Well-Safe unveils Spirit Energy as first contract for Defender rig
Well-Safe Solutions has named Spirit Energy as the operator for its inaugural contract for its new Defender rig in the North Sea.
oil and gas
UK inflation hits double digits for the first time in 40 years
UK inflation rose more than expected last month to the highest in 40 years, intensifying a squeeze on consumers and adding to pressure for action from the government and Bank of England.
Sunak rules out freezing UK energy price cap as Truss holds back
Rishi Sunak has ruled out freezing the UK’s energy price cap if he becomes prime minister, while his rival Liz Truss warned against “throwing money” at a short-term fix for the looming winter bills crisis.
Updated: No impact to employees as Altera Infrastructure announces Chapter 11 bankruptcy
Aberdeen-headquartered Altera Infrastructure (NYSE: ALIN-A) has said there will be no impact on its operations or employees as it enters a Chapter 11 bankruptcy process.
Taqa toasts £1.1 billion profits as oil and gas prices surge
Abu Dhabi state energy firm Taqa toasted a 54% surge in profits for the first half of 2022 amid an oil and gas price windfall.
Gallery: ‘End of an era’ as Foinaven FPSO arrives at Hunterston from BP oilfield
The former production ship for a BP (LON:BP) oilfield in the West of Shetland has arrived at Hunterston for partial decommissioning.
Update: Exxon, Chevron score record profits as markets convulse
Exxon Mobil and Chevron posted their highest-ever profits, reaping the rewards from surging commodity prices amid supply disruptions and rising demand.
Updated: Serica advises investors to hold fire as Andrew Austin’s Kistos unveils merger proposal
Serica Energy (LON: SQZ) has knocked back a proposed merger by North Sea counterpart Kistos Energy (LON: KIST).
Firm unveils multi-billion pound INTOG plans to decarbonise ‘every platform in North Sea’
A pioneering offshore wind firm has unveiled details of its multi-billion pound INTOG plans; aimed at decarbonising “every platform” sitting in Scottish waters of the North Sea.
Glitzy Energy Ball to make its much anticipated return later this year
The hugely popular social event of the year the Energy Ball, in association with The Press and Journal and Energy Voice, is returning to the north-east.
What’s the safety case for the planet?
It’s not often an entire train of thought is triggered by a report on an unusual event in the world of ornithology.
North Sea bosses seek urgent windfall tax meeting with new Chancellor Zahawi
North Sea industry leaders are seeking an urgent meeting with the new Chancellor, Nadhim Zahawi, on the windfall tax.
Is it right to create fiction around the Piper Alpha disaster? Novel explores legacy of offshore tragedy
When the idea was first mooted for Iain Maloney to write a novel about the events around Piper Alpha, his answer was clear.
Brian Wilson: Setting climate targets is one thing, meeting them is another
Setting targets is one thing and meeting them is another. That is the underlying message on which the latest, highly sceptical report by the Committee on Climate Change is built.
Petrofac looks ahead to ‘multi-year upcycle’ but headwinds deal a blow to E&C
Petrofac (LON: PFC) has said it is in position to benefit from a “multi-year upcycle” ahead for the oil and gas industry, but headwinds continue to hit its E&C division.
Future of Piper Alpha memorial gardens to be discussed by city councillors
The future of the gardens containing the Piper Alpha memorial is to be discussed at a full Aberdeen city council meeting on Wednesday.
Noble and Maersk sell North Sea rigs in $375m deal, paving way for merger
Noble Corporation (NYSE: NBL) and Maersk Drilling (CPH: DRLCO) have signed a $375m deal to sell-off several North Sea rigs to Shelf Drilling, in a move which could address competition concerns.
Oil industry says ‘ball is in the Chancellor’s court’ after meeting Sunak in Aberdeen
Oil industry leaders have said the “ball is in the Chancellor’s court” to now address their concerns ahead of key windfall tax legislation being published next month.
Scots study finds ‘no evidence’ of leaks from decommissioned oil and gas wells
A Heriot-Watt University study has found "no evidence" to suggest that England’s decommissioned oil and gas wells are leaking methane into the environment - contrary to previous research.
Electrification could trim 87% off North Sea platform emissions, studies find
Electrification could cost-efficiently bust the vast majority of greenhouse gases arising from North Sea platforms.
Ithaca warned by HSE for years-late safety checks and ‘crack’ in Alba cargo tank
Ithaca Energy has received a warning from the safety watchdog after being caught with several years-late integrity checks on its Alba oil storage vessel and a crack in a cargo tank.
Bureau Veritas wins multimillion-pound deal to support dozens of Shell UK platforms
Verification agency Bureau Veritas (EPA: BVI) has won a multimillion-pound deal to support dozens of Shell platforms in the UK.
Ukraine missiles strike three Black Sea gas rigs
Ukraine has launched missiles against three gas rigs in the Black Sea, according to Russian officials, south of Odessa.
The Treasury has published the draft windfall tax law – and wants your thoughts
The Treasury has opened the door for feedback on the North Sea windfall tax as draft legislation has today been published.
Inflated expectations? Investors unwind ESG hype cycle
It is a strange time for the oil and gas sector. On the one hand, after years of price weakness, the money is rolling in again as the war in Ukraine and post-Covid disruptions keep prices high.