Failure on D&I could cut oil firms’ funding, warns North Sea’s top producer
Failing to meet diversity and inclusion (D&I) targets could see oil firms’ access to funding being cut, the North Sea’s largest producer has warned.
North Sea
Reabold bosses pledge to ‘start addressing’ low share price ahead of crunch vote
Bosses at Reabold Resources (LON: RBD) have pleaded with shareholders to “stick with” them ahead of a crunch vote next week.
North Sea services company splits in two, nets over £200m of fresh backing
A leading North Sea contractor has split in two as it looks to maximise opportunities in different energy markets.
Spotted? Workers catch glimpse of North Sea rig being broken up in Turkey
Workers appear to have caught a glimpse of a North Sea oil rig being broken up at a yard in Turkey.
Abandoned North Sea oil wells could become production base for ‘gold hydrogen’
With the number of depleted oil and gas wells steadily on the up, a revolutionary initiative is aiming to put them to good use.
North Sea firm hits back after Miliband says Labour will oppose offshore drilling
A North Sea oil and gas company has taken aim at the shadow climate and net zero secretary after he reinforced Labour’s opposition to new drilling.
TAQA in decommissioning push as North Sea assets enter final decade
“In the early 2030s we will have probably removed all of the assets we have operating at the moment,” says David Wilson, decommissioning and projects director at TAQA (ADX: TAQA).
‘The OIL Machine’: Film on North Sea industry to hit cinemas ahead of COP27
A film spotlighting the “economic, historical and emotional entanglement” of the North Sea oil and gas industry will hit UK cinemas today (Nov 4) – days before COP27.
Ithaca Energy eyes valuation of up to £3.1 billion
Ithaca Energy, one of the North Sea's largest producers, could command a market valuation of up to £3.1 billion when it trades publicly next week.
BP assessing opportunities in North Sea and beyond amid supply chain constraints
The top finance boss at BP (LON: BP) said the firm is assessing the best oil and gas opportunities in its global portfolio for next year, but said the firm “won’t ramp up” without a secure supply chain.
Shell on road to Victory as it completes takeover of Corallian from Reabold
Supermajor Shell (LON: SHEL) has formally completed the acquisition of West of Shetland operator Corallian Energy.
Drilling firm Dolphin eyes ‘$10bn of UK North Sea project sanctions in 2023’
Aberdeen-headquartered Dolphin Drilling (OL: DDRIL) has given a bullish outlook to its shareholders, highlighting that it expects UK North Sea project sanctions to exceed $10bn in 2023.
UK Govt mulls windfall tax extension as figures show 700% increase in payments
Chancellor Jeremy Hunt is considering an expansion of the North Sea windfall tax - despite figures showing a near-700% increase in payments over the last year.
CNOOC comments on potential sale of North Sea assets
One of the top bosses at China’s CNOOC has refused to rule out a sale of its North Sea assets amid mounting speculation on its UK portfolio.
NEO strikes deal with Equinor on 100m barrel North Sea prospect
NEO Energy has become operator of the Isolde exploration target in the UK North Sea after striking a deal with Equinor.
New questions arise on decom fate for controversial Shell Brent legs
Fresh questions have risen on whether Shell will be allowed to leave the huge legs of the Brent field in the North Sea.
Island Drilling lands $30m UK contract with Dana Petroleum
Island Drilling has been awarded a UK contract with Dana Petroleum worth around $30 million.
‘No Reabold without us’, say company bosses ahead of crucial shareholder vote
Bosses at Reabold Resources are fighting their corner ahead of an upcoming showdown with a minor shareholder group aiming to replace them.
Var Energi posts Q3 profits of £1bn, revises Balder X schedule
Norwegian operator Var Energi (OSLO: VAR) has posted pre-tax profits of £1 billion for the third quarter of the year.
Odfjell Drilling pulled up by watchdog after 35 tonne slip joint dropped onto seafloor
An inquiry into an offshore lifting incident - that ended up with a piece of kit falling onto the seabed - has been published.
OEUK urges Sunak to use UK’s remaining gas and oil
Offshore Energies UK (OEUK) has underlined the need for fiscal and regulatory stability as Rishi Sunak prepares to enter Number 10.
Turbine installation at Equinor’s Hywind Tampen put on hold for winter
Equinor has pressed pause on the installation of the final few turbines for the Hywind Tampen project, a floating wind boss at the company has confirmed.
Monetise, don’t merge, shareholder tells Capricorn
Capricorn Energy should abandon its proposed merger with NewMed Energy and opt instead to liquidate its assets, a shareholder has said.
Petrogas unveiled as farm-in partner for Cornerstone North Sea assets
Petrogas has revealed itself as the mystery buyer of stakes in a pair of North Sea assets owned by Cornerstone Resources.
Neptune teases $1bn investment if Dutch Government brings in oil and gas spend relief
Neptune Energy is calling on the Dutch government to introduce an investment allowance in its plans to raise levies on energy companies.