Over half of Scottish fishing space could be lost as green energy ramps up
More than half of Scottish fishing grounds could be lost by 2050 as offshore renewables ramp up, the leading industry body has warned.
Oil & Gas
TAQA plans end to North Sea production in 2027
TAQA (ADX: TAQA) intends to cease production from all of its UK North Sea platforms by the end of 2027.
Angola says it plans to remain in OPEC as quota spat emerges
Angola, Africa’s second biggest crude producer, has no plans to leave OPEC+, an official said, following a broader dispute over output quotas that delayed the group’s meeting.
Shell to face Ogale, Bille spill claims in High Court
For Shell or its local Shell Petroleum Development Co. (SPDC) to be held liable, “the court must be satisfied that there were no other significant causes which contributed to the claimants’ alleged losses such as spills by other operators or pollution as a result of illegal refining or sabotage”, the spokesperson said.
‘Nationalise it’: Unions lament Grangemouth refinery plans as ‘kick in the teeth’
Union leaders slammed plans to cease operations at Grangemouth’s crude refinery and called for nationalisation, while just transition campaigners called for a ‘credible plan’ to protect workers.
Norway should take lead on climate financing, former UK PM says
Norwegian climate negotiators should push other countries attending climate talks in Dubai to follow its lead in adopting guarantees to drive investment into renewable energy projects in developing countries, according to former British prime minister Gordon Brown.
TAQA, Transocean office complex up for sale in Aberdeen
The owners of the building at Aberdeen's Prime Four business park - currently home to TAQA and Transocean - have put the unit up for sale.
Nigeria threatens to revoke marginal fields, new round approved
“Marginal fields would [henceforth] be prioritised in terms of their location to those who have modular refineries, so that they will be able to produce,” he said.
Serica Energy acquires 30% interest in Greater Buchan Area from Jersey Oil and Gas
Serica Energy (LON: SQZ) has announced it will acquire a 30% non-operated interest in the North Sea's Greater Buchan Area development from Jersey Oil and Gas (JOG).
BP selects executive search firm to find Looney CEO replacement
Oil giant reportedly hires Egon Zehnder International to help find next chief executive after Bernard Looney ousting
HSE slams Apache as 26,000 hours of safety-critical work left unchecked
HSE inspectors have found nearly 26,000 hours of safety-critical maintenance work left outstanding across several Apache North Sea platforms.
PetroSA lines up sanctioned Gazprom unit for Mossel Bay
Under the tender, the winning bidder would invest around $200 million in the GTL plant and will also provide gas condensate supplies.
Ithaca could go it alone on Cambo – but plans not to
Ithaca Energy’s chairman says the company could sanction the West of Shetland project on its own but would prefer to bring in partners ahead of any major decisions.
‘Extremely disrespectful’: Sausage and cider music festival to change dates after clash with Piper Alpha anniversary ceremony
The Hazlehead Park event had been scheduled for the date of the 36th anniversary of the North Sea disaster which claimed 167 lives.v
UK government plans new oil and gas ‘price shock’ tax mechanism post-EPL
The UK government is planning for the introduction of a new tax mechanism for North Sea oil and gas operators following the scheduled end of the windfall tax in 2028
BREAKING: Grangemouth oil refinery could cease operations by 2025
Grangemouth, Scotland’s last remaining oil refining capacity, could close as soon as 2025 amid a reported decline in North Sea oil output and falling demand for fuels.
Dabinett: Horizon gets green light to drill high-impact North Sea target
Horizon Energy Partners has been given the regulatory green light to drill its high-impact Dabinett prospect in the UK North Sea, but has pushed the timeline to 2025.
North Sea decom players celebrated at OEUK awards
Winners of the OEUK Awards for Excellence in Decommissioning have been announced, with Spirit Energy and Utility ROV services taking top prizes.
Korea takes short-term LNG path while rivals embrace long deals
South Korea is avoiding the global trend toward long-term agreements on liquefied natural gas due to high prices, a risky move that will leave the top importer exposed to the volatile spot market.
Ithaca welcomes ‘strategic progress’ on Cambo, Rosebank in Q3
Ithaca Energy reported net income of $238.5 million (£190m) for the nine months ending 30 September, as farm-out discussions continue on key North Sea projects.
Aberdeen’s Offshore Helicopter Services facing £10m HMRC probe
Aberdeen based Offshore Helicopter Services (OHS) UK is facing an HMRC investigation into its tax affairs with the company potentially liable for £10 million in repayments.
Disentangling Kurdistan’s exports challenge
Local sales are “negative for Kurdistan, in that there is no new investment in these circumstances. I don’t expect anyone to drill, to increase production beyond March 2023 rates [prior to the pipeline closure]."
Dumping and derogations: OSPAR rules among top challenges facing UK decommissioning
Operators are waiting years for decisions on the contentious topic of whether they can leave structures in the sea.
EnQuest big-hitter to give first Prosper annual lecture in Aberdeen
One of the top bosses at North Sea firm EnQuest, has been unveiled as the keynote speaker for a leading business group’s annual lecture in Aberdeen.
CHC Scotia helicopter workers set to strike across UK in pay dispute
More than 60 Unite Union members employed by CHC Scotia to strike across Aberdeen, Humberside and Norwich airports.