Partners Group Holding AG is in advanced talks for a potential acquisition of Rosen Group, a European engineering firm specializing in testing oil and gas assets, people with knowledge of the matter said.
Aberdeen-based industrial data and engineering consultancy Imrandd has reported its most significant six-month growth period, securing £2 million in contracts and an increase in headcount.
Equinor has made a commercially viable gas discovery near the Gina Krog field in the North Sea, with production to potentially start as early as this year.
Shell (LON: SHEL) expects to receive approval for its plans to decommission the legs of the Brent oilfield in 2024, a spokesperson has told Energy Voice.
An emergency helicopter landing in Stavanger in 2020 was caused by a misplaced washer left in its gearbox, the Norwegian Safety Investigation Authority (NSA) has found.
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.
Aberdeen 3D design student Nora Gricmane has been unveiled as the winner of the trophy design competition for the 2024 Offshore Achievement Awards (OAA).
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.
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.
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.”
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.
By By Grant Morrison, head of oil and gas, RSM Aberdeen and Jasper Van Heesch, private equity sector senior analyst & director, RSM UK
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.’