Shell set for Dutch court appearance to appeal landmark climate ruling
Shell is appealing a court ruling ordering the oil and gas supermajor to cut its carbon emissions by 45% by 2030.
A further 26 Scotwind supply chain projects advance to SIM Stage 2
A further 26 Scotwind offshore wind supply chain projects have advanced to the second stage of the Strategic Investment Model (SIM) process.
Adnoc Gas to invest $13bn in growth opportunities over next five years
The Abu Dhabi National Oil Company (Adnoc) plans to invest $13 billion (£10.3bn) in "domestic and international growth opportunities" over the next five years through its gas and LNG arm, Adnoc Gas.
UK ‘well to watch’ Skerryvore pushed to 2025
Skerryvore, the UK "well to watch" for 2024, has been pushed into next year by North Sea operator Parkmead (AIM: PMG).
Petrofac secures contract extension with ONEgas West
Energy services giant Petrofac (LON:PFC) has secured a contract extension in the Southern North Sea with ONEgas West.
First full year of windfall tax drives EnQuest to loss
North Sea operator EnQuest (LON:ENQ) posted a loss in its 2023 full year financial results, reflecting the impact of the UK government's windfall tax on oil and gas firms.
SLB announces $382m deal for majority stake in Aker Carbon Capture
American oilfield services firm SLB (NYSE:SLB) has announced a NOK 4.12 billion ($382m) deal to purchase 80% of Norway's Aker Carbon Capture (OSL:ACC)
Offshore services provider Acteon Group acquired by private equity
Acteon Group maintains a significant presence in Aberdeen across several firms.
Oil giants plan to bury massive amounts of CO2 in Southeast Asia
Just as they first ventured to do over a century ago, the world’s largest oil companies are staking claims far from home — this time to swallow, rather than spew, planet-warming industrial emissions.
Germany’s €23bn green experiment to save its industrial economy
Europe’s largest economy is running a €23 billion ($24.9 billion) experiment to reach net zero by 2045 without destroying its energy-intensive industrial base.
China’s wind turbine makers extend dominance as Vestas, GE slip
China’s wind turbine manufacturers dominated global supply last year, riding the nation’s renewables installation boom as a contraction in the US and meager growth in Europe dented overseas competitors.
Ithaca Energy takes $500m hit on North Sea windfall tax decision
Ithaca Energy said the impairments against the Greater Stella Area came as a "direct result" of the windfall tax.
Ithaca Energy enters deal for potential merger with Eni UK
Ithaca Energy (LON:ITH) has announced a deal for a potential merger with Italian oil and gas firm Eni covering the majority of its UK upstream assets.
AI will suck up 500% more power in UK in 10 Years, grid CEO says
Electricity demand from UK data centers will jump sixfold over the next 10 years as a boom in artificial intelligence requires increased computing power, according to the head of National Grid Plc.
Orsted wind farm near Martha’s Vineyard wins Biden’s approval
The Biden administration approved Orsted A/S’s (CPH: ORSTED) plans to build a nearly 1-gigawatt offshore wind farm near a popular Massachusetts vacation destination, setting the stage for the massive project to begin supplying power to New York in 2026.
Centrica boosted CEO pay as families struggled with energy debt
The Chief Executive of Centrica Plc (LON:CNA) got a bumper pay raise last year while millions of households across the country struggled with energy debt.
Wood CEO denies job cut claims as firm targets continued growth
Wood Group (LON:WG) chief executive officer Ken Gilmartin hosed down media reports of potential job cuts as the firm seeks to continue its growth strategy.
Environmental campaigners question 200,000 North Sea jobs figure
As the House of Lords prepares to debate the UK government's Offshore Petroleum Licensing (OPL) bill today, environmental campaigners are calling into question the government's use of figures showing the North Sea oil and gas industry supports 200,000 jobs.
Wood Group announces cost cutting drive as it continues growth strategy
Aberdeen-headquartered engineering firm Wood Group (LON:WG) has announced a cost cutting drive as the company seeks to deliver annual savings of $60 million from 2025.
Labour announces plans for GB Energy to invest in floating wind
UK Labour leader Sir Keir Starmer will be joined by new Welsh first minister Vaughan Gething to unveil 'Great British Energy' plans.
African Energy Chamber to visit Gabon after fatal Perenco fire as one worker still missing
An offshore worker remains missing following a fatal fire on a Perenco-operated oil platform which killed five people in Gabon.
‘Our heritage is going to be lost forever’: Architect fears turbines are destroying the rural story of the Cabrach
The Cabrach is steeped in history as the home of the illicit whisky trade, but the area is also attracting wind developments.
UK pledges £350m for nuclear defence and energy by 2030
UK Prime Minister Rishi Sunak is committing hundreds of millions of pounds over the next decade to Britain’s nuclear deterrent and energy infrastructure as part of a “critical national endeavour” to safeguard the industry and protect the country.
Waste firm adds city jobs with £300,000 Port of Aberdeen contract
The company said it marks a "significant milestone" towards its carbon reduction plans.
Holyrood committee calls for ‘clarity’ over future of Just Transition Fund
MSPs are demanding the Scottish Government provide “clarity” over the future of a fund set up to help the north east refocus its economy on greener alternatives to oil and gas.