UK Government needs to include outside experts when formulating net zero policy, says IfG report
The UK Government has been urged to change how it shapes energy policy or risk hindering efforts to reach its 2050 net zero target.
Cheryl Burgess appointed chief executive of Society for Underwater Technology
The Society for Underwater Technology (SUT) has Dr Cheryl Burgess as its new chief executive effective from January next year.
Western Isles council leader hopeful BiFab collapse will “free up” Arnish yard for future use
Western Isles councillors are confident that Burntisland Fabrications’ (BiFab) decision to call in administrators will “free up” the firm’s Lewis yard, making it available for new operators to move in.
OGA launches study of potential energy hub site
An in-depth feasibility study to identify the value of creating an energy hub on the Norfolk coast has been launched.
SP Energy Networks to roll out “giant Meccano” power system to keep lights on this winter
Scotland’s electricity network is to benefit from new technology that can restore power within 24 hours if severe weather leads to a loss of electricity this winter.
BiFab collapse into administration exposes ‘myth of Scotland’s renewables revolution’
Scottish manufacturing firm Burntisland Fabrications (BiFab) has been placed into administration, the company has confirmed.
Petrobras CEO calls net zero a fad, echoing Exxon oil focus
Petrobras is pledging a 25% cut in carbon emissions by 2030, but that hasn’t stopped Chief Executive Officer Roberto Castello Branco from dismissing pledges by peers to completely neutralize their carbon footprints two decades later.
Digital technology has ‘central role to play’ in reaching net zero
Digital technology has a "central role to play" in achieving net zero emissions and tech giants must play their part, a report has said.
OPEC+ makes headway on oil-output deal after days of talks
OPEC+ has made headway toward a deal on oil-output cuts, the first sign of progress after failed talks earlier this week.
“We mustn’t confuse the public with Extinction Rebellion” – UK Energy Minister Kwasi Kwarteng sets out case for CCUS
Setting out why carbon capture, utilisation and storage (CCUS) is “absolutely essential” to hitting net zero targets will be key in garnering public support for the technology, according to the UK’s energy minister.
ENIAN awarded half a million pounds to develop new renewables cost predicting algorithm
Renewables software developer ENIAN has been awarded half a million pounds to develop a new cost predicting algorithm.
Blaze extinguished at Equinor’s Tjeldbergodden facility
Equinor was forced to evacuate employees at a methanol plant in Norway earlier today after a fire.
SuperNode awarded statement of feasibility for subsea superconducting cable system
Certification body DNV GL has awarded SuperNode with a statement of feasibility for its subsea superconducting cable system.
Oil slips with OPEC still working to bridge gaps on output plan
Oil edged lower in New York, with OPEC and its partners engaging in a diplomatic push to agree on output levels before a key meeting on Thursday.
While OPEC+ fights, Mexico wins over $2 Billion with oil hedge
Mexico will cash in its oil price insurance policy this year for the fourth time only in the last two decades, receiving a payout of about $2.5 billion from its 2020 sovereign oil hedge, people familiar with the transaction said.
Chrysaor eyeing up more drilling in 2021
Chrysaor is looking to book two more drilling rigs to support its North Sea operations next year, according to the firm’s executive vice president of operations.
Big oil pays for past bets on fossil fuels With $70 billion hit
Exxon Mobil Corp.’s impending writedown of natural gas fields rounds out a record year for Big Oil chargeoffs stemming from misplaced optimism on the future of fossil fuels.
Ørsted hit with huge tax bill by Danish treasury for UK assets
Ørsted has been slapped with a tax bill totaling almost DKK 7 billion by the Danish treasury for two of its UK offshore wind farms.
ReFLEX Orkney launches ‘ground-breaking’ green energy services
A “ground-breaking” new local energy company has been launched in Orkney as part of plans to support the “green industrial revolution”.
Oil rises despite OPEC+ struggle for consensus on output, second day of meeting postponed until tomorrow
Oil erased earlier losses with OPEC+ seeking more time to reach a deal on production policy after a meeting broke down without an agreement.
Andreas Nauen appointed chairman of WindEurope
WindEurope has elected Andreas Nauen, chief executive of Siemens Gamesa Renewable Energy (SGRE), as its chairman for the next 18 months.
OPEC+ inaction could lead to 200 million barrel surplus next year, Rystad says
Oil markets could be saturated with millions of surplus barrels if OPEC+ fails to agree an extension to current production cuts, according to analysis from Rystad Energy.
OPEC+ meets to seek compromise on plan to delay output hike
OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year, with the group’s president calling for caution in a fragile market.
‘A bright future for Levenmouth’: £18m for world’s first project to heat homes with 100% green hydrogen
Fife has leapt closer to launching the world’s first 100% green hydrogen network with the announcement of an £18 million funding boost.
OPEC+ heads to crucial talks seeking compromise on oil cuts
OPEC and its allies headed into a two-day meeting with ministers still seeking a compromise on proposals to delay a production boost, after failing to reach consensus in talks on Sunday night.