French fund rule puts $7.6 billion of oil, gas assets at risk
A French rule targeting ESG funds has the potential to force oil and gas divestments of €7 billion ($7.6 billion), according to an analysis by Morningstar Inc (NYSE: MORN).
Exclusive: “Strong demand” sees headcount and revenues rise at Aberdeen’s ROVOP
ROVOP global revenues increase by 31%, with EBITDA up 57% to £11m.
Report finds only 8% of global energy companies on track to meet 2050 net zero targets
Destination Net Zero report finds 28% of energy companies are off track, but still decreasing emissions, while the remaining 64% are off track and still growing their emissions.
‘Unfavourable’ weather hits wind power production at SSE
Energy company SSE (LON: SSE) doubled down on its outlook for the year even as poor weather conditions and delays to a wind farm hit power production at the company’s renewables arm.
Buchan Offshore Wind consortium completes site investigation for 1GW ScotWind project
The consortium behind the Buchan Offshore Wind project has completed its site investigations for its 1GW floating offshore wind farm in the Northeast of Scotland.
Aberdeen energy transition firms confident in region’s economic resilience
Aberdeen oil and gas industry leaders have spoken of their confidence in the region's economic resilience as a new report shows the sector has less faith in UK energy policies.
UK firm Element completes first phase of £10 million investment in hydrogen test facilities
London-based testing, inspection and certification provider Element Materials Technology has completed the first phase of a £10 million investment into its hydrogen capabilities.
Updated: 150 Kaefer contractors at Shell operated Mossmorran and St Fergus energy plants set to strike
Unite members working as contractors for Kaefer at Shell operated plants vote to take a week of strike action between 27 November and 4 December.
Orsted quits Norway offshore wind venture as cost crisis deepens
Orsted A/S (CPH: ORSTED) has withdrawn from a partnership developing offshore wind projects in Norway as the company grapples with big losses resulting from rising costs.
Over 200 students take part in Girls In Energy annual conference in Aberdeen
More than 200 young women gathered in Aberdeen last week to discuss innovative solutions to global food, water and energy sector challenges as part of the annual Girls In Energy conference.
Scottish Government downgrades estimate of European offshore energy share
Ministers now say Scotland has around 10% of European Union offshore energy potential, down from previous claims of 25%
Continuum looks to recycle wind turbine blades into composite materials
Danish start-up Continuum has developed a world-first method of recycling wind turbine blades into composite building materials, and the company could potentially base its first factory in Scotland.
Equinor UK boss warns North Sea investment at ‘all-time low’
The chief of Equinor's UK operations has warned investment in the North Sea is at "an all-time low" in meetings with the Scottish and UK governments.
Aberdeen NHV helicopter pilots to vote on industrial action over pay
Helicopter pilots are being balloted for industrial action in a dispute over pay.
Aberdeen’s Craig International continues global expansion with new Australia office
Aberdeen-headquartered Craig International has opened its tenth international base and first in Australia.
Wood Mac: New UK licences need major discovery to ‘whet Shell’s appetite’
Shell (LON: SHEL) will need as much as one trillion cubic feet of gas from exploration licences in the West of Shetland to "truly whet its appetite", according to analysis by Wood Mackenzie.
UK prepares to hike wind farm prices as developers struggle
The UK government is preparing to offer significantly higher subsidies for new offshore wind farms to get the country’s clean-power strategy back on track after developers shunned a previous auction.
Crown Estate plans to unlock additional 4GW capacity from seven offshore wind projects
The Crown Estate has set out plans to generate an additional four gigawatts from seven wind farms under development offshore England, Wales and Northern Ireland.
Spirit Energy adds Appleton field well to Well-Safe Defender scope
Aberdeen-based well decommissioning specialists Well-Safe Solutions have signed an agreement with Spirit Energy, adding another well to its current plug and abandonment campaign.
North Sea offshore medics looking to unionise, fight for increased pay
Offshore medics based in the North Sea are making efforts to unionise over dissatisfaction with pay and conditions.
Decom Mission targeting greater project visibility amid sector challenges
The decommissioning sector is facing a myriad of challenges including inflationary pressures, skills shortages and a lack of project visibility according to Decom Mission, the Aberdeen-based trade body representing the industry.
DNV completes first phase of collaborative project to optimise floating wind substation design
Norwegian energy firm DNV has completed the first phase of its joint industry project (JIP) aimed at establishing offshore substation standards for the growing floating wind sector.
Vattenfall awards Aker Solutions £438m contract for Norfolk Vanguard West wind farm offshore platform
Vattenfall has awarded a NOK 6 billion (£438 million) contract to Aker Solutions for work on a 1.4 GW wind farm project under development off the coast of Norfolk.
Aberdeen St Fittick’s Park and Doonies ETZ plans unveiled amid ongoing legal row
The application by ETZ Ltd has been submitted despite any commercial activity being put on hold.
Danish wind turbine manufacturer Vestas returns to profitability in Q3 results
Danish wind turbine manufacturer Vestas (DKK: VWS) has announced a return to profitability as it released its 2023 third quarter results.