Renewable energy to power oil and gas rigs?

The Oil and Gas Authority has started ‘significant work’ on how it can support the low carbon energy transition

EU greenlights Total’s buyout of Chevron’s Danish North Sea business

The Commission’s investigation found the proposed acquisition would not raise competition concerns

Equinor announces new oil discovery in the North Sea

The Telesto exploration well is estimated to have between 12 million to 28 million barrels of recoverable oil

Petrochemicals giant INEOS to pump £1bn in the UK

It is investing £500m in the Forties Pipeline System and £350m in a new energy efficient steam and power plant

Could ‘phantom volcanoes’ hold more oil and gas in the North Sea?

The Rattray Volcanic Province was assumed to contain the remains of three volcanoes

EU clears Siemens for Veja Mate offshore wind takeover

The wind farm generates enough electricity to power around 400,000 German homes a year

New significant gas discovery in UK North Sea

Recoverable resources are estimated close to 250m barrels of oil equivalent

First oil produced from North Sea development

The Garten field is producing more than 16,000 barrels of oil equivalent per day

Scotland awards £2.5m for oil and gas decommissioning

The decommissioning market is forecast to be worth up to £17bn by 2025

Picture of oil and gas platforms in the UK North Sea.
First oil flows from BP’s giant North Sea development

It is seen as a significant moment for the oil and gas sector in the UK