A pipelin company based in Aberdeenshire has been acquired by the Japanese group Mitsui, with the deal expected to be finalized later this summer, subject to regulatory approvals.
During a session in the House of Commons, Energy Secretary Grant Shapps expressed strong opposition to the idea of not issuing new oil and gas licences, labeling it as a "bonkers policy."
Three Norwegian unions representing rig workers have successfully negotiated a 6.5 percent increase in minimum pay with the Norwegian Shipowners' Association, preventing a strike that would have halted well activity on Norway's continental shelf.
DNO Norge, Longboat Energy, and Petoro have joined forces to establish a new licence group focused on advancing two exploration prospects in the North Sea.
Extinction Rebellion, a climate activist group, has taken action this morning by targeting the offices of Wood Plc, previously known as Wood Group, in Aberdeen and Staines.
Equinor is facing opposition from politicians and environmentalists as it develops the Rosebank oilfield as part of the UK's North Sea Transition deal for energy security.
Ofgem, the energy regulator in the UK, has accused power station owners of manipulating the system to gain excessive profits. In response, Ofgem has outlined measures to curb this practice.
