Amid ongoing turmoil within global energy markets, calls for urgent action to revitalise the North Sea have intensified. Industry leaders argue that the UK must create conditions conducive to increased
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Ed Miliband is encountering renewed pressure to reconsider his ban on oil and gas exploration in the North Sea. This development comes in the wake of Denmark’s announcement to extend
RBC Capital Markets has downgraded Shell to Sector Perform from Outperform, expressing significant concerns regarding the energy major’s resource depth following what the bank characterised as an unusual double miss
Harbour Energy expands North Sea footprint with $170 million dollar Waldorf deal and job cuts follow
Harbour Energy has strengthened its North Sea operations through a $170 million dollar acquisition of key assets from Waldorf Energy Partners and Waldorf Production, shortly after the company announced it
Over seven thousand companies and business leaders have issued a public call for urgent government action, pressing for the immediate implementation of the new North Sea fiscal regime. The demand
Equinor, the Norwegian state-backed energy company, has unveiled plans to drill 250 oil and gas exploration wells off Norway by 2035. The initiative, one of Norway’s largest ever industrial undertakings,
A report from Offshore Energies UK warns that the cost of dismantling obsolete oil and gas platforms in the North Sea has reached a new high, set to surpass spending
Offshore oil and gas workers face strict new weight limit from November 2025 as safety rules tighten
The UK oil and gas sector is set to introduce a new industry-wide weight restriction that could leave thousands of offshore workers facing dismissal unless they slim down. From November
Britain’s largest oil producer, Harbour Energy, is preparing to halve its investment in the North Sea amid fierce criticism of Labour’s so called punitive windfall tax. Executives confirmed plans to
BP has agreed to divest minority stakes in key onshore oil and gas pipeline assets in the United States to investment firm Sixth Street. The deal, valued at £1.2 billion,
About 2,000 Petrofac employees working in the North Sea are facing an uncertain future after the oil services company, once a FTSE 100 stalwart, filed for administration. Petrofac, which boasts
Fresh warnings have emerged over the future of the North Sea oil and gas sector, as Labour’s approach to exploration licensing has sparked division and concern among politicians, industry bodies,
Petrofac, one of the United Kingdom’s leading offshore oil and gas contractors, faces a critical juncture as it scrambles to secure its financial future. The Aberdeen-based company, employing 2,000 skilled
Ed Miliband, the UK energy secretary, is prepared to advance new measures aimed at encouraging oil and gas drilling in the North Sea, despite Labour’s firm manifesto commitment not to
Analysts at Wood Mackenzie, a world leader in energy data, have revealed that Britain’s North Sea could hold up to three times more recoverable oil and gas than currently estimated
The UK government’s decision to maintain windfall taxes and impose drilling restrictions in the North Sea could cost the Treasury £10bn in lost tax revenue by 2030, analysts have warned.
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