Yousaf rejects watchdog enquiry over renewables stat
First Minister Humza Yousaf says he will not refer himself to a parliamentary watchdog over allegations he misled MSPs regarding Scotland’s renewable energy capacity.
KCA Deutag wins rig electrification work with Equinor
KCA Deutag has been awarded a contract to carry out a major project to electrify Equinor’s (OSE:EQNR) Askepott jack-up rig in Norway.
‘Emissions canyon’ between current policies and safe climate, says UN
There is an "emissions canyon" between current policies and what is required to stop the Earth heating beyond safe limits, the UN has warned.
Monitoring kicks off at Salamander wind site off Peterhead
The developers of a floating wind scheme off the northeast coast of Scotland have begun gathering wave, wind and weather data at the site.
KUFPEC exits Norway in $450m sale
Kuwait’s overseas oil producing arm has agreed a deal to sell its Norwegian assets to Polish energy group Orlen.
Homes close to new pylons to be offered £1,000 off bills a year under Hunt plans
Households closest to new pylons and electricity substations could receive up to £10,000 off their bills over a decade under plans being announced by Jeremy Hunt.
Households set to learn of fresh energy price rise
Households are set to learn that their energy bills will rise again from January as hopes for relief from the cost-of-living crisis are put on hold.
Aberdeen firm STC Insiso living the American dream
A new contract win for Aberdeen firm STC Insiso in the US takes its total revenue haul from North America to date to more than £1.4 million.
Europe’s battered wind sector starts to find hope in year of crisis
The crisis engulfing Europe’s wind industry is proving to be a wake-up call: things have to change radically to make progress on what’s a key part of the climate transition.
Autumn Statement: Energy leaders seek fix for ‘uninvestible’ North Sea
While support for new North Sea oil and gas has been welcomed, the energy sector has called for a drop in windfall taxes and greater incentives for low-carbon investment ahead of the Chancellor’s impending budget.
Octopus launches £3bn offshore wind fund
Octopus Energy is to create its first offshore wind fund, vowing to invest £3 billion in global projects by the end of the decade alongside partner Tokyo Gas.
OPEC seeks to expand legal team for energy transition challenge
OPEC is seeking to expand its legal team as the oil producer group prepares for challenges posed by the global shift away from fossil fuels.
Results boost for Bumi Armada after Kraken issues resolved
Bumi Armada posted an uptick in profit and revenues for the third quarter, having resolved issues which took its Kraken FPSO offline during the summer.
Germany’s hydrogen ramp-up is slowing soon after it kicked off
Investments in Germany’s hydrogen production — a fuel the government considers crucial for its energy transition needs — have slowed in recent months after picking up speed last year.
Seaway7 eyes northeast jobs boost following £370m UKEF-backed loan
Offshore wind installer Seaway7 has secured a £370 million loan to expand its UK business, with 100 new Aberdeenshire jobs promised by the end of the decade.
North Sea FPSO shut down as HSE warns of ‘serious risk’ over mooring lines
Operator Bluewater Energy said it had made a precautionary shutdown of the Haewene Brim FPSO prior to the HSE warning and is now addressing the issues.
Oil firms among hopefuls in Norwegian wind auction
Seven consortia have submitted applications as part of Norway’s first offshore wind leasing auction, with strong interest from North Sea oil and gas majors.
Jobs ‘pay cut’ warning in switch from oil and gas to renewables
MSPs were given the example of an electrical technician in oil and gas earning around £20,000 more compared to the same role in offshore wind.
EU strikes deal to curb methane emissions in oil, gas supply
European Union negotiators struck a deal to curb methane releases from fossil-fuel infrastructure and plotted a course to monitor and limit the emissions associated with imported energy sources.
Report warns UK CCS capacity will fall short of 2030 targets
A new report finds that the UK’s carbon capture and storage (CCS) capacity is likely to fall short of 2030 targets and complains of ‘disproportionate’ support for blue hydrogen schemes over electricity generation.
UPDATE: Siemens Energy secures €15 billion deal to shore up finances
Siemens Energy AG has secured a €15 billion ($16.2 billion) deal with the German government, its biggest shareholder Siemens AG and a consortium of banks, as the troubled manufacturer weathers massive losses at its wind-turbine unit.
Reabold finds ‘material deficiencies’ in latest ouster attempt
Reabold Resources has hit back at a shareholder group’s latest attempt to oust its leadership, pointing to a series of ‘material deficiencies’ in due process.
Iona makes key investment in Scottish CCS developer
Iona Capital has acquired a stake in Carbon Capture Scotland Limited (CCSL), as the firm looks to reach a 1 million tonne-per-year storage target by 2030.
Ørsted execs step down after US wind cancellations
Two of Ørsted’s top executive management will step down with immediate effect as the company grapples with major impairments and cancellations on its US projects.
NSTA: Slow progress on emissions reduction is ‘threat’ to MER
The North Sea regulator warned that not moving quickly enough on efforts to reduce North Sea upstream emissions is a “threat” to economic recovery as it consults the sector on new measures to speed progress.