OEUK: Labour windfall tax plan would ‘wipe out’ North Sea investment
OEUK claims up to 42,000 jobs would be lost under Labour's plans, which would see North Sea firms turn off investment taps.
Oil & Gas
EPL ‘betrayal’, rig mishaps and a win for BP
Keir Starmer was up in Aberdeen recently but did he listen to the industry?
Exxon Mobil to exit Equatorial Guinea after nearly three decades
Exxon Mobil plans to leave Equatorial Guinea within months, marking an end to almost three decades of oil drilling that transformed the small West African nation into an OPEC member.
Exxon asks traders in Brussels to move to London amid expansion
Exxon Mobil asked traders in Brussels to relocate to London, people familiar with the matter said, as the oil giant continues to reorganize its growing trading business.
Diamond picks up new work with Serica, BP
Diamond Offshore Drilling announced a brace of contract wins, including work for Serica in the North Sea and a BP subsidiary in the Gulf of Mexico.
2024: a busy start for oil and gas regulatory developments
It’s been a busy start to 2024 in UK oil and gas regulation, with two areas of interest reaching different stages of the legislative process.
Brimmond’s crane solution for decom sector’s weighty issue
Following a £750K investment, Brimmond now boasts one of the largest rental fleets of high-capacity marine cranes in the UK.
Equinor targets US, UK and Brazil for cash flow growth
“But most of the cash flow increase is coming from improvements in the quality of the portfolio. We're shifting from mature legacy assets to next generation assets.”
Trident halts drilling as Island Innovator BOP fails
The partners have decided to defer the drilling programme offshore Equatorial Guinea, until they can find another rig and drilling contractor.
‘This feels like a betrayal’: Labour plans ‘proper windfall tax’ on oil and gas industry
Labour will introduce a “proper windfall tax” on the oil and gas industry if it comes to power at the election, including a rate increase and cutting investment allowances.
Mairi McAllan named Scottish energy secretary
SNP rising star Mairi McAllan has been named Scotland’s new energy secretary following a reshuffle brought on by Michael Matheson’s resignation on Thursday.
Saudi plans eVTOL flights to ‘The Rig’ theme park
Tourists will be travelling in style to a giant oil rig theme park planned off the coast of Saudi Arabia.
Transocean rig goes five miles adrift in storm
Transocean Encourage rig drifts for 9km in Norwegian Sea during Storm Ingunn
‘Extremely worrying’: HSE seeing North Sea operators moving backwards on maintenance
Watchdog also warned operators they "cannot contract out" their legal HSE obligations.
Worley workers at Sullom Voe to pursue strike action
Workers employed by contractor Worley at the Sullom Voe terminal on Shetland have voted to pursue industrial action in an escalating dispute over pay.
VNG inks Germany’s first deal with Algeria for pipeline gas
The Leipzig-based company, controlled by EnBW Baden-Wuerttemberg AG, is the first German gas trader to reach such an agreement with the North African country, said the people who asked not to be named as the business is private.
Shelf Drilling announces leadership shake-up
Shelf Drilling has announced a revamped roster of executives and board appointments, with Greg O’Brien set to step up to chief executive later this year.
Big Oil’s blockbuster $114 billion investor payout is largest ever
Oil supermajors returned more cash to shareholders than ever before last year as management teams reined in spending on new projects to free up cash for dividends and buybacks. There may be more to come.
Oil and the general election: the ‘banners’ vs the ‘mandaters’
We are now approaching the run-in to a General Election, possibly short and probably long. Either way, we will be heading for the polls later this year, clutching our photo identification.
Bristow helicopter crews gear up for industrial action
Bristow helicopter crews have “overwhelmingly voted in favour of industrial action,” the British Airline Pilots’ Association (BALPA) has confirmed.
Unite hails recognition deal on Equinor’s Mariner platforms
Unite has welcomed a new agreement with Equinor that sees recognition for dozens of its members working at the Mariner field.
Aberdeen’s OEG revenues up 35% after year of renewables-focused acquisitions
OEG achieves "milestone" goal of even split in revenues between renewables and offshore oil and gas
Sullom Voe Terminal to be connected to the grid by the end of next year
Terminal operator EnQuest gave an update on its plans during an industry workshop in Shetland on Wednesday
TotalEnergies “completely optimistic” on Namibian drilling
“We will continue to drill … because everybody is excited. We have another exploration potential well on the south of Venus and we continue to appraise what has been discovered.”
Sulmara signs global tie-up with Greece’s Asso.subsea
Sulmara has signed a new agreement with Asso.subsea which will see the pair cooperate on global cable installation projects.