Yousaf: SNP will oppose Labour’s controversial oil and gas windfall tax plan
SNP leader Humza Yousaf is set to insist his party will strongly oppose Labour’s controversial plans to increase the windfall tax on oil and gas firms.
Oil & Gas
Storm Otto: Investigators find flight recorder issues in Elgin heli incident
Air accident investigators have discovered issues with a flight recorder on board a helicopter whose blades were ripped off while parked offshore during high winds last year.
OEUK to hold ‘crisis talks’ over Labour windfall tax proposals
Trade body Offshore Energies UK (OEUK) will hold “emergency summits” with operators and the supply chain this week over proposals unveiled by Labour to extend the windfall tax if elected.
Tower readies for crunch time as Cameroon well looms
Tower Resources is nearing the point where it will begin drilling in Cameroon, but the company has other opportunities it is also pursuing, chairman and CEO Jeremy Asher has highlighted.
Keir Starmer plays up transition potential after North Sea windfall tax threat
Sir Keir Starmer attempted to calm fears from the North Sea oil and gas industry as he addressed the Scottish Labour faithful on Sunday.
ConocoPhillips exceed working hours rules as SLB strikes continue at Ekofisk
Workers at the ConocoPhillips Ekofisk J platform in the Norwegian North Sea were found to be in breach of the working hours provisions.
Anas Sarwar comes out swinging in favour of Labour windfall tax
The Scottish Labour leader insisted in his conference speech that the move is vital due to energy firms making huge profits as he strongly criticised the SNP.
SFO charges former Petrofac execs with UAE bribery
Chedid and Salibi are due to appear in Westminster Magistrates’ Court on February 19, 2024 to hear the charges.
Gabon commits to Assala deal, Maurel calls it quits
Gabon Oil Co. (GOC) has sealed the acquisition of Assala Energy, with Maurel et Prom acknowledging defeat.
Eni profit matches estimates, gas offsets refining weakness
Eni's fourth-quarter profit matched estimates as its natural gas business helped to offset weakness in refining and chemicals.
Valaris lands UK contracts with Shell, Harbour, TotalEnergies and Ithaca
Valaris has revealed a number of contracts in UK waters in its latest fleet status report as it boasts a $3.9 billion backlog.
Aberdeen business leaders write to Keir Starmer warning against oil and gas windfall tax plans
More than 700 concerned voices, including Aberdeen business tycoon Sir Ian Wood, have signed the letter demanding a U-turn.
Unions liken EPL job loss impact to 1980s miners’ strikes
“There are more and more comparisons to be drawn” between the large-scale miner's strikes of the 1980s and the effects of Labour’s windfall tax hike, unions say.
Aberdeenshire childcare closures to drive women out of energy sector
“We cannot afford to lose even 50 women from the energy industry” AXIS Network said following Aberdeenshire Council’s plan to end all out-of-school care.
Trafigura faces Mongolia oil loss in new blow for trading giant
Trafigura Group is facing sizable losses related to its oil activities in Mongolia, according to people familiar with the matter, in a fresh blow for the company that has risen to become one of the world’s top commodity traders.
Dolphin takes on Transocean rigs amid “strong interest” in North Sea
Dolphin Drilling announced the official transfer of two Transocean rigs bought last year as it looks to meet rising demand in the UK North Sea.
Investigators: Pilots lost control of helicopter for 40 seconds after take-off from North Sea rig
Pilots flying from an oil rig in the North Sea lost control of the helicopter for 40 seconds, air accident investigators have found.
Spirit profits steady despite Centrica run-off plans
Centrica saw a dip in full-year earnings, while those of its North Sea producer Spirit Energy held in line with 2022 as higher gas prices offset declining output.
Wood confirms 22 jobs to be cut in Aberdeen
The majority of the energy service giants employees are based in the Granite City.
Eni extends Cronos find, fuelling fast-track plans
Eni has reported success at the Cronos-2 well offshore Cyprus, noting “excellent gas deliverability capacity” at the find.
‘Impossible to electrify’?: EnQuest pushes on with gas solution to decarbonise Kraken
EnQuest (LON: ENQ) said Thursday it will push on with plans to slash emissions at its Kraken FPSO using gas from a new tie-back to the Bressay oilfield.
Babcock CEO David Lockwood joins board of Wood
David Lockwood, the CEO of engineering giant Babcock is to join the board of Aberdeen-headquartered Wood Plc (LON: WG).
North Sea in ‘last year of major spending’ as Labour windfall tax beckons
20,000 job losses predicted as “best case scenario” under Labour plans.
Europe coming to terms with LNG, Shell says, but still short
“Two or three years ago all you would hear about [from policymakers] was decarbonisation. Now, I think there’s much more balanced conversation around security of supply, affordability and decarbonisation,” Hill said.
Taqa doubles earnings but ageing UK assets drive production slide
Emirati energy and utilities giant Taqa reported bumper profits for 2023 from its new stake in Adnoc Gas, but decline from North Sea assets prompted a 7% slide in production.