A fifth of North Sea production accounts for half of basin emissions, S&P finds
Most of the oil and gas produced in the North Sea is well below the basin's average for emissions intensity, fresh research has found.
UK
North Sea faces rig market risk as vessels leave for better prospects
Rigs are leaving the North Sea for better prospects elsewhere, leaving a risk to availability as oil and gas projects are expected to ramp up in 2024.
Hibiscus financials bolstered by high oil prices
Malaysia-based Hibiscus Petroleum today reported that relatively strong oil and gas prices have contributed positively to the profitability levels in all the group’s producing assets in Malaysia and the UK.
Vietnam nears $11bn deal to shift economy from coal
Vietnam is set to follow Indonesia and South Africa with a climate financing package of at least $11 billion to shift its economy away from coal and boost the rollout of renewable energy sources.
Market says go for LNG, climate NGOs says stop
As COP27 continues apace, the slew of demands for more – or less – hydrocarbon investments is mounting.
Jeremy Cresswell: Strange times for humankind
As humankind drives relentlessly towards climate catastrophe, just a few days ago the International Energy Agency offered a crumb of comfort regarding CO2 emissions.
Middle East’s approach a “lesson” for the world, Wood CEO says
The Middle East’s investments in energy will see the region come to lead in the energy transition, Wood CEO Ken Gilmartin has said.
UK to ban services allowing shipments of oil from Russia
The UK is pressing ahead with legislation to prevent its services being used to allow shipments of oil from Russia internationally.
Siemens Gamesa hires China yard for UK offshore wind project
Chinese yard Dajin Offshore Heavy Industry will supply wind towers for Ocean Winds’ Moray West offshore wind farm in Scotland after winning a subcontract from Siemens Gamesa.
CNOOC comments on potential sale of North Sea assets
One of the top bosses at China’s CNOOC has refused to rule out a sale of its North Sea assets amid mounting speculation on its UK portfolio.
UK seeks 20-year gas deal with Norway to avoid winter blackouts
The UK is on the cusp of securing a natural gas contract with Norway for as long as 20 years in a bid to stave off the risk of winter blackouts, people familiar with the matter said.
Shell CEO has ‘flung open a door on windfall tax’
Shell (LON:SHEL) CEO Ben van Beurden has “flung open a door on windfall tax which the UK Government had been trying to close”.
UK energy regulator warns of ‘significant risk’ of gas shortage
The UK faces a “significant risk” of gas shortages this winter and could enter an emergency that would see power stations switched off, according to regulator Ofgem.
Commercial and comms manager Jillian Owen named UK manager at Apache
Apache (Nasdaq: APA) has named its commercial, communications and public affairs manager Jillian Owen as its new top boss for the UK North Sea.
Capricorn announces merger with NewMed Energy, ditching Tullow
Capricorn Energy (LON: CNE) has ditched a tie-up with Tullow Oil (LON: TLW), instead unveiling a merger with NewMed Energy (TLV: NWMD).
Nearly half of UK offshore wind capacity owned by foreign governments
Nearly half of UK offshore wind capacity is controlled by state-owned or majority state-owned foreign entities, according to a new report.
Chancellor Kwasi Kwarteng to go for ‘cycle of growth’ in UK mini budget
Kwasi Kwarteng will pledge to "turn the vicious cycle of stagnation into a virtuous cycle of growth" as he sets out the UK Government's mini-budget on Friday.
Igho Sanomi of Taleveras Group Receives Forbes Philanthropy award in New York
Nigerian energy magnate Igho Charles Sanomi II has been named this year's Forbes Best of Africa Leading Philanthropist in recognition of his activities in child health and education, cancer research and community development.
Turbulence at helicopter firm CHC amid management shakeup
An abrupt management shakeup at CHC has raised questions over turbulence at the North Sea helicopter operator.
Current pipeline of UK blue hydrogen projects expected to top 2030 targets
New analysis from Westwood Global has shone a light on the rapid expansion of blue hydrogen on both sides of the North Sea.
Dozens of applications for Norway oil and gas licensing round
Dozens of companies have applied for acreage in the latest oil and gas exploration round in Norway, though it is the lowest figure in recent years.
North Sea is world’s ‘highest risk’ area for oil and gas legal disputes
Experts have said the UK North Sea is the “highest risk” location in the world for legal disputes to erupt in the oil and gas sector.
Liz Truss to make announcement on dozens of new North Sea licences: report
Liz Truss is to unveil a new swathe of North Sea licences, according to a news report, in an effort to boost domestic oil and gas production.
Wood to create 300 new UK jobs amid North Sea push
Energy services giant Wood is expecting to create around 300 new jobs thanks to a surge in activity in the UK North Sea.
Jacob Rees-Mogg takes on the energy brief in Liz Truss’ reshuffle
Jacob Rees-Mogg has taken over the energy brief as part of the new prime minister Liz Truss’ cabinet reshuffle.