Greta Thunberg trial begins for conference blockade
"They spend millions lobbying our politicians to double down on unaffordable and dirty fuels, locking us into a future of struggle. Their profit is our loss.”
Oil & Gas
Eni completes $4.9bn acquisition of Neptune Energy
Italian oil giant Eni (BIT: ENI) has completed its multibillion-dollar takeover of North Sea operator Neptune Energy.
Who won? A look at the latest North Sea licences being dished out by NSTA
The second tranche of the 33rd offshore licensing round sees 17 companies awarded North Sea licences
UK oil and gas regulator issues dozens more North Sea licences
The UK oil and gas regulator has issued 24 new North Sea exploration licences as part of its latest Licensing Round, with oil majors Shell, BP and TotalEnergies among the winners.
Total strikes for OMV’s Malaysian unit in $900mn move
“This agreement streamlines our Energy portfolio and is in line with the OMV Strategy 2030 of reducing oil and gas production over time,” said OMV CEO Alfred Stern.
Apache boss grills politicians on North Sea windfall tax
“What are you doing about the Energy Profits Levy? Because clearly that’s driving out investment here in the UK.”
Saudi Arabia eyes reviving multibillion dollar Aramco share sale
Saudi Arabia is considering plans to revive a follow-on offering in Aramco as soon as February, in a multibillion-dollar deal that’s likely to rank among the biggest share sales in recent years, according to people familiar with the matter.
CNOOC warned by HSE over lack of inspections at Buzzard
The UK safety regulator has warned CNOOC over its inspection routines for process equipment on board the North Sea’s Buzzard platform.
McDermott wins big with Qatari offshore work
“By awarding these contracts, we are taking an important step towards realising the full potential of Al-Shaheen field, which produces around half of Qatar’s crude oil today,” said Minister of State for Energy Affairs, and CEO of QE, Saad Sherida Al-Kaabi.
Hartshead Resources agrees ‘financing backstop’ for Anning and Somerville gas field developments
Hartshead Resources (ASX:HHR) has announced a deal for a 'financing backstop' worth A$800 million (£415m) to progress the first phase of the Anning and Somerville developments in the North Sea
Conrad, Coro delay Mako FID as costs rise
The Australian listed company said it had made progress on the project during the last few months, with total costs now estimated to be $325 million. Costs to reach first production are $250mn. Previously, it had forecast total costs to be $303mn.
Pipeline giant Enbridge plans to cut 6% of staff
Enbridge plans to cut its workforce by about 6% as one of the world’s largest oil pipeline operators faces steep economic headwinds.
Aberdeen drilling firm vows to take HMRC case to Supreme Court
Legal expert says case has "far-reaching" implications and "would obviously benefit from a review by the highest court".
Aramco cut hits service companies where it hurts
Aramco’s move to cut investments was, Baker Hughes' Simonelli said, a “temporary aspect”.
Saudi oil capacity U-turn shows threat from rival supply
Saudi Arabia’s reversal of plans to bolster its oil production capacity has raised questions about the future of demand, but it points to another long-running risk to the kingdom’s energy petroleum revenue — rival suppliers.
Aramco cuts oil production target signalling $5bn capex cut
Citing talks with Aramco this morning, Borkhataria said projects that had reached a final investment decision (FID) would continue as planned.
BP, Equinor, Orsted and more lined up for OEUK supplier event
A host of major North Sea operators and contractors are set to meet with suppliers and present new project opportunities at March’s Share Fair event in Aberdeen.
Saipem’s Castorone chalks up second accident in a month
The union went on to say Saipem's Castorone would have to return to Broome and probably be down manned.
Wood secured $850 million in Middle East contract throughout 2023
Aberdeen-based consulting and engineering firm Wood has announced that it secured $850 million in Middle East contracts throughout 2023.
Seatrium warns of “significantly higher” loss for year
The result is that Seatrium has warned it faces “financial loss that is significantly higher than the previous year”.
Waldorf plans to sell stakes in CNOOC North Sea oilfields
However, firm is seeking fresh acquisitions ‘of large portfolios’ in UK to capitalise on $900m tax position.
Aberdeen’s Craig International boosts turnover by more than 60%
Aberdeen-headquartered energy procurement firm Craig International has reported an increase in turnover of more than 60% as the company nearly doubled its profits for the year ending April 2023.
New polling: 75% of Scots back North Sea production ahead of political showdown
Three-quarters of Scottish people back domestic North Sea production according to new polling ahead of a political showdown in Aberdeen tonight.
Finalists revealed for Aberdeen’s Subsea Expo Awards 2024
Aberdeen’s P&J Live set to host the world’s largest subsea exhibition
Chariot lines up drill plans on- and offshore Morocco
Chariot said it was working with Energean on the Anchois development plan. This included negotiating offshore drilling and services for work this year.