Aker Solutions delivers third quarter results, surpassing £1 billion in revenue
Norwegian oil and gas services firm Aker Solutions has delivered its third quarter results, achieving NOK 14.3 billion (£1.06 billion) in revenue.
Centrica chief trying to get the UK to speed up carbon capture
Centrica Plc boss Chris O’Shea is on a mission to show the UK government that it needs to rapidly speed up carbon capture projects, which could become crucial if the country is to reach its net zero ambitions.
As wind industry struggles, investors brace for Orsted losses
As the German government scrambles to prop up Siemens Energy AG, another major European wind firm faces its own moment of truth after warning of billions of euros in writedowns.
Opinion: Is the oil and gas sector becoming more attractive to private equity investors?
A 2020 study by McKinsey stated, ‘The oil and gas industry accounts for 42% of global emissions…in addition, it produces the fuels that create another 33% of global emissions.’
Around 200 Odfjell workers on Equinor and TAQA installations to be balloted on strike action
Around 200 Odfjell Technology (FRA: ND4) offshore workers will be balloted on strike action in a dispute over working rotas and paid annual leave.
First look: Footage released of ‘horror’ video game set on 1970s North Sea oil rig
Still Wakes the Deep, which is set on a collapsing oil rig in Scotland’s North Sea, will be launched early next year.
Chevron profit falls shy of estimates on refining weakness
Chevron Corp. (NYSE: CVX) fell short of analysts’ expectations amid weak returns from its overseas refineries as the oil giant moves closer to the $53 billion purchase of storied rival Hess Corp.
Exxon raises dividend after free cash flow soars more than expected
Exxon Mobil Corp. (NYSE: XOM) Exxon Mobil Corp. and Chevron Corp. posted disappointing profits amid weak performances by their oil-refining and chemical businesses.
New 6.7MW Ecosse Solar Park opens in Forfar
A new 20-acre solar park has opened in Angus in the Northeast of Scotland, boosting green energy production in the local area.
Aberdeen’s Seacroft Marine Consultants announces management buyout
Aberdeen's Seacroft Marine Consultants has announced a management buyout, with company director Jennifer Fraser to step down after 27 years with the firm.
UK gas grid readies for blending hydrogen amid technology debate
The UK’s natural gas network will be ready to blend some hydrogen into the grid by the end of next year, according to its operator, which is preparing for the technology despite renewed debates about its viability.
Goldwind profits plunged even as wind power surges in China
Xinjiang Goldwind Science & Technology Co., the largest wind-turbine maker, said profit plunged as a price war continues to offset some of the benefits of China’s surge in clean energy investment.
Coretrax secures multi-year contract to boost production for Middle East operator
Aberdeenshire oil field equipment supplier Coretrax has secured a multi-year contract with a Middle East operator to deliver production enhancement across a multi-well campaign.
Vår Energi moves closer to gas export solution from Goliat field
Norwegian oil and gas company Vår Energi has approved a concept for gas export from the Goliat field in the Barents Sea.
New ‘state-of-the-art’ tidal turbine blade manufactured by FastBlade in Scotland
A new 'state-of-the-art' tidal turbine blade has been manufactured in Scotland for the first time, and engineers say it could reduce the levelised cost of tidal energy (LOCE).
Aberdeen’s Ashtead Technology signs exclusive agreement for Australian subsea robots
Aberdeen subsea equipment provider Ashtead Technology has signed an exclusive rental agreement with Australian firm Reach Robotics.
Global Underwater Hub report finds supply chain capability high, lack of project visibility threatening confidence
A report by the Global Underwater Hub (GUH) released today has emphasised the strength of the UK supply chain but warns a continuing lack of project surety is impeding necessary investment.
New York awards contracts for three offshore wind projects
New York has selected three offshore wind farms to negotiate power contracts with the state as the industry faces increasing challenges from rising costs.
Orcadian granted conditional extension to North Sea Pilot licence
Orcadian Energy has announced the North Sea Transition Authority (NSTA) is prepared to grant a two-year extension on its P2244 licence in the Pilot field, subject to certain conditions.
GE Offshore Wind to post $1 billion loss in 2023, again in 2024
General Electric Co. (NYSE: GE) expects its offshore-wind operations to post annual losses of about $1 billion (£822 million) for this year and next as the industry struggles with rising costs.
EU aims to boost its wind industry to counter China’s clean tech ambitions
The European Union launched a wind power package on Tuesday to counter the growing influence of China and spur its own industry, as the bloc focuses more firmly on China as the biggest threat to its clean-tech industry.
SLB to deploy Plexus technology in new North Sea well plugging project
Aberdeen oil and gas engineering services firm Plexus Holdings has been awarded an equipment contract for a new North Sea plug and abandonment (P&A) project by SLB (NYSE: SLB).
Worley secures FEED contract for Kintore Hydrogen project in Aberdeenshire
Statera Energy has awarded a front end engineering and design (FEED) contract for the first phase of its 3GW Kintore Hydrogen project to Australian firm Worley.
Aberdeen’s AISUS Offshore forms strategic partnership with Brazilian firm
Aberdeen oil field equipment supplier AISUS Offshore has announced a strategic partnership with Brazilian engineering firm SIMEROS.
Global oil demand to reach its peak this decade, IEA says
Global demand for oil will reach its peak this decade, the International Energy Agency predicted for the first time, amid growing popularity of electric cars and the cooling of China’s economy.