Renewables:Whilst the wider transactions market has slowed down in recent months, transaction activity in the renewables sector has remained very active, particularly with respect to greenfield renewable financing.
More sociable hours for offshore workers may mean a different rewards structure compared to the oil and gas industry.
Energy logistics firm ASCO plans to increase profitability by 50% over the next five years, with the majority of its returns coming from new energies by 2030.
A test of the Southern North Sea Crosgan discovery has been hailed for its promising results.
Europa Oil and Gas (AIM: EOG) and i3 Energy (AIM: i3e) are considering plans to pick up the Tain North Sea discovery given up by Repsol earlier this year.
Chancellor Jeremy Hunt will announce the next UK budget on March 6, giving the governing Conservatives what’s likely their last opportunity to announce giveaways before a general election.
Russia expects Brent prices to average between $80 and $85 a barrel next year amid OPEC+ output cuts, Deputy Prime Minister Alexander Novak said in a TV interview.
OPEC nations Iraq, Nigeria and the Republic of Congo affirmed their commitment to the oil-producer group following the exit of Angola last week.
It is fair to say 2023 has been a tough year for the wind turbine industry. After years of exceptional growth, accelerated technology innovation and declining costs, the sector was hit with multiple challenges sending ripples of delays and doubts.
At the heart of the case is a failed 2010 gas deal between Nigeria and P&ID.
An Aberdeen oil rig firm has received notice of legal action over a cancelled contract and a dispute over payments.
700 offshore wind vessels - 12% of total traffic - came to the port in 2023.
Harbour Energy (LON: HBR) shares have jumped after announcing an $11.2bn mega-deal for Wintershall DEA - in a pivot away from the UK sector.
TotalEnergies (XPAR: TTE) has agreed to sell 25.5% of Seagreen, Scotland’s largest offshore wind farm, in a £552m deal with Thailand national oil firm PTTEP.
North Sea giant Harbour Energy (LON: HBR) has unveiled an $11.2bn deal to buy German oil and gas firm Wintershall DEA.
Eni (BIT: ENI) agreed to sell about 9% of its Plenitude renewables unit to Energy Infrastructure Partners AG for €700 million ($766 million) via a capital increase to be completed in early 2024.
Rosebank has been known as a complicated prospect to tap into many years - we speak to Professor Nicholas Schofield about the much-overlooked geology underlying this complexity.
The CEO of new UK gas firm Energy Pathways (AIM: EPP) is bullish on getting its flagship project to sanction in 2024, after listing in London today.
Shell has taken a final investment decision on “Sparta” a deepwater development in the US Gulf of Mexico.
Group will report $180m loss for 2023, despite positive news today on a $1.4bn TenneT contract win.
After selling-off its North Sea assets, Capricorn Energy (LON: CNE) is making a re-entry into the UK through a new deal with Waldorf Production.
The engineering firm has secured work in the UK, Europe, Brazil, South-East Asia, the Middle East and USA.
The UK will introduce a carbon border levy in 2027 for imports of emissions-intensive goods from countries deemed to have weaker climate rules, following a similar move by the European Union.
Serica Energy (LON: SQZ) has bolstered its “financial firepower” after securing a loan deal worth $525m over six years.
Shell (LON: SHEL) and Deltic Energy (AIM: DELT) have taken a well investment decision on their planned appraisal of the Pensacola discovery.
