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.
North Sea oil and gas
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.
UK ‘committing suicide economically’ over North Sea policies, Hunting CEO says
Hunting CEO Jim Johnson sees strong growth for the 150-year-old firm in South America and the Middle East, but his outlook is less positive for the UK.
NSTA considers naming operators that fail to meet decommissioning deadlines
The North Sea Transition Authority (NSTA) regulator is warning it could soon name and shame operators who fail to meet decommissioning deadlines.
Norway oil output, renewable push go hand-in-hand, Aker BP says
Norway must make more area available for hydrocarbon exploration and scale up the country’s nascent renewable sector in order to protect domestic suppliers of parts and services, according to the head of the country’s second biggest oil and gas company.
Did ‘oil capital’ Aberdeen dodge a bullet in independence referendum No vote?
The price of oil was baked into the independence project - and prices plummeted right after the 2014 referendum as the downturn took hold.
Germany faces tough call on drilling in protected North Sea marine zone
Germany will scrutinize an application to drill for natural gas at a protected marine site after explorer One-Dyas BV cleared a key hurdle with local authorities.
Orcadian no longer a ‘one-trick pony’ after licence agreement with NSTA
Orcadian Energy also said its viscous oil projects containing 'post-transition' hydrocarbons will be a good feedstock for lubricants and EV battery components.
UKSIF accuses North Sea firms of ‘delaying tactics’ and ‘failing to invest’ in energy transition
The windfall tax is an "appropriate mechanism" because North Sea oil and gas firms have "consistently failed to invest" in the energy transition, according to the head of a sustainable finance group.
Zenith Energy opens new Aberdeen city centre office
The well management company will have 40 staff across two sites.
Harbour Energy and Petrogas set to drill North Sea exploration wells
North Sea operators Harbour Energy and Petrogas are set to drill two exploration wells in the UK Continental Shelf in the coming months.
Swedish floating wind firm SeaTwirl to explore offshore electrification with Serica Energy
Swedish floating wind turbine developer SeaTwirl has signed a memorandum of understanding with Serica Energy to explore electrification of offshore assets.
Treasury minister meets with oil and gas leaders in Aberdeen to calm EPL fears
OEUK says next few weeks will be "critical" as Treasury Minister promises ongoing talks on windfall tax changes ahead of October budget.
Former Aberdeenshire oil and gas worker who faced redundancy on career change
Marc Cran started a successful barber business after facing the chop when the oil downturn hit.
GMB and BRINDEX urge UK government to listen to oil and gas workers
GMB, one of Labour's biggest financial backers and a group made up of the North Sea's biggest independent producers, have joined forces to warn about the impact government's plans on workers.
North Sea offshore workers on Ninian hub left with limited power
Offshore workers on the Ninian Central platform in the North Sea endured five days with only limited emergency power generation due to “planned” repairs.
Tory leader candidate admits windfall tax extension was mistake in Aberdeen visit – and now Labour are ‘doubling down’
Leadership hopeful Kemi Badenoch was in the north-east to hear where the Conservative government had "gone wrong".