Green hydrogen start-up Electrogenos has unveiled new efficiency figures and a 25% cost reduction for its electrolyser technology as it seeks investors to continue its ambitious growth plans.
"At the most extreme it has meant that some operators were not able to fly their intended programme", said one analyst
Aberdeen 3D design student Nora Gricmane has been unveiled as the winner of the trophy design competition for the 2024 Offshore Achievement Awards (OAA).
United Oil & Gas (LON: UOG) has terminated an asset purchase agreement with Quattro Energy for the conditional sale of a North Sea licence.
Wood Plc (LON: WG) has announced the appointment of Arvind Balan as its new chief financial officer and executive director.
Orsted A/S (CPH: ORSTED) shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4 billion) in impairments as the crisis in the wind industry is only getting worse.
The biggest manufacturers of wind turbines and solar panels are facing their most serious financial challenges in years even as deployments of clean energy head for an annual record.
The reaction from oil and gas analysts has been fairly muted after BP (LON: BP) published its third quarter financial results earlier today.
Tailwind Energy, a subsidiary of London-listed (LON: SQZ) Serica Energy, has been awarded a 100% interest in a North Sea block as part of the 33rd licensing round.
Energy giant BP (LON: BP) has unveiled its third quarter results, reporting underlying replacement costs profits of $3.29 billion (£2.7bn).
Environmental campaign groups have criticised the latest awarding of new oil and gas licences by the North Sea Transition Authority (NSTA).
Norwegian green hydrogen technology firm Hystar has announced ABB will join its HyPilot project as a supplier.
COP28 President Dr. Sultan Al Jaber addressed a record number of ministers and delegations from around the world at the opening session of Pre-COP, declaring that the international community needs to unite on climate action and that, “We have to come through. We must unite. We must act. And we must deliver in Dubai.”
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 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 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.
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 Technology (FRA: ND4) offshore workers will be balloted on strike action in a dispute over working rotas and paid annual leave.
Still Wakes the Deep, which is set on a collapsing oil rig in Scotland’s North Sea, will be launched early next year.
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 Mobil Corp. (NYSE: XOM) Exxon Mobil Corp. and Chevron Corp. posted disappointing profits amid weak performances by their oil-refining and chemical businesses.
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 has announced a management buyout, with company director Jennifer Fraser to step down after 27 years with the firm.
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.
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.
