Aberdeen’s ROVOP and Boskalis announce global partnership
Aberdeen-headquartered subsea firm ROVOP and offshore contractor Boskalis Subsea Services have announced a global partnership agreement.
Kistos to buy two UK onshore gas storage sites from EDF Energy
Independent North Sea operator Kistos (AIM:KIST) has agreed to purchase two onshore gas storage sites from EDF Energy for £25 million.
EU industry calls for green shift help to keep up with China, US
The heads of major industrial companies want the European Union to cut energy costs and the regulatory burden of green rules to help the region stay competitive as the energy transition accelerates.
Struggling with fitness offshore? There’s a new app for that
The team behind a fitness company targeting the unique challenges faced by offshore workers has released a new app after a wave of interest in their programme.
Apache’s Beryl and Forties to go ‘cash flow negative’ on end to drilling decision
Welligence analysis shows Apache decision to halt drilling at Beryl and Forties hubs will significantly impact field production life.
Council backing secured for West of Orkney Windfarm
Orkney Islands Council declares its support for 2GW West of Orkney ScotWind project
Transocean rig goes five miles adrift in storm
Transocean Encourage rig drifts for 9km in Norwegian Sea during Storm Ingunn
UK marine energy sector hopes to continue making waves in AR6
Wave and tidal developers push for more strategic support to capture the full industrial potential of marine energy.
Aberdeen’s OEG revenues up 35% after year of renewables-focused acquisitions
OEG achieves "milestone" goal of even split in revenues between renewables and offshore oil and gas
Sweden closes probe into explosions on Nord Stream pipelines
Swedish officials said they have decided to close their investigation into the September 2022 explosions on the Nord Stream gas pipelines which were built to carry Russian natural gas to Germany, saying they do not have jurisdiction.
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.