IOG makes production cut as North Sea firm delivers first profits
IOG (LON: IOG) has released its first set of profits following the start up of its Saturn Banks project in the North Sea.
North Sea
North Sea giant Harbour Energy sanctions two new projects as profits surge
Harbour Energy (LON: HBR) has sanctioned two new oil and gas projects in the North Sea as its profits swell.
Booming North Sea oil and gas revenues to make Scotland deficit smaller than UK
North Sea oil and gas revenues will make Scotland’s stubbornly high deficit smaller than that of the UK, an economic thinktank has predicted.
Cromarty Firth oil rig headed for recycling yard in Turkey
An oil rig which was blocked from leaving the Cromarty Firth in 2018 has been sold to a Turkish recycling firm for scrapping
Analysis shows lucrative oil giants investing a fraction of profits in renewables
European oil giants are investing a small fraction of their mammoth returns in green energy initiatives, according to analysis.
Neptune Energy begins work on 10th Cygnus gas well
Today Neptune Energy announced it has begun an infill drilling campaign at its operated Cygnus gas field that has enough potential to unlock enough gas to heat an additional 200,000 UK homes per year from this winter.
SEPA-blocked rig preparing for move in Cromarty Firth
An oil rig which was blocked from leaving the Cromarty Firth in 2018 appears to be preparing for a move.
First power achieved from Seagreen, largest wind farm in Scotland
First power has been achieved from Seagreen, the largest offshore wind farm in Scotland.
Hibiscus plans multi-phase Teal West project in North Sea
Hibiscus Petroleum (KLSE: HIBISCS) has hit a key milestone on the road to developing the Teal West project in the UK North Sea.
Sturgeon: ‘There should be another windfall tax’
First Minister Nicola Sturgeon has said there should be another windfall tax on the North Sea, and other firms making similar profits.
PM hopeful Liz Truss pledges to review IR35 contractor tax laws
Liz Truss has pledged to review IR35 tax legislation should she become the next Prime Minister of the UK.
Scottish energy secretary Matheson backs extension of North Sea windfall tax
Scottish energy secretary Michael Matheson has backed an extension to the North Sea windfall tax, and said he would broaden it to a range of other industries.
UK energy companies paying men 20% more than women, figures show
UK energy firms are paying men around 20.2% more than women on average, according to a new study of the sector's gender pay gap.
EnQuest and Repsol Sinopec set out clutch of upcoming decom contracts
North Sea operators EnQuest (LON:ENQ) and Repsol Sinopec Resources UK have set out a series of upcoming decom contracts for nearly 200 oil and gas wells.
‘Worth getting out of bed for’: Regulator predicts £5bn decom spend on North Sea wells by 2027
More than 1,000 North Sea oil and gas wells will be decommissioned over the next five years, the UK regulator has said, carrying a multi-billion-pound prize.
Well-Safe unveils Spirit Energy as first contract for Defender rig
Well-Safe Solutions has named Spirit Energy as the operator for its inaugural contract for its new Defender rig in the North Sea.
Sunak rules out freezing UK energy price cap as Truss holds back
Rishi Sunak has ruled out freezing the UK’s energy price cap if he becomes prime minister, while his rival Liz Truss warned against “throwing money” at a short-term fix for the looming winter bills crisis.
5 things you need to know about the next prime minister after Perth Hustings
Rishi Sunak and Liz Truss set out their plans to halt another independence referendum, but clashed over competing Tory policies to sort out a cost-of-living crisis.
Sanjoy Sen: Next PM should ensure Britain can withstand future energy shocks
You know what they say? Be careful what you wish for.
Poll: Majority of Scots back North Sea industry ahead of aspiring PMs visit north east
A vast majority of Scots say they are in favour of the UK producing its own oil and gas rather than relying upon imports from overseas, according to a poll published as the two who are competing to be elected the UK’s next Prime Minister come to Scotland.
Centrica aiming to reopen Rough gas storage at start of September
Centrica is aiming to start filling up the Rough gas storage facility in "little more than a fortnight".
Next PM urged to shut down windfall tax ‘speculation’ as candidates visit north-east Scotland
The next Prime Minister has been urged to back the energy sector and shut down windfall tax "speculation" as Liz Truss and Rishi Sunak visit North-east Scotland today.
Updated: No impact to employees as Altera Infrastructure announces Chapter 11 bankruptcy
Aberdeen-headquartered Altera Infrastructure (NYSE: ALIN-A) has said there will be no impact on its operations or employees as it enters a Chapter 11 bankruptcy process.
Neptune Energy sees windfall tax threatening investment
Neptune Energy CEO Pete Jones has warned that the UK’s windfall tax on oil and gas profits will threaten long-term investment in the sector, but have limited impact on the firm itself.
‘Thousands’ to stage week of protests against Shell Jackdaw field
Activists have said “thousands of people” will take part in a planned week of protests this month against development of the Shell (LON:Shell) Jackdaw project in the North Sea.