$350bn of offshore wind projects could see FID risk, warns Westwood
TotalEnergies and BP were identified as amongst the highest risk developers given their substantial project pipelines but “limited or no operational capacity.”
BP, Equinor, Orsted and more lined up for OEUK supplier event
A host of major North Sea operators and contractors are set to meet with suppliers and present new project opportunities at March’s Share Fair event in Aberdeen.
Dundee hydraulics firm invests £500k in new Aberdeen business
Saturn Fluid Engineering plans to invest a six-figure sum in expanding its Aberdeen business.
Five things we learned from Offshore Wind Conference 2024
With discussions spanning consenting, finance and policy across the offshore wind space, here are our key takeaways from this week’s major conference in Glasgow.
Hywind maintenance a ‘lost opportunity’ for UK supply chain
Scottish Enterprise’s David Rennie said the news had given him a “shiver”.
£100m mooted for Burntisland floating wind hub as Forth blueprint expands
Forth Ports says its vision to use both sides of the Firth of Forth to store, assemble and commission floating wind turbines could see more than £100 million invested at the site.
‘Big week for Scotland’ as offshore wind event kicks off in Glasgow
Scottish Renewables looks to bring government and industry together at a major offshore wind conference in Glasgow this week, with finance and consenting high on the agenda.
New Aberdeen base and Scotland boss for floating wind developer Cerulean
Laura Jarvie will lead a growing team from new offices at Neo House on Aberdeen’s Riverside Drive.
px Group taps Sembcorp operations expert as new COO
Infrastructure operator px Group has appointed David Thompson as its new chief operating officer (COO) as it grows its asset management expertise.
UK homes could see steepest fall in energy bills since summer
British households could see their energy bills fall nearly 16% by spring as prices continue to ease from crisis levels, bringing relief to homes with stretched budgets.
Rockhopper hails resource boost ahead of 2024 FID for Sea Lion
Rockhopper Exploration has welcomed an uptick in resource estimates off the Falkland Islands and aims to sanction the Sea Lion development this year.
Shell begins hundreds of job cuts in push to boost performance
Shell has started to make hundreds of job cuts, with positions in its low-carbon solutions unit among the first to be eliminated, said people familiar with the matter.
Aberdeen’s Elemental picks Spirit expert as new head of wells
Elemental Energies has announced the appointment of Willem Boon von Ochssee as its head of wells as the company looks to continued global expansion in 2024.
Harbour Energy shares fall on production warning
Shares in Harbour Energy fell on Thursday after warning an “unusually high level” of North Sea shutdowns and deferred drilling will hit its production levels.
Former Technip chief officer loses age discrimination appeal
A seafarer who took Technip to court over allegations of age discrimination as part of a redundancy settlement has lost a court appeal.
Philippines plans to explore oil-rich sea amid China tension
The Philippines is building defense alliances with the US and other security partners to help pave the way for resource exploration in the oil-and-gas-rich South China Sea, the nation’s top defense official said, amid heightened tensions with Beijing.
Yousaf calls for Labour talks on renewables ahead of election
Scotland's First Minister has called for talks with Labour ahead of a general election on the renewable sector north of the border.
What will Murray Auchincloss’ BP look like?
Having secured his place as BP's chief executive, Murray Auchincloss now has a chance to make his mark during a pivotal point in the supermajor's evolution.
TechnipFMC lands new work for BP in the Gulf of Mexico
BP has awarded TechnipFMC a major contract for work at its Mad Dog Phase 2 project in the Gulf of Mexico.
Orix in talks to buy renewable developers for $1 billion or more
Orix Corp. is in discussions to buy renewable energy developers in the US and Europe, as the Japanese financial conglomerate seeks to meet growing demand for cleaner power from multinational clients like Amazon.com Inc.
BP confirms interim boss Murray Auchincloss as CEO
BP has officially handed the role of chief executive to interim appointee Murray Auchincloss, ending months of searching and speculation.
Glacier looks to double headcount with new investment
Energised by a buyout deal and energy transition appetite, Glacier Energy has ambitious plans to scale up its northeast manufacturing operation and double its workforce.
Components for huge Inch Cape wind farm to be built in China
The GMB union said it was another poor indictment of failed industrial policies by UK and Scottish ministers.
Europe is getting even greener wind turbines made with old steel
A new Baltic Sea wind farm that will power more than 1.5 million Polish homes is getting turbines made with greener steel that will cut their carbon footprint.
Shell investors unite with activist group urging greater carbon emissions cut
Funds managing more than $4 trillion of assets have joined forces with climate activist Follow This to intensify the pressure on Shell to slash its greenhouse gas emissions.