HSE documents name North Sea platforms with lifeboat and training failures
Ithaca Energy, TAQA and Apache installations named in HSE documents.
Oil & Gas
Troubled North Sea firm IOG owes more than £140m as administrators look to restructure
Troubled North Sea firm IOG owes more than £140 million to creditors as administrators look to restructure the company, new documents have revealed.
COP draft deal offers fossil fuel cuts, but falls short for many
A draft deal at the COP28 climate summit in Dubai called on countries to cut their consumption and production of fossil fuels as the hosts tried to craft a compromise less than 24 hours before the summit is due to end.
South Africa picks controversial Gazprombank for GTL partnership
The official said overhauling the gas-to-liquids (GTL) plant was one of the “critical components of PetroSA’s turnaround strategy”.
Shifting Netherlands debt ‘positive update’ for Kistos amid Shetland Gas Plant shutdown
Kistos (KIST.L) has paid its outstanding bond debt in the Netherlands, creating an opportunity for the firm to return more cash to shareholders, said an industry analyst.
Occidental to buy oil driller CrownRock for $10.8bn
With many of the best production sites already tapped, companies flush with cash from the post-pandemic run-up in oil prices are increasingly buying rivals to secure new places to drill.
Tanzania approves a way forward for Tanga exploration
“We farmed out an interest to Afren and so we are delighted with what is a most positive and significant development and we look forward to working with our partner Octant in realising Tanga’s significant potential.”
UK imports ‘record’ LNG amid growing reliance on US gas
US LNG is almost four-times more carbon-intensive than domestic UK gas production.
BP pensioners issue legal letters over cost-of-living raises
A group of pensioners have issued legal letters to BP pension trustees and management over its decision not to grant requests for additional disbursements earlier this year.
Green hydrogen supremo calls for fossil fuel execs’ “heads on spikes”
Forrest said hydrocarbon executives at COP28 talking up production “must think you have blood on your hands”. The Fortescue head was talking on Perth’s 6PR station.
Perenco announces near-field gas discovery at Ravenspurn South
Perenco UK has announced a near-field discovery at the Ravenspurn South field, located approximately 40 miles off the coast of Flambrough Head in Yorkshire.
IEA warns COP28 fossil fuel pledges not enough to reach climate targets
International Energy Agency warns that even if the pledges made so far at COP28 summit are delivered, they will "not be nearly enough" to avert 1.5C warming
Exclusive: Over a third of North Sea workers too heavy for lifeboats
‘Angst’ as new HSE data finds 36% of UK offshore workers now above 100kg maximum weight threshold.
Energy giant TotalEnergies comes aboard Orkney subsea wave power project
Renewables for Subsea Power (RSP) in Orkney aims to use wave power to decarbonise oil and gas projects.
Updated: UK Government confirms plans to move energy department civil servants to Aberdeen
The UK Government has confirmed plans to relocate up to 200 civil servants from its energy security department DESNZ to Aberdeen.
Shelf Drilling Perseverance rig to depart North Sea for £58m Vietnam contract
Sun sets on Perseverance rig's time in the North Sea, with Shelf Drilling announcing a 16 month contract with PetroVietnam.
Orcadian: Ping’s Pilot play points to ‘area plan potential’
Fresh from securing a farm-out deal, Orcadian Energy boss Steve Brown points to the strategic advantages of a new floating development at Pilot in the central North Sea.
Trafigura triples dividend to $5.9bn after record profit
Trafigura’s effective tax rate dropped to just 8%, from 12% a year earlier, which Salmon said reflected “a one-off benefit from the recognition of historic tax losses and higher earnings in lower taxation jurisdictions.”
Shell talks up $5bn Bonga North plan with president
“We are very focused on resolving all investment-related issues. There is no bottleneck that is too difficult for us to remove”, the president said. “We need each other … we want you to do more.”
PTTEP scores three Sarawak finds
“Malaysia holds a prominent position within our strategic investment areas and proves successful oil and gas discoveries in offshore areas continuously,” said PTTEP CEO Montri Rawanchaikul.
Longboat JAPEX farms down pair of exploration targets
Longboat JAPEX has announced a farm-down of two exploration targets in Norway to Concedo AS.
North Sea firms relinquish swathes of licences to NSTA regulator
Almost 57% of licence awards from the 32nd round three years ago have now been handed back.
Overcoming the curse of Big Oil
A worrying aspect of the global energy transition now gathering pace is how impoverished countries with large oil and gas discoveries react to wealthy nation rhetoric telling them that they should kiss the chance of making $billions goodbye before they’ve even started harvesting the resource.
ROVOP founder named chairman of subsea tech firm HonuWorx
Steven Gray, founder and former chief executive of Aberdeen-based ROV firm ROVOP, has been named chairman of robotics company HonuWorx.
The gift of safeguarding wellbeing
The holiday season is upon us, and while it's often considered ‘the most wonderful time of the year’, it can also be one of the most stressful and overwhelming for some, if not many.