Despite BP’s (LON: BP) North Sea boss being hopeful about the future of oil and gas in the UK, Doris Reiter says uncertainties driven by government policy are undermining investment confidence and the energy transition.
Engineering firm Wood has been awarded a "major" multi-million dollar contract to deliver topside modifications for a BP subsea tieback in the UK North Sea.
Petrofac workers will down tools for 48 hours at a series of BP and Repsol Sinopec assets across the North Sea today, as disputes over pay and rota patterns show no sign of resolution.
BP is pressing ahead with plans to develop the Murlach oil and gas field in the UK North Sea, hailed by industry leaders as "vitally important" for maximising domestic supply.
