Odfjell wins five-platform Taqa contract
Drilling contractor Odfjell has been awarded a five-year contract with Taqa in the UK.
UK
‘The next place to look is the UK’ says Ineos Energy chairman Gilvary
The UK North Sea is next on the list of growth targets for Ineos Energy, according to executive chairman Brian Gilvary.
BP plans ‘UK’s largest’ hydrogen project on Teesside
BP has announced plans for what it described as the “UK’s largest” hydrogen project.
Chrysaor VP predicts ‘huge amount of activity’ to 2025 for UK platform electrification
A senior boss at Chrysaor has projected a “huge amount of activity in the North Sea” for offshore platform electrification in the coming years.
‘Stage being set’ for North Sea recovery, says flagship EY report
The “stage is being set” for a UK North Sea recovery from the second half of this year, according to the flagship oilfield services report (OFS) from EY.
Wood earmarks $196million for bribery case settlements, agrees deal with Scottish authorities
Wood, the Aberdeen-headquartered energy services giant, has earmarked $196million in order to settle bribery cases with authorities in the US, Brazil and the UK.
‘It feels like virtue signalling’: Industry reacts to North Sea exploration ban report
UK jobs and companies would “pay the price” if ministers agreed a ban on new North Sea exploration, according to a senior industry source.
OGUK: North Sea exploration ban would ‘risk’ net-zero future
The UK’s leading oil and gas industry trade body has said any potential ban on new exploration in the North Sea would put the country’s net zero future at risk.
Neptune Energy measures support to European economies at $2.1billion
Neptune Energy has commissioned a study showing it provided support of $2.1billion to economies across Europe in 2020.
UK ministers consider ban on new North Sea exploration – report
UK ministers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that could hit jobs and the Scottish economy, the Telegraph reported.
Petrodec reactivates 40-year-old rig for UK decommissioning work
Petrodec has announced reactivation of a 40-year-old rig, which has been converted as its second decommissioning vessel for work in the UK North Sea.
Solstad wins UK contracts with Total, Equinor and Serica
Solstad Offshore has announced a series of contract awards with Total, Equinor and Serica Energy in the UK North Sea.
UK oil industry moves to address ‘gap’ in climate reporting
The UK oil and gas sector has announced a move to address a “gap” in investor expectations for climate-related reporting.
From the ‘Blue Toon’ to COO of Europe’s largest independent oil and gas firm
Thinking back to her early days as an engineer from Peterhead, Dawn Summers feels a “heavy obligation” to help bolster diversity and inclusion in oil and gas, particularly with young women.
EnerMech lands string of UK contracts worth ‘tens of millions’ of pounds
Aberdeen-headquartered engineering firm EnerMech has won a string of contracts for its UK operations worth “tens of millions” of pounds.
‘Extreme year’ delivers ‘solid results’ for Archer
Oilfield services firm Archer has delivered what it describes as “solid results” in an “extreme year”.
Wintershall Dea losses top £1billion as Covid cuts oil and gas prices
Wintershall Dea of Germany saw losses widen to more than £1billion in 2020 as Covid-19 brought down commodity prices.
UK offshore market expecting rebound ‘over the next 24 months’ – Westwood
The next 24 months will see a “rebound” in work for the UK North Sea, according to Westwood Global, with a clutch of offshore projects for contractors to keep an eye on.
UK remains ‘core position’ for Shell oil business amid net zero drive
Shell has named the UK North Sea as one of nine “core positions” for its oil and gas business going forward, as it today revealed its net zero strategy.
Space, ships and carbon
Tracking carbon dioxide is difficult, but will play an important role in tackling the world’s emissions problem.
Total and Macquarie win rights for 1.5GW wind project off UK
Total and investment giant Macquarie have won rights to develop a wind project of up to 1.5 gigawatts off the UK.
BP and partner paying £900m for entry into UK offshore wind market
BP has entered the UK offshore wind market with leases for a combined three-gigawatts of projects in the Irish Sea.
Brent at $60 post-Covid high: ‘Still a lot of ifs and buts’ for North Sea activity
The Brent oil price has reached its highest in 13 months, but experts say questions persist on whether activity in the UK North Sea will see a similar resurgence.
Asia Pacific offers plenty of subsea opportunities
The Asia Pacific region offers plenty of opportunities for the UK’s subsea engineering sector, both in the traditional oil and gas business, as well as the rapidly expanding renewable energy industry, reckons Subsea UK.
Shell back in court for Nigeria oil spills liability ruling
Shell faces the latest ruling in a long-running legal dispute with farmers in Nigeria who say the energy giant is responsible for oil leaks that have polluted their villages.