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.
North Sea oil and gas
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.
Aberdeenshire’s Motive Offshore acquires Aquatic from Acteon Group
Aberdeenshire offshore energy equipment firm Motive Offshore has acquired fellow Scottish firm Aquatic from Acteon Group.
Serica Energy assets remain ‘cash generative’ despite ‘unjustifiably punitive fiscal regime’
North Sea operator Serica Energy said its UK offshore assets remain "cash generative" despite an "unjustifiably punitive" fiscal regime as it released its half year results today.
Hartshead Resources outlines ‘exciting and encouraging’ 33rd round licences
North Sea operator Hartshead Resources (ASX:HHR) estimates it now holds more than a trillion cubic feet of gas reserves following the 33rd Licensing Round.
Scottish underwater robotics firm HonuWorx secures seven figure investment
Scottish subsea robotics firm HonuWorx has secured "seven-figure" investment backing for its plans to slash costs and emissions for offshore repair and inspection work.
Energy transition ‘unicorn factory’ launches in Aberdeen
The co-founder of subsea robotics firm ROVOP is set to launch a 'unicorn factory' in Aberdeen focused on accelerating the UK energy transition.
Increased North Sea well intervention ‘huge opportunity’ for UK supply chain, NSTA says
Increased well intervention could provide a "huge opportunity" for the North Sea supply chain and lead to "cheaper, easier, cleaner" UK production, according to the North Sea Transition Authority (NSTA).
Hartshead Resources moves closer to field development plan for Anning and Somerville
Australian operator Hartshead Resources is moving closer to a field development plan for its Anning and Somerville development
North Sea operator Harbour Energy completes buyout of German rival Wintershall DEA
North Sea operator Harbour Energy has completed the acquisition of German rival Wintershall DEA in a deal worth $11.2 billion (£8.53bn).
Labour’s North Sea tax hike to land £13 billion blow to UK economy, OEUK says
UK government plans to raise the windfall tax on North Sea oil and gas firms could cause a £13 billion hit to the UK economy between 2025 and 2029, a report has found.
Step Change in Safety releases findings from ‘largest-ever’ workplace survey
North Sea safety organisation Step Change in Safety has released a report based on the results of its largest ever industry survey.