Which companies secured offers in the 33rd Licensing Round?
The UK's offshore regulator has published details of the companies which have secured licence offers as part of its latest North Sea Licensing Round.
Siemens Energy soars as chairman says ‘no need’ for state money
Siemens Energy climbed the most on record after supervisory board chairman Joe Kaeser pushed back against suggestions the troubled turbine maker may need a taxpayer-funded bailout from the German government.
‘Energy security is national security’: Oil sector hails new licence offers
Oil and gas sector representatives have welcomed the offer of dozens of new exploration licences across the North Sea as part of the 33rd Licensing Round.
NSTA faces legal hearing over disclosure of Brent decom paperwork
The UK’s oil and gas regulator is set to face a legal hearing over the disclosure of key documents on the decommissioning of Shell’s Brent oil field in the North Sea.
Faulty wind turbines become Germany’s €16 billion problem
The history of Siemens is the history of electricity. After Werner von Siemens set up shop in a Berlin workshop in 1847, his improved design for the electric telegraph won him the contract to build Europe’s first long-distance cable. His company became an industrial behemoth, making everything from light bulbs to giant turbines for power stations.
Equinor books $300m impairment on US offshore wind plans
Equinor reported a profitable Q3 despite lower gas prices, but pointed to a major impairment expected on its US wind portfolio.
Opinion: New CMA warning shows sharing is not always caring
Recent warnings from the UK’s competition watchdog shows why the energy industry should be more careful than ever when sharing information and experiences with each other.
Vattenfall says keeping giant UK wind project remains an option
Sweden’s Vattenfall may still hold on to a UK wind project that it shelved over the summer, as talks continue with the government to improve conditions for developers.
‘Not appropriate’ to show effect of policy changes on emissions, says minister
Setting out how the Prime Minister's recent net-zero policy delays would affect future emissions is "not appropriate", Claire Coutinho has said.
Repsol warns it may cut Spanish investments on tax concerns
Oil producer Repsol signaled that it could cut investments in Spain if the government goes ahead with new regulatory and tax changes.
Lamprell ships first pieces for Moray West
Lamprell has shipped the first of several dozen transition pieces bound for the Moray West wind farm off the north east coast of Scotland.
UPDATE: Siemens Energy slumps after seeking €16bn in state aid
Siemens Energy AG is in talks with the German government about securing as much as €16 billion ($16.9 billion) in state guarantees as problems at its wind-turbine unit spread to the rest of the business. Shares plummeted 40%.
Aker BP taps KEG ahead of schedule
Aker BP has announced the start-up of production at the Kobra East & Gekko (KEG) project in the central North Sea, several months ahead of its initial target.
Whale buffer zone could thwart 3 gigawatts of US offshore wind
Nearly 3 gigawatts of offshore wind capacity could be imperiled if the US government imposes a 20-kilometer (12.4-mile) buffer zone blocking turbines in endangered whale foraging areas near Martha’s Vineyard, the American Clean Power Association said Wednesday.
$60m subsea order helps drive demand outlook for Hunting
A major subsea contract win in South America topped off a confident third quarter trading update from Hunting.
Oil refiners struggle for financing as banks shun fossil fuels
Oil refiners are finding it harder to secure funding for projects as more banks shy away from fossil-fuel financing, with plant owners now pressed to show their businesses have cleaner-energy goals, executives said.
Baker Hughes points to continued North Sea growth in Q3 results
Orders and revenues at the oilfield services giant surged year on year as executives noted a ‘fundamentally tight' LNG market.
Inquiry begins into Strath Oykel wind farm as residents say ‘enough is enough’
A public inquiry has been launched this week into plans for a controversial onshore wind farm near the Highland village of Rosehall.
Shell to shed 200 jobs amid low-carbon, hydrogen pullback
Shell is set to cull hundreds of jobs from its low-carbon business next year, amid a renewed focus on profitability from CEO Wael Sawan.
EU’s push on hydrogen infrastructure alarms green groups
The European Union is backing its commitment to spur a nascent hydrogen market in the region by unlocking billions of euros of funding for cross-border infrastructure projects, a move environmental groups fear could lead to fossil fuel lock-in.
Saipem completes work at Neart na Gaoithe wind farm
Saipem has completed foundation installation works at the Neart na Gaoithe (NnG) wind project off Fife.
UK should commit to phasing out fossil fuels, says Danish climate minister
The UK should join a growing group of countries that have committed to phasing out production of fossil fuels, ahead of the UN climate conference Cop28 in Dubai, a Danish climate minister has told a group of UK MPs.
Backbone will be key to unlocking UK hydrogen ambitions
This week hundreds of delegates will gather in Aberdeen at the Scottish Hydrogen and Fuel Cell Association annual conference to promote Scotland’s burgeoning hydrogen industry.
UK wind progress ‘not fast enough’ to meet 2030 targets
Delays in offshore wind construction and the cancellation of key projects will see the UK fall short of its 2030 deployment targets, according to analysts Cornwall Insight.
Masdar eyes stake in East Anglia THREE wind project: reports
Masdar is reportedly poised to buy a minority stake in ScottishPower Renewables’ East Anglia THREE offshore wind project.