FPSO for delayed Penguins project ‘progressing well’ says Shell boss
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.
oil and gas
Shell CEO says £25bn UK investments ‘have to make sense’ amid windfall tax calls
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.
Damen orders crew change vessels and DEME Orion takes shape
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 announces £18 billion investment for UK with North Sea at its heart
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 PM Johnson to meet oil and gas firms on North Sea’s future
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.
Aberdeen Harbour in rebrand as £400m expansion takes shape
Aberdeen Harbour Board, the oldest company in the UK, will rebrand later this month as its transformational port expansion project takes shape.
Energy secretary delivers blunt message to those seeking end to North Sea oil and gas
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.
BP sells 5% stake in Serica Energy for £49.3 million
BP has sold its 5% stake in North Sea operator Serica Energy (LON: SQZ) for £49.3 million.
‘Use oil and gas tax windfall to support north-east’ says Aberdeen MP Stephen Flynn
Rishi Sunak has a “moral duty” to use soaring tax revenues from North Sea oil and gas firms to boost Scotland’s energy sector, an Aberdeen MP claims.
Sunak tells Mumsnet: ‘Nothing is ever off the table’ on oil and gas windfall tax
Rishi Sunak has told the internet forum Mumsnet that “nothing is off the table” when it comes to an oil and gas windfall tax.
Sturgeon backs oil and gas summit to help workers into renewable energy
Nicola Sturgeon has backed proposals for a “summit” to help break down the barriers faced by oil and gas workers moving into greener energy.
‘Failures and contradictions’: CHC lands scathing attack on competition watchdog over Babcock findings
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.
Green candidate brands Scottish leader oil and gas comments ‘silly’ at north-east hustings event
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.
Pioneering Spirit arrives to remove Ninian Northern jacket
The giant heavy lift vessel Pioneering Spirit has arrived on site to remove the jacket of the Ninian Northern field.
CHC grudgingly suggests partial sale of Babcock UK business to get over competition hurdle
Helicopter operator CHC has grudgingly suggested a partial divestment of the Babcock UK business in Aberdeen to get over competition hurdles.
M&A: North Sea deals won’t rush to meet oil price surge
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.
INTOG round will help oil firms to gain foothold in offshore wind sector, report finds
Hooking up offshore wind farms directly to North Sea platforms could help oil firms into the renewable energy sector.
How ESG, and the wider energy industry, is being challenged by Russia’s invasion of Ukraine
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.
Ithaca Energy buys Summit Exploration’s North Sea business for $224m
Ithaca Energy has struck a deal to acquire North Sea player Summit Exploration and Production for $224 million (£170.5m).
Orcadian Energy gets more time with 25 million-barrel North Sea discovery
Orcadian Energy has been granted more time with one of its North Sea licences after “extensive talks” with the regulator.
Elon Musk coming to ONS conference
Billionaire Elon Musk is coming to the ONS conference in Stavanger later this year.
OEUK issues stark energy security warning as Norway becomes UK’s primary gas supplier
The amount of gas the UK imports from Norway has outstripped domestic supplies for the first time, a key industry study has found.
Fuel duty cut highlights uncomfortable truths of the energy trilemma
The reduction in fuel duty announced in the Chancellor’s spring statement highlights that in the short to medium term he will have to wrestle with the re-emergence of the energy trilemma: simply put, how does the government address the competing demands of energy affordability, energy security and sustainability?
Video: UK must ‘abandon phobia of our own hydrocarbons’ Boris Johnson tells MPs
Boris Johnson has told MPs that the UK must “abandon the phobia of our own hydrocarbons” for energy security.
‘Cambo has to go ahead’: Industry debates as Shell reconsiders oilfield exit
Industry leaders have been debating as news emerges that Shell is reconsidering its exit of the Cambo oilfield.