UK government warned to speed up on carbon capture ‘lifeline’ for oil and gas
The UK Government will be warned today to take affirmative action to take advantage of the “multi-billion pound” carbon capture and storage (CCS) industry.
oil
Experts call for more realistic UK oil exploration ambitions
Just over a fifth of oil produced over the last decade in the UK has been replaced through exploration, a new report said.
Sector gives new life to recruitment firm Orion
Venturing into the life sciences sector as it faced “fairly aggressive challenges” in its key oil and gas market has helped multiply profits at Inverness-based international recruitment company Orion Group.
Oil price rally boosts electric car sales
Tesla's competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids.
Updated: Hibiscus forks out £28.5m for UK North Sea blocks
Malaysian oil firm Hibiscus Petroleum will buy stakes in two UK North Sea discoveries for £28.5 million.
Serica’s deals with BP, Total near completion as US sanctions waiver granted
Serica Energy said today that the US had granted a conditional licence removing restrictions on production from a UK North Sea field.
OGA report shows days of sharp cost cutting over
The days of sharp cost reductions in the North Sea oil industry are over, a new report said.
Oil drops on Saudi assurance and hopes for US waivers on Iran
Oil in London extended losses for a third day on signs that the potential impact of impending U.S. sanctions on Iranian supplies may be mitigated.
i3 Energy co-founder and chief steps down from top role
A co-founder of i3 Energy will step down from the top role at the North Sea oil firm.
Oil industry dumps tonnes of plastics
The North Sea oil industry is responsible for dumping more than 100 tonnes of microplastics into the sea every year, according to new research.
Trump’s sanctions hammer tested as US retreats from Rusal penalty
President Donald Trump’s attempt to wield U.S. economic strength as a weapon against foreign adversaries is being tested as the Treasury Department struggles to contain the fallout from its sanctions against the world’s second-largest aluminum producer.
Updated: Foreign exchange rates, higher prices return Dana Petroleum to the black
More favourable foreign exchange rates and higher oil prices returned Aberdeen-headquartered Dana Petroleum to the black in 2017.
Alba Power’s growth spurt gathers pace amid oil market uptick
Increased activity in the oil and gas market and strong overseas demand helped an Aberdeenshire gas turbine company lift its profits by more than 60% in 2017.
Cooler heads pull back wagers on Brent oil rally
The run-up to $100 oil is giving some investors pause.
Dramatic action urged globally amid stark climate change warning
Governments are to face renewed calls for dramatic action to tackle climate change as a major report on limiting global temperature rises to 1.5C is published.
S-92 will be leading North Sea copter ‘for decades’
Helicopter manufacturer Sikorsky has claimed its S-92 will remain the leading helicopter in the North Sea “for decades to come”.
Alarm over 20 Aberdeen foodbanks
Oil-rich Aberdeen is now home to 20 foodbanks, outnumbering other Scottish cities, shock figures have revealed.
Updated: Prince Charles marks official opening of Balmoral subsea test centre
Prince Charles highlighted the depth of his interest in Aberdeen’s oil industry yesterday during a visit to a new £20 million centre for testing subsea technologies.
Total E&P UK narrows losses as production jumps by a quarter
Total E&P UK enjoyed an increase in turnover last year, buoyed by a 26% boost to production.
EnQuest shareholders back Magnus, Thistle deals
EnQuest bosses said today that the company had received the all-clear from shareholders to increase its stake in the Magnus field.
Petrofac nets contract extension on Chevron rigs
Petrofac has announced a year-long contract extension to provide engineering services on Chevron's key North Sea assets.
Lundin beefs up Luno II stake with Equinor deal
Swedish oil firm Lundin Petroleum will acquire Equinor's entire 15% in the Norwegian licence containing the Luno II discovery.
Interview: Eye-catching acquisitions as Tailwind targets new energy deals
Tailwind Energy’s boss has said the North Sea oil firm has “identified” new acquisition targets, but won’t take a scattergun approach to growth.
Optimism growing in Scotland’s oil and gas supply chain, top finance adviser says
Optimism is growing in Scotland’s oil and gas supply chain after several tough years brought about by low crude prices, a top finance adviser has said.
Bold Norwegian approach may be applied to UK operations
An oil company which is drilling about 20% of all Norwegian exploration wells this year plans to persevere with its bold approach.