Sir Ian Wood says banning new UK oil projects would be ‘absolutely crazy’
Industry doyen Sir Ian Wood has warned that halting new oil and gas exploration and production projects in the UK would be "absolutely crazy".
UK
Lebanon fuel crisis takes its toll
Fuel shortages are taking their toll in Lebanon, including on the UK embassy, which is withdrawing some staff.
‘Disgrace’ as UK oil and gas medics left in Brexit limbo
An Aberdeen MP has branded the UK Government a “disgrace” as oil and gas medics have been left in employment limbo by Brexit red tape.
Legal challenge over ‘unlawful’ quarantine hotels policy
A law firm representing travellers affected by the UK's policy of using quarantine hotels is seeking a judicial review of the regulations.
TotalEnergies eyes stake in giant North Sea wind farm
TotalEnergies SE is weighing taking a stake in what will be the world’s largest offshore wind farm, according to people familiar with the matter, as the French oil major continues to flex its green credentials.
Competition regulator drops inquiry into Baker Hughes, Akastor deal
The UK’s competition inspector has deemed plans by Baker Hughes and investment firm Akastor to merge two business units not worthy of an investigation.
Iran’s rapid oil comeback looks less likely after tanker attack
Iran’s oil comeback, already taking longer than many traders expected, will be further complicated by last week’s deadly drone attack on a tanker in the Gulf of Oman, which the US, UK and Israel all blamed on Tehran.
UK blames Iran for deadly attack on tanker
The UK has accused Iran of being behind an attack on a tanker offshore Oman on July 29 and is working with partners on a response.
Competition watchdog warns of ‘postcode lottery’ for electric vehicle charging
The UK competition watchdog has published a review into electric vehicle charging, warning some parts of the country are at risk of being “left behind”.
UK sanctions Equatorial Guinea VP, Zimbabwe exec
The UK has announced new sanctions against five people, including officials in Equatorial Guinea and Zimbabwe.
UK govt oil revenues fall 70% as price crash and decommissioning take effect
UK government revenues from oil and gas taxes have plummeted by more than 70% due to effects of the recent price crash and decommissioning repayments.
Repsol Sinopec sinks to $745million losses during ‘extraordinary year’
Repsol Sinopec Resources UK took losses of nearly three quarters of a billion dollars during an “extraordinary” and “challenging” 2020.
BCG: Distressed or bankrupt oil firms face $15billion decommissioning costs
The decommissioning costs of oil and gas firms which have recently gone bankrupt or are in financial distress is near $15billion, according to new analysis from Boston Consulting Group (BCG).
Energy Institute in skills warning that net zero could leave workers ‘stranded’
The Energy Institute has said the majority of UK workers plan to train for net zero in the coming year, but concerns persist on cost, timing, and availability of courses.
Aberdeen-HQ’d Parkmead boosts stakes in Dutch gas fields for £485,000
Aberdeen-headquartered Parkmead Group has agreed a €565,000 (£485K) deal to boost its holding in several onshore gas fields in the Netherlands.
Petrodec brings Perenco Amethyst platform to Netherlands for decommissioning
Petrodec has offloaded a platform from the Perenco Amethyst field to a yard in the Netherlands for decommissioning.
More than 500 safety incidents reported for UK onshore wind farms in 2020
More than 500 incidents were reported for onshore wind farms in the UK in 2020, according to an inaugural safety report.
Wood settles bribery cases for £127.5m
Engineering and consultancy firm Wood said tonight it had agreed to settle legacy bribery and corruption investigations in Brazil, the UK and US for £127.5 million.
UK to import Norway’s cheap hydro-power along subsea cable
The first megawatts of electricity will flow between Norway and the U.K. Wednesday along the longest submarine power cable in the world.
Majority in UK want government spending on North Sea oil redirected to renewables
Most UK adults want government spending on North Sea oil and gas redirected to renewables, according to a new campaigner survey.
KCA Deutag lands contracts worth $550m in UK, Russia and Norway
KCA Deutag has hailed a series of contract awards worth around $550million (£388m) across the UK, Russia and Norway.
Viaro Energy makes another acquisition as HALO looks ‘beyond’ upstream
Upstream business Viaro Energy has bought the Dutch portfolio of Hague and London Oil (HALO) for an undisclosed sum.
The great unfunded green hydrogen dream of Europe’s oil refiners
Europe’s oil refiners have big plans to boost the use of green hydrogen to help them make fuel, an important component of the petroleum industry’s plans to cut its operational carbon emissions.
BP nears sale of stake in UK North Sea Shearwater field to Tailwind
BP is in advanced talks to sell its 28% interest in the Shearwater field in the UK North Sea to Tailwind Energy, an explorer backed by trading house Mercuria Energy Group, people familiar with the matter said.
May 19: The end of Anne Boleyn… and the start of the UK ETS
The person in the street may not regard the 19th of May as a date of any real significance.