Podcast: What’s holding up the North Sea’s £200bn prize? – with David Whitehouse
A “colossal” £200bn could be spent in the UK North Sea by 2030, but about half of that is in investment doldrums over political uncertainty.
North Sea
Stepwise launches emissions reduction pilot with Serica Energy
Environmental services firm Stepwise has announced a pilot project with North Sea operator Serica Energy to reduce emissions from offshore oil and gas wells.
Hydrogen ‘bank’ could bring storage at scale to UK North Sea
Aberdeen University is working on a project where hydrogen could be “banked” in depleted oil and gas reservoirs in the UK North Sea.
Rystad: North Sea projects worth $14bn could be sanctioned by 2024, but windfall tax risk remains
All in all the research firm believes there is scope for companies to press the green button on 14 UK North Sea schemes in 2024 alone.
UK ‘completely uncompetitive’ for oil and gas investment, says EnQuest CEO
EnQuest (LON: ENQ) CEO Amjad Bseisu has warned that the UK is “completely uncompetitive” for upstream oil and gas investment.
Chris Cox and Curium Resources going after North Sea’s untapped discoveries
A “fundamental belief” that the UK should be developing its North Sea resources is the big driver behind Chris Cox’s new vehicle, Curium Resources.
Transforming UK energy security in the transition: Viaro Energy and the role of independent producers
With interests in more than 30 fields in the North Sea, Viaro Energy has quickly established itself as a household name on the UK Continental Shelf. Pursuing a strategy of targeted M&A opportunities, the company has consistently capitalised on unfavourable market conditions through continuous investments in both exploration and production assets, made more affordable by the accompanying economic downturn.
TotalEnergies weighs up West of Shetland FIDs
TotalEnergies is weighing up its projects for FID (final investment decision) in the West of Shetland, but the uncertain fiscal regime in the UK may have an impact.
TotalEnergies’ Payer talks skills, safety and diversification in North Sea
UK managing director Nicolas Payer on TotalEnergies' multi-energy plan for the region, and having 'no regrets' on sharing footage of the Storm Otto safety incident on Elgin-Franklin.
Offshore Europe 50: Innovation is in the north-east’s DNA
For the last fifty years, the North Sea energy industry has been synonymous with endeavour, innovation, and achievement.
‘OilyFans’: London agency pitches oil and gas hit campaign (Exclusive)
Following an ‘OilyFans’ billboard sting in July, Don’t Panic is pitching a multi-thousand-pound online hit campaign, complete with a stunt film and deepfakes of oil bosses.
Wave-powered oil fields? Mocean and Aker Solutions target UK pilot project
Aker Solutions and Mocean have signed an agreement which could see UK oil and gas fields powered by wave energy within two years.
Harbour Energy: North Sea’s largest producer falls to post-tax loss
Shares in Harbour Energy (LON: HBR) dipped this morning as the North Sea’s largest producer reported an $8m loss after tax.
Oil and gas sector a ‘political football’ once again, says Deltic Energy chairman
The chairman of Deltic Energy (LON: DELT) believes the oil and gas sector has become a “political football” as battle lines are drawn ahead of the next election.
Oil giants target December 2028 for North Sea electrification scheme
Details on new infrastructure and Aberdeenshire landfall locations for emissions-busting project at Harbour Energy, BP, TotalEnergies and Shell platforms.
TotalEnergies hails milestone at Ailsa FSO
TotalEnergies (XPAR:TTE) has marked a milestone for its Ailsa floating storage and offloading (FSO) vessel in the North Sea.
The UK’s supply chain presents an enormous opportunity – we must grasp it to support jobs and economic growth
As we build this future, there is no simple choice between oil and gas on the one hand and renewables in the other, writes Katy Heidenreich.
Ardersier is just the start: Why US private equity is splashing £300m in the Scottish Highlands
Haventus is eyeing expansion in the UK, Europe and elsewhere, using Ardersier as a template.
Titanic builder Harland and Wolff launches Aberdeen tech business
Aberdeen subsidiary will address ‘a very sizeable business opportunity’ for clean marine tech in the oil and gas market.
Noble Corp wins $28.5m North Sea contract with Harbour Energy
Drilling firm Noble Corporation (NYSE: NE) has been awarded a 10-month gig with Harbour Energy (LON: HBR) in the UK North Sea.
‘We need a sensible fiscal environment’: Harbour Energy and Equinor bosses respond to Shapps summit
"We need a stable and sensible fiscal environment,” said Harbour Energy’s CEO, in order to have confidence to invest long-term.
BP results: How much did it earn and how much windfall tax did it pay?
Energy giant BP (LON: BP) has unveiled its second quarter results, reporting net profits of $2.58bn and providing an outline of its UK windfall tax payments.
Scottish energy secretary hits out at UK Government ‘lack of focus’ on just transition
Scottish Energy Secretary Neil Gray has responded to the UK Government’s North Sea and CCUS announcements.
Graham Stuart: Building on North Sea legacy is critical to UK’s energy future
UK energy minister Graham Stuart discusses the government's CCUS investment and its decision to back further North Sea licences
Sunak confirms support for ‘hundreds’ of new North Sea licences
The licences are expected to be issued in September.