Perenco profits more than doubled in 2022
Perenco’s UK arm more than doubled its profits last year due to soaring commodity prices, company filings show.
£500m to anchor new offshore supply chain as Humza Yousaf looks beyond oil and gas
A cash injection of £500 million aims to “anchor” a new offshore wind farm supply chain as the north-east economy tries to shift from its reliance on oil and gas.
Repsol renewables ad banned over ‘large-scale’ oil and gas interests omission
An ad for global energy firm Repsol's involvement in renewable hydrogen has been banned for omitting to make any mention that large-scale oil and gas forms the "vast majority" of its business.
Eni agrees terms for ‘world first’ CCS business model at UK’s HyNet
Eni has reached an agreement in principle with the UK Government over the regulatory framework which will govern its HyNet carbon capture and storage (CCS) project in the UK.
South Africa says it can raise $60bn for transition to green energy
South Africa may be able to raise as much as 1.13 trillion rand ($60 billion) over the next five years to fund a switch to green energy from fossil fuels, its environment minister said.
Protestors blockade Energy Intelligence Forum in London
Hundreds of protestors including climate activist Greta Thunberg have blocked access to the Energy Intelligence Forum amid demands for a halt to the financing of fossil fuels.
World lacks enough LNG for energy transition, key trader says
Global demand for liquefied natural gas is likely to prove stronger than expected and the current pipeline of projects won’t be enough to keep up, according to one of Japan’s top traders of the fuel.
Majority of Scots in favour of Rosebank oil field drilling, poll suggests
A majority of Scots back the decision to go ahead with drilling in the Rosebank oil field, a poll suggests.
Shell hits record high on rising energy prices, strong oil focus
Shell shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors.
Dana confirms find at Southern North Sea exploration well
Dana Petroleum has announced a successful hydrocarbon discovery at its Earn exploration well in the southern North Sea.
Electrolyser maker ITM marks ‘accelerated’ entry into US
UK-based hydrogen developer ITM Power says it will begin bidding into projects in the US market.
When is a wind turbine not a wind turbine? When it’s a ship…
As surging demand for floating wind sees components towed around the world, registering their foundations as ships could unlock a host of benefits for ports and developers.
Banks told to review clients amid historic ESG crackdown in EU
Banks in Europe will need to adjust the risk assessments they conduct of their clients to reflect new ESG requirements enforced by their watchdog.
NHS, fishing and rural policy to dominate day two of SNP conference
Day two of SNP conference will move on from the debate over independence strategy and onto policies affecting communities across Scotland - including fishing, rural transport and healthcare.
Danish investor closes €2 billion raise for green energy funds
Copenhagen Infrastructure Partners closed two new funds at a combined €2 billion ($2.1 billion) to plow money into producing clean fuels and financing renewables projects.
Fergus Ewing: Oil and gas debate needs to be more rational and less emotional
Highland SNP rebel Fergus Ewing sets out why he believes oil and gas remains crucial to Scotland's economy
BP: Resource plans enough for 20 years of production
BP holds around 18 billion barrels of oil equivalent in its resources plan – enough to maintain production for the next two decades, executives confirmed this week.
New NSTA electrification plans matter of ‘huge concern’ for operators
New proposals by the UK North Sea regulator on emissions and electrification are likely to impact future exploration and decommissioning plans across the basin, according to analysts.
How energy companies can leverage the UK immigration system as they transition from oil and gas to renewables
The UK government has made several serious commitments towards the country’s quest for energy independence. In addition to issuing hundreds of new North Sea oil and gas licences this past summer and more to come this autumn, the country also continues its renewables strategy, albeit acknowledging that by 2050 a quarter of UK’s energy needs will still come from oil and gas.
EU to push ‘Made in Europe’ tag in green industry, Sefcovic says
The European Union will be much more “assertive” in touting a “made in Europe” approach to ensure that green industries like hydrogen and wind stay on the continent.
ScotWind project to share ‘invaluable’ survey data with BGS
Developers of the Ossian floating wind farm have agreed a partnership with the British Geological Survey (BGS) to share survey data from the offshore site.
Baltics beef up infrastructure defense after suspected pipeline sabotage
Power grid operators around the Baltic Sea are beefing up protection of subsea cables and other critical infrastructure after the suspected sabotage on a gas link between Finland and Estonia last weekend.
Port of Cromarty Firth boss Bob Buskie to retire
Port of Cromarty Firth chief executive Bob Buskie is set to retire in 2024, after more than ten years at the helm of the Invergordon site.
ABB wins electrical work at Esbjerg hydrogen project
ABB has been contracted to provide electrical engineering for the power distribution at a 1GW hydrogen scheme on Denmark’s west coast.
VIDEO: BP undertakes first 4D seismic survey at Clair Ridge
BP has carried out its first 4D seismic survey of Clair Ridge, gathering data which will show how the reservoir has changed since initial readings in 2017.