Production restarts at Pierce field after six-month outage
Ithaca Energy (LON: ITH) has said that production has resumed at the Pierce field after a six-month production halt.
Oil & Gas
Exxon investor sued for climate proposal promises to back off
The ExxonMobil investor that the oil giant is suing for its climate-related shareholder proposal is promising not to file similar motions in the future in a bid to get the legal action dropped.
Ithaca appoints new CEO amid board and management shake-up
Ithaca Energy (LON: ITH) has proposed appointing Luciano Vasques as its new chief executive officer.
North Sea could produce another 5bn barrels – but only if it cuts carbon
The North Sea basin could produce another 5 billion barrels of oil and gas - but only if it can strip carbon pollution from its operations, the industry regulator has warned.
Next government has “100 days to save 100,000 North Sea jobs,” report warns
New research has warned that the next UK government will have just 100 days to restore confidence to the North Sea energy sector and save 100,000 jobs.
Subsea7 to supply Serica Energy with Belinda pipeline
Serica Energy (AIM: SQZ) has awarded Subsea7 a “sizeable” contract to supply a pipeline for the company’s Belinda field development south-east of the Triton FPSO.
Aramco aims to deepen UK ties at Energy Exports Conference
The European arm of Saudi national oil company Aramco is aiming to deepen UK supply chain ties at the Energy Exports Conference in Aberdeen next month.
Ofgem confirms 7% energy price cap cut
Ofgem has confirmed that that it will lower the energy price cap for domestic energy bills by 7% from 1 July to 30 September 2024 compared to the previous quarter.
National Grid plan to sell Grain LNG ‘undermines UK energy security’
National Grid’s plan to sell its Grain LNG terminal has sparked concerns among some industry participants, with union UNISON flagging the risks raised by the divestment of an asset of strategic national interest.
RenewableUK, OEUK announce ‘energy skills passport’ prototype
Bodies from the oil, gas and offshore wind industry have reached an agreement to trial an ‘energy skills passport’ that will allow cross-sector recognition of industry training and expertise, according to a joint statement released by RenewableUK and OEUK.
Decom Mission survey reveals frustration rife in decommissioning sector
A survey conducted by decommissioning trade organisation Decom Mission has revealed widespread frustration with regulators among several supply chain concerns.
Tories and Labour clash on energy policy as they battle for power
The Tories and Labour clashed on energy policy as the General Election campaign focused on the prospect of cheaper household bills.
Aberdeen’s Wood Group rejects third Sidara takeover bid
Aberdeen-headquartered engineering services firm Wood Group (LON:WG) has rejected a third improved takeover bid from Dubai-based Sidara.
Updated: Starmer calls for Scottish voters to help Labour’s path to power
Keir Starmer put Scottish voters at the heart of his campaign to become prime minister, urging them to vote for his opposition Labour Party to end the Conservative Party’s 14-year grip on UK power.
General election outcome ‘will be felt for decades to come’
The UK government has announced a date for the upcoming general election, with the energy sector set to become a battleground for debate.
px Group plans growth with green hydrogen pioneer in Norway
UK gas infrastructure manager px Group has boosted its hydrogen credentials by confirming a partnership with a pioneering production plant developer in Norway.
UAE’s Adnoc to buy Galp’s stake in Mozambique LNG project
The United Arab Emirates’ main oil company agreed to buy a 10% stake in a natural gas project in Mozambique, its second major deal this week as it seeks to expand the business globally.
Democrats send Big Oil investigation to US Justice Department
Democrats are asking the US Department of Justice to investigate major oil companies and their trade groups following a congressional probe that concluded the industry spent decades deceiving the public about climate change.
Exxon suit targeting activist climate proposals moves ahead
Exxon Mobil Corp. (NYSE:XOM) can proceed with its lawsuit against Arjuna Capital even after the activist investor group withdrew a shareholder proposal the company opposed, a federal judge ruled.
John Hess personally calls investors to support Chevron deal before vote
John Hess, the boss of the oil company that bears his family name, is talking to directly with shareholders in a last-ditch effort to ensure enough support for a $53 billion takeover by Chevron Corp. (NYSE:CVX), according to people familiar with the matter.
Growth in mind as Aker Solutions unveils consultancy rebrand
Aker Solutions’ consultancy has announced a name change as it laid out plans to double its revenues and headcount by the end of the decade.
HSE warns ballast management flaws on Ithaca’s FPF1 put workers at serious risk
The Health and Safety Executive (HSE) has warned Ithaca Energy (LON: ITH) that flaws with how it manages the ballast systems on its FPF1 installation put workers “at the risk of serious personal injury or death”.
Equinor exercises eight well drilling option with Deepsea Aberdeen rig
Norwegian operator Equinor has exercised an option to drill a further eight wells in the North Sea with the Deepsea Aberdeen rig.
Orcadian Energy finds farm-in partner for North Sea Earlham discovery
Orcadian Energy (AIM:ORCA) has agreed a provisional farm-in deal with an undisclosed partner on a licence containing the Earlham discovery in the Southern North Sea (SNS).
Russian oil flows tick up as Moscow pivots from export curbs
Russia’s crude exports edged higher in the week to May 19, as Moscow prepares to replace a ceiling on overseas shipments with a production limit favored by its OPEC+ partners.