according to new figures released by advisory firm True North.
Wheels spinning on UK drilling as Norway races ahead
Well Slot is a monthly feature where Westwood’s Stephen Coomber looks at drilling activity and rig moves in UK and Norwegian waters.
General election is perfect opportunity to address IR35 tax rules
The upcoming general election is an opportunity to address flaws with off-payroll tax rules which "offshore contract workers have been hit hard by," Qdos said.
North Sea experts back ‘100 days to save North Sea jobs’ report
Investment bank analyst says energy profits levy is 'tax on certainty, a tax on confidence' as industry faces 'cliff-edge'.
Eni ranked most-admired explorer in Wood Mackenzie poll
Italian major Eni has been named the upstream industry’s most-admired explorer in Wood Mackenzie’s industry-leading annual Exploration Survey.
Vysus ‘anchored in Aberdeen’ says new CEO as he commits to the north-east
“The Vysus story is anchored in Aberdeen,” the firm’s incoming boss Thomas Aas Saethre said as he committed to the north-east of Scotland.
Viaro Energy in talks to buy Exxon, Shell North Sea assets
Independent energy producer Viaro Energy is reportedly nearing a deal to buy Shell and ExxonMobil’s jointly-owned gas fields in the southern North Sea.
New pictures reveal destruction of golden-glazed Aberdeen Shell HQ as demolition ramps up
The latest images show how the iconic frontage of Shell's Tullos HQ has been dismantled.
Update: ConocoPhillips agrees to buy Marathon Oil, FT reports
ConocoPhillips has agreed to buy Marathon Oil (NYSE:MRO) in a $17 billion all-stock deal.
Sumitomo backs UK Oil & Gas hydrogen storage plans
Fresh from putting shovels in the ground on a £350 million cable factory in Scotland, Japanese conglomerate Sumitomo has backed plans to develop hydrogen storage capacity with UK Oil & Gas in Dorset and Yorkshire.
Longboat warns of risk to Japanese joint venture
Longboat Energy (LON: LBE) has warned it risks forfeiting its share in a joint venture with Japan Petroleum Exploration Co (JAPEX) due to "disappointing" production from its Norwegian assets.