Firms ‘forced to refuse work’ as staff costs rise
Rising wages and pay settlements are now the biggest driver of inflation for businesses in the north-east of Scotland, according to new economic data.
North Sea
New development well completed at Tailwind’s Gannet E project
Drilling of the fourth well in the Gannet E expansion project has been safely completed, on time and on budget.
A North Sea flaring league table? It’s one idea mooted by MPs
Final day showdowns, mid-table mediocrity, relegation battles, underdogs, six-pointers – all things associated with the highs and lows of league sport.
Winds of change for the North Sea
Change has swept through our industry in 2022. At the start of the year, we re-branded to reflect our evolution to embrace organisations that not only have an interest in oil and gas but also carbon capture and storage, hydrogen and offshore wind.
INTOG gives Scotland a chance to lead by example
In August 2021 Marine Scotland released “The Offshore Wind Energy for Innovation Projects and Targeted Oil and Gas Decarbonisation (INTOG) Planning Specification and Context” report for public consultation. Within a year , Marine Scotland had identified areas it considered suitable for such developments and on August 10, 2022 the INTOG leasing round opened for applications, closing on November 18.
Episodes 1 and 2 of ‘The Rig’ drop today – here is what to expect
After months of teasers, discussion and the odd health and safety query, Amazon Prime’s much-anticipated show ‘The Rig’ is finally here.
Transocean unveils UK deals as part of $488m awards
Transocean (NYSE: RIG) has unveiled a pair of UK North Sea contract wins as part of a clutch of global awards worth $488m.
Finding the right balance with organisational culture
The perception that every company working in oil and gas enjoys inflated margins is a myth that needs to be dispelled, writes ASCO's Peter France.
Five key moments from Ben van Beurden’s tenure, as Shell CEO heads for exit door
As far as timeframes in which to lead one of the world’s biggest oil and gas companies go, Ben van Beurden picked a rocky one.
Can the oil and gas sector win friends and influence people in 2023?
In late 2022, I attended the World Energy Capital Assembly in London, where leading energy executives, financiers and investors gather to look at the future of the oil and gas industry. Coming at the tail end of a year largely characterised by doom and gloom – war, and political and economic uncertainty – it offered a chance to gauge the mood of the sector.
Access to contractors will be ‘more important than ever’ in 2023, as IR35 debate rumbles on
Issues around off-payroll working rules are likely to continue to rear their head next year as demand for sparse skills increases.
A windfall of unintended consequences
What are ‘historically more normal prices’? Through 2022 the Brent oil price averaged about $100 a barrel (bbl), up around 40% on 2021. This follows a volatile 12 months where prices started the year at $78/bbl, reaching a peak of $130/bbl in March following Russia’s invasion of Ukraine.
Sir Ian Wood: Time to reflect on domestic energy security
The former oil and gas business giant says the windfall tax "must be revisited as a priority".
The oil and gas year in review
2022 has been a year of challenge with the effects of the Covid-19 pandemic still impacting markets and the war in Ukraine affecting so many. Consequences of such a tumultuous year include the energy supply crisis, the fluctuation in commodity prices, the cost-of-living crisis and the onset of recession, which are all inextricably linked.
How are we helping the offshore energy supply chain?
How is the North Sea supply chain being supported, amid concerns over crippling costs and poor visibility on opportunties?
BP field at centre of 6 tonne North Sea gas leak, the largest since 2020
Light has been shed on a major unplanned gas release that occurred on a BP (LON: BP) North Sea field earlier this year.
Gazprom pays itself £28.7m dividend from UK North Sea business
Gazprom has stakes in five licences in the UK North Sea.
Prism Energy bags deal for host of Ithaca projects, including Cambo
Prism Energy, of Aberdeen, has announced a one-year contract with Ithaca Energy for the use of the former’s digital project management system.
Warnings North Sea oil and gas push could scupper offshore wind rollout
Plans to accelerate the rollout of offshore wind in the UK could be knocked off course by renewed oil and gas activity, as both sectors compete for the same resources.
Govt report on impact of IR35 reforms ‘fails to tell full story’, says expert
An employment expert has slammed a UK Government report into the short-term impacts of loathed IR35 reforms.
New Shell CEO was ‘strong supporter’ of UK investment while Upstream chief, says North Sea boss
Simon Roddy of Shell says incoming CEO Wael Sawan has already given support to new North Sea projects like Penguins, Pierce and Jackdaw.
Certainty over North Sea licensing and project pipeline to spur spend on new skills
There are hopes a solid pipeline of offshore projects will push firms to invest in the next generation of energy workers.
Former CNR International boss David Whitehouse announced as new OEUK CEO
A North Sea veteran, who spent 20 years working for CNR International, has been unveiled as OEUK’s new chief executive.
Ping Petroleum presses ahead with ‘pioneering’ Avalon oilfield in UK North Sea
Ping Petroleum is pressing ahead with plans to develop the Avalon field in the UK North Sea, hailed by bosses as a “pioneering scheme” to slash production emissions from oil and gas.
Oil firms seek windfall tax price floor in meeting with Jeremy Hunt
Chancellor Jeremy Hunt is due to hold a meeting on Friday on the windfall tax, Energy Voice understands, with oil and gas executives seeking a price floor to the levy.