Scotland launches £4m oil and gas decommissioning fund

Industry reports suggest £15.3bn is forecast to be spent on the UK Continental Shelf until 2027

New competition seeks to improve wind energy resource estimates

The growing size of offshore turbines and wind farms, extending beyond 200m in height and occupying tens of kilometres, has challenged traditional wind farm models

Greenpeace protestors board North Sea oil rig in protest against BP

Two climate activists climbed aboard the 27,000-tonne platform as it was towed out into the North Sea

Chevron sells North Sea business to Ithaca Energy for $2bn

The latter company’s portfolio is forecast to deliver around 80,000 barrels of oil equivalent per day

MPs concerned about North Sea oil and gas clean-up costs to taxpayers

The Public Accounts Committee is calling on BEIS to ensure taxpayers are protected from the risk of footing the bill

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