‘Time is running out’ to meet CCS goals as spring budget looms
Chancellor warned that "time is running out" to meet the UK's lofty carbon capture storage goals by industry.
Chancellor warned that "time is running out" to meet the UK's lofty carbon capture storage goals by industry.
George Goudsmit took over the company in 1989 and grew it from £30,000 turnover to now £10 million.
"The BOP has been checked and tested by the OEM representative on board the rig and declared safe and ready for operations. Island Drilling is evaluating all legal recourse at its disposal to contest the termination."
London-listed Capricorn noted that if first oil occurs before June 30, 2024, Woodside would owe it $25 million - or $50 million.
Banff and Buchan MP David Duguid failed to declare his wife’s £50,000 shares in BP while speaking in three debates about the windfall tax, a parliamentary watchdog has ruled.
The head of Ørsted has promised to “fight with everything I’ve got” to restore investor confidence in the company, after a disastrous 2023 led to major US writedowns and losses.
Should the purchase move ahead, Jadestone said, it would qualify as a reverse takeover. This would trigger a suspension of Jadestone shares on AIM.
Former EY boss Derek Leith has joined Aberdeen-headquartered decommissioning specialist Well-Safe Solutions as a non-executive director.
The business has added its "small piece" to the £30 million Inverness Castle redevelopment.
Costs linked to the upcoming Balder development cut down profits at Var Energi (OSLO: VAR), Norway’s second-largest independent operator.
Energy services firm Expro (NYSE: XPRO) has struck a $210m deal to buy Aberdeenshire-headquartered drilling tech company Coretrax.
Oil and gas bosses from across the North Sea have decried Labour as "clueless" following its proposed windfall tax hike.
Galp raised the possibility of farming down its stake and bringing in a partner. It currently has an 80% equity position.
Shares of Diamondback Energy Inc. surged after it announced a $26 billion cash-and-stock deal to acquire fellow Texan oil and gas producer Endeavor Energy Resources LP to create the largest operator focused on the prolific Permian Basin.
The Naga 7 rig capsized in 2021.
There were more near field exploration targets planned for 2024. These, it said, would support further expansion at the project. Valeura has raised the possibility of a Nong Yao D platform to follow Nong Yao C.
Ineos FPS has awarded Bilfinger a new contract carrying out maintenance work across the Forties Pipeline System for up to five years.
The Norwegian company will begin project management and engineering “immediately” at its offices in Bergen and Aberdeen.
Energy representatives have asked for a ‘holistic’ approach to energy policy and tax incentives in the upcoming Budget, which would help guide the UK to net-zero.
Putting weight behind an audacious, long-term and properly funded energy strategy would signal true commitment from the Scottish government.
The UK government is holding early-stage talks to buy a site in Wales to build a nuclear power plant, a move aimed at reviving Britain’s ageing nuclear fleet, the Financial Times reported.
Europe’s oil refineries are stepping up crude purchases following a surge in the price of diesel and disruptions to imported shipments from the Middle East. The situation is driving up the cost of physical barrels of oil.
Welligence analysis shows Apache decision to halt drilling at Beryl and Forties hubs will significantly impact field production life.
“What we’re finding now are new businesses and new opportunities are saying ‘if you can do these hydrogen plans, we will come and locate to the region’. That’s a new dynamic we didn’t have a year ago.”
Net Zero Technology Centre's (NZTC) new Horizon service can source opportunities for North Sea firms, including ways to cut emissions when electrification is not viable.