Serica subsidiary Tailwind Energy receives North Sea block in 33rd licensing round
Tailwind Energy, a subsidiary of London-listed (LON: SQZ) Serica Energy, has been awarded a 100% interest in a North Sea block as part of the 33rd licensing round.
North Sea
BP achieves $3.29 billion profit in third quarter results
Energy giant BP (LON: BP) has unveiled its third quarter results, reporting underlying replacement costs profits of $3.29 billion (£2.7bn).
Environmental groups lambast ‘despicable decision’ to award new North Sea licences
Environmental campaign groups have criticised the latest awarding of new oil and gas licences by the North Sea Transition Authority (NSTA).
Aker Solutions delivers third quarter results, surpassing £1 billion in revenue
Norwegian oil and gas services firm Aker Solutions has delivered its third quarter results, achieving NOK 14.3 billion (£1.06 billion) in revenue.
Opinion: Is the oil and gas sector becoming more attractive to private equity investors?
A 2020 study by McKinsey stated, ‘The oil and gas industry accounts for 42% of global emissions…in addition, it produces the fuels that create another 33% of global emissions.’
First look: Footage released of ‘horror’ video game set on 1970s North Sea oil rig
Still Wakes the Deep, which is set on a collapsing oil rig in Scotland’s North Sea, will be launched early next year.
Aberdeen’s Ashtead Technology signs exclusive agreement for Australian subsea robots
Aberdeen subsea equipment provider Ashtead Technology has signed an exclusive rental agreement with Australian firm Reach Robotics.
Global Underwater Hub report finds supply chain capability high, lack of project visibility threatening confidence
A report by the Global Underwater Hub (GUH) released today has emphasised the strength of the UK supply chain but warns a continuing lack of project surety is impeding necessary investment.
Orcadian granted conditional extension to North Sea Pilot licence
Orcadian Energy has announced the North Sea Transition Authority (NSTA) is prepared to grant a two-year extension on its P2244 licence in the Pilot field, subject to certain conditions.
SLB to deploy Plexus technology in new North Sea well plugging project
Aberdeen oil and gas engineering services firm Plexus Holdings has been awarded an equipment contract for a new North Sea plug and abandonment (P&A) project by SLB (NYSE: SLB).
Aberdeen’s Balmoral claims new product will make more offshore wind projects viable
The development could limit the need for expensive rock armour around offshore wind structures.
Petrofac awarded multi-million pound North Sea decommissioning contract by Saipem
Italian oilfield services firm Saipem (BIT: SPM) has awarded Petrofac a new multi-million-pound deal to support the decommissioning of a platform in the UK sector of the North Sea.
Equinor’s Breidablikk field starts production four months early
Equinor has announced production from the Breidablikk field in the North Sea began on October 20, four months ahead of schedule.
Greenpeace vows to appeal after losing court challenge to new North Sea oil and gas licenses
Environmental campaign group Greenpeace has vowed to appeal after it lost a legal challenge against a new major UK oil and gas licensing round.
Norway delays bids for Utsira Nord offshore wind zone
The bid deadline for the Utsira Nord offshore wind zone has been delayed to 2024, while the deadline for Sørlige Nordsjø II has also been pushed back due to changes in the bidding criteria.
Ocean Installer awarded Eirin gas field subsea tie-back contract
Norwegian firm Ocean Installer will complete a subsea tie-back of Eirin gas field after securing a contract from Equinor.
Aberdeen’s Centurion Group revenue soars to record £550m
Revenue at Aberdeen-based energy services firm Centurion Group more than doubled to almost £550 million last year.
Unite union and Petrofac end pay dispute over ‘clawback’ policy
The union representing around 85 offshore workers employed by Petrofac (LON: PFC) has announced an end to a pay dispute centred on 'clawback' entitlements.
Cerulean: Regulator to crack electrification whip as NSTD targets loom
In spite of the multiple pressures facing the North Sea, or possibly because of them, the need to decarbonise oil and gas production remains paramount.
Decarbonisation conference lauds progress, but warns UK could soon ‘lag behind’ global leaders
Over 200 energy industry leaders gathered in Aberdeen today as Offshore Energies UK (OEUK) held its first ever decarbonisation conference.
‘Disappointing’ lack of wells risks early North Sea decline, warns NSTA
Assets are at risk of being shut down early, says the regulator, as the number of wells drilled drops.
Methanol has ‘large potential’ to slash UK oil and gas emissions
Operators need a fast solution on their emissions problem. As enthusiasm wanes on North Sea electrification, experts say alternative fuels offer an answer.
Exclusive: Three60 Energy acquires Pryme Group and Flexlife to create £200m revenue business
Aberdeen-based energy services firm Three60 Energy has announced it will acquire fellow Scottish firms Pryme Group and Flexlife, creating a £200 million revenue business.
From ‘angry and frustrated’ to ‘sense at last’: Shetlanders react to Rosebank oil field off their coast
Shetland has a long history of involvement in the North Sea oil and gas industry, and now the Rosebank oil field looks set to continue that history for decades to come.
Norway grants ConocoPhillips start-up consent for £1 billion Tommeliten A field
Norwegian authorities have granted ConocoPhillips start-up consent for its NOK 13 billion (£1 billion) Tommeliten A cross-border gas field.