Oil & Gas

Danish pension fund AkademikerPension has completed a multi-year divestment program designed to purge its portfolio of oil and gas stocks. The fund, which oversees $20 billion in client assets, said on Thursday it has sold…

IOG (AIM: IOG) will be placed into administration as the troubled North Sea operator is overcome with debt and operational issues. The board said a notice has been filed in court after the board “regrettably concluded” it…

Newly published documents have revealed Rosebank had a three-month gap for approval from the North Sea regulator after its environmental counterpart gave the go-ahead. The North Sea Transition Authority (NSTA), which has…

QatarEnergy (QE) has signed a 14.2 billion riyal ($3.9bn) deal with South Korea’s HD Hyundai Heavy Industries (HHI). QE said the deal covered the construction of 17 LNG carriers. The agreement marks the second of the…

Kistos says that ‘adverse changes’ in the fiscal environment within the UK means that Edradour West, rather than Glendronach, is expected to go ahead next in the Greater Laggan Area (GLA). In the firm’s Interim results for…

TotalEnergies has agreed the sale of a 40% stake in Block 20, in Angola’s Kwanza Basin, to Petronas. The Malaysian-based company will pay $400 million for the stake, with an effective date of January 1, 2023. Total will keep…

The UK’s safety regulator has reprimanded TotalEnergies after crane equipment on the Dunbar platform was left in a poor state of repair for several years. An improvement notice was issued to the operator after inspectors…

The North Sea Transition Authority signed off on the ever-controversial Rosebank oil field this week and lit a tinderbox of political and environmental debate. Energy Voice’s Allister Thomas, Andrew Dykes and Ryand Duff dived…

Offshore industry analysts have greeted the approval of the Rosebank oilfield with cautious optimism, calling it a “litmus test” for the UK energy sector. The North Sea Transition Authority (NSTA) on Wednesday granted…

Ineos chairman Jim Ratcliffe took aim at UK politicians over what he described as a “total lack” of energy policy, as flows through a key North Sea pipeline tail off by some 40%. The Forties Pipeline System (FPS) is one of…