BP sends congratulations to the Queen as she marks Platinum Jubilee
Energy giant BP has sent congratulations to the Queen as she marks her Platinum Jubilee.
North Sea
Queen’s Birthday Honours: Oil and gas veteran Dave Stewart awarded MBE
Well known oil and gas industry veteran Dave Stewart was enjoying a holiday in Portugal when he received a call to tell him he had been awarded an MBE.
Shell given thumbs up by regulators to develop Jackdaw gas field
Shell (LON: SHEL) has received approval to forge ahead with the development of the Jackdaw gas field in the North Sea.
CHC ordered to sell Babcock North Sea business by competition authorities
Helicopter operator CHC has been ordered by the UK's competition watchdog to sell off its newly-acquired Babcock North Sea business.
Tailwind posts 2021 profits of £80m ahead of Evelyn and Gannet E start-up
North Sea oil and gas firm Tailwind Energy has reported 2021 pre-tax profits of more than £80 million.
Windfall tax tipped to hit Ithaca Energy and Harbour Energy particularly hard
An American credit rating agency has named Ithaca Energy as the operator likely to be hit hardest by the UK Government’s oil and gas windfall tax.
Rough: Britain’s largest gas storage site to reopen ‘within months’
Rough, the UK’s largest gas storage site which controversially closed in 2017, is to “reopen within months” according to a report.
UK set for record tax revenue from North Sea – with or without windfall tax
The UK Treasury is set to collect record revenue from oil and gas this year - with or without a windfall tax.
i3 Energy hands Petrofac contract on ‘company-maker’ Serenity well
Petrofac has been named well engineering operator on the upcoming i3 Energy Serenity appraisal.
Kraken FPSO ‘almost impossible to electrify’ but EnQuest looks to creative solution
EnQuest has said its Kraken FPSO is “almost impossible to electrify” and is looking at creative alternatives to decarbonise the asset.
Shell changes tune on windfall tax, says it will increase ‘uncertainty’
Oil giant Shell (LON: SHEL) has backtracked on its previous optimism about the UK Government’s new energy profits levy.
Watch: Boris Johnson says UK has to keep North Sea oil and gas flowing
Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living, and urged companies to boost investment.
Shell Aberdeen garage gears up for Grampian Pride
A Shell garage in Aberdeen has been wrapped in the Pride flag to mark a major LGBT+ celebration in the city tomorrow.
Deirdre Michie: Supporting consumers is essential – damaging the UK energy industry is no way to do it
The Chancellor’s Energy Profits Levy, announced yesterday, is a disappointing and worrying development for industry. The shockwaves will undoubtedly be felt in offshore energy jobs and communities for years to come.
Windfall tax measures could ‘accelerate’ major UK oil projects like Cambo and Rosebank
Windfall tax measures announced by Rishi Sunak could "accelerate" major UK oil and gas projects like Cambo and Rosebank, according to experts.
‘A proportionate response’ – politicians react to oil and gas windfall tax
Plans to enact a windfall tax on the profits of the oil and gas companies have drawn a mixed reaction from political figures.
Altrad to take on 4,000 workers as company strikes deal to buy Doosan Babcock
French industrial services giant Altrad has continued its acquisition spree by snapping up Doosan Babcock for an undisclosed fee.
Industry slams oil and gas windfall tax which will send ‘shockwaves for years to come’
Rishi Sunak has announced a multibillion-pound windfall tax on oil and gas, which the industry has slammed as sending "shockwaves" on jobs, investment and communities.
Cambo owner Ithaca Energy to IPO in London ‘asap’
Ithaca Energy will make its IPO in London “as soon as possible” this year, according to parent firm Delek Group.
Ithaca outlines $444m capital spending for 2022 as Abigail and Captain make progress
Growing North Sea operator Ithaca Energy has set out its expected capital expenditure plans of $444m this year as a pair of projects progress.
Windfall tax risks ‘destabilising £200bn of energy investments’ warns industry chief
A windfall tax, reportedly due to be announced today, risks “destabilising” a planned £200bn of investment in the UK energy system this decade, the industry trade body has warned.
Petrofac open to forming consortium to help deliver key UK low carbon project
An energy transition boss at Petrofac (LON: PFC) has indicated the company would be keen to team up with others to progress a major decarbonisation project.
Energy industry faces ‘excessive wage inflation’ unless it can improve transferability of workers
An imbalance between supply and demand in the energy labour market could send wages through the roof, the head of a leading skills body has projected.
‘No plans to intentionally rebrand or rename’ Piper Alpha gardens
There are “no plans to intentionally rebrand or rename” the gardens containing the Piper Alpha memorial, the Trust behind a mooted redesign has said.
NSTA issues warning on thousands of late payments, but £5bn of supply chain opportunities in the pipeline
North Sea operators have been told to improve after new figures exposed the number of invoices that are not being paid on time.