Testing UK tech overseas ‘is not good enough’, says NZTC
Aberdeen’s Net Zero Technology Centre (NZTC) said “it’s not good enough” that UK decommissioning technology is tested overseas when “we are meant to be the leaders in this space”.
Oil & Gas
HSE serves notice on Serica over Bruce gas release
Independent North Sea producer Serica Energy (AIM: SQZ) has been served with an improvement notice by the Health and Safety Executive (HSE) over the release of fuel gas at its Bruce platform.
North Sea ruling branded ‘fudgement’ as Rosebank and Jackdaw live on
North Sea supporters have claimed a win despite a landmark court ruling found two major oil and gas developments were "unlawful".
North Sea firms cleared to press ahead despite court ruling Rosebank and Jackdaw approval ‘unlawful’
North Sea operators are able to press ahead with the development of two major oil and gas fields, despite environmental campaigners claiming a "historic win" in a landmark court ruling.
Shell fourth quarter profits drop to $3.66bn, commences share buyback
Energy giant Shell (LON:SHEL) reported a drop in fourth quarter profits to $3.66 billion (£2.94bn) amid lower oil refining margins.
BP is not moving fast enough in the energy transition
An impending ban on petrol cars and an upcoming government review of drilling licences has created a perfect storm for supermajors.
Centrica’s Spirit pleads for ‘modest’ proposal on £5bn Morecambe CCS
Developers of a £5 billion plan to create one of the largest carbon stores in the UK have pleaded for "modest, pragmatic" support from the UK government.
UK spent £12.5bn through capacity markets on fossil fuel power over past decade
The UK government has invested over £12.5 billion over the past ten years in fossil fuel power plants through a capacity market scheme designed to ensure reliable electricity supply during winter, according to Aurora Energy Research.
Former Aberdeenshire oil and gas worker carving out a new woodwork career
Former oil and gas worker Guy Phillips's firm is on target to hit £1.5m this year, and has doubled headcount in the past 12 months.
Scots oil firm Capricorn Energy evaluating UK North Sea opportunities after Waldorf defaults on payment
Scottish oil and gas firm Capricorn Energy (LON:CNE) is aiming to diversify and expand its operations, targeting further opportunities in the UK North Sea.
Shell to post lower 2024 profit after year of faltering oil demand
Shell (LON:SHEL) is expected to post lower annual profit than the previous year next week, after the energy giant was hit by weak oil prices and faltering demand for the fossil fuel.
Serica to buy North Sea assets as UK ‘can’t get any worse’
North Sea independent Serica plans drilling campaigns for Bruce, Keith and Rhum as boss doubles down on UK M&A ambitions.
Storm alert! How wild weather can wreak havoc on energy infrastructure
There is no doubt that with climate change comes more extreme weather.
Tributes paid to 45-year-old Aberdeen Wood employee following tragic passing
Dad-of-two Allan Basil, who worked for Wood, was preparing to come home when the Aberdeen Royal Infirmary went into flu lockdown.
£6m research plan to tackle fuel poverty in oil and gas capital Aberdeen
Researchers leading a series of projects aimed at getting communities on board with the need to achieve net zero energy will launch a study in Aberdeen's deprived district of Torry.
Aberdeen’s Ashtead Technology likes its ‘strong’ 2024 performance
Ashtead Technology (AIM: AT.) has reported a "robust" performance in 2024 in an update to the markets.
Harbour Energy boss welcomes ‘transformational’ year and reduced North Sea investment
The North Sea's largest oil and gas producer Harbour Energy (LON: HBR) has highlighted the boost to revenues and production it has enjoyed since acquiring Wintershall DEA in a $11.2 billion (£9.1bn) deal.
Over 70% of Scots champion UK oil and gas as majority back clean power plans
The latest in a series of polls gauging opinion on the UK energy sector has found that the vast majority of locals yet again support domestic North Sea oil and gas production.
EnQuest picks up Harbour Energy Vietnam assets in $84 million deal
Aberdeen-based EnQuest (LON: ENQ) has acquired Harbour Energy's (LON: HBR) Vietnam business as part of a $84 million deal to "grow its international operating footprint".
Aberdeen tech seeks to pump millions of barrels of North Sea oil from shut-in wells
A patented tool that cleans blocks out of subsea pipes could clear the way for the production of tens of millions of barrels of North Sea oil and gas.
Investing with a purpose: growth with social impact
Businesses are increasingly expected to do more than generate profit, and for Balmoral Group this expectation is a guiding principle. With a rich history of over 40 years, Balmoral is not just building successful businesses – it’s building a legacy of sustainable growth and social impact.
Energy skills passport for oil and gas workers launches at last
An energy skills passport to help workers transition their training and accreditations from oil and gas jobs to similar roles in the renewables sector has launched and will be expanded across the UK.
Prepare your global energy workforce for the second Trump administration
As President Trump embarks on his second term, leaders in the global energy sector are examining how potential shifts in immigration policy might impact their workforce and operations.
The future of the North Sea is in our hands
2025 is set to be a pivotal year for the future of our North Sea.
Triton return to production results in ‘promising’ year for Serica
Serica (AIM: SQZ) has forecast a "promising" year as the Triton FPSO has resumed production following reports of a "disappointing" end to 2024.