Offshore wind sector targets five tech areas to triple UK supply chain manufacturing
Offshore wind sector 'Industrial Growth Plan' could support 10,000 jobs a year and provide a £25bn boost to the UK economy by 2035.
UK North Sea
Orcadian says Elke North Sea prospect has potential to be ‘bigger than Pilot’
Orcadian Energy CEO also said first oil could be achieved at its Pilot development by 2028
Petrofac debt puts it in ‘challenging financial position’
Oil and gas service provider Petrofac's (LON:PFC) efforts to restructure its debt could lead to a significant dilution for shareholders, according to an analyst.
High renewable output pushes UK power prices to negative
The UK’s wholesale power prices will drop below zero for 12 hours on Saturday — the second-longest such stint on record — as strong renewable generation means supply will outstrip demand.
Genesis Energies back in Aberdeen city centre with ambitions for growth
Genesis is targeting new clients and further growth in carbon capture, hydrogen, and asset decarbonisation as it returns to the 'heart' of Aberdeen.
Aberdeen firm facing second takeover this year after ChampionX buyout
RMSpumptools to become part of SLB after its owner ChampionX was bought by the American oilfield services giant
New owners give Acteon Group ‘significant’ offshore wind potential
Offshore wind supply chain expert says private equity investment in Acteon Group could provide big boost to its offshore wind potential.
Shareholder advisory firms support BP handling of Looney sacking
Two major shareholder advisor firms have endorsed BP's (LON:BP) handling of the departure of former chief executive officer Bernard Looney.
A further 26 Scotwind supply chain projects advance to SIM Stage 2
A further 26 Scotwind offshore wind supply chain projects have advanced to the second stage of the Strategic Investment Model (SIM) process.
Offshore services provider Acteon Group acquired by private equity
Acteon Group maintains a significant presence in Aberdeen across several firms.
Ithaca Energy enters deal for potential merger with Eni UK
Ithaca Energy (LON:ITH) has announced a deal for a potential merger with Italian oil and gas firm Eni covering the majority of its UK upstream assets.
Environmental campaigners question 200,000 North Sea jobs figure
As the House of Lords prepares to debate the UK government's Offshore Petroleum Licensing (OPL) bill today, environmental campaigners are calling into question the government's use of figures showing the North Sea oil and gas industry supports 200,000 jobs.
Aberdeen’s Well-Safe Solutions appoints first chief financial officer
Aberdeen-headquartered well decommissioning firm Well-Safe Solutions has appointed Alan McQuade as the company's first ever chief financial officer.
Aberdeen engineering firm KCI transferred to employee ownership trust
Aberdeen-headquartered engineering firm Kinetics Controls and Innovation Ltd (KCI) will transfer 100% of its shares to an Employee Ownership Trust (EOT).
OEUK announces supply chain principles award winners at Aberdeen Share Fair
Trade body Offshore Energies UK revealed the winners of the Supply Chain Principles awards at the P&J Live in Aberdeen today.
Uncertainty for new North Sea project over windfall tax
Hartshead Resources warns of the risk of a "flight of capital to other jurisdictions" due to Labour Party comments on the windfall tax.
Red-faced Tory leader Douglas Ross hung out to dry as windfall tax extension announced
The Scottish Tory leader 'fought as hard as he could' against the extension of the levy - but it fell on deaf ears.
Viaro Energy to explore using mini nuclear reactors to decarbonise offshore assets
Viaro Energy signs agreement with startup Newcleo to assess using nuclear power for existing and future North Sea assets
North Sea firms keenly await Spring Budget clarity on windfall tax
Reports suggest Chancellor Jeremy Hunt is planning to extend the windfall tax on North Sea oil and gas firms.
Major parties in ‘rush to the bottom’ on UK energy policy, says Kistos’ Andrew Austin
“Each time we think we have certainty, someone moves the goalposts and that's not helpful.”
Future North Sea: Firms grapple with skilled talent conundrum
Future North Sea event hears optimistic vision of the energy sector's future, but significant challenges remain.
NSTA launches online tool to showcase decom plans to supply chain
The initiative aims to give the North Sea supply chain a clearer picture of upcoming projects
EnQuest and Aberdeen BP schemes win share of UK government’s £21m hydrogen pot
Low carbon hydrogen projects from North Sea operators EnQuest and BP are among seven UK projects set to share in £21 million of government support.
Serica completes Greater Buchan Area farm-in
Serica Energy (LON:SQZ) has completed its acquisition of a 30% non-operated interest in the Greater Buchan Area (GBA) redevelopment from Jersey Oil and Gas (LON:JOG).
OPRED issues enforcement notice to Perenco over Leman jacket
OPRED said Perenco failed to comply with commitments to fix the issue in 2022 and 2023