UK green energy sector ‘in the balance’ with ‘multi-billion pound’ projects at risk
Westminster’s intervention in the electricity market risks “mothballing a series of multi-billion pound” green energy projects, a major investor has warned.
NSTA’s first new ventures director on laying the tracks for the future of the industry
In response to its broadening remit, the NSTA recently appointed Andy Brooks as its first director of new ventures.
Turbine installation work paused at Scotland’s largest offshore wind farm
Work to fit the remaining turbines at Scotland’s largest offshore wind farm has paused, the developer has confirmed.
Shell Penguins FPSO takes shelter ‘due to deteriorating weather conditions’
That is despite claims from environmental group Greenpeace that protestors on-board have “interrupted” Shell’s “business as usual”.
Oil may hit $100 amid China reopening, Iran’s OPEC official says
Oil prices may rise to $100 a barrel in the second half of the year as China’s economy emerges from anti-virus lockdowns, Iran’s liaison to OPEC said.
BP’s two-day surge drives FTSE 100 index back to record high
BP (LON: BP) shares rose for a second day to push the UK FTSE 100 index back to a record high after the oil giant on Tuesday pledged to hand more cash back to shareholders.
Protestors gather outside Equinor’s Aberdeen base after company posts record results
Demonstrators gathered outside Equinor’s (OSLO: EQNR) north-east base on Wednesday afternoon in opposition to the oil and gas company's “grotesque” profits.
‘New era’ for wind industry as Vestas makes blade recycling breakthrough
Vestas has unveiled a crucial new technology that could put an end to decommissioned wind turbine blades being sent for scrap.
Petrofac workers on BP North Sea assets begin fresh round of strikes
Offshore workers employed by Petrofac (LON: PFC) and stationed on North Sea assets operated by BP (LON: BP) have begun a fresh round of strikes.
Exclusive: HSE investigating after fire on North Sea FPSO that led to power loss
A probe has been launched by the offshore safety watchdog after a fire onboard a North Sea floating production storage and offloading (FPSO) vessel.
Aberdeen’s PDi charts plan to grow business tenfold in coming years
“Oil crashed, and then Covid hit; but with those things now behind us, to some extent, the time to grow is now,” says James Drummond, managing director of PDi.
Russian gas giant Novatek to delist in London
Novatek (LON: NVTK), Russia’s second largest gas producer, has announced plans to delist from the London Stock Exchange (LSE).
Grant Shapps new energy and net zero secretary as Sunak shuffles pack
Rishi Sunak has enacted wholesale government changes in a bid to shore up energy security and spark economic growth.
Supporting the mental health of business owners through challenging times
80% of small business owners admit to suffering from poor mental health according to a recent study by Mental Health UK. Symptoms reported include poor focus, anxiety, sleep disruption, panic attacks and depression. Much information is available regarding supporting staff's mental health, but what about the bosses themselves?
‘Stability through thick and thin’ key to future investments, says Shell CEO
Shell’s (LON: SHEL) top boss has made a plea for “stability” as calls for an escalation to the North Sea windfall tax continue to circle.
Ancala Midstream appoints Shell veteran as new CEO
North Sea infrastructure operator Ancala Midstream (AMAL) has announced the appointment of a new chief executive.
Shell profits could ‘come at a cost’ in form of ‘further windfall taxes’, warn analysts
News of Shell (LON: SHEL) recording record annual profits could come back to bite the oil and gas giant, as well as its counterparts.
Start-up confirmed Shell Pierce North Sea gas project
Production at the Pierce gas expansion project in the UK North Sea is now underway, Shell (LON: SHEL) has confirmed.
Shell sets new record as annual profits more than double to $40bn
Shell (LON: SHEL) has hit a new all-time earnings high after the supermajor more than doubled its year-on-year profits.
‘High interest’ in Hartshead’s Southern North Sea gas plays
Hartshead Resources says it has received “high interest” from parties keen to partner up on a pair of UK gas fields.
Sturgeon: those calling energy strategy a ‘betrayal’ haven’t read it properly
Scotland’s First Minister has accused critics of her government’s controversial energy strategy of not engaging with the plan properly.
North Sea weather technology firm wins six figure space launch deal
An environmental monitoring company is reaching for the stars after it won a six-figure contract with a Scottish spaceport.
OPEC+ keeps output steady amid uncertainty on China and Russia
An OPEC+ committee recommended keeping crude production steady, delegates said, as the oil market awaits clarity on demand in China and supplies from Russia.
Shell is selling ‘carbon neutral’ fossil fuels again
Emboldened by new industry guidelines, natural gas companies are renewing their efforts to sell “carbon neutral” fossil fuels, a controversial practice of offsetting a shipment’s emissions to shrink its environmental impact.
Neptune brings 10th gas well online at Cygnus field
Production has commenced from the 10th well at the Cygnus field in the Southern North Sea, operator Neptune Energy has confirmed.