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Tag: North Sea oil and gas

Holyrood debate

Oil sector drawn into MSPs row over green transition

BP Clair Ridge
Oil’s future continues to divide MSPs North Sea oil and gas leaders have been drawn into an ongoing row over the industry’s role in the transition to a carbon-free economy.Read More

Holyrood vote

Tories urge SNP to declare position on oil and gas

Maersk oil field
SNP MSPs will face a vote on the North Sea’s future Scottish Conservatives will call on the SNP to declare its position on the future of the North Sea oilRead More

18 projects planned

Oil producers test net zero plan with call for new fields

Kraken oil field
The report says producers will invest £21bn over five years Oil and gas producers are testing the UK government’s resolve on reducing carbon emissions by demanding it approves up toRead More

North Sea pledge

Salmond: abandoning oil workers would be ‘betrayal’

Alex Salmond outside court
Alex Salmond: ‘oil development can be reconciled with net zero’ Alex Salmond has criticised the “student politics” of the SNP-Green party partnership and spoken out in support of the NorthRead More

Raising £5m

Orcadian plans biggest UK oil and gas IPO on AIM

Stephen Brown and Joe Darby
Stephen Brown, CEO and Joe Darby, chairman Orcadian Energy, the North Sea focused, oil and gas development company, is launching what it believes is the largest UK-focused oil and gasRead More

Managing decline

North Sea ‘needs investment’ to meet net zero targets

BP Clair Ridge
North Sea decline is now being managed The transition of the North Sea oil and gas industry to a green energy future will depend on government encouraging continued investment, accordingRead More

'Another great success'

North Sea gas discovery could be biggest for 11 years

Maersk oil field
Total bought Maersk to consolidate its presence in the North Sea   A gas discovery in the North Sea has been estimated to have reserves of nearly 250 million barrelsRead More

Survey points to higher confidence

Oil and gas sector recovers its appetite for recruitment

Maersk oil field
Workforce recruitment is on the rise among oil and gas contractors in the UK Continental Shelf (UKCS) as business confidence reaches its highest level since 2013, according to an industryRead More

North Sea takeover move

Faroe urges investors to snub DNO’s £608m cash offer

Graham Stewart company pic
Norwegian energy company DNO ASA suffered a frosty reception from investors after launching a £608 million all-cash hostile bid for Aberdeen-based Faroe Petroleum. DNO already owns 28.22% of the NorthRead More

Warning on No Deal

Oil rigs face shutdown over Brexit skills fears

Maersk oil field
Oil and gas platforms in the North Sea may have to be shut down if there is either a hard Brexit or no deal on EU withdrawal, according to an industry body.