The long arm of the law: North Sea assets as targets for protests
Located dozens of miles out to sea, it would stand to reason that oil and gas assets are unlikely targets for protestors – for the sake of convenience if nothing else.
North Sea
Over 6,000 visitors expected at Aberdeen’s Subsea Expo 2023
Subsea Expo, the global underwater showcase in Aberdeen, is set to return to pre-pandemic numbers this year, with more than 6,000 visitors expected.
Harbour Energy confirms cuts to North Sea spending as it bares windfall tax hit
Harbour Energy (LON: HBR) has confirmed cuts to its planned UK spend in response to Westminster’s tinkering of the tax regime.
Experts warn windfall tax may hit demand for Aberdeen office take-up this year after buoyant 2022
Commercial property experts fear a North Sea oil and gas slowdown caused by the windfall tax could put an Aberdeen office market recovery into reverse.
Petrofac workers on BP assets resume strikes after talks break down
Petrofac (LON: PFC) employees on a host of BP (LON: BP) North Sea assets downed tools this morning after negotiations stalled.
EnQuest CEO takes shot at ‘particularly unstable’ UK tax system
Interview suggests North Sea was the high-growth area for EnQuest, but could be replaced by Asia in wake of the UK windfall tax
Archer and IKM in for Baker Hughes’ pumping and tubing division
A pair of firms are making a play for Baker Hughes’ coil tubing and pumping business, potentially paving the way for its takeover of rival Altus Intervention.
UK minister slams Scottish energy strategy as ‘environmental nonsense’
Graham Stuart says oil and gas is not ‘some terrible Tory choice’ but the ‘nature of this economy’
French giant TotalEnergies accounting for $1bn windfall tax hit ahead of 2022 results
North Sea operator TotalEnergies (LON: TTE) expects to shell out millions of pounds to the UK Government, as a result of the divisive windfall tax.
Only six big-spend projects for UK North Sea in coming years
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Oil and gas companies lodge over 100 bids in North Sea licensing round
More than 100 bids have been lodged for the UK’s 33rd offshore oil and gas licensing round, the industry regulator has confirmed.
Investors could ‘withdraw’ from Acorn CCS project over delays – Matheson
Meanwhile the UK Government has pledged an update on Track 2 - part of its £1bn carbon capture fund - in spring.
A ‘cheap shot’, ‘ill informed’ – oil workers united in opinion of Scot Gov energy strategy
North Sea workers have had their say on Holyrood’s plan for accelerating the decline of the oil and gas industry.
UK Gov’s IR35 flip-flopping did not incur ‘any additional costs’, says minister
Westminster’s U-turn on plans to roll back loathed off-payroll working rules appears not to have had any impact on public coffers.
Over 200 Petrofac workers to receive £18k pay increase after accepting offer
Dozens of offshore workers are to benefit from a hefty pay increase after a long-running dispute was brought to an end.
Valaris lands a series UK North Sea contracts
Rig operator Valaris has unveiled a series of new contracts and extensions in the UK North Sea.
Serica boss addresses investor concern on whether Triton FPSO is ‘fit for purpose’
Dana Petroleum, which operates Triton, was cautioned last year by the HSE after it found employees were put at risk of exposure to legionella bacteria on board.
Hurricane board to stay on after activist investor backs off
Hurricane Energy’s (LON: HUR) top brass are to remain in charge after being given a stay of execution by the company’s top backer.
Anger as Rishi Sunak claims SNP ‘do not want to support’ North Sea energy industry
SNP plans to move away from oil and gas production in the North Sea as quickly as possible have been heavily criticised by the prime minister.
Shell finds gas at hotly-tipped North Sea well Pensacola
Partner Deltic Energy saw its share price rocket by 50% on the news.
Recap: Hurricane Energy prepares for latest showdown with largest shareholder
Meanwhile, Hurricane said it has had "multiple proposals from credible counterparties" on its process to sell the company.
Chronic shortage of vessels a risk to offshore wind rollout, but good news for operators
By the end of the decade, the UK is aiming to have 50 gigawatts (GW) worth of turbines spinning in the sea.
Explainer: The North Sea at centre of new Scottish energy policy
Depending on your point of view, the Scottish Government’s new energy strategy is either a “breathtaking betrayal”, or “welcome” and “correct” – or maybe you’re somewhere in the middle.
Harbour Energy projected for $5.5bn windfall tax payments by analyst
Revisions to the windfall tax – or energy profits levy – increased the estimated bill of Harbour Energy (LON:HBR) by over $2bn, according to analysis.
Oil and gas publication – Tea Shack News – returns after 4-year hiatus
A well-known and much revered oil and gas workforce publication makes its return today after a four year absence.