Taqa toasts £1.1 billion profits as oil and gas prices surge
Abu Dhabi state energy firm Taqa toasted a 54% surge in profits for the first half of 2022 amid an oil and gas price windfall.
North Sea
Diamond Offshore lands $610m contracts including UK gig for Ocean GreatWhite
Diamond Offshore (NYSE: DO) has been awarded $610 million of new contracts, with a new gig in the UK North Sea for the Ocean GreatWhite.
Gallery: ‘End of an era’ as Foinaven FPSO arrives at Hunterston from BP oilfield
The former production ship for a BP (LON:BP) oilfield in the West of Shetland has arrived at Hunterston for partial decommissioning.
Macquarie targets North Sea as the green energy hub of Europe
Macquarie Group is betting the North Sea - engine of the UK’s once-booming oil and gas industry - can be transformed into the green energy hub of Europe.
Shell North Sea gas prospect dubbed a ‘key’ well to watch by Westwood
A Shell (LON:SHEL) exploration target in the North Sea has been named among Westwood Global Energy Group’s ‘key wells to watch’ for the rest of 2022.
CNR International announces ‘special dividend’ as oil profits continue swell
North Sea operator CNR International is poised to hand millions of dollars back to shareholders after a bountiful start to the year.
Safety fears flagged ahead of imminent strike on Foinaven FPSO
There are concerns for the safety of crew aboard the Foinaven floating production, storage and offloading (FPSO) ship ahead of planned strikes this week.
Ancala Midstream marks 30 years since start-up of SAGE pipeline system
Ancala Midstream, the operator of major North Sea infrastructure, is celebrating three decades of supplying gas to UK homes.
Hibiscus preparing contracts for Teal West project
Hibiscus Petroleum (KLS: HIBISCS) is preparing a number of subsea contracts in relation to its Teal West project in the UK North Sea.
Operator i3 Energy completes Serenity farm-out to Europa Oil and Gas
I3 Energy has completed a farm-out of a 25% working interest in its Serenity field to Europa Oil and Gas.
UK well slot: Orlov awaits after Edinburgh dud
As of 25 July, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS.
Parkmead pulls in Gneiss to help find Greater Perth Area partner
Parkmead Group (LON: PMG) has launched a farm-out process for the Greater Perth Area (GPA) project in the Central North Sea.
First gas from Shell Pierce redevelopment slated for autumn, all eyes on China for Penguins FPSO sailaway
A slight delay to the start-up of the Pierce gas expansion project in the UK North Sea has been confirmed.
van Beurden defends record Shell profits in face of soaring energy bills
Ben van Beurden has claimed high oil and gas prices aren’t the sole reason for Shell (LON: SHEL) posting record for profits for the second quarter in a row.
Shell position on Cambo ‘hasn’t changed’, despite reports to the contrary
There has been no change to Shell’s stance on Cambo and it still has no intention to progress the field, the company’s chief executive has confirmed.
Mermaid Subsea Services takes plunge with ambitious move
The UK arm of global firm Mermaid Subsea Services (MSS) plans to significantly grow its headcount in the north-east following a move to new premises in Westhill.
Government urged to shed light on ‘Track 2’ timeline following CCS report
UK Government is being urged to give urgent clarity about future support for carbon capture and storage (CCS) projects.
Petrofac passes 20 years on Kittiwake with new EnQuest extension
Petrofac (LON: PFC) has landed a contract extension with EnQuest – taking it beyond 20 years as the duty holder on the Kittiwake asset in the North Sea.
‘Urgent action’ needed to ensure north-east is at heart of UK’s £100 billion CCS industry
Carbon capture and storage (CCS) could create and underpin thousands of green jobs in the north and north-east of Scotland in the coming years.
Var Energi to pay out $1bn in dividends in 2022
Norwegian exploration and production firm Var Energi (OSLO: VAR) expects to dish out a minimum of $1 billion in dividends this year.
Shell and Deltic Energy invest in high-impact North Sea exploration well
Shell (LON: SHEL) and Deltic Energy (LON: DELT) have decided to invest in a high-impact exploration well in the UK North Sea.
Kwarteng meeting with North Sea oil firms on windfall tax
UK business secretary Kwasi Kwarteng will meet with North Sea oil and gas producers today to discuss the government’s windfall tax.
Shell gives investment green light to Jackdaw gas field in North Sea
Shell (LON: SHEL) has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea.
Unite members on Foinaven FPSO vote to down tools over ‘inferior’ redundancy package
Workers on a North Sea vessel are poised to down tools next month in a dispute over redundancy packages.
‘Surprise visitors’ as turbine tech spots Minke whales at Scottish wind farm
Stunning footage has been captured of whales making a surprise visit to turbine technicians at a North Sea wind farm.