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.
Orsted partner to sell wind farms, take $1.6 billion charge
Eversource Energy plans to offload stakes in South Fork, Sunrise and Revolution wind projects in the US
Dolphin Drilling receives $2 million in outstanding payments from GHL over Nigeria contract
Aberdeen-headquartered Dolphin Drilling (OSLO: DDRIL) has announced it has received $2 million in overdue payments from General Hydrocarbons Limited (GHL).
Vattenfall plans for Aberdeenshire wind farm challenged over wildcat conservation
Plans for a wind farm in Aberdeenshire are set to face legal action from a conservation group concerned about wildcat protection.
Andy Burnham tells Starmer ‘stick to your guns’ on £28 billion green investment
Sir Keir Starmer has been urged not to backtrack on his plans to invest £28 billion in green projects, by Labour’s Greater Manchester mayor Andy Burnham.
Global offshore rig market could reach 96% utilisation in 2024
Westwood expects offshore rig dayrates to continue their upward trajectory across the board in 2024 as supply tightens.
Government delays North Sea legislation due to lack of Commons time
Government legislation designed to maximise North Sea oil and gas production has been delayed to avoid it being rushed through its first stage in 45 minutes.
New North Sea licences will make ‘little difference’ to UK energy security, claims think tank
North Sea oil from new exploration licences sent to domestic refineries would account for less than 1% of the fuels used in the UK in 2030, a think tank has found.
UAE state-owned oil firm ADNOC invests in UK carbon capture firm Storegga
Carbon capture firm Storegga is a partner in the Acorn and Trudvang CCS projects
BW Catcher FPSO contract extended beyond fixed term
The operators of the BW Catcher FPSO vessel have announced its contract has been extended beyond its fixed term.
Nic Braley appointed to lead Acorn CCS project team
The firms behind the Acorn carbon capture and storage (CCS) and hydrogen joint venture have announced Nic Braley to lead its project team.
BP shareholders urge oil giant to target BAE head as new CEO
BAE Systems chief Charles Woodburn is being backed by some investors to replace former CEO Bernard Looney
2024 the year of a ‘Sea Change’ in the North Sea
The UK urgently needs coordinated and integrated transition plans to ensure a just and fair transition for all, writes Professor Paul de Leeuw
Quitting net zero tsar Skidmore is wrong on North Sea oil and gas, says Hunt
The Chancellor has hit back at the former net zero tsar after he quit the Conservatives over the Government’s decision to increase domestic oil and gas drilling.
‘Insulting pittance’: Rural Scottish communities question value of renewables community funds
Scottish communities "expected to bear a large part of the burden" of the UK's renewables transition are questioning the value of funding they receive in return.
Opinion: Offshore sector must be at the heart of securing UK’s energy future in 2024
When GMB said the UK needs “plans not bans” for the future our energy sector we meant it, and our offshore sector must be front and centre.
Scottish wind farm rejected due to MoD nuclear test ban concerns
Scottish ministers reject Faw Side wind farm plans over potential impacts to UK nuclear treaty obligations