Scarce high quality oil and gas supplies a threat to ‘healthy energy transition’, says WoodMac
A lack of high quality oil and gas reserves could hamper the pace of decarbonisation as the energy transition gathers pace.
oil and gas
Sweet 16: The key North Sea projects due to come onstream before 2027
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.
From COP26 to BiFab: A look at Sturgeon’s energy record as FM announces resignation
Scotland’s longest serving First Minister, Nicola Sturgeon is to resign after more than eight years at the helm.
Scotland’s Energy Strategy is irrational
Replace oil and gas? Anyone connected to the Scottish energy sector knows that the investment in creating those high skill, high value, high wage jobs simply isn’t happening on anything like the scale it needs to, writes Dick Winchester.
BP’s two-day surge drives FTSE 100 index back to record high
BP (LON: BP) shares rose for a second day to push the UK FTSE 100 index back to a record high after the oil giant on Tuesday pledged to hand more cash back to shareholders.
Sturgeon: those calling energy strategy a ‘betrayal’ haven’t read it properly
Scotland’s First Minister has accused critics of her government’s controversial energy strategy of not engaging with the plan properly.
Dozens of inspection letters reveal recurring HSE problems for North Sea
Salus Technical has compiled a lessons database after combing through nearly 150 inspection letters from HSE for North Sea installations.
No new investment in North Sea oil and gas under Labour, Starmer confirms
A Labour Government would block fresh investment in North Sea oil and gas, its leader has confirmed
French giant TotalEnergies accounting for $1bn windfall tax hit ahead of 2022 results
North Sea operator TotalEnergies (LON: TTE) expects to shell out millions of pounds to the UK Government, as a result of the divisive windfall tax.
Oil and gas companies lodge over 100 bids in North Sea licensing round
More than 100 bids have been lodged for the UK’s 33rd offshore oil and gas licensing round, the industry regulator has confirmed.
Ex-BP CEO calls for end to the ‘demonisation’ of oil and gas industry
A former BP (LON: BP) chief executive has called for an end to “the demonisation of the fossil fuel industry by activists, politicians and the media”.
Anger as Rishi Sunak claims SNP ‘do not want to support’ North Sea energy industry
SNP plans to move away from oil and gas production in the North Sea as quickly as possible have been heavily criticised by the prime minister.
‘Day rates are not there’ for offshore wind workers
Disparity in pay between workers in oil and gas and offshore wind needs to be addressed for the energy transition take place in earnest, according to a recruitment boss.
Explainer: The North Sea at centre of new Scottish energy policy
Depending on your point of view, the Scottish Government’s new energy strategy is either a “breathtaking betrayal”, or “welcome” and “correct” – or maybe you’re somewhere in the middle.
Harbour Energy projected for $5.5bn windfall tax payments by analyst
Revisions to the windfall tax – or energy profits levy – increased the estimated bill of Harbour Energy (LON:HBR) by over $2bn, according to analysis.
Banking giant ING sees oil and gas markets tightening further in 2023
Global oil and gas supplies are on course to tighten further this year as OPEC sticks to its guns and other producers struggle to fill the gap.
Transocean unveils UK deals as part of $488m awards
Transocean (NYSE: RIG) has unveiled a pair of UK North Sea contract wins as part of a clutch of global awards worth $488m.
Can the oil and gas sector win friends and influence people in 2023?
In late 2022, I attended the World Energy Capital Assembly in London, where leading energy executives, financiers and investors gather to look at the future of the oil and gas industry. Coming at the tail end of a year largely characterised by doom and gloom – war, and political and economic uncertainty – it offered a chance to gauge the mood of the sector.
Windfall tax: Top producer Harbour Energy to shun North Sea licensing round
Harbour Energy (LON: HBR), the largest producer in the North Sea, will shun the ongoing licensing round in the UK due to the windfall tax.
Warnings North Sea oil and gas push could scupper offshore wind rollout
Plans to accelerate the rollout of offshore wind in the UK could be knocked off course by renewed oil and gas activity, as both sectors compete for the same resources.
SNP Westminster leader Stephen Flynn plays down oil and gas rift with Sturgeon
Stephen Flynn is just over a day into the job but has already been forced to play down claims of splits within the SNP’s Westminster group.
Hiring: North Sea regulator advertises £118,000 a year decom job
A £118,000 a year decom job is up for grabs at the North Sea industry regulator, the NSTA, after a reshuffle of its top team.
Windfall tax risks ‘destroying’ North Sea production, Tory MPs warn Chancellor
Tory MPs have told Chancellor Jeremy Hunt that the windfall tax on oil and gas companies needs to be watered down to avoid an “existential threat” to the North Sea.
Over 8bn barrels of oil and gas reserves located within 30 miles of North Sea assets, OEUK report finds
Billions of barrels of oil and gas reserves, located near to existing North Sea infrastructure, could hold the key to enhancing UK energy security.
Reabold Requisition group pledges to stop ‘knee jerk’ decision making
One of the individuals hoping to takeover control of oil and gas firm Reabold Resources (LON: RBD) say they plan to “stop the knee jerk” decision making.