Industry reaction as OGA rebrands to NSTA
The Oil and Gas Authority (OGA) has made a rebrand to the North Sea Transition Authority - here's the industry reaction to the move.
oil and gas
Concern Boris Johnson will announce ‘energy transition rollback’
An expert in energy law has outlined concerns that Boris Johnson will announce a “deviation” to the UK energy transition next week.
Windfall tax? Here’s the Chancellor’s Spring Statement options next week
An oil and gas windfall tax is one of several options on the table for the Chancellor's UK Spring Statement next week.
‘Significant loss’ of competition from CHC Babcock merger – watchdog
The market watchdog has said that the takeover of Babcock Aviation by CHC Helicopters would lead to a “significant loss” of competition in the North Sea, as its final decision looms.
Sanjoy Sen: West needs to challenge its long-held beliefs on energy
On the 24th February, the first of many Russian tanks rolled into Ukraine. And as Brian Wilson noted last week, some uncomfortable realities have kicked in here and across Europe.
‘Candidate shortage’ for North Sea jobs as oil price back at $100
There is a “candidate shortage” for the increasing levels of work being seen in the North Sea with the oil price now beyond $100.
Boris Johnson hosts oil and gas CEOs on ‘boosting supply’ from North Sea
Boris Johnson has hosted the leaders of the UK oil and gas industry at Downing Street to discuss how to achieve “greater energy independence” for Britain.
AGCC launches ‘most significant’ survey yet of North Sea energy sector
Aberdeen and Grampian Chamber of Commerce (AGCC) has said it has launched what is expected to be its "most significant" survey yet for the offshore energy sector.
Boris Johnson setting up ‘energy task force’ on oil and gas
Boris Johnson is reportedly setting up an energy task force to help bolster oil, gas and nuclear supplies to help keep UK bills down and cut reliance on Russia.
North Sea windfall tax could ‘heap supply crisis on top of price crisis’
The UK’s leading oil and gas trade body has warned a windfall tax on the North Sea could cause “irreparable damage” to the industry.
UK delivers sanctions hit on CEOs of Rosneft and Gazprom
The UK has imposed sanctions on the chief executives of Russian energy giants Rosneft and Gazprom.
‘Six million miles away from Just Transition’: Shell CEO pay surges to 57x more than average employee
Shell CEO Ben van Beurden has taken home a whopping £6.1 million pay package following an “impressive financial performance for the oil giant”.
Is the SNP shifting on the future of oil and gas?
The war in Ukraine has placed urgent focus on UK energy security and the future of North Sea oil and gas drilling.
Pandion Energy to double production as it buys ONE-Dyas Norway operation
Minnow Pandion Energy is to more than double its daily production after buying the Norwegian operations of ONE-Dyas.
Big Oil should spend windfall billions on transition, not dividends, says former Wood Group CEO
Oil giants should spend their billions of windfall profits on transition, not shareholder returns, according to the former CEO of Wood Group.
Why is hydrogen being lauded as the hero of carbon emissions reduction?
If net zero CO2 by 2050 is the question, what is the answer? It’s something countless organisations, people and governments have been discussing since targets were set; how do we achieve this target quickly and sustainably.
Shell to withdraw from all involvement in Russian oil and gas
Shell has announced its intent to withdraw from all involvement in oil and gas from Russia, including trading of hydrocarbons and closing a range of service businesses.
Boris Johnson seeks to boost North Sea oil and gas production
Boris Johnson is preparing a new UK energy strategy, it is reported, which could involve more North Sea oil and gas production.
Oil and gas companies supporting UK’s green revolution
The UK’s offshore energy industry is aware it has a major opportunity to drive a very positive future – both for the UK economy and its energy mix alike.
Recommitting to gender equality this International Women’s Day
Imagine a gender equal world. A world free of bias, stereotypes and discrimination. A world that's diverse, equitable, and inclusive. A world where difference is valued and celebrated. Together we can forge women's equality. Collectively we can all #BreakTheBias.
£10 million up for grabs as NZTC launches net zero tech competition
The Net Zero Technology Centre (NZTC) has launched a new competition, inviting firms around the world to apply for a share of a £10 million pot.
Matheson: Surging gas prices brings Scottish offshore wind imperative
Surging gas prices throws into “sharp relief” the need to ramp up Scottish offshore wind and hydrogen, the energy minister will say later.
ScotWind: Assurances sought over Russian sanctions
Crown Estate Scotland is seeking “formal assurances” that winners in the ScotWind auction adhere to sanctions being imposed on Russia.
Duguid and Buchan launch new oilfield equipment player RenQuip
A new equipment firm, which will “bridge the gap” between oil and gas and renewables, has been launched with the backing of a pair of Aberdeen serial entrepreneurs.
Oil has wildest week on record with markets jolted by war
Oil resumed climbing at the end of a week where prices have swung within a $20 range since Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch.