Spirit Energy CCS cluster in team-up with cement industry
A carbon capture and storage (CCS) cluster led by North Sea operator Spirit Energy has announced a team up with the cement industry.
North Sea operator IOG to enter administration
IOG (AIM: IOG) will be placed into administration as the troubled North Sea operator is overcome with debt and operational issues.
Rosebank had three-month wait for regulator approval, documents reveal
Other recent projects had a gap of two weeks.
Rosebank is ‘ray of light’ for Ithaca Energy
Approval of the Rosebank oilfield is a “ray of light” for projecy partner Ithaca Energy, an analyst has said, after the firm was forced to take write downs of £58m linked to the windfall tax.
Rosebank: Where will the oil go?
Equinor was asked that key question during a media briefing on the Rosebank oilfield on Wednesday.
Equinor ‘not tone deaf’ to emissions debate on Rosebank
Meanwhile 2030 "is the earliest time" electrification could be achieved - years after first oil.
TechnipFMC, Odfjell and Altera win Rosebank contracts
TechnipFMC, Odfjell Drilling and Altera Infrastructure have been big contract winners at the Rosebank oilfield.
Rosebank oilfield approved by UK regulator
Equinor has taken a final investment decision with partner Ithaca Energy.
UK carbon capture projects consider move overseas over funding delays
Several carbon capture and storage (CCS) projects in the UK are considering a move out of the UK to more favourable conditions overseas, a trade body has warned.
West of Shetland: The projects in the UK’s oil and gas hotspot
From Ithaca's Cambo to Shell's Victory, and everything in between…
UK Government bank will consider buying stakes in floating wind ports
UK ports face uncertainty when investing in floating wind - the UK Infrastructure Bank is looking at levers to help.
BP signs agreement with Subsea 7 and SLB ‘alliance’
Oil giant BP (LON: BP) has signed an agreement with SLB (NYSE: SLB) and Subsea 7’s (OSLO: SUBC) "Subsea Alliance" to strengthen its global underwater projects.
Chevron and unions agree to end Australia LNG strikes
Chevron (NYSE: CVX) and labor unions reached an agreement to end strikes at key liquefied natural gas facilities in Australia that have roiled the global market for the fuel.
UK offshore wind industry pain to last years, hedge fund says
The once-booming UK offshore wind industry faces years of pain, including project delays and possible cancellations, due to soaring costs and higher interest rates.
Chevron and unions near deal to end LNG strike, regulator says
Chevron (NYSE: CVX) and unions are close to a deal to end strikes at LNG export plants in Australia that have roiled global markets, with the nation’s regulator proposing an agreement to bridge the remaining issues.
TotalEnergies to invest $300 million in Adani green projects
It's the first public deal between TotalEnergies and Gautam Adani since a short-seller leveled fraud allegations against the Indian billionaire’s business empire.
Cable failure top cause of offshore wind insurance claims, warns Allianz
Cable failure is costing millions per case, while larger turbines mean larger risks for insurers.
Captain electrification: Grid connection is ‘biggest challenge’ says Ithaca
Proximity to shore playing in favour of project to cut 100,000 tonnes of CO2 per year.
Namibia: Shell and TotalEnergies giant oil discovery threatens resource curse
It’s touted by some as possibly the world’s biggest-ever deep-water oil find.
Sunak plans roll back on green energy policies
UK Prime Minister Rishi Sunak said he would roll back some green energy policies while sustaining the country’s long-term carbon emission reduction target, a move that sparked a backlash among Tory MPs and created uncertainty for industry.
Shell reveals £10m price tag for demolition of former Aberdeen HQ
The demolition of the huge former Shell HQ in Aberdeen is estimated to cost £10 million.
Dozens of Petrofac workers to strike on Ithaca assets after ‘clawback’ offer rejected
Around 85 Petrofac (LON: PFC) workers will strike for six days after rejecting a pay deal the union claimed would amount to a £6,000 pay cut.
BP names Kate Thomson as interim CFO
BP (LON: BP) has named Kate Thomson as its new interim chief financial officer (CFO).
Serica Energy balances buoyant results with ‘wholly unwelcome’ windfall tax
Serica reported a large increase to pre-tax profits but lambasted the “burden” of the UK windfall tax on the wider industry.
Equinor’s Johan Castberg sees cost surge by nearly £1bn
Meanwhile Var Energi, a partner on Johan Castberg, has also seen costs surge on its Balder X project.