Acorn backers explore route to ship and store CO2 with Uniper
Developers of the Acorn CCS project have signed a deal with Uniper that could see emissions from a UK power station captured and shipped north for storage.
11 green hydrogen schemes get UK government backing
Storegga and Scottish Power's Cromarty hydrogen scheme is among the list of projects set to receive a guaranteed price for its output.
SeAH lands ‘biggest foundation contract’ in its history for UK wind farm
SeAH Wind has hailed its largest ever single contract award, with the firm now set to supply all monopiles for Vattenfall’s Norfolk Vanguard wind project.
Neptune kicks off L10CCS FEED work with Petrofac
Neptune Energy has announced progress on the L10CCS carbon storage scheme off the Netherlands, with a final investment decision (FID) now targeted in 2025.
Communities near big energy schemes should gain new ‘benefits’, government says
People who live near large new energy generating infrastructure should gain “community benefits” like the cash being proposed for residents near new pylons, the Scottish Government says.
World’s biggest ESG fund class adds oil and cuts green exposure
The world’s biggest ESG fund class, which sits on roughly $5 trillion of client assets, has raised its exposure to the oil and gas sector by about two-thirds since stricter regulations were enforced 2 1/2 years ago.
Reabold: ‘Opportunistic’ takeover group ‘cannot be trusted’
The group in question also hit back, in turn accusing the company’s leadership of being “untrustworthy” over its decision to invest in an Italian gas project.
Wind sector on stronger footing after ‘rollercoaster’ 2023 – but port challenge remains
An uptick in strike prices leaves the offshore wind sector in a ‘good place’, according to supply chain experts – but challenges remain around investing in grid and infrastructure.
Stronger COP28 text stops short of calling for phasing out of fossil fuels
The proposed final agreement from the UN Cop28 Climate Summit in Dubai calls for the world to wean itself off planet-warming fossil fuels, but it stops short of calling for them to be phased out.
Lack of North Sea HLVs still weighs heavily on UK wind ambitions
A lack of spare HLV capacity in the North Sea continues to cast serious doubt over the UK's loft offshore wind ambitions.
Mind the (talent) gap: Addressing the green skills shortage
There is undoubtedly a worldwide transition towards renewable energy underway, with global additions of renewable power capacity expected to jump by a third this year.
COP draft deal offers fossil fuel cuts, but falls short for many
A draft deal at the COP28 climate summit in Dubai called on countries to cut their consumption and production of fossil fuels as the hosts tried to craft a compromise less than 24 hours before the summit is due to end.
BP pensioners issue legal letters over cost-of-living raises
A group of pensioners have issued legal letters to BP pension trustees and management over its decision not to grant requests for additional disbursements earlier this year.
ORE finds declining supply chain confidence amid ‘challenging’ year for wind
A new survey of the UK's offshore wind supply chain finds a decline in confidence since last year, as inflation and a disappointing CfD round dent expectations.
Orcadian: Ping’s Pilot play points to ‘area plan potential’
Fresh from securing a farm-out deal, Orcadian Energy boss Steve Brown points to the strategic advantages of a new floating development at Pilot in the central North Sea.
Crown Estate kicks off Celtic Sea wind leasing round
The Crown Estate has kicked off a brand new tender process for its upcoming fifth wind leasing round, which promises three new floating projects in the Celtic Sea.
Deal: Ping Petroleum buys control of Orcadian’s Pilot North Sea project
Orcadian Energy has confirmed Ping Petroleum has become its farm-in partner on the Pilot field, concluding long-running negotiations over the future of the North Sea development.
Canada cuts red tape to boost wind off Atlantic Coast
Canada is dismantling regulatory hurdles for offshore wind projects along its Atlantic coast, aiming to transform one of the world’s longest and gustiest shorelines into a renewable energy leader despite the industry’s current slump.
Planning milestone as Berwick Bank gets onshore connection approval
Timely approval from Holyrood in the new year could now pave the way for the project to enter the UK's next CfD round.
Exxon boosts buybacks 14% as hunt for more oil accelerates
Exxon Mobil plans to raise share buybacks 14% as the oil giant accelerates crude production in the US Permian Basin, boosted by its $60 billion acquisition of Pioneer Natural Resources Co.
DNV appoints head of CCUS amid growing emissions focus
DNV has announced Jamie Burrows will lead its work on carbon capture utilisation and storage (CCUS) amid a growing demand for tools to aid emissions reduction in industrial sectors.
Tory immigration proposals pose ‘very real impact’ for energy labour market
Only three of the top 10 most popular energy roles typically filled by overseas recruits have an average salary above the proposed new minimum threshold.
NZTC seeks partners for global technology push at COP28
NZTC has launched ‘Technology Without Borders’ – a new initiative aimed at bridging the energy technology gap between nations in the Global North and South.
Kerry calls out Chevron as lagging on climate at COP28
US climate envoy John Kerry criticized some US oil producers for not doing enough to combat global warming and singled out Chevron Corp. for particular scrutiny.
Shetland Gas Plant shut down after heating system failure causes steam release
The plant currently supplies around 8% of the UK’s gas consumption - enough for around 2 million households.