BP and partner paying £900m for entry into UK offshore wind market
BP has entered the UK offshore wind market with leases for a combined three-gigawatts of projects in the Irish Sea.
BP has entered the UK offshore wind market with leases for a combined three-gigawatts of projects in the Irish Sea.
Equinor ASA said the Nigerian Supreme Court overturned a ruling that had threatened to divert 1.5% of the company’s profits from one of the country’s largest oil fields to a former consultant.
Oil and Gas UK (OGUK) has announced the appointment of a new co-chairman, as the industry’s focus on recovery and transition intensifies.
With pressure from net-zero obligations now mounting, coupled with a growing awareness that it has a valuable energy transition role to play, the North Sea oil and gas industry would at last appear to be taking electrification of UKCS infrastructure seriously.
Oil giant BP’s quest to transition away from fossil fuels and become a net-zero emitter by 2050 has left it caught in a “conundrum”, analysts said yesterday.
BP fell to pre-tax losses of £18 billion in 2020 as the energy giant’s balance sheet creaked under the weight of lower oil and gas prices.
The United Nations climate change conference which is to be held in Glasgow in November should be a source of inspiration and an opportunity for Scottish industry to showcase its Net Zero manufacturing supply chain.
Equinor’s chief executive has vowed to toughen safety measures after the firm experienced “several serious incidents” throughout 2020.
West of Shetland operators are working with “serious intent” to get huge new oil projects “to a net zero outcome”, according to the head of a major clean energy scheme on the islands.
The rapid transition under way in energy means that now more than ever the sector must grasp the opportunities presented by technology.
High-impact targets from Equinor and Shell have been named among the “wells to watch” for the UK North Sea in 2021 by Westwood Energy.
Equinor has taken a write down of the value of its Tanzania LNG project, wiping $982 million off its books.
Now that Biden has committed to shifting from fossil fuels, the incoming chairman of the Securities and Exchange Commission, Gary Gensler, must decide whether Big Oil are exempt from basic principles of shareholder democracy.
Subsea 7 has won a pipeline contract for the Equinor Northern Lights CCS project in Norway.
An oil and gas worker had to be airlifted off a North Sea platform earlier this month after they were struck on the head by a crane hook.
New research by global commercial property adviser CBRE has revealed a positive end to 2020 for the Aberdeen office market.
London-listed EnQuest said today it had completed the £13 million acquisition of a stake in the Bressay field from Equinor.
The head of Equinor’s UK renewable operations has announced he is leaving the company after more than a decade.
Bosses at Deep Casing Tools (DCT) will use a cash injection of £1.6 million to bring more ground-breaking oil and gas technology to the global market.
Equinor has awarded framework contracts to Altus Intervention and Archer for a range of wireline services on its platforms offshore Norway.
Total has opted not to continue being a member of the American Petroleum Institute (API), expressing differences of opinion over climate change.
Equinor has announced plans to broaden its renewables offering by piloting a floating offshore solar plant off the Norwegian coast.
Bosses at Equinor have heralded the firm’s latest contract win as a “game changer” for its North American operations.
Digital media production company Signal is to produce films for Aberdeenshire Council and ORE Catapult to support the promotion of local and national economic development.
Business intelligence company, Offshore Network, are next month hosting the Upstream Digital Transformation Conference, a digitalisation event, but not one that’s looking at technology. Instead the event focuses on the ‘people’ aspects of digital transformation, with sessions including discussions on culture change, skills and collaboration.