Exploration drilling activity expected to recover in 2021, says Westwood Global
Offshore drilling activity on the UK Continental Shelf (UKCS) is expected to recover in 2021 with a dozen potential exploration wells identified.
UK Government extends furlough scheme until end of April 2021
The UK Government will continue the furlough scheme until the end of April 2021 in an effort to ensure firms are able to survive the continued economic disruption.
Polluters make some net-zero progress, Climate Action 100+ says
Three years after some of the world’s biggest investors joined forces to pressure the largest producers of greenhouse gases to cut emissions, about half of them have made net-zero commitments.
Shell fights charge that its climate stance harms human rights
Royal Dutch Shell Plc is in court in The Hague for the final hearing in a landmark case that could force it to reduce its carbon footprint.
Oil pares earlier gains as rally toward 10-month high stalls
Oil pared its earlier rally toward the highest settlement in almost 10 months as the market weighed the potential distribution of Covid-19 vaccines against a raft of new cases sparking tighter restrictions on movement.
Japan plans huge offshore wind expansion to hit climate goal
Japan will aim to more than quadruple offshore wind generation capacity in the decade to 2040 under plans to meet its mid-century emissions reduction target.
SSE Renewables spends £4.53m on Viking wind farm with Shetland suppliers
Shetland suppliers have benefitted from almost £5 million resulting from the development of a huge onshore wind farm on the island.
Hunting reduces headcount by 34% since start of 2020
Hunting will exit 2020 with fewer than 2,000 employees, a reduction of 34% since the start of the year.
OGA submits revised strategy to UK Parliament obliging industry to support net zero
The Oil and Gas Authority (OGA) has today submitted a document to the UK Parliament, obliging the industry to support net zero targets.
Holyrood praised for ‘raising the stakes’ in fight against climate change
The Scottish Government has been praised for “raising the stakes” in the fight against climate change after it published updated proposals to slash carbon emissions.
Renewables firm Simec Atlantis unlocks potential £12m with share place agreement
Simec Atlantis has entered into a share place agreement with a US-based investor in a move that could raise as much as £12 million.
Shell and Equinor team up on digital collaboration project
Shell and Equinor have announced plans to team up to further the use of advanced analytics on historical data to improve operational spare part inventories.
Rusty won’t let sun set on DGO’s success story
“We set it up from day one to focus on free cash flow and, as we’ve grown, that strategy really hasn’t changed. The industry has operated for too long on negative free cash flow.”
‘People craving getting back to the office’
For much of this year, the backbone of conversation has been about working from home, when offices might reopen and what changes there will be.
Updated: Union estimates 12,000 North Sea jobs lost and warns of worse to come
A trade union boss has warned predictions that 8,000 jobs have been lost in the oil and gas sector due to the latest downturn are likely to be very conservative.
Oil and gas industry warned it needs to become ‘wholly different’ as CCC releases landmark net zero report
North Sea oil and gas firms are being warned they will need to become “wholly different” if they want to retain their position in the structure of the UK’s economy.
Waste management in the UK post-Brexit
With less than 30 days to go until the end of the Brexit transition period at the end of December, many questions remain unanswered as to what the impact will be on waste management in the UK.
BayWa r.e. completes sale of UK’s first subsidy-free wind farm
International renewable service company BayWa r.e. has completed the sale of the UK’s first subsidy-free wind farm.
Plans for ‘world class’ UK offshore wind manufacturing site given go ahead
Proposals for a “world class” offshore wind manufacturing site in the north-east of England have been given the go ahead.
Pioneering Eigg energy system wins prestigious award
The success of the island of Eigg’s self-sufficient renewables system has earned it a prestigious European award for green energy pioneers.
Equinor hopeful of bringing floating wind costs in line with fixed-bottom by 2030
A boss at Equinor has said the firm is hopeful of bringing floating offshore wind costs in line with those of bottom-fixed by the end of the decade.
‘CCUS can not be used to justify continuing to emit carbon’ – CEE Bill Alliance responds to Energy Minister’s comments
The minister said we have to make the case for CCUS, there are going to be carbon emissions and we are going to have to capture them.
OGUK says Prime Minister’s emissions targets reinforce need for sector deal
Trade body Oil and Gas UK (OGUK) has restated the importance of Westminster following through on its promises of a “transformational” sector deal.
Johnson commits U.K. to deepest greenhouse gas cuts in G-20
Boris Johnson pledged the deepest cuts in greenhouse gas emissions in the Group of 20 nations, aiming to put the U.K. in the vanguard of the fight against climate change.
BP, Shell, OGUK, OGTC and others launch ‘Manifesto for Clean Growth’
A new “Manifesto for Clean Growth” unites public, private and third sector partners in a shared mission to identify the economic opportunities a net-zero future offers the Scottish economy.