Forth Ports CEO steps down after 23 years in charge
Forth Ports Group chief executive officer Charles Hammond has announced he will step down from the role next year after 23 years in charge of the Edinburgh-based company.
Oil & Gas
Maurel to sell Tanzania stake in Mnazi Bay to close slow-moving deal
Maurel CEO Olivier de Langavant welcomed the “partnership with TPDC that will reinforce the basis for the mutual benefit of the next phase of development at Mnazi Bay”.
Equinor banks over $1bn in UK while paying $6m in taxes
Equinor has reported $1.87 billion in pre-tax income for its UK operations, while it paid out a total of $6 million in tax within the county.
Discovery at last! Invictus declares Mukuyu miracle
“It’s been a long time, for me, it’s been 12 years in the making from the first time we looked at the acreage,” managing director Scott Macmillan explained to Energy Voice. “We had a couple of difficulties at Mukuyu-2 but we finally got there.”
Deal: Ping Petroleum buys control of Orcadian’s Pilot North Sea project
Orcadian Energy has confirmed Ping Petroleum has become its farm-in partner on the Pilot field, concluding long-running negotiations over the future of the North Sea development.
UK warns of security situation in Guyana
The president has given companies operating in Essequibo three months to withdraw. ExxonMobil's Stabroek block is at least partly within the Essequibo marine territory.
Australian oil and gas majors Santos and Woodside confirm £40bn merger talks
Australian oil and gas giants Santos (ASX: STO) and Woodside Energy (ASX: WDS) have confirmed ongoing discussions on a A$80 billion (£40bn) potential merger.
North Sea operator EnQuest launches new energy business ‘Veri’
Meanwhile Jonathan Copus, formerly of Getech, has been named new CFO.
Energean strikes Chariot deal, targets well in 2024
Energean CEO Mathios Rigas described the deal as “an exciting step in the next stage of our development, one that can only enhance our position as the pre-eminent independent natural gas producer listed in London”.
Urgent action needed to prevent UK’s energy sector being left in the cold, warns Vysus Group boss
Uncertainty over domestic energy policy and a failure to capitalise on Aberdeen and the wider UK’s potential are hindering the country's efforts to become a world-leader in the energy transition, Vysus Group CEO says.
Finder Energy uncovers potential ‘analogue’ to UK’s giant Buzzard oilfield
A potential 150 million-barrel field has been uncovered next to the UK’s giant Buzzard project in the Central North Sea, it’s been claimed.
UK government says lack of supply flexibility could leave gas system “exposed”
The UK government will launch a consultation with industry on future gas supply and storage requirements as production from the North Sea declines.
The great drilling rig migration: jacking up and shipping out
Now that rates are rising, Middle Eastern demand is slowing – but Southeast Asia has been touted as the next step.
Learning from the past: Enhancing diver safety in challenging environments
In the world of commercial diving, especially in saturation environments, safety is of utmost importance.
TotalEnergies ‘assessing when it will be safe’ to restart Shetland Gas Plant
An investigation is ongoing into a safety incident which has seen the shutdown of TotalEnergies’ (XPAR: TTE) Shetland Gas Plant.
Engineer who lost arm while working on North Sea wind turbine wins compensation
Darren Hoadley wins compensation from employer Siemens Gamesa after losing his arm in a 2018 accident installing a wind turbine in the Belgian North Sea
Exxon boosts buybacks 14% as hunt for more oil accelerates
Exxon Mobil plans to raise share buybacks 14% as the oil giant accelerates crude production in the US Permian Basin, boosted by its $60 billion acquisition of Pioneer Natural Resources Co.
Switzerland charges Trafigura for historic bribery
“For the first time, the Federal Criminal Court is called upon to judge the criminal liability of a company for bribery of foreign public officials,” the OAG said.
New acquisition for Aberdeenshire training firm AquaTerra
Bon-Accord Training will keep its name as it looks towards 'new opportunities'.
Serica completes shutdown campaigns on Bruce and Triton hubs
Serica also announced the founders of Tailwind Energy will depart the company in March next year following the £367 million takeover.
Chunk of Norway’s offshore gas finds risk going untapped
A swath of Norway’s offshore gas discoveries risk remaining untapped due to challenges ranging from complex reservoirs to costs of production.
TikTok star reviewing North Sea oil platforms
Forties, Beryl, Ninian, Thistle and Judy have all had the TikTok treatment.
Centurion Group looks to ‘handsomely exceed’ pre-tax earning goals
Aberdeen headquartered Centurion Group has carried out four acquisitions this year, increasing the firm’s forecast pre-tax earnings.
Kerry calls out Chevron as lagging on climate at COP28
US climate envoy John Kerry criticized some US oil producers for not doing enough to combat global warming and singled out Chevron Corp. for particular scrutiny.
Shetland Gas Plant shut down after heating system failure causes steam release
The plant currently supplies around 8% of the UK’s gas consumption - enough for around 2 million households.