Petrofac strikes to take place on BP North Sea assets
Dozens of Petrofac (LON: PFC) workers on BP (LON: BP) assets in the North Sea and West of Shetland are to take part in strikes in a dispute over offshore shift rotas.
North Sea
North Sea faces rig market risk as vessels leave for better prospects
Rigs are leaving the North Sea for better prospects elsewhere, leaving a risk to availability as oil and gas projects are expected to ramp up in 2024.
Tributes paid to Chevron veteran and ‘voice of Step Change in Safety’, Jim Trodden
Numerous tributes have been paid by industry figures to Jim Trodden, best known as the “unmistakably recognisable voice” of Step Change in Safety.
North Sea union boss predicts ‘national strike’ across oil and gas industry
A leading north-east trade union figure is forecasting a glut of offshore strikes across the whole oil and gas sector.
Hibiscus resolves long-standing riser issues at Anasuria FPSO
Issues with a production riser at the Anasuria FPSO have finally been fixed, more than a year after the fault cropped up.
Parkmead achieves record full year profits as it moves on North Sea prospects
Parkmead Group (LON: PMG) is toasting a set of “excellent” full year results, with bumper oil and gas prices driving the firm to record takings.
Reports: Oil giant Shell to review £25bn of spend after windfall tax hike
Supermajor Shell (LON: SHEL) is to review as much as £25 billion of UK investments following the government’s decision to ramp up the windfall tax.
North Sea floating wind farm signals intention to spend £419m in UK
Supply chain information, setting out how a key North Sea floating wind farm plans to use local content, has been published by Crown Estate Scotland.
North Sea to spend £20bn on decom, with 2,000 wells to be plugged over next decade
More than 2,000 North Sea wells are poised to be decommissioned over the next decade, an average of just shy of four a week.
31% chance of success for Finder Energy at 67m barrel North Sea prospect
Australian firm Finder Energy (ASX: FDR) has shared details of its chances of success (COS) on its P2524 licence in the UK North Sea.
Marine growth on rigs to be recycled
Scientists hope to show marine growth on inactive North Sea oil and gas platforms can be turned into fish and animal feeds.
Autumn budget ‘borne out some of worst fears’ for North Sea
Energy analysts have given their take on Jeremy Hunt’s decision to ratchet up the North Sea oil and gas windfall tax.
Treasury takings from oil and gas could hit all time high in 2023-24
Prolonged high oil and gas prices and the new windfall tax mean the UK Government could soon set a new record for tax receipts from the sector.
Prolific North Sea buyer Waldorf Production seeks $2bn for more deals
Waldorf Production, a prolific buyer of oil and gas exploration assets in the North Sea, is seeking to raise as much as $2 billion to help bankroll more deals, people with knowledge of the matter said.
Reabold shareholders vote to stick with company’s board
Shareholders in Reabold Resources have put their faith in the North Sea firm’s board to deliver on their promises, snubbing an attempt to replace them.
‘No more tax changes after this’: Industry execs with key asks on Autumn Budget windfall tax
With an expected surge in the windfall tax in today's Autumn Budget, North Sea industry executives have set out their key asks for chancellor Jeremy Hunt.
‘Inevitable’ North Sea will remain a target for Treasury, says KPMG boss
A financial expert says the oil and gas industry is up against it to deliver for the UK against the backdrop of a growing windfall tax.
If there’s an oil and gas windfall tax, give us a green freeport
With an increase in the tax imposed on North Sea oil and gas is considered “inevitable”, a speaker at a business event in Aberdeen called for the north-east region to be recompensed with a green free port to ensure jobs are retained and the transition to low carbon energy is achieved.
‘Machiavellian manoeuvres’ and UK high taxes put energy transition at risk – survey
Political instability has been flagged by the UK energy sector as the biggest obstacle to companies transitioning to net zero, according to a new report.
Reabold Requisition group pledges to stop ‘knee jerk’ decision making
One of the individuals hoping to takeover control of oil and gas firm Reabold Resources (LON: RBD) say they plan to “stop the knee jerk” decision making.
With the Autumn Budget due, a North Sea windfall tax expansion looms
There was once a time when grandiose economic statements were something of a collector’s item.
Exclusive: North Sea firm urges chancellor for ‘small fields’ windfall tax allowance
A North Sea firm has asked Jeremy Hunt to provide a “small fields allowance” in the windfall tax, reinstating legislation from George Osborne’s era in the Treasury.
Full speaker line up unveiled for AREG Energy Futures conference 2022
The future of offshore renewables, Scotland’s hydrogen ambition, the changing supply chain, skills, and the transformation of the workforce will be amongst the major talking points at AREG’s inaugural Energy Futures Event next Conference and Exhibition next week.
Decom North Sea plotting rebrand as it seeks to rekindle ‘mojo’
After a tough few years for Decom North Sea (DNS), a new leadership team is now ready to give the organisation some deserved “love and attention”.
Watch: Boxing legend Amir Khan urges shareholders to deliver knockout blow to board of North Sea firm
A rebel investor group - that is hoping to oust the board of a North Sea oil and gas company - has secured backing from an unlikely supporter.