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.
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.
Sultan Ahmed Al Jaber is the President-Designate of the upcoming United Nations climate summit in Dubai, or COP28. He’s also head of the Abu Dhabi National Oil Company.
“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.
HSE inspectors have found nearly 26,000 hours of safety-critical maintenance work left outstanding across several Apache North Sea platforms.
Under the tender, the winning bidder would invest around $200 million in the GTL plant and will also provide gas condensate supplies.
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.
A new report from Xodus has found around 100 North Sea reservoirs will be needed to meet UK demand for carbon capture utilisation and storage (CCUS) by 2050.
Orsted (CPH: ORSTED) will benefit from permanent tax breaks announced by UK Chancellor Jeremy Hunt in an effort to support the country’s business in the shift to clean energy.
Meanwhile capital allowances on investments — a form of tax relief designed to ease upfront costs — will remain in place, in a boon to renewables developers.
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
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.
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.
SeAH manufacturing plant in Teesside, the world’s largest of its type, will create 750 jobs.
Winners of the OEUK Awards for Excellence in Decommissioning have been announced, with Spirit Energy and Utility ROV services taking top prizes.
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.
SNP MPs will lobby the Chancellor for a slashing of corporation tax for renewable energy firms as part of the Autumn Statement.
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 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.
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]."
Operators are waiting years for decisions on the contentious topic of whether they can leave structures in the sea.
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.
More than 60 Unite Union members employed by CHC Scotia to strike across Aberdeen, Humberside and Norwich airports.
“A tightening of restrictions on offshore workers will simply result in the U.S. becoming an unattractive place to do business to the detriment of America’s energy ambitions and strategy,” says IMCA chief.
It bolsters “our growth aspirations and ongoing commitment as a key partner in Egypt’s energy landscape. Successful delivery of our current exploration campaign is part of Shell Egypt’s growth strategy.”
After multiple shocks wiping off billions of euros of market value, Siemens Energy (Xetra: ENR) sought to convince investors that the company is on the path to profitability.