BP and Shell have both scaled down investments and divested assets in the North Sea since the oil price began to slide in the late summer 2014.
But the two oil majors will still be present on the British and Norwegian shelves in the North Sea going forward, as evident from comments from the two companies' CEOs, reports Financial Times.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Retail customer interest in power prices doubles over half year
Nord Pool reports more than 200% increase among electricity consumers on the pan-European energy exchange’s respective websites – a development that could help balance power grids, says Danish TSO.
Rocketed wind farm in Ukraine feared offline
Parties behind 250MW wind farm Syvash no longer have control of the asset nor knowledge of the extent of damage.
Ørsted and Petro Vietnam form offshore wind partnership
"Today’s inaugural agreement between Ørsted and PTSC M&C demonstrates another step forward in our ambitions to collaborate closely with local suppliers to kick-start Vietnam’s new offshore wind industry,” says Ørsted Vietnam Country Manager Sebastian Hald Buhl.
ScottishPower to build hydrogen plant at Port of Felixstowe
With a green hydrogen production plant, ScottishPower plans to supply the Port of Felixstowe and shipping at large with green energy corresponding to 100 megawatts.
K2 Management wins technical advisory contract for 1GW Scottish offshore wind
The Danish engineering consultancy is hired as technical advisor for offshore wind farm Inch Cape, recently allocated in the UK’s latest CfD round.
Senior Transaction Manager, M&A and Project Financing 
Chief / Senior Project Manager for Complex Green Gas Projects 
Wind turbine technician 
Analyst for Denmarks green transition 
Legal Manager, Compliance and Regulatory 
Head of Tax (Vice President) 
A lawyer (chief consultant) is wanted for People & Culture 
Technically skilled Project Manager for a new function in eMobility Delivery in Norlys Energi 
GMP Compliance Consultant to Eltronic in Ballerup 
The Climate Council is looking for a student assistant with an interest in the climate area, good understanding of numbers and analytical sense 
Financial consultant for the district heating area