Plunge in cost of pollution is hindering a key green ambition
The world’s biggest carbon market is joining the long list of victims of the economic fallout from the coronavirus.
OPEC pursues oil supply war – who has the firepower?
With the shackles of OPEC’s output limits thrown off and a price war under way, the group’s biggest oil producers are preparing to churn out more barrels to protect market share.
Hebrides wind farm trust to put additional cash towards Covid-19 response
A community-owned wind farm charity has announced it will use all its free cash for this year to set up a pandemic support fund for the local community.
Drilling Down: Drilling permit activity slows down amid record low oil prices
Drilling permit activity is slowing across Texas as oil prices crash to near $20 per barrel.
Occidental downgraded to ‘junk’ by ratings agency
Occidental Petroleum was downgraded to junk by Fitch Ratings as it struggles to combat a sharp decline in oil prices, making it the biggest fallen angel in this downgrade cycle.
All-Energy conference postponed amid spread of coronavirus
Scotland's largest renewable energy and decarbonisation conference has been postponed due to the growing concern over the spread of Covid-19, organisers said today.
Aberdeen’s Future Oil and Gas conference postponed due to Covid-19 concerns
Organisers of Aberdeen’s Future Oil and Gas Conference have announced the event will be postponed due to coronavirus concerns.
UK supermarkets cut fuel prices as oil continues to plunge
Supermarkets Asda and Morrisons have reduced their fuel prices by 12p per litre for petrol and 8p per litre for diesel.
Crown Estate confirms ScotWind offshore wind leasing to go ahead ‘as planned’
The upcoming ScotWind offshore wind leasing round will go ahead "as planned" despite the uncertainty caused by the spread of coronavirus, the Crown Estate confirmed last night.
UK Export Finance gets £2bn for green energy projects
UK Export Finance (UKEF) has announced today that it received £2 billion funding towards its lending facility for clean energy projects.
Premier Oil ‘retains significant liquidity’ despite concerns over cash position
Premier Oil "retains significant liquidity" despite concerns voiced by a major investor that the firm is "running out of cash", according to a new trading update.
Cluff Natural Resources ‘remain on-track and operations are unaffected’ amid oil price crash and Covid-19
Cluff Natural Resources' (CLNR) operations and planned work "remain on track and are unaffected" by recent share price volatility and the coronavirus (Covid-19) outbreak, the firm has said.
Oil takes worst weekly tumble Since 2008
Oil headed for its biggest weekly drop since 2008 as an unprecedented dual supply-demand shock showed no signs of abating.
Equinor down-manning Martin Linge platform due to coronavirus discovery
Oil and gas firm Equinor has confirmed that it has begun down-manning procedures on its Martin Linge platform in the Norwegian section of the North Sea.
Repsol confirms Spanish employee has Covid-19
Spanish oil and gas firm Repsol has confirmed that a workers at the company's Andalucia office has been diagnosed with coronovirus (Covid-19).
President Xi orders China’s oil industry to ‘drill’
Oil’s historic price crash is presenting an uncomfortable dilemma to China’s energy majors: follow market signals to cut drilling, or heed President Xi Jinping’s orders to boost output.
Asset manager buys up stake in Argyll wind farm project
A Scottish renewable energy firm has sold a majority stake in its Argyll and Bute wind farm to a London-based asset manager.
Premier Oil ‘running out of money’ after sell-off, lender says
Premier Oil Plc needs to review its debt obligations as it faces the likelihood of running out of money soon with oil prices at less than $40 per barrel, according to its largest creditor.
Oil continues slide after Trump limits travel from Europe to US
Oil resumed declines after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days to try and contain the coronavirus, pummeling fuel demand even further.
Equinor ‘responding to suspected case’ of coronavirus on Mariner platform
Oil and gas giant Equinor has confirmed that it is "responding to a suspected case" of coronavirus on board its Mariner platform in the UK North Sea.
Total to build £13m battery storage project
French oil and gas giant Total is to build a £13 million battery-based storage project for the development of renewable energy in France.
Oil traders are ‘big winners’ from Saudi-Russia price war
Saudi Arabia and Russia’s price war is handing over a multi-billion dollar profit opportunity to the world’s largest oil traders.
Trump’s answer to the oil crash could be a tax on Saudi crude
If Donald Trump wanted to shield U.S. shale from oil’s crash, he could unleash a familiar weapon against rival producers such as Saudi Arabia: tariffs.
Houston oil companies act fast to protect bottom lines in wake of biggest crash in 30 years
Energy companies swiftly slashed spending and dividends after oil prices on Monday suffered their biggest one-day decline in 30 years.
No target ‘at present’ to increase ethnic minorities in offshore wind, Scot Gov admits
Scotland currently has no target to increase the percentage of black, Asian and minority ethnic (BAME) workers in the country’s offshore wind sector.