Harbour Energy: UK tax regime wipes $500m from North Sea giant’s earnings
However, the firm still managed to return hundreds of millions to shareholders.
Oil & Gas
Starmer must beware the ghost of Thatcher
The 1984-85 miners’ strike has once again hit the headlines, despite ending 40 years ago.
A life-or-death matter: managing decom hazards
Offshore decommissioning projects are increasing. Latest figures from the North Sea Transition Authority reveal the UK’s offshore oil and gas industry spent £1.6 billion on decommissioning in 2022 – its highest annual total – with £21 billion of spending on decommissioning forecast for the next decade.
A close shave? HSE warns Stork of risk to bearded painters
Offshore painters could be at risk of breaching health and safety rules due to their beards, the watchdog has warned.
Red-faced Tory leader Douglas Ross hung out to dry as windfall tax extension announced
The Scottish Tory leader 'fought as hard as he could' against the extension of the levy - but it fell on deaf ears.
‘Disappointing blow’: Jeremy Hunt extends North Sea windfall tax by another year
Brindex, the association of independent North Sea producers, say loss of British jobs will be "inevitable result".
Tullow Oil reports surprise loss as CEO sees growth ahead
Tullow Oil reported a surprise loss after writing down the value of reserves off West Africa as the company looks to boost growth.
Scottish Conservative leader Douglas Ross calls on Chancellor not to extend windfall tax
Tory leaders reportedly feared Douglas Ross would resign in protest over rumoured windfall tax measures
Harland & Wolff wins subsea work at Arnish
Harland & Wolff has secured a fabrication contract supporting a major oil services firm on global subsea projects from its yard at Arnish.
Highland energy boss who stood as SNP Westminster candidate quits party for Alba
A Highland energy boss who was one of the driving forces behind the Cromarty Firth green freeport bid has quit the SNP and joined Alba.
‘We will carry this loss with us always’: Bristow reflects on Norway heli tragedy
Bristow bosses expressed their ‘heartfelt condolences’ in the wake of a fatal accident involving a Norwegian search and rescue helicopter last week.
Project management software undergoes transformation to better enable companies to manage multi-well campaigns
The Oil & Gas industry is anything but stagnant. In such an ever-evolving industry, it is imperative that projects are managed efficiently and accurately across the board.
Labour windfall tax proposals: a summary
Earlier this month, Labour announced its revised green investment plan. While the wider media focus has been on the reduction of the previous £28bn annual target, the announcement also contained potentially significant proposals regarding the taxation of UK upstream oil and gas.
‘A tough sell’: Who would buy Gazprom’s UK North Sea business?
There maybe one or two takers, but, in the main, any deal would be rife with challenges.
Artificial intelligence set to play ‘crucial role’ in future energy systems
Artificial intelligence (AI) experts say the emerging technology will play a "crucial role" in future energy systems, emerging as a new frontier in the energy transition.
Russia’s oil and gas revenue jumped in February in budget boost
Russia’s oil and gas revenue jumped more than 80% in February from a year earlier to over $10 billion due to higher prices for the nation’s crude as its producers withstood Western sanctions.
VIDEO: MethaneSAT satellite launches into orbit in mission to monitor oil and gas emissions
A satellite aiming to monitor methane emissions from the oil and gas sector from space has reached orbit after a successful launch overnight.
Viaro Energy to explore using mini nuclear reactors to decarbonise offshore assets
Viaro Energy signs agreement with startup Newcleo to assess using nuclear power for existing and future North Sea assets
Regulator launches digital system for flaring and venting consents
The North Sea regulator has launched a new system for managing offshore flaring and venting paperwork, in a move it says will save time and reduce errors.
Aminex scales up gas hopes on seismic, eyes drilling plans
For now, the companies are waiting for a development licence. Aminex confirmed to Energy Voice that this “unlocks activity pertaining to the development of the field". This includes drilling production wells or well workovers.
Perenco brings on new production at Southern North Sea hub
Perenco has increased its SNS production by 20%.
UK North Sea acquisitions are Waldorf’s focus for 2024
Waldorf Production has outlined its goals for the coming financial year, including its UK M&A ambitions.
Petrofac: ‘Work continuing apace’ to stem share price collapse
"The paucity of actual detail will frustrate investors at the lack of concrete progress," said one analyst.
Russia’s Gazprom plans sale of UK North Sea business
Gazprom, the Russia state-owned energy firm, has announced plans to sell off its UK North Sea business.
North Sea firms keenly await Spring Budget clarity on windfall tax
Reports suggest Chancellor Jeremy Hunt is planning to extend the windfall tax on North Sea oil and gas firms.