Analysts warn of £4.9bn shortfall in Chancellor’s green plan
Analysts have warned of a potential £5 billion funding hole in Chancellor Rachel Reeves’ proposals to finance the green prosperity plan.
North Sea oil and gas
Viaro progresses nuclear plan for North Sea offshore assets
North Sea operator Viaro Energy is continuing its focus on nuclear power after forming a strategic partnership with reactor technology developer Terrestrial Energy.
The fate of North Sea oil and gas: ‘It didn’t have to be this way’
This year I retired after a half century working in the UK oil and gas industry. My experience was of a fine industry which achieved stunning feats of engineering excellence and delivered economic prosperity for the UK.
Former Oil and Gas UK chief’s fears of North Sea ‘wholly premature death’
The former head of Oil & Gas UK has accused politicians of “gross negligence” towards the offshore industries and their workers.
UK ‘not the ideal place’ to invest in new oil and gas, Deltic says
Deltic Energy said it will focus on core UK assets like the Selene prospect while pivoting its attention to international opportunities.
Windfall tax concern ‘looms large’ over north-east businesses
The windfall tax on the North Sea energy sector remains a key concern for north-east businesses ahead of this month’s budget, according to a survey.
Labour talks up Grangemouth skills package, but union slams ‘smoke and mirrors’
The UK government said it is "stepping up plans" to support workers at the Grangemouth refinery ahead of its closure, but a leading union has criticised the support package as "smoke and mirrors".
How does age influence the UK energy transition?
How does age influence the experiences of younger and older workers in the UK energy sector?
North Sea flight operator CHC Helicopters records £4.8m loss
North Sea helicopter operator CHC Scotia has recorded a £4.8 million loss in 2023 in what the company described as “challenging industry conditions”.
North Sea oil pollution ‘grossly underestimated’, report finds
North Sea oil pollution has been "grossly underestimated" due to an opaque and misleading reporting system and ineffective regulations, a report has found.
Legal challenge to Rosebank and Jackdaw headed for November hearing
A Scottish court has granted approval for legal challenges to the Rosebank and Jackdaw oil and gas fields to proceed to a hearing.
UK energy sector reacts to GB Energy headquarters announcement
The UK energy sector has welcomed confirmation that GB Energy's headquarters will be based in Aberdeen, but called for more clarity over the government's energy policy.
Windfall tax could lead to Forties pipeline closing 10 years early, Ineos says
The operator of the crucial Forties Pipeline System (FPS) has warned it could close 10 years early due to the UK government's North Sea tax policies.
Petrofac again extends grace period with lenders over missed payments
Petrofac (LON: PFC) has extended its existing forbearance agreement on a missed interest payment with a group of lenders from 20 September to 18 October 2024.
Mystery potential Grangemouth buyer revealed as Canadian businessman
The mystery buyer behind a potential bid for the Grangemouth refinery has been revealed as Canadian businessman Garth Reid, according to media reports.
The North Sea semisub market may seem buoyant, but looks can be deceiving
The North Sea semisubmersible (semisub) market hit 100% utilisation at the height of summer this year, however the reality is that shrinking supply has accentuated this, rather than soaring demand.
Aberdeen’s Imrandd completes first contract for major Australian operator
Aberdeen-based consultancy Imrandd has expanded its global footprint after completing its first contract in Australia for a "major upstream operator".
Upstream electrification could cut over 80% of oil and gas emissions, Rystad says
Electrifying upstream oil and gas assets to run on renewables or natural gas that would otherwise be flared could cut associated emissions by more than 80%, according to Rystad Energy.
Offshore mooring firm First Marine Solutions extends lease at Montrose Port
Scottish offshore mooring firm First Marine Solutions (FMS) has extended its partnership with Montrose Port Authority with a five-year lease agreement.
North Sea must ‘look beyond’ windfall tax to be ‘open for business’
UK energy minister Michael Shanks has urged North Sea investors to "look beyond" the government's proposed windfall tax, despite warnings the oil and gas sector is "under threat".
Rovco and Vaarst merge amid Scottish recruitment drive
Subsea technology firms Rovco and Vaarst have merged to become Beam, with the company undertaking a recruitment drive in Aberdeen and Edinburgh.
Repurposing oil and gas infrastructure, a geothermal revolution in the North Sea?
As we navigate the complex landscape of energy transition, a promising solution is emerging from an often overlooked source: our existing oil and gas infrastructure.
Labour policies could see North Sea companies ‘fatally wounded’ in five years
A new report warns that smaller North Sea oil and gas companies are facing a bleak future under the Labour government's plans to increase the windfall tax and cut investment allowances.
Grangemouth refinery closure will create ‘significant economic shock’, Swinney
The closure of Scotland’s only oil refinery will create a “significant economic shock”, John Swinney said, as the Scottish and UK governments promised a joint £100 million support package for Grangemouth.
Petroineos confirms Grangemouth will shut in 2025 with loss of 400 jobs
Grangemouth operator Petroineos has confirmed Scotland's only oil refinery will cease operations in the second quarter of 2025, leading to a net loss of 400 jobs.