Regulator tells energy industry to get after £220bn North Sea spending opportunity
As much as £220 billion could be spent on North Sea oil and gas, offshore wind, CCS and hydrogen projects before the end of the decade.
North Sea
Well-Safe Solutions drafts in Aberdeen firm to help cut carbon emissions
Decommissioning firm Well-Safe Solutions has teamed up with PD&MS Group as part of a push to slash its environmental impact.
Windfall Tax: Over 90% of North Sea producers have cut spending
“When you read about companies not investing, those are real people that are losing their jobs, that is hundreds of jobs being lost,” said OEUK chief David Whitehouse.
Potential strikes averted as North Sea drillers secure paid leave
Dozens of offshore drillers, stationed on BP’s (LON: BP) Clair and Clair Ridge platforms, have secured an extra three weeks paid time off.
Watch: Drone footage shows Noble Innovator rig arriving in Aberdeen
Stunning drone footage has captured the moment Aberdeen’s new South Harbour welcomed its first ever drilling rig.
‘Definite’ rise in defence investors interested in energy following Russia’s Ukraine attack
An energy entrepreneur says there are “definitely” more defence investors interested in the sector following Russia’s invasion of Ukraine, launched a year ago today.
M&A expert brands UK ‘one of the most unstable’ economies for doing energy deals
There are claims Westminster’s fiscal interventions have made the UK “one of the most unstable economies” for energy investments.
Centrica: Rough gas storage could run for 40 more years through fresh investment
Centrica has said it could keep its Rough gas storage field running for 40 more years through fresh investment.
‘Reset, and grow up’ – energy experts issue scathing message to government
Industry leaders have accused politicians of scaring off energy investment and growth by turning the sector into a “pariah”.
UK trade boss bigs up decom export growth potential at industry event
A senior government trade official hailed decommissioning as “one of the UK’s greatest strengths” during an industry conference yesterday.
Over 1,000 North Sea workers to vote on strikes as multiple ballots open
Multiple strike votes, covering hundreds of oil and gas workers employed by some of the North Sea’s biggest contractors, officially open today.
Reabold Resources adds 201 million barrels to North Sea reserves
Operator Reabold Resources (LON: RBD) has added 201 million barrels of oil equivalent (MMboe) of prospective resources to its portfolio.
Var Energi doubles yearly profits on higher oil and gas prices
Var Energi (OSLO: VAR) has continued the recent trend for oil and gas companies by announcing a doubling of its annual profits.
Sweet 16: The key North Sea projects due to come onstream before 2027
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.
Video shows view from the top of huge Aberdeen oil rig
A worker scaled the Noble Innovator, providing sweeping views of Aberdeen from the 200-metre jackup legs.
From COP26 to BiFab: A look at Sturgeon’s energy record as FM announces resignation
Scotland’s longest serving First Minister, Nicola Sturgeon is to resign after more than eight years at the helm.
Well-Safe Solutions teams up with Apache to decommission North Sea wells
Well-Safe Solutions and Apache (NASDAQ: APA) have struck a multi-year framework deal to decommission wells in the North Sea.
Images: Neptune marks fifth birthday with wooden replica of North Sea platform
A wooden replica of a North Sea gas platform – something of a departure from the usual cake, balloons and party hats.
EPL relief ‘not enough’ to offset impact on new North Sea project profitability, says economist
November’s changes to the oil and gas windfall tax have had a “significant impact” on the profitability of new projects, analysis has found.
Update: Bilfinger to roll out pay award ‘in coming weeks’ as Unite readies to ballot 700 workers
The wave of offshore industrial unrest that has dogged the North Sea for much of the last year doesn’t appear to be letting up.
Around 30 North Sea platforms at risk of ‘shutdown’ as union ballots 300 workers on strikes
Hundreds of offshore workers are to vote on industrial action, in a move union officials claim could force numerous North Sea platforms to shutdown.
Jobs boom as First Tech eyes ‘best ever year’
Dozens of employees have been added to energy services group First Tech as the firm targets its “best ever year” for turnover.
NSTA’s first new ventures director on laying the tracks for the future of the industry
In response to its broadening remit, the NSTA recently appointed Andy Brooks as its first director of new ventures.
Turbine installation work paused at Scotland’s largest offshore wind farm
Work to fit the remaining turbines at Scotland’s largest offshore wind farm has paused, the developer has confirmed.
Shell Pensacola discovery opens ‘new play fairway’ in North Sea
The largest discovery in a decade for the region will now open up more than a dozen other prospects in the Southern North Sea.