A top boss at Ukraine national energy firm Naftogaz received a standing ovation in Aberdeen today as he thanked the city for housing displaced families of his employees.
Construction work is “progressing well” on the Penguins FPSO - the first new manned vessel for Shell in the northern North Sea for 30 years - following a series of delays.
The chief executive of Shell has addressed whether the prospect of a North Sea windfall tax would damage the case for its planned £25bn investment in the UK.
One of Europe’s most successful shipyard groups, Damen, has decided to build on spec a trio of crew-change vessels for the rapidly expanding offshore renewable energy services market.
BP has announced plans to invest £18 billion in the UK energy system by 2030, with the North Sea at its heart, days after calls were once again raised for an oil and gas windfall tax.
UK Prime Minister Boris Johnson will meet with key oil and gas producers to discuss the industry’s role in shoring up the country’s supplies, following up on a new energy security strategy announced by the government earlier this month.
Energy secretary Kwasi Kwarteng has insisted the UK Government will not bend to the will of activists who “naively want us to extinguish production” of oil and gas in the North Sea.
CHC has launched a scathing critique of the competition watchdog for what it calls “incomplete, selective and deficient” analysis of its takeover move for Babcock.
A Scottish Green candidate running for Aberdeen City Council said the leader of his party, Patrick Harvie, was “silly” for having claimed only those on the hard right of the political spectrum supported the oil and gas industry.
Firms won’t be rushing into deals or investment off the back of higher oil and gas prices – the boom may even be stalling such activity in the North Sea, according to top analysts.
The definitions of Environmental, social and corporate governance (ESG) have been challenged by Russia’s invasion of Ukraine, nowhere more so than in the energy sector, where companies have been forced by events to exit Russia abruptly and energy prices have soared to record levels.