Aberdeen has been awarded £15m as part of a £100m Scottish Government package to advance the hydrogen economy, which could see the resource provide nearly a sixth of Scotland’s energy needs by 2030.
Academics and industry experts have teamed up to drive forward ambitions to repurpose North Sea oil and gas infrastructure for the production of geothermal energy.
The US-headquartered oil major will invest $15 billion in new and “aggressive” emissions reduction plans.
Companies including BP, Equinor, TotalEnergies and Shell make commitment to advance decarbonisation of hydrogen supplies by 2030.
The US government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the nation’s emergency reserves.
Boris Johnson has urged countries to "pull out all the stops" to secure action to limit dangerous global warming in the final days of COP26.
A new steering committee backed by Sir Ian Wood’s Energy Transition Zone (ETZ) has set out a vision of how 20% of the UK’s hydrogen capacity could be met by North-east Scotland by 2032.
Global energy companies are shifting to ESG investing; but what role can hydrogen play in the new energy economy? In this new series focusing on environmental, social and governance (ESG) investing in the energy industry, Mike Scott takes the temperature of the industry’s response to date, as well as the challenges ahead that this shift will present.
When retired oil tycoon Gareth Jones formed plans to transform an abandoned Aberdeen school into flats, he thought he was onto a surefire money-spinner.
Together with partner BP, the German utility is confident that investment plans for the Port of Leith and Aberdeen make for a compelling bid in the battle for ScotWind acreage.
Production at Mars and Ursa in the US Gulf of Mexico has resumed, following outages as a result of damage sustained during Hurricane Ida.
Oilfield services firm Archer has posted a pre-tax loss of around £5.6 million for the third quarter of 2021, as COVID continues to impact operations.
Speaking at a COP26 fringe event, BP climate director Jeff Swartz discussed the role of carbon offsetting in the energy major’s net zero plans.
The UK has corralled about 20 nations including the US, Canada and Italy at the COP26 climate summit to pledge to stop funding foreign fossil fuel projects, though the impact of the deal is undermined by the absence of key countries.
Mr Sharma refused to be drawn on whether oil and gas majors were formally excluded from the UN climate event.
Engineering giant Wood will release a plan to impose emissions targets on its suppliers and on its own products used by customers within the next year, according to chief executive Robin Watson.
Valaris has been reprimanded by the Health and Safety Executive (HSE) following an incident on one of its jack-up rigs that posed a risk of “serious injury”.
Having resolved issues with partner Neptune Energy, Spirit Energy has handed in an environmental impact assessment (EIA) for proposed new drilling at the Pegasus West discovery.
Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out in the Paris climate agreement, as an alliance championed by former central banker Mark Carney swells under the gaze of a world increasingly alarmed by planetary warming.
A COP26 fringe event saw wave and tidal energy firms praise Scottish government support for the sector, but call for greater certainty to enable commercialisation.
Global philanthropies dug into their pockets to make a big statement on the first full day of the United Nations climate conference.
Industry leaders have insisted that oil and gas firms have a “valuable role” to play in fighting climate change, despite being largely absent from the COP26 summit.
The UK is trying to corral at least 18 countries to agree to stop funding of foreign fossil fuel projects by the end of next year, according to people familiar with the situation.
The First Minister committed the Scottish Government to join a growing number of world governments who have expressed the view that unlimited recovery of oil and gas is unsustainable in light of the climate emergency.
The Greenpeace vessel carrying four youth climate activists made its voyage upriver to the COP26 conference, despite initial warnings from police not to proceed.
