Geothermal electricity to be produced and sold in UK for first time after landmark PPA agreed
Geothermal baseload electricity is to be sold in the UK for the first time after a landmark deal with a renewable energy supplier was rubber-stamped.
Caithness wind farm exports energy to grid for first time
A wind farm in the northern Highlands recently hit a major milestone after it exported electricity to the National Gird for the first time.
Hornsea Three wind farm approval a ‘gamble’ with future of ‘globally important’ sea birds
The UK Government’s decision to green light plans for a major offshore wind farm has sparked concerns about the potential impact on sea birds.
2020 a ‘massive year’ for floating offshore wind, says renewables expert
A leading renewable energy expert has heralded 2020 as having been a “massive year” for the development of floating offshore wind.
‘You’re with your offshore family instead’ – what’s it like spending Christmas day at sea?
For many people up and the down the UK, restrictions on social gatherings will have meant a Christmas day unlike any other.
SEEIT strikes £110m deal to acquire solar and storage projects in US
SDCL Energy Efficiency Income Trust (SEEIT) has agreed to acquire a series of on-site solar and energy storage projects in the US in a deal worth around £110 million.
Octopus Energy reaches £1.5bn valuation amid Japan plans
British challenger energy supplier Octopus has been valued at more than two billion dollars (£1.5 billion) in a new deal which launches its brand in Japan.
More Asia Pacific firms tap loans linking rates to sustainable goals
A growing number of borrowers in Asia Pacific are getting loans whose interest rates are linked to meeting sustainability goals, in one of the few bright spots for a corporate lending market depressed by the pandemic.
‘Window of opportunity’ could emerge next year as oil supply deficits emerge, Rystad says
A “window of opportunity” could present itself for oil producers next year as analysts predict supply deficits may reach their highest level in years.
2020: A year of resolve and resilience through extraordinary upheaval
With the dramatic impact of the COVID-19 pandemic and the fluctuating price of oil, 2020 has been a difficult year for us all and particularly our industry. During this time, we experienced a period of dramatic change, leading to a very “different” future.
Hendrik Veder expands team at Aberdeen base as firm targets ‘ambitious growth plans’
An Aberdeen-based wire and fibre rope solutions provider has announced the appointment of three new “key members” of staff as it targets “ambitious growth plans”.
Diamondback Energy to acquire QEP Resources for $2.2 billion
Diamondback Energy is planning a pair of acquisitions worth more than $3 billion that would strengthen its position in the Midland Basin of West Texas.
UPDATED: Scottish Government pledges £100m to hydrogen industry
Holyrood has pledged to give the hydrogen sector £100 million over the next five years in order to support a green recovery and a just transition to net zero.
Russia favors further OPEC+ output hike in February
Russia intends to support a further increase in OPEC+ production at the group’s meeting next month, even as a new strain of the coronavirus raises concerns about demand, said officials familiar with the country’s oil policy.
Sweden says EU plan to hit world’s busiest green debt market
Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market.
‘Decade of serious action’ needed to maximise economic opportunities of green hydrogen
Scotland’s green hydrogen capabilities could “significantly contribute” towards domestic and international net zero targets through the decarbonisation of heavy industry.
Equinor, Engie and Enel announce participation in wind turbine data sharing project
A wind turbine data-sharing program, which aims to enhance operational performance visibility in the renewables sector, has been launched.
North-east SNP MPs call for meeting with business secretary over sector deal
The UK Government has been urged to give “more detail” on planned support for the oil and gas industry in order to give the sector greater confidence.
Seadrill makes double change to senior management team
Seadrill has made a double change to its senior management team with Reid Warriner and Leif Neilson taking up the roles of chief operating officer and chief technology officer respectively.
Faroese Government signals support for oil and gas exploration, says there are no plans to copy Denmark
The Faroe Islands Government has said it has no plans to follow Denmark’s decision to wind down oil and gas exploration.
LNG surges to six-year high with cold snap in importing nations
Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year.
Oil and gas contributed £9bn to Scottish economy in 2019, according to Annual Energy Statement
The oil and gas industry contributed £9 billion in gross value added to the Scottish economy last year, more than 5% of GDP.
BP announces non-executive director appointments and retirements
BP has announced the appointment of Karen Richardson and Johannes Teyssen as non-executive directors, effective from the beginning of next year.
Reliance and BP announce first gas from Asia’s deepest project
Reliance Industries Limited (RIL) and BP have announced first gas from Asia’s deepest offshore project.
GE Renewable Energy snaps up turbine supply contract for Dogger Bank C, announces plans to scale up Haliade-X model
GE Renewable Energy has been selected as the preferred turbine supplier for the third phase of the huge Dogger Bank offshore wind farm.