BP takes $900m impairment against North Sea assets
BP (LON:BP) took an approximate $900 million (£700m) impairment charge against some of its North Sea assets in 2023, according to the firm's annual report.
Aberdeen oil boss Bob Kidd loses £150m lawsuit
Aberdeen oil boss Bob Kidd has lost a £150 million fraud case he brought against American business partners and their law firm.
Aberdeen’s Colin Black named ambassador for Scottish asthma charity
Scottish charity Asthma and Allergy Foundation (AAF) have named Aberdeen energy sector veteran Colin Black as their first ambassador.
Douglas Ross urged to whip Scottish Tory MPs against windfall tax extension
Douglas Ross has been warned he will be Scottish Tory leader in “name only” if he does not whip his MPs to vote against a windfall tax extension.
Norway investigators confirm S-92 helicopter had uncontrolled landing, floats not deployed
Investigators are working to determine why emergency floating batons did not deploy on a helicopter which ditched off the coast of Norway last week.
New BP CEO Murray Auchincloss received £8m in 2023
Newly appointed BP chief executive officer Murray Auchincloss took home just over £8m in pay in 2023, including £6.5m in bonuses.
Hess flags possible delay for Chevron deal as Exxon steps in
Hess Corp. (NYSE:HES) signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after Exxon Mobil Corp. filed for arbitration over the deal to preserve its rights to a massive oil discovery off Guyana.
Uncertainty for new North Sea project over windfall tax
Hartshead Resources warns of the risk of a "flight of capital to other jurisdictions" due to Labour Party comments on the windfall tax.
Policymakers more influenced by ‘grey’ reports which emphasise offshore wind negatives
A new study has found policymakers are more likely to be influenced by reports which tend to emphasise the negative environmental aspects of offshore wind farms.
Taiwanese company makes recyclable wind turbine blades to solve waste issue
Growing up in a poor village in the mountains of central Taiwan, Robert Tsai would have to walk more than two hours to bring buckets of clean drinking water back to their family home.
Harbour Energy ‘confident’ on completing Wintershall DEA deal despite German headwinds
Harbour Energy executives remain confident the company's planned takeover of Wintershall Dea will get approval from German authorities.
NZTC to offer £500,000 in hydrogen electrolyser innovation competition
Aberdeen's Net Zero Technology Centre (NZTC) is launching a £500,000 competition focused on improving hydrogen electrolyser efficiency.
Updated: UK government confirms £800m wind budget for AR6 auction
Renewable industry leaders called the AR6 budget a "missed opportunity" and said the government's 2030 offshore wind target "looks unachievable".
Red-faced Tory leader Douglas Ross hung out to dry as windfall tax extension announced
The Scottish Tory leader 'fought as hard as he could' against the extension of the levy - but it fell on deaf ears.
Pioneering tidal turbine displayed in National Museum of Scotland
A pioneering tidal turbine developed by Scottish firm Nova Innovation is now on display in the National Museum of Scotland.
Scottish Conservative leader Douglas Ross calls on Chancellor not to extend windfall tax
Tory leaders reportedly feared Douglas Ross would resign in protest over rumoured windfall tax measures
Artificial intelligence set to play ‘crucial role’ in future energy systems
Artificial intelligence (AI) experts say the emerging technology will play a "crucial role" in future energy systems, emerging as a new frontier in the energy transition.
SSE Renewables and Equinor cancel Dogger Bank green hydrogen plans
Dogger Bank D developers will now focus on producing power for the grid.
Russia’s oil and gas revenue jumped in February in budget boost
Russia’s oil and gas revenue jumped more than 80% in February from a year earlier to over $10 billion due to higher prices for the nation’s crude as its producers withstood Western sanctions.
Amazon-backed hydrogen firm raises €500 million to ramp up
Dresden-based Sunfire manufactures two kinds of hydrogen electrolysers.
VIDEO: MethaneSAT satellite launches into orbit in mission to monitor oil and gas emissions
A satellite aiming to monitor methane emissions from the oil and gas sector from space has reached orbit after a successful launch overnight.
Viaro Energy to explore using mini nuclear reactors to decarbonise offshore assets
Viaro Energy signs agreement with startup Newcleo to assess using nuclear power for existing and future North Sea assets
Could space-based solar power be the world’s next energy frontier?
The concept of harvesting solar energy via orbiting power stations and beaming it back to Earth is attracting attention, but the challenges are astronomical.
North Sea firms keenly await Spring Budget clarity on windfall tax
Reports suggest Chancellor Jeremy Hunt is planning to extend the windfall tax on North Sea oil and gas firms.
Salamander floating wind partners with Scottish universities on marine environment study
The team behind the Salamander floating offshore wind project will partner with two Scottish universities to study the impact of floating windfarms on marine ecosystems.