India wants to ship green hydrogen abroad in bet on demand surge
India has ambitions to become a leading exporter of green hydrogen as countries around the world increasingly view the clean fuel as crucial to the energy transition.
Sunak faces green backlash as memo points to broken UK promise
Rishi Sunak is under pressure to show his UK government will stick to its promises on tackling climate change, after a memo revealed officials’ doubts about hitting a £11.6 billion ($14.7 billion) funding target.
HSE reprimands Shell over safety and risk management on Shearwater
The UK’s safety regulator has issued a warning to Shell (LON:SHEL) over inadequate safety and risk management procedures on its North Sea Shearwater hub.
Trio of contracts awarded for 1GW Buchan floating wind project
The developers of the Buchan offshore wind project have awarded a suite of new contracts worth more than £1.5m to a trio of Scottish businesses.
JV formed for UK’s ‘largest ever’ transmission project linking Peterhead and Drax
National Grid Electricity Transmission (NGET) and SSEN Transmission have agreed the terms of a joint venture to build a subsea power “superhighway” linking northeast Scotland and England.
STATS Group acquired by Japanese giant Mitsui
Japan’s Mitsui has made a successful bid for Aberdeenshire-based STATS Group, in a deal that also marks the retirement of founder Pete Duguid.
Ørsted-backed Pict looks to go global with Get Up Safe system
With the backing of developer Orsted and major US contract wins in the bag, Pict Offshore is looking to its next phase of growth.
Anniversary reminds us there is no room for complacency in safety
The coming together of industry is so important, and it becomes even more pertinent as we approach the anniversary of a tragic event.
Drilling dayrates soar amid global semisub sell-out
Heated demand in Australia, Mexico and West Africa has seen the global market for the latest generation of semi-submersible rigs reach 100% utilisation for the first time in nearly a decade.
ONGC Videsh reconsiders plan to buy stake in Kenya oil project
ONGC Videsh is reconsidering taking a stake in Tullow Oil’s Kenya assets following the exit of other partners in the project.
Grant Shapps: Not awarding new oil and gas licences is ‘bonkers policy’
Energy Secretary Grant Shapps has branded a suggestion not to provide new oil and gas licences as "bonkers policy".
EU set to exit from controversial Energy Charter Treaty
The European Union is set to announce this week its withdrawal from the controversial Energy Charter Treaty, after a small group of nations argued that it clashes with international climate goals and offers fossil fuel firms an avenue for massive legal claims.
Australian fossil fuels giants severely underestimate methane leaks
The “gross under-reporting” of methane leaks from Australia’s fossil fuel sector signals the urgent need for many large industrial facilities to double their rate of decarbonisation, according to a new report.
£95m Barclays loan helps carry Moray West to financial close
Barclays has confirmed a loan of £95.5 million to the developers of the Moray West offshore wind farm, offering a hedge against inflation and changing interest rates.
Energy sector calls for CfD reform amid strike price ‘race to the bottom’
Energy sector representatives have written to the government warning that a focus on price alone in procuring new renewables capacity risks a “race to the bottom”.
California quietly shelves $15 billion pension divestment bill
The California State Assembly has shelved legislation that would have forced the country’s two largest pension funds to divest an estimated $15 billion from oil and gas companies, a major blow to environmental advocates who hoped the funds could be a national model for the divestment movement.
Exclusive: OPITO boss John McDonald to step down
The chief executive of safety and skills body OPITO, John McDonald, is to step down later this year after more than a decade with the organisation.
Carbon removal tech added to market in new UK ETS reforms
New reforms proposed for the UK’s emissions trading scheme (ETS) would see carbon-removing technologies added to the market, in a move aimed at boosting investment in the sector.
Nigeria poised to save $28bn after ending fuel subsidies
Nigeria will save more than 21 trillion naira ($28 billion) in two years after scrapping gasoline subsidies and allowing its currency to weaken, according to the World Bank.
Longboat buys first producing assets via stake in Statfjord
Longboat Energy is to acquire minority stakes in two units of Norway’s Statfjord oil field, in a deal that will offer the company its first producing assets.
Project Pathfinder: Shell outlines further Brent decom contracts
In the latest NSTA Pathfinder update, Shell is tipping further decommissioning work at its Brent field, BP is seeking offers for jacket foundation fabrication for its Morgan and Mona offshore wind projects while Neptune Energy is offering a rig award for its Cygnus gas field.
Hartshead tenders multi-million rig and drilling work for SNS project
With a field development plan submitted, Hartshead Resources is tendering for millions of pounds of drilling and stimulation contracts at its Anning and Somerville fields.
Campaigners threaten legal action over ‘unlawful’ Rosebank approval
Campaigners have written to the UK government and regulators warning they intend to initiate legal action if development of Equinor’s Rosebank field is approved.
Biden blocks activist bid to slash oil output from federal lands
The Biden administration has formally rebuffed a bid by environmental activists to phase down oil and gas production on federal lands and waters, marking its latest nod to the endurance of fossil fuels in a warming world.
Demand for wind turbine towers to exceed supply by 2028
Analysis by Rystad Energy finds that demand for the steel towers that comprise wind turbines will outstrip manufacturing capacity before the end of the decade.