EnQuest and BW Offshore secure multi-million pound loans
Oil firm EnQuest and vessel owner BW Offshore have both secured multi-million pound loans to finance ongoing operations.
Daily
First Minister Humza Yousaf ‘not convinced’ by Rosebank
Scotland's first minister Humza Yousaf has said he is "not convinced" by Equinor's controversial Rosebank oil field.
European gas prices slump as risk of Australian strike recedes
With inventories nearly full well before the start of the heating season and industrial demand subdued, the continent for now remains well supplied.
Bumi Armada profits dip on production issues at Kraken FPSO
Major production issues at the North Sea Kraken FPSO have hit vessel owner Bumi Armada in the group's pocket.
Var Energi names former Talisman, Lundin exec Nick Walker as CEO
British oil and gas executive Nick Walker has been named as CEO of Var Energi (OSLO:VAR), one of the largest producers in Norway.
Ofgem cuts energy price cap to £1,923
Ofgem has slashed the price cap on energy bills to £1,923 after wholesale energy prices fell further, it announced on Friday.
Equinor starts up 26 million-barrel North Sea project
Equinor (OSLO: EQNR) has started up Statfjord Ost, a 26-million-barrel tie-back in the Norwegian North Sea.
Fossil fuel subsidies hit $1.3trillion despite government pledges to end them
Despite repeated government pledges to cut back on fossil fuel subsidies, a new report found such subsidies surged to a record $1.3 trillion last year.
Safety notice issued after Survitec lifeboat fails to inflate
A safety alert has been issued after a lifeboat supplied by offshore safety equipment firm Survitec failed to inflate in an emergency.
‘I don’t think you’re cut out for leadership’: Energy bosses open up on industry discrimination
Bosses from BP, Wood, Intertek and others discussed discrimination they've faced in their careers, and the distance still to go.
Most Scots back Rishi Sunak’s push for more oil and gas, poll shows
Most people in Scotland back Rishi Sunak's decision to grant new oil and gas licences, according to new research on public attitudes to the future of the energy industry.
‘The scale of this beast is unbelievable’ – what is the world’s second largest crane vessel doing off Aberdeenshire?
There are no shortage of vessels to be seen off the coast of Aberdeen, but there’s one in particular that currently stands out from the rest.
Planning consent granted for North Sea electric ‘superhighway’
Planning consent has been granted for a new subsea electricity superhighway that will boost grid connection between Scotland and England.
Harbour Energy calls for CCS investment incentive amid windfall tax woes
Harbour Energy (LON: HBR) chief executive Linda Cook told investors that her firm will lobby government to include carbon capture and storage (CCS) spending in windfall tax allowances.
Exxon looks for long-term rig duo off Nigeria
The rigs will carry out drilling, completion, testing, temporary abandonment and workovers, in water depths from 600 to 1,800 metres.
Aberdeen firm DeltaTek hoists King’s Award trophy
The offshore well construction cementing specialist won its King's Award for Enterprise in the innovation category.
Wave-powered oil fields? Mocean and Aker Solutions target UK pilot project
Aker Solutions and Mocean have signed an agreement which could see UK oil and gas fields powered by wave energy within two years.
TechnipFMC wins more Girassol work from TotalEnergies
“We have good knowledge of this field, having built the subsea tree systems for the original Girassol development. It gives us immense pride that our long-term clients continue to show trust and confidence in our solutions through subsequent awards.”
The Megawatt Hour – Episode 9: Energy storage, everywhere, all at once
Over the course of eight episodes we have talked a lot about the current state of the energy storage market; our penultimate episode looks at where we are going, considering what the future of the sector might look like?
Harbour Energy approves drilling to keep Armada platform going to 2030
Meanwhile, Tolmount East first gas is expected by year-end.
Harbour Energy: North Sea’s largest producer falls to post-tax loss
Shares in Harbour Energy (LON: HBR) dipped this morning as the North Sea’s largest producer reported an $8m loss after tax.
ConocoPhillips deal triggers divestment alert from pension investors
ConocoPhillips (NYSE: COP) has been put on divestment watch by some of Europe’s biggest pension funds, after using proceeds from a recent debt financing to expand its business in oil sands.
Shell’s quest to find buyer for Cambo stake ‘progressing well’, claims partner
“On Cambo, Shell has a 30% share and our understanding is they are progressing well - hopefully that sales process will end soon. That will allow us to continue the project towards FID.”
ROVOP scores long-term Energean award
Gilmartin said the contract was a “real milestone” that “reflects our strategic approach to breaking into the field support ROV market”.
Alberta’s too successful renewable model hits the rails
Statistics Canada reported recently that Alberta’s energy prices rose by 127.8% in July, compared with the same month in 2022.