UK Energy Minister: £40m to extend Grangemouth licence not good use of public money
Energy Minister Graham Stuart also denied UK government approach would differ if the refinery was located in England
Victory for Shell as new West of Shetland gas field approved
Shell's Victory field has an estimated recoverable resource of 179 billion cubic feet of gas, equivalent to 7% of the UK’s annual natural gas consumption
UK approves Drax plans for bioenergy CCS project in Yorkshire
Carbon emissions captured from the Drax Power Station bioenergy units will be stored offshore as part of the Northern Endurance Partnership CCS project led by BP and Equinor.
North Sea boss calls for new licences to be issued until 2035
Francesco Mazzagatti called for the UK to develop a more coherent energy transition policy inclusive of oil and gas producers.
Aberdeen EV charging firm Trojan Energy secures £26 million investment
Aberdeen-based electric vehicle (EV) charging firm Trojan Energy has secured £26 million in investment in its latest funding round.
Aberdeen’s Three60 Energy secures work on BW Offshore’s Catcher and Adolo FPSOs
Aberdeen's Three60 Energy has secured two engineering and construction contracts with BW Offshore (BWO) across its Catcher and Adolo production vessels.
ScottishPower kickstarts “largest overhaul” of electricity grid since its inception
ScottishPower has unveiled £5.4 billion of contract opportunities as it kickstarts the "largest overhaul of the grid since its inception".
EU plans big scale up of carbon removals to reach climate neutrality
The green shift in the 27-nation bloc, which is already legally bound to reduce greenhouse gases by 55% this decade, will affect every corner of the economy.
Aberdeen University joins £2.6m energy transition minerals initiative
The TARGET initiative aims to train the next generation of minerals resource experts focused on the energy transition
Vestas will make its biggest-ever wind turbine blade in Poland, hints at UK plant
Vestas is still considering building an additional factory in the UK, potentially in Scotland, to help serve the UK market.
UK government delays decision on two Equinor offshore wind extensions
Equinor wants to double the capacity of the Sheringham Shoal and Dudgeon offshore wind farms off the coast of Norfolk
Plans for UK’s largest hydrogen production hub approved in Cheshire
Plans for a 1.35GW blue hydrogen production facility have been approved by a local council in Cheshire.
UK climate watchdog chief Chris Stark to resign with goals in doubt
The head of the UK’s Climate Change Committee Chris Stark will resign as the government struggles to put the country on a trajectory to reach a goal of net-zero carbon emissions by 2050.
Wind power beats gas plants to grab record share of UK power
Britain’s thousands of wind turbines grabbed their biggest slice of the electricity mix ever in December, sending output from gas-fired plants to their lowest in almost four years.
Thierry Desmarest, who made Total a major oil player, dies at 78
Thierry Desmarest, who transformed the French company now known as TotalEnergies SE (LON:TTE) into one of the world’s largest energy companies, has died. He was 78.
China’s solar boom fuels record growth in global renewables, wind power slows
Wind power, however, is growing at a slower rate after supply chain issues, inflation and higher borrowing costs put projects in Europe and the US in jeopardy, particularly for offshore farms.
Scottish wind farms set to propel green hydrogen powered aircraft in Aberdeen
ScottishPower and ZeroAvia partnership to explore green hydrogen solutions for airports in Aberdeen and Glasgow.
Wood secures ‘major’ North Sea contract with BP
Engineering firm Wood has been awarded a "major" multi-million dollar contract to deliver topside modifications for a BP subsea tieback in the UK North Sea.
Hunting estimates close to $100 million in EBITDA for 2023
Engineering group Hunting (LSE:HTG) has provided a year-end trading update for 2023, with the company's revenue expected to rise above $925 million.
Boost for North Sea as Valaris unveils swathe of rig deals
Offshore drilling contractor Valaris (NYSE:VAL) has announced a swathe of new contracts and extensions, with its order backlog rising to $1.14 billion.
Aberdeen’s Cutting Underwater Technologies toasts record year in 2023
Aberdeen's Cutting Underwater Technologies (CUT) has posted record revenue and project numbers in 2023.
Worley shares fall as it denies corruption, bribery allegations in Ecuador
Australian engineering firm Worley (ASX:WOR) has seen its shares fall at least 2.3% after it denied allegations of bribery and corrupt conduct in Ecuador.
UK hydrogen sector set for “critical” year in 2024
Significant progress was made in establishing a competitive hydrogen sector in 2023, but industry leaders say "it all hinges" on decisions made in 2024.
Substantial investment uncertainties for UK remain despite raft of assurances
While substantial investment uncertainty remains in the UKCS, the year has seen examples of risk-reducing policies from an investor standpoint, writes Professor Alex Kemp
Norway’s parliament approves deep sea mining in Arctic
Norway’s parliament approved commercial mineral exploration in the country’s Arctic waters even as the environmental and fishing lobbies pushed back against the move.