Shell Lubricants acquires UK fluids maker in power play
Shell’s UK arm has acquired two fluid manufacturing brands in a bid to expand its offering to the renewable electricity, battery and electric vehicle sectors.
New report charts seismic challenge of wind co-located carbon storage
Full co-location of carbon storage sites with wind farms is in many cases “impossible”, the NSTA report found.
Sheriff questions whether Just Stop Oil protestors were taken advantage of
Two Just Stop Oil protestors who threw orange paint over a building in Aberdeen city centre have escaped punishment after a sheriff questioned whether they were taken advantage of.
Energy services M&A remains bullish as investors hunt ‘transition targets’
Despite considerable pressures on offshore wind and a hostility towards oil and gas, appetite for dealmaking in the services sector remains high.
Siemens Energy mulls factory and office closures to stem turbine losses
Siemens Energy is considering closing offices and manufacturing sites to address its loss-making wind turbine business, according to reports.
Piper Alpha memorial statue granted listed status
The statue at the centre of the Piper Alpha memorial gardens in Aberdeen has been granted designated status following a row over proposed changes to the wider rose garden site.
Exxon’s shale boss in Texas jail on sexual assault charge
Exxon Mobil’s head of shale remained in a Texas jail Sunday after he was arrested for sexual assault at a hotel near Houston last week, police said.
Noble Intrepid leaves Kishorn for Aberdeen
The Noble Intrepid jack-up left Kishorn Port on Scotland's west coast last week and is now bound for a contract with Harbour Energy, via a layover in Aberdeen.
Australia LNG unions give notice to resume strikes at Chevron sites
Workers at Chevron’s liquefied natural gas facilities in Australia gave notice Monday to resume strikes, a move that could disrupt supplies and send prices higher.
OPEC boosts oil demand forecast to 2045 despite climate crisis
OPEC raised forecasts for global oil demand through to the middle of the century, even as the world shifts away from fossil fuels to avert catastrophic climate change.
Labour would speed up planning for major infrastructure, Reeves to say
A Labour government would accelerate the planning process for critical national infrastructure as part of plans to revive the sluggish economy, Rachel Reeves will say.
Jadestone secures RBL uplift as Akatara reaches 70% completion
Jadestone Energy (AIM:JSE) has secured an increases to its borrowing capacity, as focus turns to its Akatara gas project ahead of first output in mid-2024.
Exxon CEO’s quest for mega deal is a bet on oil’s staying power
Exxon Mobil boss Darren Woods is poised to emulate his two predecessors with a career-defining mega deal that — for better or worse — would likely transform the oil giant.
Oil surges as Hamas’ attack on Israel fans Middle East tensions
Oil surged as much as 5% after the broadest and bloodiest attack on Israel in decades threatened to inflame tensions in the Middle East, the source of around a third of the world’s crude.
Floating wind finance forthcoming – for the ‘right’ projects
Floating wind faces the same structural headwinds as other sectors but investors still have plenty of appetite to commit capital, a key event in Aberdeen heard.
New boss at Asco says it’s back in the black
The new boss of energy logistics firm Asco ended his first week in charge by announcing a return to the black and 52% increase in sales for the business.
Middle East business is booming for Star Trek-inspired Vulcan
Vulcan Completion Products (VCP), the Star Trek-inspired engineered product supplier to the global oil and gas industry, is enjoying considerable success in the Middle East.
Azeri plan to double gas exports to EU at risk as talks stall
Azerbaijan may not be able to deliver on ambitions to double natural gas exports to Europe by 2027, having failed to secure long-term sales deals it needs before investing billions of dollars to boost production, according to two people with knowledge of the matter.
Former BOE governor Carney attacks Sunak’s green policies reversal
Former Bank of England Governor Mark Carney has accused Rishi Sunak of questionable economics over his decision to postpone environmental measures and start drilling for oil in the North Sea.
Total weighs selling stake in giant Scottish wind farm
TotalEnergies is weighing a sale of part of its stake in Scotland’s largest offshore wind farm, people with knowledge of the matter said.
NSTA proposes new plan amid concerns electrification goals will be missed
The UK’s offshore regulator is consulting on new plans to drive upstream electrification, warning producers that failure to invest could affect its granting of future consents.
Oil driller Noble’s CEO says Biden plan will push rigs outside US
Noble Corp, the world’s biggest offshore oil-rig contractor by market value, expects the Biden administration’s new offshore-drilling plan to push new investments out of the US and into other parts of the world.
TotalEnergies pulls back from Canada with sales to ConocoPhillips, Suncor
TotalEnergies will sell its stake in a major oil sands project to ConocoPhillips, while its Canadian E&P arm will be bought by Suncor in deals worth over $4bn.
UK ‘in reverse gear’ in global race for green growth, think tank warns
The UK is "in reverse gear" in the global race for green growth, a think tank has warned.
New study could hold the quay to RWE’s Celtic floating ambitions
Generator RWE has launched a new study in tandem with the supply chain to explore how best to manoeuvre and launch floating wind foundations.