IEA Report: Global renewables plans not yet in line COP28 goals
New research has warned that global ambitions and implementation plans are not yet in line with key goals set at COP28.
Update: Petrofac shares weak after trading resumes
Shares in debt-laden oil and gas services company Petrofac (LON: PFC) have fallen to new lows since they resumed trading after a month-long suspension.
Shell releases decommissioning contract bonanza
Shell (LON:SHEL) has put multiple contracts out to tender as it looks to decommission several of its North Sea projects.
Proserv gears up for 600-mile cycling challenge to raise £100,000 for charity
Aberdeen-headquartered controls technology company Proserv will begin a six-day charity cycle ride from Aberdeen to Great Yarmouth, 600 Miles for Minds, on 7 June.
Scottish ports need to cooperate to unlock offshore wind potential
Greater cooperation between ports is needed to help the Scottish supply chain take advantage of the coming offshore wind boom.
Petrofac takes $505 million full-year loss in 2023
Debt-laden Petrofac (LON: PFC) has reported a $505 million net loss in its delayed full-year financial results for 2023, with the company looking to sell some of its non-core assets to provide fresh capital.
Reabold blames “political instability” for West Newton delays
Reabold Resources has blamed “political instability in the UK” for delays at its West Newton gas development.
Poll: Scottish people back Aberdeen as home for GB Energy
People across Scotland have backed Aberdeen as the headquarters for GB Energy, the Labour Party’s proposed publicly-owned energy company, according to new figures released by advisory firm True North.
Circular Refining unveils plans for nuclear-derived ‘ruby’ hydrogen
Manchester-based Circular Refining & Products has unveiled plans to develop a nuclear-derived 'ruby' hydrogen production facility at Deeside Industrial Park, on the border between North Wales and Northwest England.
General election is perfect opportunity to address IR35 tax rules
The upcoming general election is an opportunity to address flaws with off-payroll tax rules which "offshore contract workers have been hit hard by," Qdos said.
44 NGOs urge Scottish Government to reject new Peterhead gas plant
A series of 44 NGOs has urged the Scottish Government Ministers to reject Equinor and SSE’s application for a new gas power plant at Peterhead.
RenewableUK elects three new board members
Three people will join the board of industry organisation RenewableUK as the results of its 2024 election have been announced.
North Sea experts back ‘100 days to save North Sea jobs’ report
Investment bank analyst says energy profits levy is 'tax on certainty, a tax on confidence' as industry faces 'cliff-edge'.
Eni ranked most-admired explorer in Wood Mackenzie poll
Italian major Eni has been named the upstream industry’s most-admired explorer in Wood Mackenzie’s industry-leading annual Exploration Survey.
Viaro Energy in talks to buy Exxon, Shell North Sea assets
Independent energy producer Viaro Energy is reportedly nearing a deal to buy Shell and ExxonMobil’s jointly-owned gas fields in the southern North Sea.
Update: ConocoPhillips agrees to buy Marathon Oil, FT reports
ConocoPhillips has agreed to buy Marathon Oil (NYSE:MRO) in a $17 billion all-stock deal.
Production restarts at Pierce field after six-month outage
Ithaca Energy (LON: ITH) has said that production has resumed at the Pierce field after a six-month production halt.
Exxon investor sued for climate proposal promises to back off
The ExxonMobil investor that the oil giant is suing for its climate-related shareholder proposal is promising not to file similar motions in the future in a bid to get the legal action dropped.
Ithaca appoints new CEO amid board and management shake-up
Ithaca Energy (LON: ITH) has proposed appointing Luciano Vasques as its new chief executive officer.
Synergia starts hunt for Medway Hub Camelot CCS partner
Synergia Energy (AIM: SYN) has begun the farm-out process concerning its Medway Hub Camelot carbon capture and storage (CCS) project in the UK.
Lamprell delivers final transition pieces for Moray West wind farm
The final transition pieces (TPs) for Ocean Winds’ 882MW Moray West wind farm located in the Moray Firth have been delivered by United Arab Emirates-based manufacturer Lamprell.
West of Orkney Wind Farm donates £50,000 to Highland apprenticeship scheme
The FutureSkills apprenticeship programme in Caithness has received £50,000 in support from the West of Orkney Wind Farm.
Next government has “100 days to save 100,000 North Sea jobs,” report warns
New research has warned that the next UK government will have just 100 days to restore confidence to the North Sea energy sector and save 100,000 jobs.
Hydrogen industry groups outline steps to accelerate UK clean hydrogen growth
The Hydrogen Coordination Forum, which comprises national and regional industry groups in the low-carbon hydrogen space, has set out 10 steps its members see as “quick wins” that would accelerate the growth of the UK’s nascent hydrogen economy.
Subsea7 to supply Serica Energy with Belinda pipeline
Serica Energy (AIM: SQZ) has awarded Subsea7 a “sizeable” contract to supply a pipeline for the company’s Belinda field development south-east of the Triton FPSO.