NSTA fines NEO Energy £100k for breaching venting consents
The North Sea Transition Authority (NSTA) has fined NEO Energy £100,000 breaching its combined vent consent for the Donan/Dumbarton, Lochranza and Balloch fields.
Petrofac secures $350m contract with Equatorial Guinea’s national oil company
Oil and gas service provider Petrofac (LON:PFC) has secured a $350 million contract with the national oil company of Equatorial Guinea.
Updated: Scottish Government rolls back climate goals
The Scottish government is to abandon its ambitious climate target of reducing greenhouse gas emissions by 75% by 2030.
Chevron launches $500 million fund to invest in clean tech
Chevron Corp.’s (NYSE:CVX) venture arm launched a fund — its third — with a $500 million commitment to invest in clean energy technologies.
Kazakhstan’s compensation claims against Kashagan oil firms jump to $150 billion
Companies including Eni, Shell, ExxonMobil and TotalEnergies invested close to $55 billion to develop Kashagan
Offshore wind sector targets five tech areas to triple UK supply chain manufacturing
Offshore wind sector 'Industrial Growth Plan' could support 10,000 jobs a year and provide a £25bn boost to the UK economy by 2035.
Orcadian says Elke North Sea prospect has potential to be ‘bigger than Pilot’
Orcadian Energy CEO also said first oil could be achieved at its Pilot development by 2028
South Korea’s HD Hyundai signs Scottish floating wind manufacturing pact
Agreement covering the design and manufacture of floating offshore wind substructures heralded as a "vote of confidence" in Scotland
SNP blasts “betrayal” of North East over energy civil servant jobs
Four SNP MPs have called on the UK government to explain the confusion over the number of energy civil servants headed for Aberdeen.
Petrofac debt puts it in ‘challenging financial position’
Oil and gas service provider Petrofac's (LON:PFC) efforts to restructure its debt could lead to a significant dilution for shareholders, according to an analyst.
Exclusive: Business leaders ‘extremely disappointed’ as UK Gov confirms just 35 civil servants coming to Aberdeen
Reports last year heralded 200 roles being relocated to the Granite City, but the actual figure appears to be far lower.
Swiss failed citizens on climate, human rights court says
First-of-its kind case leads to landmark climate ruling, which is likely to have ramifications across Europe.
Former Shell CEO talks up benefits of listing in New York
International oil companies listed in the US benefit from higher multiples, greater access to capital and a friendlier investor base, according to Shell Plc’s former chief executive officer.
EU ramps up pressure on China’s green tech with wind probe
The European Union ramped up pressure on Chinese clean-tech investments potentially squeezing out its local suppliers amid EU efforts to transform the bloc into a green economy.
Exxon on track with UK refinery expansion just as others shut capacity
The bulk of new diesel supply stemming from a $1 billion expansion at the UK’s largest oil refinery operated by Exxon Mobil Corp. (NYSE:XOM) will be available in the first quarter of 2025.
Methane-eating microbes show promise for wiping out planet-warming emissions
Instead of flaring, oil and gas producers could transform the methane emissions into organic fertilizer.
Former BP, Shell worker now world’s oldest living man
A former BP and Shell worker has been recognised as the world's oldest living man by Guinness World Records.
Two thirds of global university energy degrees still focused on fossil fuels
More than two thirds of university energy degrees worldwide remain focused on the fossil fuel industry rather than renewables, according to a new study.
High renewable output pushes UK power prices to negative
The UK’s wholesale power prices will drop below zero for 12 hours on Saturday — the second-longest such stint on record — as strong renewable generation means supply will outstrip demand.
Vårgrønn names former Equinor renewables boss as new CEO
Vargronn will appoint former Equinor renewables boss and Aker Solutions executive vice president Stephen Bull as CEO.
Port of Cromarty Firth gets 750th rig visit from Well-Safe Defender
The Port of Cromarty Firth (PoCF) has reached a new milestone after welcoming its 750th oil rig to the North Sea inlet in the Scottish Highlands.
World’s oil and gas firms linked to 40% of CO2 emissions since 2016
A new report has revealed the world's oil and gas firms have contributed to more than 40% of global carbon dioxide (CO2) emissions since the Paris climate agreements.
Decarbonising UK heating poses significant challenges, and opportunities
Decarbonising the UK heat sector will be crucial to achieving net zero targets, but within that challenge firms are also seeing lucrative opportunities.
Genesis Energies back in Aberdeen city centre with ambitions for growth
Genesis is targeting new clients and further growth in carbon capture, hydrogen, and asset decarbonisation as it returns to the 'heart' of Aberdeen.
Norway’s largest investors prefer climate voting over Big Oil divestment
Activist shareholder group Follow This said Norwegian investors are "true stewards" of the global economy, while their international peers promote "climate breakdown".