Offshore Energies UK’s 2025 Business Outlook report launched on Tuesday says that “under the right business conditions” half of the 13-15 billion barrels of oil…

Shell announced it has restarted production at the Penguins field around 150 miles north-east of the Shetland Islands in the UK North Sea. Shell said…

Edinburgh-based oil and gas firm Capricorn Energy said in an operational and trading update it is currently evaluating mergers and acquisition opportunities in the UK North…

Edinburgh-based oil and gas firm Capricorn Energy said on Friday it has not received “the final settlement payment of $22.5m from Waldorf Production UK PLC…

Equinor UK Ltd, a subsidiary of Equinor ASA, and Shell UK Limited, a subsidiary of Shell plc, are to combine their UK offshore oil and…

Deltic Energy Plc said on Monday the UK “is not the ideal place in which to invest in new oil and gas exploration or appraisal…

The British Chambers of Commerce (BCC) has called for an independent taskforce to examine energy transition in the North Sea to “safeguard tens of thousands…

UK-focused NEO Energy, which has interests in assets across the North Sea, said on Monday it will slow down investment plans across its portfolio “in…

Increased windfall taxes on the UK North Sea’s offshore oil and gas producers would cost the UK economy about £13 billion over the next five…

Independent UK oil and gas producer Viaro Energy confirmed on Tuesday it would buy UK Southern North Sea natural gas assets owned by Shell and Exxon…

North Sea oil and gas operators must “take action on well decommissioning to support the UK’s supply chain, clean up their oil and gas legacy…

The North Sea Transition Authority (NSTA) said the search for carbon storage and windfarm sites has received a significant boost with the transfer of valuable…

The UK Department for Energy Security and Net Zero has denied reports that Ed Miliband has banned the North Sea Transition Authority (NSTA) from issuing…

Perth-based electricity infrastructure giant SSE and its partners have announced they are moving forward with development of 2GW offshore wind farm in the Dutch North…

Aberdeen-based engineering giant Wood Group has been awarded a contract by Centrica Energy Storage (CES) for the redevelopment of the UK’s Rough field in readiness for…

The chief executive of Edinburgh-based oil and gas firm Capricorn Energy told the firm’s AGM that Capricorn is continuing “to actively evaluate opportunities to create shareholder…

Chevron is planning to sell its remaining UK North Sea oil and gas assets in a move that would mark the US energy giant’s exit…

Italian energy firm Eni S.p.A. announced that it has reached an agreement to merge “substantially all” of its upstream assets in the UK with Aberdeen-headquartered Ithaca…

Aberdeen-based independent oil and gas firm Parkmead Group announced it has been provisionally awarded three new offshore blocks by the North Sea Transition Authority (NSTA) in…

John Wood Group, the Aberdeen-based global engineering and consulting giant, has announced two important developments for the company. Wood said it has been awarded a…

Edinburgh-based oil and gas firm Capricorn Energy announced it will acquire a stake in the Columbus gas field in the UK Central North Sea under a…

John Wood Group, the Aberdeen-based engineering and consulting giant, said it has secured a two-year contract extension with Equinor UK Limited to support energy production…

Shutting down obsolete North Sea oil and gas platforms is a business opportunity worth more than £20 billion over the next decade, according to calculations…

Offshore Energies UK (OEUK), the trade body for the sector, welcomed the offer of new oil and gas licences by the North Sea Transition Authority…

A new report from Robert Gordon University (RGU) in Aberdeen has said that the UK offshore energy workforce can increase by up to 50% from…

Wood Group plc and Harbour Energy, the UK’s largest oil and gas producer, have entered into a new strategic partnership for UK North Sea operations…

The Scottish Government said on Wednesday that Scotland’s “notional deficit” under the current constitutional position as part of the UK has continued to fall “at a…

North Sea decommissioning work offers a “significant opportunity” with £21 billion of spending forecast in the next decade, according to the UK’s North Sea Transition Authority…

Shares of Deltic Energy Plc rose about 30% after it announced a “significant” increase in its estimate of oil and gas resources for the Pensacola…

Business confidence in the UK Continental Shelf (UKCS) is at a near record low, falling from +36 points last April to -37 today. That’s according…

Green energy and infrastructure developer Cerulean Winds has revealed a £20 billion investment plan to build the North Sea Renewables Grid (NSRG), an offshore integrated…

Shell U.K. Ltd announced it has completed the restart of operations at the Pierce field in the UK Central North Sea, following a “significant upgrade”…

The North Sea Transition Authority (NSTA) said 115 applications have been received for the UK’s 33rd offshore oil and gas licensing round. The bids are…

