CIP set to invest £250m in UK solar firm Elgin Energy
Danish renewable energy infrastructure investor Copenhagen Infrastructure Partners (CIP) is set to invest £250 million and take a majority stake in UK solar developer Elgin Energy.
Aberdeen firm facing second takeover this year after ChampionX buyout
RMSpumptools to become part of SLB after its owner ChampionX was bought by the American oilfield services giant
New owners give Acteon Group ‘significant’ offshore wind potential
Offshore wind supply chain expert says private equity investment in Acteon Group could provide big boost to its offshore wind potential.
Shareholder advisory firms support BP handling of Looney sacking
Two major shareholder advisor firms have endorsed BP's (LON:BP) handling of the departure of former chief executive officer Bernard Looney.
ORE Catapult and Vattenfall extend partnership at Aberdeen wind farm
The Offshore Renewable Energy (ORE) Catapult and Swedish wind developer Vattenfall have agreed a three-year extension to their partnership at Aberdeen Offshore Wind Farm.
Macquarie unit Corio Generation is leading $50bn investment in offshore wind
Macquarie Asset Management (ASX:MQG) is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away.
Big Oil is beating Big Tech as eyes turn to crucial OPEC meeting
Big tech may be driving the stock market, but after a blow-out first quarter, big oil would like a word.
Shell says support for energy shift will wane if prices soar
Lawyers for Shell argue landmark 2021 climate ruling could have disastrous consequences as appeal gets underway.
SLB announces $7.8 billion stock deal for smaller rival ChampionX
American oilfield services giant SLB (NYSE:SLB) has announced a deal worth approximately $7.75 billion in stock to buy smaller rival ChampionX (NYSE:CHX).
Search for missing Gabon offshore worker ongoing after Perenco fire
The search for a missing offshore worker remains ongoing following a fatal fire at a Perenco-operated oil platform in Gabon.
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.