Exxon aims to become a leading lithium supplier for EVs by 2030
Exxon Mobil Corp. plans to become one of the biggest suppliers of lithium for electric vehicles, marking the oil giant’s first major foray outside of fossil fuels in decades.
New Ofgem rules to clear ‘zombie projects’ from grid queue
Ofgem has announced new measures to speed up grid connections and eject slow-moving developments will come into force before the end of this month.
Next generation of senior leaders to help ‘make strides’ in D&I
A new cohort of engineering and energy leaders has graduated from the AFBE’s 'Transcend' programme amid a push for greater diversity amongst top management.
TotalEnergies to buy Texas gas power plants for $635m
TotalEnergies agreed to buy three natural gas-fired power plants in Texas from TexGen Power for $635 million as it looks to expand in the US market.
Uncertainty clouds wind sector outlook on end-of-life planning
The wind sector is still very much in its ascendancy, but some vanguard projects are only a few years from the end of their initial design life, prompting many asset owners with the ultimate question – whether to repower or decommission?
‘We are not afraid to go first’: Repsol rises to decom challenge
Freshly transformed following the exit of former venture partner Sinopec, Repsol Resources UK is looking to the future of its operations in the North Sea.
Exclusive: NSTA pushes North Sea operators on well decom commitments
Amid ongoing uncertainty around tax, inflationary costs and supply chain availability, the North Sea’s regulator has written to operators impressing the need to maintain their commitments with regard to timely well decommissioning.
BP hails start up of 50m-barrel Seagull project
The new development is the first tieback to the ETAP hub in 20 years.
Byford Dolphin diving incident casts long shadow 40 years on
On 5 November 1983 an explosive decompression incident during a diving operation on the Byford Dolphin rig claimed the lives of five people.
Biden climate goal remains in reach even after wind setback
The cancellation this week of two major wind projects off the coast of New Jersey effectively sinks President Joe Biden’s end-of-the-decade goal for building out offshore wind energy, a component of the US plan to eventually reach net zero.
XR founder convicted after £27k damage in DfT protest
The co-founder of Extinction Rebellion has been found guilty of criminal damage after she broke a window at the Department of Transport during a protest in 2019.
US sanctions on Russian LNG threaten Japan gas security push
US sanctions on a major new Russian liquefied natural gas export plant threatens to pit Japan’s energy-security drive against its relationship with western allies.
ConocoPhillips shares jump after oil explorer lifts dividend 14%
ConocoPhillips jumped almost 6% after the oil explorer boosted investor payouts and raised its production outlook.
Hunting looks to debt-free diversification in pursuit of $2bn target
Following solid Q3 results oilfield supply chain firm Hunting is looking to M&A and global subsea growth to help reach a $2bn revenue target by the end of the decade.
Ace Winches boss calls on industry to invest more in young talent
North-east engineering firm Ace Winches has called on industry to invest more in training young people as it expands its own apprenticeship scheme.
Shetland pupils rename ESB-led floating ScotWind project
ESB has announced a new name for its 500MW floating wind farm off the coast of Shetland following a competition among local primary school children.
Shell eyes more buybacks as Q3 profits meet expectations
Shell reported $11.2 billion in pre-tax profits for the third quarter, on the back of higher oil prices and refining margins - a figure level with the same period last year and more than double that of Q2 2023.
Flotation, Vårgrønn make INTOG partnership exclusive
The developers of two floating wind farms secured as part of the INTOG leasing round have signed exclusivity agreements, paving the way for development later this decade.
BP becomes unique among oil majors with an analyst sell rating
For more than a month, the “big five” oil majors have been free of analyst sell ratings. No longer.
Ithaca completes Fotla acquisition, eyeing 2026 start-up
Ithaca has confirmed the completion of its deal to acquire the remaining 40% stake in the Fotla discovery from Spirit Energy.
BP takes FID on new Shetland gas pipeline
BP confirmed it has started work on a long-mooted gas pipeline at the Sullom Voe terminal on Shetland.
Glencore bribery charges over ex-staff hit with fresh delays
The UK’s fraud prosecutor delayed its decision to charge ex-Glencore staff over allegations they were involved in widespread corruption at the company to July 2024, leaving as many as 11 former employees in legal limbo for months to come.
BASF makes deep cost cuts in response to energy crunch
BASF unveiled fresh cuts to investment and measures to reduce operating costs as the company adjusts to more expensive energy, higher interest rates and a slump in demand.
BP: M&A ‘not on our minds’
BP’s interim CEO says the supermajor is not on the hunt for M&A opportunities to close a narrowing valuation gap with its US peers.
Equinor signs five-year gas supply contract with Germany’s RWE
Equinor and RWE have signed a new five-year gas supply contract that would see it supply as much as 1.5bcm per year.