Global oil markets face a “major” surplus this decade as the shift away from fossil fuels causes demand to hit a plateau amid plentiful supply growth, the International Energy Agency said.
The Conservatives have been accused of failing to seize the “economic opportunity of the century” with a manifesto that pledges a pragmatic approach to net zero.
Siemens Energy AG (DE:ENR) has told customers it plans to produce its biggest wind turbine, potentially toward the end of the decade, as the company seeks to maintain its lead in one of the fastest-growing energy sectors.
Norway’s Equinor ASA (NYSE:EQNR) is in advanced talks to become a key investor in German hydrogen startup HH2E AG in an effort to diversify its energy production, according to people familiar with the matter.
US offshore drilling rig operator Noble Corp has announced it will acquire smaller rival Diamond Offshore in a cash and stock deal worth around $1.59 billion (£1.25bn).
A senior executive at Shell's aircraft division has suggested the H225 Super Puma helicopter could return to the operator's list of approved aircraft later this year.
First power has been produced from the Viking wind farm on Shetland as the island gears up to be connected to the British electricity grid for the first time.
Offshore services provider DeepOcean has been awarded a "significant" decommissioning contract from an international operator on the UK continental shelf.
European natural gas prices surged to the highest this year after flows from Norway slumped, highlighting the risk of relying too much on one major supplier.
The European arm of Saudi national oil company Aramco is aiming to deepen UK supply chain ties at the Energy Exports Conference in Aberdeen next month.
A survey conducted by decommissioning trade organisation Decom Mission has revealed widespread frustration with regulators among several supply chain concerns.