Windfall tax changes to ‘hasten demise’ of North Sea
North Sea observers decry "utter economic insanity" as UK government confirms windfall tax increase and extension to March 2030.
Panmure Gordon
Stay away from KRG producers, analyst warns investors
“We have cut all non-essential activity and significantly reduced spend, while developing a new source of income through domestic sales,” said Weir.
‘BP has clearly underperformed’ – analysts react to oil giant’s latest results
Oil and gas analysts have been sharing their thoughts after BP (LON: BP) published its latest set of financials on Tuesday.
Apache sale ‘likely’, NSTA not expected to force change of operator
The regulator is not expected to use its ultimate sanctioning powers here - even if licensing rules have been breached.
Analysts: Laggan-Tormore, Clair Ridge among potential targets for Viaro
A handful of West of Shetland assets have been highlighted by industry experts as potential acquisition targets for Viaro Energy.
Oil buoys Seplat, but pipelines and politics pose problems
Last year, theft on the Nembe Creek Trunk Line (NCTL) and Trans Niger Pipeline ranged from 30% to 90%.
‘Bloated’ Harbour Energy job cuts: Could other North Sea firms follow suit?
Harbour Energy (LON: HBR) is "bloated" staff-wise, say analysts, and this week the firm said it would slash jobs in Aberdeen due to the UK Government windfall tax.
Amid faltering TEN expansion, Tullow accelerates Jubilee SE
Tullow Oil expects to begin drilling wells on Jubilee South East this quarter, with the aim of boosting production beyond 100,000 barrels per day in 2025.
The FPSO is away, but will the BP Foinaven field be redeveloped?
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
From windfall tax to transition deal: Johnson’s energy record as PM heads for the door
Like much of his tenure as Prime Minister, Boris Johnson’s relationship with the energy sector has been somewhat rocky.
New Cambo owners making ‘billion-pound gamble’ say campaigners
Environmental groups say a change of ownership at the controversial Cambo development will not alter the prospects for what they call a "doomed" field, following news that Ithaca Energy will acquire operator Siccar Point.
Cambo extension gives Siccar Point time to identify the right partner
Securing an extension to the Cambo licenses affords Siccar Point Energy time to find the right partner to progress the project.
‘Largest energy crisis in decades’ as market reacts to Russian oil embargo plans
Oil prices could nearly double by the summer if more countries follow suit in banning Russian oil imports, analysts have forecast.
With the Cambo licence due to expire soon, what options are open to Siccar Point?
While the future of the Cambo project remains on hold, Siccar Point Energy’s intentions for the scheme could soon become clearer.
Analyst: Cambo decision means Shell likely sees UKCS as a ‘difficult place to invest’
Shell’s shock decision to back out of the contentious Cambo field caps a tough few months for the oil giant, as far as the North Sea goes.
First London-listed clean hydrogen investment fund launched with Ineos backing
The first London-listed clean hydrogen investment fund has been announced, with a £25million boost from chemicals giant Ineos.
‘Another twitch in the death throes’ for Hurricane Energy
A major downgrade in reserves, a written-off discovery and warnings of a shareholder wipeout are a “real blow to investors and debt holders” of Hurricane Energy, an analyst has said.