DNO acquires interest in Arran field expanding North Sea portfolio
Norwegian oil and gas operator DNO (OSL:DNO) is expanding its UK North Sea portfolio, acquiring a 25% interest in the Arran field from Dutch firm ONE-Dyas.
Deltic Energy farms-out 25% Selene interest to Dana Petroleum
Deltic Energy (AIM:DELT) has announced an agreement to farm-out a 25% interest in the Selene prospect to Dana Petroleum.
Vestas outlook is improving for this year as crisis abates
Vestas Wind Systems A/S (CPH:VWS) expects earnings to improve further this year after returning to profitability in 2023 as the Danish company turns the page on an industry-wide crisis that slowed the development of projects.
TotalEnergies hikes dividend, shrugs off profit drop
TotalEnergies SE (LON:TTE) raised its dividend and continued share buybacks, shrugging off a 31% drop in fourth-quarter earnings caused by weaker oil and gas prices and shrinking refining margins.
Shell seeks to reduce its stake in Dutch offshore wind farm
Shell Plc (LON:SHEL) is looking to sell part of its stake in a wind farm it built off the coast of the Netherlands as the company aims to drive more value for shareholders.
Woodside and Santos end talks on $57 billion deal
Woodside Energy Group Ltd. (ASX:WDS) and smaller rival Santos Ltd. (ASX:STO) ended talks over a potential merger that would have created an Australian gas export powerhouse after the companies failed to agree on a valuation.
Orsted axes dividend as CEO tries to cut spiralling costs
Orsted A/S (CPH:ORSTED) will pause dividend payments until at least 2025 and slash plans to build new projects this decade as part of a wide array of cost-cutting measures outlined by chief executive officer Mads Nipper.
Equinor fourth quarter profits beat estimates, share dividend cut
Equinor (OSE:EQNR) reported fourth quarter adjusted earnings of $8.68 billion, a fall from the highs of $17 billion a year earlier but still slightly higher than analyst estimates.
Geothermal developer CeraPhi Energy acquires former fracking company Third Energy
CeraPhi plans to repurpose former gas wells into geothermal energy centres
Aberdeen energy firms look Down Under for new opportunities
North East energy supply chain firms will look to emerging opportunities Down Under as the Aberdeen-Perth WA Gateway event returns to the Granite City on February 8.
Thistle Wind Partners reaches milestone on Ayre Offshore Wind farm
Thistle Wind Partners (TWP) has passed a planning milestone for its Ayre Offshore Wind farm, submitting the onshore scoping report to Highland Council.
Europe wary of clean-tech protectionism on green-transition cost
The European Union is shying away from further measures to protect its embattled clean-tech industry from cheap Chinese imports over concerns it could make it harder to source key components and raise the cost of the green transition.
EU risks escalating spat with farmers, business over climate
The European Union issued its most ambitious climate roadmap just as the bloc is facing severe headwinds from angry farmers and an ailing industrial base increasingly alarmed about the high costs of a rapid green transition.
BP-leased oil rig pipe drops to sea floor in North Atlantic
Diamond Offshore Drilling Inc. said equipment on a rig under lease to BP Plc (LON:BP) accidentally broke free during a storm and sank to the bottom off the UK coast. No one was injured and no crude leaked into the ocean.
UK Government urged to allow more scrutiny of climate plans
Members of Parliament want more say on government plans to achieve emissions cuts in the run-up to 2050, the nation’s legally binding net-zero target date.
Germany paves way for major expansion of gas power plants
The plan requires developers to upgrade stations to burn hydrogen sometime between 2035 and 2040
Orsted faces investor pressure to cut dividend after share slump
Wind-energy titan Orsted A/S (CPH:ORSTED) will pitch its strategic plan to investors this week, after a disastrous 2023 that saw a multi-billion-dollar writedown on US projects and the dismissal of two top executives.
Shell signs rig contract with Valaris for Selene and Pensacola wells
Shell has confirmed a drilling contract for the Valaris 123 jackup rig for the Selene exploration well and Pensacola appraisal well.
Big oil’s optimism faces reality check in tech-obsessed market
Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX) are generating returns not seen since their heyday over a decade ago, with $58.7 billion handed to shareholders last year and more to come in 2024, even if crude prices drop. And yet, they’re struggling to compete in a stock market beholden to Silicon Valley.
UK underwater sector ready to navigate the ‘Blue Frontier’ at Subsea Expo 2024
The challenges and opportunities facing the global subsea sector are being likened to space exploration as companies push the boundaries of what's possible in Earth's final, 'blue' frontier.
Offshore wind sector M&A heads towards reboot
The wind sector is in growth mode and stakeholders are fiercely competing to increase their slice of the pie but growing pains have emerged, casting a shadow on previously held assumptions around the commerciality of the sector.
Climate activists in Norway claimed victory in a court battle over North Sea oil fields. Will the UK be next?
After a court in Norway ruled in favour of climate activists over North Sea oil field downstream emissions, will UK courts follow suit?
Exxon, Chevron surpass forecasts as shale drilling lifts output
Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX) surpassed earnings forecasts as bigger-than-expected oil output from shale fields helped cushion the blow from weakening crude prices.
Aberdeen’s Apollo Engineering to trial electric vessel charger for offshore wind sector
Apollo's PALM Charger could help offshore wind developers decarbonise their marine vessel fleets
Norway’s carbon capture scheme boosted by Germany’s change of heart
A Norwegian project to bury carbon under the seas is getting backing from Germany