Energy News

North Sea confidence at all-time low

Confidence and activity levels on the UK Continental Shelf are at an all-time low, with four in five contractors saying they are less confident about their prospects than a year ago. ...Read More

Industry bodies to align and improve decommissioning agenda

UK offshore oil and gas industry trade bodies Oil & Gas UK and Decom North Sea are set to align on key areas in order to deliver an enhanced decommissioning agenda for the North Sea. ...Read More

Oil & Gas UK report shows “steady growth” in decommissioning

Growth in the UK oil and gas industry’s decommissioning sector is at a “steady pace” according to a new report from Oil & Gas UK. ...Read More

Co-operative approach sees new decommissioning advice

Oil & Gas UK and Decom North Sea have jointly published the “Adoption of Novel Solutions” report, providing good practice for how to use new technologies when decommissioning offshore assets. ...Read More

New publications to promote efficient decommissioning

Oil & Gas UK has published two new documents to help operators and contractors plan and execute their decommissioning activities more efficiently. ...Read More

NSRI to explore opportunities in Japan

The National Subsea Research Initiative (NSRI) will embark upon a trade mission to Japan next week, exploring the opportunities in subsea mining and renewables available in East Asia. ...Read More

“Glimmer” of oil and gas optimism shows progress

The latest Business Sentiment Index from Oil & Gas UK has found that, while there are still concerns about the industry’s future, there has been a rise in optimism from operators and contractors. ...Read More

Ineos signs shale gas deal with ExxonMobil and Shell

Ineos has signed an agreement with ExxonMobil Chemical Limited and Shell Chemicals Europe BV to supply ethane from US shale gas for the Fife Ethylene Plant. ...Read More

Employers asked to support oil and gas apprenticeships

North Sea oil and gas firms are being asked to continue their support for technical apprenticeships for young people during the current downturn. ...Read More

A record 75 oil and gas companies target Middle East market

Almost 60 oil and gas companies have joined the Scotland pavilion at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). ...Read More

North Sea production up for Apache despite £3.75bn loss

Apache Corporation has announced a Q3 net loss of $5.7billion (£3.75bn), but has also seen a rise in production from its North Sea projects. ...Read More

Scotland to host world’s largest floating wind farm

Consent has been granted to create the UK’s first, and world’s largest, floating offshore wind development off the coast of Peterhead. ...Read More

ScottishPower awards £200m network upgrade contracts

ScottishPower has announced 13 new maintenance contracts for its electricity networks, worth almost £200million over four years. ...Read More

Record increase for heat generated by renewables

The amount of heat generated by renewable sources in Scotland saw a record increase in 2014, growing by 36%, according to new figures from the Energy Saving Trust. ...Read More

Wood Group appoints new CEO

Wood Group has announced the appointment of Robin Watson as chief executive officer, succeeding Bob Keiller who will retire from the post at the end of the year. ...Read More

Mackie’s switches on Scotland’s largest solar panel farm

Mackie’s of Scotland is set to switch on the largest solar panel farm in the country today, which will generate the equivalent amount of energy required to make four million litres of ice cream. ...Read More

Renewables electricity generation up 13.5% in one year

A record amount of Scotland’s electricity was generated from renewables in the first half of 2015, according to new statistics from the Department of Energy and Climate Change. ...Read More

Global Energy Group opens £45 million Nigg facility

Global Energy Group welcomed Andy Samuel the CEO of the UK Oil and Gas Authority to Nigg Energy Park to officially open their new quayside facilities and to attend the first ever Oil & Gas UK Fabricators Forum to be held in the Highlands. ...Read More

Windfarm subsidy cuts having “significant impact” on investment

New research from industry body Scottish Renewables has found that the early end to renewables subsidies is already having a “significant impact” on investor confidence and their ability to lend to developers. ...Read More

£2billion cost improvement by 2016 predicted for North Sea industry

Oil & Gas UK’s annual Economic Report, which is published today, has found that efforts to improve efficiency across the sector are leading to an estimated 22%, or £2billion, reduction in operating costs by the end of 2016. ...Read More


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