BP-owned Stryde toasts record-breaking revenue on new energy developments
A seismic survey firm owned by supermajor BP (LON: BP) has made a record start to 2023, posting its strongest-ever revenue in both quarters.
Global Energy Group subsidiary starts work on multi-million-pound offshore wind farm deal
'Critical role' for Neart na Gaoithe development has created more than 30 jobs.
Valaris Norway rig departs Dundee for Neo Energy North Sea decom job
A Valaris rig is heading for the Southern North Sea ahead of embarking on a decommissioning campaign for Neo Energy.
Aberdeen City Council approves plans for ETZ energy incubator
A crucial segment of Aberdeen’s proposed Energy Transition Zone (ETZ) can now progress after it secured planning permission.
Drilling window opens at Shell’s North Sea Jackdaw field
Energy giant Shell (LON: SHEL) is gearing up to carry out drilling work at its Jackdaw field in the Central North Sea.
Researchers extract rare metals to put a new spin on aged wind turbines
Funded by the Industrial Biotechnology Innovation Centre, the process is being developed by Aberdeenshire-based SEM and researchers from Edinburgh University.
Q&A with Matthew Clare, chief executive of battery storage firm Masdar Arlington Energy
In October last year Abu Dhabi renewables giant Masdar bought UK energy storage developer Arlington Energy for an undisclosed sum.
Blade Runner: wind turbine base jump video sparks safety debate
Footage of a thrill-seeker BASE jumping from an onshore wind turbine has triggered a debate about safety online.
Texas oil execs net $122m in bankruptcy-to-Exxon journey
About three years after Texas oil producer Denbury emerged from bankruptcy, four top executives are set to collect the final installment of a $121.5 million post-reorganization pay deal that rivals some of the industry’s most generous compensation packages.
Scotland ‘well-placed’ to lead on tidal, but ‘explicit’ targets needed, report finds
We've taken a closer look at some of the projects that are putting Scotland's tidal energy sector on the map.
Scottish National Investment Bank stepping in to support supply chain as private sector goes cold
By displaying “best in class” lending, the Scottish National Investment Bank is hoping to reverse the flight of private capital from the energy sector.
Harbour Energy agrees £65m deal to sell Vietnamese business
Harbour Energy (LON: HBR) has reached an agreement to offload its business in Vietnam to local counterpart Big Energy Joint Stock Company.
Neptune results: Seagull due for start-up next month, Isabella results imminent
Neptune Energy has published its first set of financial results since news broke that Eni (NYSE: E) plans to acquire the North Sea operator.
Petrofac backlog swells after ‘strongest period for new awards in many years’
Petrofac’s (LON: PFC) order backlog has nearly doubled in recent months after its “strongest period for new awards in many years”.
Orsted profits plunge on lower power, gas prices
Orsted (CPH: ORSTED) on Thursday reported a 68% year-on-year drop in profits as “significantly lower” power and gas prices took their toll.
North Sea rig shortage a ‘big challenge’ to industry’s decom plans, says Spirit boss
Industry’s plans for shutting down scores of obsolete wells in the North Sea could be scuppered by a lack of free rigs, a senior figure has warned.
Siemens profit weighed down by China decline, wind-turbine loss
Siemens’s earnings fell short of analyst estimates as the company saw demand for its digital industries unit drop in China while reporting a loss on its stake in the troubled wind-turbine maker Siemens Energy.
Window for new decom technology to make a difference is shrinking, warns sector leader
Companies developing “ground-breaking technologies” for North Sea decommissioning are up against it to deliver their solutions in time.
The King visits green freeport ‘superhub’ at Port of Nigg
North entrepreneur Roy MacGregor among the welcoming party.
Vestas CEO warns wind supply chain disruptions are likely to continue
Henrik Andersen says the first six months of 2023 “also highlighted” that permitting and regulatory uncertainty remain a key barrier to accelerating the energy transition.
Inflation drives up North Sea decom bill, ‘massive’ £21bn of spend in the pipeline
The NSTA has put the increase down to heightened demand for equipment, vessels and services from other regions and sectors, as well as wider inflationary pressures.
Offshore drillers see no new rigs even as demand nears 2019 peak
As the world’s biggest offshore drillers gear up for more than $500 billion in new investments in the coming years, don’t expect rig contractors to meet the boom with a new round of vessel building.
Hydrogen – Now is not the time to write off any technology
The rising cost of energy has made us all think more carefully about how best to heat our homes. That is why there was a significant amount of interest when the Energy Secretary, Grant Shapps, recently announced the UK Government was likely to scrap plans to replace conventional boilers with a hydrogen-based alternative.
Dozens of North Sea Petrofac workers to strike in dispute over pay
Scores of North Sea workers employed by Petrofac (LON: PFC) are to down tools later this month as part of a dispute over jobs, pay and conditions.
Onshore planning application lodged for floating wind farm off Peterhead
A planning application – key to the development of a floating wind farm earmarked for off Peterhead - has been submitted to the local authority.