Three Aberdeen oil company headquarters sell for £45m
The firm selling the trio of buildings said it wanted to "reduce its office exposure" in the UK.
Oil & Gas
Biden bans US offshore oil and gas drilling ahead of Trump’s return
Analysts say the ban will have little practical impact on US oil and gas production, but sends a "strong political signal" to other nations including the UK.
Dutch and Norwegians cashing in on wind and cable ship boom
2024 ended on a high at Concordia Damen, with the Dutch shipbuilding group reaching the roughly halfway stage in the design, build and delivery of two 550ft (167.5m) roll–on–roll–off wind turbine systems carriers for fellow Dutch company Amasus, with delivery of the first sister expected later this year (2025).
Wood offloads stake in Ethos Energy to US private equity firm
Wood completes $138m deal to offload its controlling stake in Aberdeen’s Ethos Energy after “disappointing” third quarter.
Power Moves: Kistos appoints CFO as Jersey board member retires
To close out 2024 Kistos (LON: KIST) announced that its deputy chief financial officer, James Thomson, had become the firm's CFO as of 1 January.
‘Cockpit warning’ forces Bristow helicopter to make emergency landing
A Bristow helicopter was forced to make an emergency landing at Aberdeen Airport as the region was hit by snowfall and a yellow weather warning.
Trump urges UK to ‘open up the North Sea’ and ‘get rid of windmills’
US President-elect Donald Trump said the UK is "making a very big mistake" in relation to its North Sea energy policies.
UK’s Star Energy ups stake in Croatian geothermal
UK oil and gas producer Star Energy Group (AIM:STAR) has acquired a further 20% of a company that owns three geothermal exploration licences in the "highly prospective" Pannonian Basin in Croatia.
Global Energy Group boss Roy MacGregor targets nuclear in 2025
Multi-millionaire boss of Global Energy Group (GEG), Roy MacGregor, is targeting new nuclear power contracts as the UK government pushes ahead with plans for a £20 billion investment in the Sizewell C project in Suffolk.
Former NSTA chairman awarded CBE
Tim Eggar, who retired following a five-year stint as North Sea Transition Authority (NSTA) chairman, has been awarded a CBE on the New Year Honours List.
Scottish Conservatives warn of ‘domestic energy trap’ over LNG
Conservative ministers in Scotland have warned of a potential “domestic energy trap” if the government’s green targets result in importing liquefied natural gas (LNG) from Qatar and the United States.
Living in Cloud Cuckoo Land: ‘Majority of countries have already turned their backs on coal power’
At COP29, which I regard as a failure, 25 countries and the European Union supposedly pledged to commit to no new “unabated” coal power in their next round of national climate plans.
Aberdeen lost 18,000 jobs amid oil turbulence as renewables ramp up
Aberdeen has lost 18,000 jobs since 2010, as the city is set to “continue to struggle,” reported EY.
Sir Jim Milne celebrates rise in profits for Aberdeen’s Balmoral Group
Boss Sir Jim has plenty reasons to celebrate this year, including acquiring Aberdeen's iconic Marcliffe Hotel.
The Centrica Interview: Chris O’Shea, chief executive officer
In our exclusive interview, Centrica boss Chris O’Shea discusses his green ambitions for Britain's multinational energy company.
Dolphin Drilling awarded $100m in Nigeria court case
North Sea drilling rig operator Dolphin Drilling (OSLO:DDRIL) has secured a "positive outcome" in its arbitration case against General Hydrocarbons Ltd in Nigeria.
TotalEnergies spudded Culzean well to close out 2024
Well Slot is a monthly feature where Westwood’s Stephen Coomber looks at drilling activity and rig moves in UK and Norwegian waters
Red Zone monitoring on offshore rigs: a sea change in safety and collaboration
2024 has been a transformative year for offshore oil and gas safety, with Red Zone monitoring becoming a cornerstone of operational best practices.
Leading environmental and social sustainability efforts in the energy sector
Although the global energy sector has seen significant steps forward in the energy transition within the past few years, there is still a long way to go to meet key net zero goals across renewables and the traditional oil and gas market.
Centrica prepared to ‘walk away’ from Sizewell C
British energy supplier Centrica is prepared to “walk away” from a planned investment in the Sizewell C nuclear plant, according to its chief executive.
Petrofac reaches binding agreement with creditors on financial restructure
North Sea energy services firm Petrofac has entered into a binding agreement with key financial creditors on the terms of a comprehensive financial restructuring plan.
Montrose joins list of Repsol assets to stop production
Repsol has confirmed it is carrying out maintenance at its Montrose platform as the asset joins the operator's list of projects to stop production.
Engie plans green gas plant in Yorkshire to reduce ‘reliance’ on imports
French energy supplier Engie plans to develop a 'green' gas plant in North Yorkshire that will play a role in “reducing reliance on imported natural gas”.
Aberdeen’s READ Cased Hole acquired by Norwegian investors in multi-million pound deal
Aberdeen-headquartered well integrity services firm READ has been acquired by a group of Norwegian investors in a multi-million pound deal.
Power Moves: New board member at Port of Aberdeen and more
Gillian King has become a non-executive board member at the Port of Aberdeen, effective 6 January 2025.