Taqa profits surge on higher oil and gas prices and North Sea production
Higher oil and gas prices saw a surge in profits for the UAE state-owned energy firm Taqa.
oil and gas
UK rejects alliance seeking fixed date on fossil fuel phaseout
The UK won’t join an alliance of countries fixing a date to phase out fossil fuel production, which critics argue calls into question the host nation's climate leadership.
Deltic moves ‘conveyor belt of prospects’ forward with Cairn farm-out
Deltic Energy has completed its farm out of five North Sea gas licences to Cairn Energy.
Thousands of youth activists march through Glasgow demanding COP26 climate action
Youth activists are taking to the streets of Glasgow to demand action on climate change from leaders and politicians as the Cop26 talks continue.
Marubeni confirms sale of North Sea business to Ithaca Energy
Japanese trading house Marubeni has confirmed the sale of its North Sea business to Ithaca Energy.
‘Today, it jars’: Over 40% of Aberdeen oil firms have not signed up to net zero targets, finds survey
A significant percentage of oil and gas firms in the Aberdeen area are yet to sign up to net zero targets, according to a new survey from the chamber of commerce and accountancy firm KPMG.
Scots oil firm Cairn Energy to change name to Capricorn
Scottish oil firm Cairn Energy (LON: CNE) has announced it will change its name to Capricorn Energy, effective from December 13.
North Sea strikes averted as Petrofac reaches pay deal with Unite
Strikes have been averted after Unite the union reached a pay deal with Petrofac covering around 100 North Sea workers.
UK oil and gas industry to hold virtual remembrance service this weekend
A virtual service will take place this weekend in remembrance of those who have died working in the offshore oil and gas industry.
An independent Scotland would continue drilling for oil and gas, says net zero secretary
Scotland’s net zero secretary has said Holyrood would allow North Sea oil and gas exploration, if the country were to break away from the rest of the UK.
BP ‘not struggling’ to attract graduates to work in oil, says CEO
BP has insisted that it is “not struggling” to convince graduates to enter the oil and gas industry.
Jeremy Cresswell: There are deep pockets associated with Acorn… so get on with it anyway
I didn’t want to revisit the UK’s carbon capture debacle so soon, but the decision to demote Scotland’s Acorn project to the second division has forced my hand.
Aberdeen’s all-energy opportunity on the agenda at Grant Thornton roundtable
“I really believe we’re just in a 1-2 year window of this going from oil and gas to all energy”, David Currie, group CEO of Proserv, said, “the question for me is: Can Aberdeen come with it?”
Offshore wind spending ‘closing the gap on oil and gas’
Spending on offshore wind is closing the gap on oil and gas, and is expected to surpass it in key markets by 2030.
COP26: Sturgeon calls oil and gas Scotland’s ‘most difficult’ issue
Nicola Sturgeon has described oil and gas as the “most difficult” issue for Scotland to confront, speaking on the opening day of the COP26 climate conference.
Net zero flurry confirmed the oil and gas sector’s core role in achieving net zero
Last month saw the UK Government unveil its Net Zero Strategy, the Treasury publish its Net Zero Review and the Department for Business Energy & Industrial Strategy give its go-ahead for the UK’s first two carbon capture projects.
McKinsey: The big choices facing oil leaders as the transition ramps up
Since the start of the Covid-19 pandemic, the energy industry has had to face up to challenges that would have seemed unimaginable a few years ago.
UK Treasury predicts £1.4billion boost from North Sea tax receipts as COP26 looms
The UK Treasury has increased its expectations for tax receipts from the North Sea oil and gas sector ahead of the COP26 climate conference.
Aker Solutions expects ‘increased market activity’ despite Q3 profits dip
Aker Solutions said it is expecting “increased market activity” going forward after profits dropped in the third quarter.
BP to still be producing oil in 2050, believes operations boss
BP believes it will still be producing oil and gas in 2050, despite increasing calls for the industry to face the chop.
Petrofac falls deeper into losses as bribery fine and ‘challenging conditions’ prevail
Petrofac fell deeper into pre-tax losses in the first half of 2021 as “challenging market conditions” and a fraud squad fine continued to impact the business.
Sturgeon: Scottish Government no longer supports ‘unlimited’ oil and gas recovery
Nicola Sturgeon has said that unlimited recovery of oil and gas is “not sustainable” in keynote speech delivered in run-up to COP26.
Diversity celebrated at AFBE-UK awards
Hundreds of people gathered at a special awards event to celebrate diversity and inclusion in the energy industry.
Fossil fuel production to soar over next decade, warns UN climate report
Countries are planning production of oil, coal and gas over the next decade at levels that is "dangerously" out of sync with targets to curb climate change, the UN has warned.
Shell kicks off production at Arran field in North Sea
Shell has started production from the Arran field in the North Sea, the latest in a series of projects to rejuvenate the Shearwater production hub.