Around 1400 offshore workers employed on the UK Continental Shelf (UKCS) platforms will take strike action in the next weeks, seeking better deal on jobs, pay, and conditions, workers' union Unite said Monday.According to Unite, platforms and…
Harbour Energy, Britain's largest oil and gas producer, said on Thursday it will conduct a $200 million share buyback, after higher oil prices helped free cashflow triple to $2.1 billion but windfall taxes weighed on its profit. After Britain…
A final investment decision for the long-stalled Sea Lion development offshore the Falkland Islands could be reached in 2024, Rockhopper, a partner in the project, said Friday, after Navitas Petroleum, the project operator, presented it with an updated development plan…
British union Unite on Friday said several Sparrows offshore services workers have voted to strike at dozens of platforms on the UK continental shelf including those of BP and Shell.Around 150 Sparrows workers across more than 20 oil and gas platforms have voted for strike in a dispute over pay…
Efforts to remove carbon dioxide (CO2) emissions from industry and store them underground storage have gained steam across Europe over the past few years as countries seek to meet their climate goals.The interest in carbon capture and storage…
The British regulator overseeing the latest North Sea oil and gas licensing round will prioritize companies aiming to bring natural gas to market within months, its head said on Wednesday.Britain launched last year its first oil and gas exploration…
A project to power subsea equipment with wave power and subsea energy storage has taken to the seas in the north of Scotland.The £2 million demonstrator project, called Renewables for Subsea Power (RSP), has connected Mocean Energy's Blue X wave energy converter – Verlume's Halo underwater battery…
Offshore Energies UK, a body representing the UK's offshore energy industry, has called for the government to help rebuild investment confidence following tax hikes that have forced the UK's biggest oil and gas producer in the North Sea, to start planning job cuts…
Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told Reuters. London-based Shell…
The British North Sea's biggest oil and gas producer Harbour Energy told its staff that it plans job cuts in the wake of a windfall tax imposed on the sector last year, the company said on Wednesday.The jobs would be cut in Harbour Energy's headquarters in the North Sea hub of Aberdeen…
An offshore oil worker went missing from a drilling rig in the UK North Sea, 100 miles southeast of the Aberdeen coast, on Sunday.The BBC reported Monday that a search and rescue operation had been launched after an alarm was raised at around 9 p…
Britain's opposition leader Keir Starmer said on Thursday there would be no investment in new oil and gas fields in Britain under a Labour government - a big change from current UK energy policies.Starmer said during a panel discussion at the…
Offshore drilling firm Valaris said Friday it had recently secured contracts and extensions for its offshore drilling rigs in Brazil, the U.S. Gulf of Mexico, and the UK North Sea.In Brazil, French oil company TotalEnergies exercised an extension option for the VALARIS DS-15 drillship…
Welligence expects global offshore exploration drilling activity in 2023 to remain relatively steady year-on-year, with the majors driving much of the activity in their core regions. Two areas with big impact potential - the Atlantic Basin and…
Offshore drilling company Transocean has secured contracts and extensions worth $488 million in total for five offshore drilling rigs.In the U.S. Gulf of Mexico, the ultra-deepwater drillship Deepwater Invictus has won a 100-day, three-well contract with an unnamed independent operator…
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