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.
Oil & 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.
Wood lands ‘big win’ contact with Esso Australia
Aberdeen’s Wood (LON:WG) has landed a second contract with Esso Australia, a move that it claims will create 250 jobs.
‘There is no ban, and we do have a plan’, Sarwar tells North Sea critics
Scottish Labour leader Anas Sarwar defended his party’s energy policies and denied there has been a “ban” on new exploration licences in the North Sea.
Over half of Aberdeen businesses say profits will drop in 2025
As businesses contend with rising bills, difficulties with recruitment and dwindling orders, 51% of Aberdeen firms project reduced profits in 2025.
Union campaign to save oil worker jobs receives backing from over 70 politicians
The full list of MPs and MSPs that have backed Unite the Union's 'No Ban Without a Plan' campaign revealed. Is your representative on the list?
Read BP boss’s letter to staff announcing thousands of job cuts in full
BP (LON:BP) chief executive Murray Auchincloss sent a letter to all staff on Thursday setting out the firm's plans to cut 4,700 jobs across the business and a further 3,000 contractor roles - although he said 2,600 of these had already left the business.
BP job cuts: ‘They’ll be losing a lot of very good people’
BP’s confirmation that it will be cutting 7,700 jobs has served as a “hammer blow to the north-east" of Scotland, one politician said in response to the news, as industry observers weigh in with their reactions.
BP to slash nearly 8,000 jobs as it looks to cut costs
London-listed supermajor BP (LON:BP) has confirmed plans to cut 8,000 jobs as it continues its plans to “simplify and focus” the company.
Labour to consult on North Sea oil and gas licensing, Miliband says
Energy secretary Ed Miliband also says the British public don't want a "culture war" over climate action
Firms struggle to hire as nuclear workforce exceeds oil and gas figures
Nuclear has outstripped oil and gas as the UK’s largest sector in the engineering construction industry as 71% of employers experience recruitment challenges.
Hunting’s 200 UK jobs face restructure risk as it rethinks EMEA activities
Hunting (LON:HTG), the oil and gas supplier, has announced it will undergo a restructuring that threatens the jobs of 200 people across the UK.
Scotland is ‘burying head in the sand’ in face of gas shortages
Two years after the Scottish Government launched a draft strategy with a "presumption against" developing new North Sea oil and gas, a business group has accused Holyrood of "burying its head in the sand" as the UK faces winter gas shortages.
Blame game as UK’s last synthetic ethanol plant shuts at Grangemouth
Billionaire industrialist Sir Jim Ratcliffe has blamed Britain's lack of industrial strategy and levies on carbon polluters for the closure of the UK's last plant producing synthetic ethanol.
Shortlist unveiled: Who will take top prizes at Offshore Achievement Awards (OAA)?
Finalists for the 2025 Offshore Achievement Awards (OAA) have been officially announced ahead of a glittering ceremony in Aberdeen in March.
EnergyPathways secures Licence Operatorship on Block 110/4a
EnergyPathways (AIM: EPP) has been granted a Licence Operatorship for hydrocarbon activities on Block 110/4a.
Shell finds ‘suspected unexploded ordnance’ at Shetland gas pipeline
Shell has found what it suspects could be unexploded ordnance around 50 miles off the east coast of Shetland, near a pipeline that runs from the Brent platforms to the St Fergus Gas Terminal near Peterhead.
Centrica boss ‘worried’ about low gas storage reserves
Christopher O’Shea, chief executive of British Gas owner Centrica, has said he is “worried” about low gas reserves this winter.
UK gas storage at concerningly low levels, says Centrica
UK gas stores have fallen to "concerningly low" levels amid freezing cold temperatures, the owner of British Gas has said.
Oil rig worker airlifted during medical emergency
An oil rig worker with a medical emergency has been rescued from his North Sea base by the Coastguard.
Aberdeen’s OSSO looks to geothermal growth after ‘milestone’ 2024
Aberdeen-headquartered OSSO is looking to consolidate its growth in geothermal energy after a "milestone" year its revenues increase by 50%.