OGA puts ‘temporary pause’ on offshore licensing rounds
The Oil and Gas Authority (OGA) has confirmed there will be no new offshore licensing round in 2020 after implementing a “temporary pause”.
UK
UK and Norwegian unions establish group to improve North Sea helicopter safety
Unions from the UK and Norway have established a dedicated working group to improve helicopter safety across the North Sea oil and gas industry.
‘If a roomful of middle-aged, middle-class, middle managers can’t crack this diversity thing, then, quite frankly, who can?’
Aberdeen recently played host to another diversity and inclusion (D&I) event.
Report hails progress in UK’s move towards renewables
The UK’s move towards renewable energy sources has helped drive a faster rate of decarbonisation in the past decade than anywhere else in the world, according to a new study.
Mozambique shows off Rovuma’s £42bn investment in bid to attract North Sea suppliers
Officials from Mozambique have showcased the level of investment in the prolific Rovuma basin in a bid to attract the expertise of North Sea companies to its supply chain.
Petrobras looks to North Sea to decommission ‘former cash cow’ Campos Basin
Petrobras has set out the opportunity for UK firms to help decommission assets from its former “cash cow” Campos basin.
DNO takes £112million hit on newly-bought North Sea fields
DNO, which took over Aberdeen-based Faroe Petroleum last year, has taken £112million of impairments costs related to its newly-acquired fields in the North Sea.
NorthConnect: What’s in it for Scotland?
Towards the end of this year, a final investment decision is due to be taken on the NorthConnect project which by 2024 would import surplus hydro electricity from the Hardanger region of Norway into Scotland, at Boddam, via a 400-mile interconnector.
Labour’s Gardiner suggests cable to Morocco to supply UK
As the cost of solar power decreases, the UK should consider a cable connection with Morocco in order to supply cheap electricity to consumers, Labour's Barry Gardiner has suggested.
We’re having our ‘999 moment’ on the climate emergency – it’s time to respond accordingly
It is estimated that during 2019 over 20 million people in the UK contacted the 999 emergency services to request immediate police, ambulance, fire or coastguard support or to report an emergency.
Equinor makes it a trio of UK North Sea start-ups for 2019
Norwegian energy major Equinor has started up production from its 2 million barrel Barnacle field in the UK North Sea.
Shell wins ruling blocking enforcement of Nigerian spill case
Royal Dutch Shell Plc won a ruling preventing London courts from enforcing a $516 million Nigerian judgment for damages caused by an oil spill almost five decades ago.
Updated: Hurricane shares sink despite oil confirmation at Warwick
Shares in Hurricane Energy slid on Monday despite the company confirming oil at a field west of Shetland.
‘Unfinished business’ brings North Sea oil boss back to the basin
North Sea oil and gas veteran Graham Stewart said yesterday a sense of “unfinished business” spurred his decision to launch a new, acquisition-hungry player.
UK Supreme Court to hear Halliburton insurance wrangle on $1.1bn Deepwater Horizon payments
A dispute between Halliburton and its insurer over its $1.1bn (£855m) Deepwater Horizon oil spill payments will be presided over by the UK’s highest court today.
Aberdeen and Inverness ranked among top 10 cities to live and work in UK
Inverness and Aberdeen are ranked top in Scotland, and among the top 10 locations overall in league tables of the best cities to live and work in the UK.
UK Government halts fracking over earthquake fears
Controversial fracking will no longer be allowed because of new scientific analysis, the UK Government has said.
Ichthys incident highlights offshore divers’ ‘fear’ to speak up – union boss
The UK diving industry may need to reassess its reporting culture in light of a serious incident off the coast of Australia, according to a union boss.
Norwegian companies seek waiver for UK workers as Brexit looms
The Confederation of Norwegian Enterprise is seeking special dispensation for British citizens working in the Nordic country, saying the oil and gas industry risks being hit hard if the UK exits the European Union without an agreement, Dagens Naeringsliv reported.
More commercial innovation in North Sea than any other part of the world, says BHGE
The North Sea is producing more commercial innovations than any other part of the world, according to a boss at Baker Hughes GE (BHGE).
Lots of talk but ‘very little real action’ on UK decarbonisation
A company in the US called ZeroAvia has just installed a hydrogen fuel cell powered electric powertrain in a six-seater aircraft.
New wave of UK project sanctions out to 2022, Rystad predicts
The UK offshore scene is poised for a timely comeback, according to energy consultancy Rystad.
No sign of deal flow between Norway and Aberdeen letting up
More Norwegian acquisitions of UK oil and gas assets and businesses are on the cards later this year and into 2020, a top Aberdeen accountant has said.
Updated: Petrofac ‘well positioned’ for 2019 amid first-half profit
Energy services firm Petrofac said it was “well positioned” for the remainder of 2019, but warned of a drop in revenues ahead.
UK tech firms secure record foreign investment
Investment in the UK tech sector has continued to surge, as British firms secured more foreign funding in the first seven months of 2019 than during the whole of 2018, according to new research.