Deltic hit by £18m impairment from Pensacola withdrawal
Deltic Energy (AIM:DELT) has been hit with an £18 million impairment in the first half of the year over its withdrawal from the Pensacola licence.
Oil & Gas
North Sea flight operator CHC Helicopters records £4.8m loss
North Sea helicopter operator CHC Scotia has recorded a £4.8 million loss in 2023 in what the company described as “challenging industry conditions”.
North Sea oil pollution ‘grossly underestimated’, report finds
North Sea oil pollution has been "grossly underestimated" due to an opaque and misleading reporting system and ineffective regulations, a report has found.
Peterson Energy Logistics reports powerful 2023 results
Aberdeen's Peterson Energy Logistics grew its footprint in the renewable energy and nuclear sector which powered growth in turnover and profits last year.
Legal challenge to Rosebank and Jackdaw headed for November hearing
A Scottish court has granted approval for legal challenges to the Rosebank and Jackdaw oil and gas fields to proceed to a hearing.
Welcome, GB Energy, but let’s not kid ourselves
The UK's major energy company isn’t the be all and end all as the Energy Profits Levy, combined with a potential removal of tax allowances, still hangs over the sector like the Grim Reaper stalking its next victim.
UK energy sector reacts to GB Energy headquarters announcement
The UK energy sector has welcomed confirmation that GB Energy's headquarters will be based in Aberdeen, but called for more clarity over the government's energy policy.
Swedish heat pump firm Aira expands to Scotland as part of £300m investment
Swedish firm Aira is investing heavily in the Scottish market as it aims to take a million British homes off gas.
EVOL: All about OEUK’s big day out in Aberdeen
On Energy Voice Out Loud this week, news editor Erikka Askeland and reporter Mathew Perry take in the OEUK Conference: Powering Our Energy Future.
Aberdeen’s MDL wins ultra-deep water SURF deal in Brazil
Flex-lay specialist Maritime Developments Ltd (MDL) has celebrated a new contract win as it attends the Rio Oil and Gas show, now called ROG.e.
UK’s critical gas infrastructure at risk if investment allowance scrapped
NSMP CEO calls for industry and policymakers to collaborate to deliver a just transition as UK gas faces risk from fiscal instability.
Shrinking oil and gas profits tax take ‘casts doubt’ on UK Government plans
The decline in the North Sea tax base raises further questions over the £1.2bn per annum uplift in windfall tax revenues which the government has ear marked to fund GB Energy.
Petrofac again extends grace period with lenders over missed payments
Petrofac (LON: PFC) has extended its existing forbearance agreement on a missed interest payment with a group of lenders from 20 September to 18 October 2024.
Mystery potential Grangemouth buyer revealed as Canadian businessman
The mystery buyer behind a potential bid for the Grangemouth refinery has been revealed as Canadian businessman Garth Reid, according to media reports.
The North Sea semisub market may seem buoyant, but looks can be deceiving
The North Sea semisubmersible (semisub) market hit 100% utilisation at the height of summer this year, however the reality is that shrinking supply has accentuated this, rather than soaring demand.
Power Moves: New board members for AREG and more
Aberdeen Renewable Energy Group (AREG) has appointed two new directors, Allan MacAskill and Andrew Wilson, to its board. The appointments represent more than 60 years of combined energy sector experience for AREG, whose mission is to champion the Northeast's renewable energy sector.
Arctic seabed mining will cause ‘irreversible harm’ to wildlife – Greenpeace
Plans to open a vast area of the Arctic seabed to mining will cause “irreversible harm” to unique and vulnerable wildlife and habitats, Greenpeace International has warned.
Government not ‘sleepwalking’ over Grangemouth, says Starmer
The Prime Minister has said his Government is not “sleepwalking” into potential “industrial devastation” over the closure of the Grangemouth refinery.
Aberdeen’s Imrandd completes first contract for major Australian operator
Aberdeen-based consultancy Imrandd has expanded its global footprint after completing its first contract in Australia for a "major upstream operator".
Marine robotics firm Beam extends capacities with autonomous tech
Offshore wind services firm Beam, recently formed from the merger of marine robotic technology companies Rovco and Vaarst, has announced an investment of £15m in three marine vehicles aimed at boosting its surveillance capabilities.
Upstream electrification could cut over 80% of oil and gas emissions, Rystad says
Electrifying upstream oil and gas assets to run on renewables or natural gas that would otherwise be flared could cut associated emissions by more than 80%, according to Rystad Energy.
Complications stall Prax’s purchase of Shell’s stake in German refinery
A planned purchase by Prax Group of Shell’s 37.5% stake in the Schwedt refinery in Germany is being delayed by “pending lawsuits by third parties,” according to a report from Reuters.
UK gas plants kept offline by wind and solar
UK gas-fired power plants are running at their lowest hours of operation since 2017 owing to high levels of wind, solar and imports from Norway and France into the national grid.
Offshore mooring firm First Marine Solutions extends lease at Montrose Port
Scottish offshore mooring firm First Marine Solutions (FMS) has extended its partnership with Montrose Port Authority with a five-year lease agreement.
Jersey Oil and Gas ‘hopes sense prevails’ in Westminster
Jersey chief executive Andrew Benitz said the firm's achievements have been marred by "fiscal and political turmoil" which has forced them to take measures including a 50% cut in staff and director salaries.