Unite, the UK’s largest offshore trade union, said over 200 of its members have accepted an improved wage offer at Petrofac Repsol installations in the North Sea. Unite…

Over 2,000 North Sea wells involved in oil and gas extraction are to be decommissioned at a cost of around £20 billion over the next…

Offshore Energies UK (OEUK) has warned that oil and gas companies risk being “driven out” of investing in UK waters if UK finance minister Jeremy…

The UK Treasury has taken £8 billion in tax from the North Sea in just nine months, according to new research by Aberdeen & Grampian…

In a move to strengthen energy security, the UK government has confirmed its support for a new oil and gas licensing round, expected to be…

Offshore Energies UK (OEUK) has called for a “rapid acceleration of investment” into North Sea oil, gas and offshore wind — and a prompt announcement…

The UK needs to keep developing new oil and gas fields in the North Sea even as it develops major offshore wind and carbon capture and…

The oil and gas industry will pay £7.8 billion in UK taxes this year, and will likely pay another £4.8 billion in 2023-24, Offshore Energies…

UK government business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to…

A new report from powerful trade body Offshore Energies UK (OEUK) has warned that the UK will have to import almost all its gas and…

The UK’s Oil and Gas Authority (OGA) is planning to hold a North Sea oil and gas licensing round this year, according to a report in…

Dozens of Scottish and British business leaders have joined forces to warn Scottish and Westminster politicians against creating a “hostile investment environment” for the North…

Aberdeen-based global engineering and consulting group Wood plc has announced a series of UK North Sea contract awards with key clients — including Shell UK…

Greenpeace announced it has lost its court case challenging the UK government’s decision to grant a permit to BP to drill the Vorlich Field in…

Deltic Energy Plc announced it has entered into a binding, conditional farm-out agreement in relation to five of its gas licences in the Southern North Sea…

Oil and gas firm EnQuest announced on Friday it signed a new debt facility for $750 million to enable a refinancing and fund the acquisition…

North Sea focused oil and gas development company Orcadian Energy plc said on Wednesday said it is planning an initial public offering on London’s AIM…

About 75% of North Sea oil and gas contractors anticipate moving into renewables work in the next three to five years, according to the 33rd…

Amazon has invested in a major Scottish offshore wind project in the North Sea as part of a global announcement of new corporate power purchase…

The UK Government’s Business Secretary Kwasi Kwarteng has rejected calls to bring an end to new licences for North Sea oil and gas as part of efforts…

ExxonMobil Corp said on Wednesday it will sell non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for…

Shares of oil and gas producer EnQuest plc fell about 8% on Thursday after it agreed to buy Suncor’s 26.69% equity interest in the Golden…

SSE plc, the Perth-based renewable energy and networks giant, said on Tuesday it agreed to sell its portfolio of gas exploration and production (E&P) assets…

A new report from leading think tank IPPR has urged the UK and Scottish governments to work together to develop a new net zero deal…

Perth-based energy giant SSE, Iberdrola’s ScottishPower and the UK’s National Grid have confirmed they are developing ambitious plans to deliver “an underwater super-highway that will see…

Consultants Wood Mackenzie on Wednesday published a comprehensive roadmap for the North Sea’s future to the Oil & Gas Technology Centre (OGTC) in Aberdeen. The plan sets…

North Sea oil producer RockRose Energy Plc said on Monday it agreed to be bought by privately held energy firm Viaro Energy in a deal…

Powerful trade group Oil & Gas UK (OGUK), the representative body for the UK’s offshore oil and gas industry, warned on Tuesday that up to…

The leading representative body for the UK’s offshore oil and gas sector has warned that the latest oil price developments “could fundamentally undermine the ability…

Leaders of the UK’s offshore oil and gas industry have warned that the economic impact of the coronavirus and dramatic falls in oil and gas…

UPDATE 3 — Shares of North Sea producer Premier Oil rose 15% on Tuesday after it announced plans to buy stakes in the Andrew and…

A new report has forecast that expenditure for North Sea decommissioning work will be £15.2 billion over the next 10 years. The 2019 Decommissioning Insight report was…

The North Sea oil and gas industry has huge potential to play a significant role in the energy transition and set a precedent for facilitating…

Shares of oil and gas firm i3 Energy soared almost 50% on Tuesday after it announced it discovered around 200 million barrels of oil in…

French energy giant Total could invest up to $10 billion in the North Sea over the next five years, CEO Patrick Pouyanne said on Tuesday. …

Shares of Jersey Oil & Gas (JOG) soared 155% on Monday after it said it was awarded 100% working interests and operatorship of three North…

The UK’s Oil and Gas Authority (OGA) has launched the 32nd Offshore Licensing Round with 768 blocks or part-blocks on offer across the main producing…