Aberdeen energy capital status ‘at risk’ amid plunge in North Sea confidence
Aberdeen’s status as a global energy capital is at risk, a key industry report has warned, as confidence in the UK North Sea is now near a “record low”.
Equinor postpones Trollvind floating wind project ‘indefinitely’
The Trollvind floating wind project is no longer commercial due to rising costs, said Equinor.
Ardersier: Video sets out major offshore wind manufacturing vision at Highlands port
Up to 2,000 people will be onsite during peak production, with one floater produced at Ardersier every week, BW Ideol said.
Exxon says reaching net zero global emissions by 2050 ‘highly unlikely’
Exxon Mobil Corp. (NYSE: XOM) said the prospect of the world reaching net zero carbon dioxide emissions by 2050 is “highly unlikely” due to the drop in living standards that would come with such a scenario.
UK CCS licensing round: When will we know all the winners?
Just a fraction of those offered sites by the NSTA have come forward - and an offer made doesn't mean it will be accepted. We explore what those successful companies have to consider.
Sale of UK North Sea discovery delayed yet again
The sale of a UK North Sea oil and gas discovery has been delayed for the second time since its announcement in January.
Petrofac JV wins $1.5bn contract for Algeria petrochemical plant
A Petrofac (LON: PFC) joint venture with China has won a $1.5bn contract for a petrochemicals plant in Algeria.
Highlands jobs boost with £200m investment from Japanese firm
Plans which could create 150 “green” jobs in the Highlands are being given a £200m boost.
Global warming to break 1.5 degree limit within five years
Activists and politicians have called for urgent action on fossil fuels after a report found that scientists are likely to record a global average temperature of more than 1.5C above pre-industrial levels over the next five years.
Who’s bidding in the first ever UK CCS licensing round?
With awards rumoured to be on the way, we take a look at the companies who have announced public bids for acreage in the first UK CCS licensing round.
Piper Alpha memorial garden: £35,000 for new roses but no major changes as revamp talks continue
No major changes are to be made in the Piper Alpha memorial garden ahead of the 35th anniversary of the disaster.
Elemental Energies acquires Aberdeen’s Norwell Engineering (exclusive)
Newcomer Elemental Energies has continued its run of acquisitions with the buy-out of fellow Aberdeen firm Norwell Engineering.
North Sea being taxed ‘to death’ says Ineos owner Ratcliffe
Sir Jim Ratcliffe said the windfall tax raises doubts about upgrades to the Forties Pipeline System.
Reduced growth market exposure may have cut Apollo interest in Wood: Analyst
An analyst has given his verdict on items which may have cut Apollo’s appetite in taking over Aberdeen engineering group Wood (LON: WG) - namely growth market exposure.
Cammach launches dedicated Drilling & Wells division as leading oil & gas recruitment agency appoints new MD
Leading Oil & Gas, Renewables and Space Industries recruitment agency, Cammach, has announced the launch of a dedicated Drilling & Wells division, at the same time appointing Drew Alexander to the role of Managing Director of the entire business.
‘Will these blocks ever be licensed again?’ Over 5,000 km2 of North Sea exploration given up
More than 5,000 km2 of North Sea exploration acreage was surrendered today as deadlines for licences hit the industry.
Farm-outs scrapped as Orcadian Energy loses North Sea licence
Orcadian Energy (AIM: ORCA) has been forced to give up a 25 million-barrel North Sea discovery after the NSTA regulator stepped in.
Lawsuit targeting Shell board over climate failures is thrown out
A London judge dismissed a lawsuit accusing Shell (LON: SHEL) board members of failing to manage climate change risks.
UK homes facing £6,000 bill for imported gas over next 12 years
The Energy and Climate Change Intelligence Unit (ECIU) said that it would not be possible to avoid this by producing more gas domestically, as the UK's North Sea reserves are dwindling.
Wood shares plunge as Apollo decides against takeover move
Shares in Wood are down 34% on the news that Apollo will no longer be pursuing the Aberdeen engineering giant.
How can Aberdeen ensure its getting the best skills for the energy transition?
Aberdeen’s ongoing transition of decarbonising the oil and gas industry and investing in the development of sustainable green energies has the potential to inject new life into the city, restoring its position on the world stage as an economic powerhouse.
Court throws out firm’s £400m lawsuit for ScotWind lease damages
A court has thrown out an offshore wind lawsuit for £400m in damages over a contested ScotWind seabed lease off Aberdeenshire.
EnQuest to make Sullom Voe Terminal infrastructure ‘fit for purpose’
The operator of the Sullom Voe Terminal, EnQuest (LON: ENQ), is planning to rework its processing facilities to make the site smaller and reflect “substantially” reduced production rates.
Aramco 1:1 Booking Now Live For Energy Exports Conference 2023
Aramco’s delegation focused on engaging with the UK’s energy supply chain
National Grid needs to deliver ‘five times as much as the last 40 years’ by 2035
The National Grid has seven years to deliver upgrades equivalent to five-times what it has achieved in the last four decades, a major industry conference has heard.