Centrica boosted CEO pay as families struggled with energy debt
The Chief Executive of Centrica Plc (LON:CNA) got a bumper pay raise last year while millions of households across the country struggled with energy debt.
Oil & Gas
Tough decisions needed to balance UK energy security and net zero
Getting to net zero, producing oil and gas from the North Sea as we transition, and ensuring economic benefits for the UK don’t make an obvious trinity, and we are well aware of tensions.
Operators voice investment doubts as NSTA emissions plan published
The North Sea Transition Authority (NSTA) has pushed ahead with plans to require developers to electrify their oil and gas assets, with operators voicing concern it could drive away investment.
Northern Lights seen from North Sea oil rig
Stunning pictures of the Northern Lights have been captured from a North Sea oil rig by a lucky roughneck off the coast of Aberdeen.
North Sea project approvals for 2024 might already be over
"We might not even see any further approvals this year" amid regulator pressure and tax uncertainties.
Wood CEO denies job cut claims as firm targets continued growth
Wood Group (LON:WG) chief executive officer Ken Gilmartin hosed down media reports of potential job cuts as the firm seeks to continue its growth strategy.
Environmental campaigners question 200,000 North Sea jobs figure
As the House of Lords prepares to debate the UK government's Offshore Petroleum Licensing (OPL) bill today, environmental campaigners are calling into question the government's use of figures showing the North Sea oil and gas industry supports 200,000 jobs.
Wood Group announces cost cutting drive as it continues growth strategy
Aberdeen-headquartered engineering firm Wood Group (LON:WG) has announced a cost cutting drive as the company seeks to deliver annual savings of $60 million from 2025.
Falling confidence puts £450bn of UK North Sea growth at risk, report warns
“If we get things right here, we can compete internationally,” says OEUK marketing intelligence manager Ross Dornan.
Industry points to Tier 1 contractors as delayed payment culprits
A major industry report has placed the brunt of blame for delayed payments in the North Sea upon Tier 1 contractor companies.
Oilfield services giant SLB has no plans to exit Russia
Oilfield services giant SLB (NYSE: SLB) has no plans to exit Russia, its CEO has said, two years after Moscow’s invasion of Ukraine.
Controversial NSTA plan due to be published
A controversial plan, which North Sea operators have warned will see platforms being shut down early, will be published later this week.
Verlume and SeaTwirl team up to electrify oil and gas assets
Aberdeen-based energy storage specialist Verlume has teamed up with Swedish vertical-axis wind turbine developer SeaTwirl to electrify offshore oil and gas assets and decarbonise the oil and gas industry.
African Energy Chamber to visit Gabon after fatal Perenco fire as one worker still missing
An offshore worker remains missing following a fatal fire on a Perenco-operated oil platform which killed five people in Gabon.
Waste firm adds city jobs with £300,000 Port of Aberdeen contract
The company said it marks a "significant milestone" towards its carbon reduction plans.
Aberdeen’s Well-Safe Solutions appoints first chief financial officer
Aberdeen-headquartered well decommissioning firm Well-Safe Solutions has appointed Alan McQuade as the company's first ever chief financial officer.
Scottish renewable energy jobs grew 70%, research suggests
Analysis from Global Witness shows Scotland’s renewable energy jobs grew 70% between 2015 and 2022, according to latest Office of National Statistics (ONS) estimates.
Exclusive: IADC to team up with RGU to survey North Sea mental health
“I think we’re definitely across the start line but we've still got a pretty good race to run,” IADC's North Sea boss says
Still Wakes the Deep: North Sea video game to release on 18 June
Still Wakes the Deep, a first-person ‘otherworldly horror’ video game set on a North Sea oil platform, will release on 18 June this year.
Petrogas mulls takeover of Spirit Energy hub for new UK gas project
Petrogas is weighing options for two new UK North Sea gas projects – including taking over an old Spirit Energy hub.
Aberdeen engineering firm KCI transferred to employee ownership trust
Aberdeen-headquartered engineering firm Kinetics Controls and Innovation Ltd (KCI) will transfer 100% of its shares to an Employee Ownership Trust (EOT).
Proserv CEO calls on industry partners to support mental health challenge
CEO of global controls technology company Proserv Davis Larssen has called on fellow energy sector partners and stakeholders to support his team’s mental health charity initiative.
Study casts doubts on ecological benefits of decommissioned offshore structures
New research suggests that decommissioned offshore structures would provide only limited long-term ecological benefits for marine life.
Production restarted at Denmark’s Tyra hub
The Tyra offshore gas hub in the Danish North Sea has restarted production following a period of redevelopment.
Repsol plans to dish out more than €700m in contract this year
Repsol Resources UK has shared that it will offer up work valued at over €700 million (£599.43 m) over the course of 2024.