Ithaca hands $200m to shareholders following ‘combination’ with Eni
The North Sea firm also confirmed controversy-hit Rosebank field was on track for first oil in 2026/27
Wave & Tidal
Wave and Title Energy News
Maier says GB Energy could create 300 jobs in Aberdeen
GB Energy chairman Jurgen Maier has pledged that the state-owned energy company will create up to 300 jobs at its new headquarters in Aberdeen.
New solutions needed to drive North Sea decommissioning
Decommissioning represents a vital transitional phase for the North Sea oil and gas industry.
Vital Energi plans 400 green jobs boost
Blackburn-headquartered Vital Energi has announced that it is expanding its operations by opening new offices in Newcastle and Swansea while also increasing its existing presence in Glasgow. This comes on top of what Vital described as a “major” refurbishment of its Blackburn headquarters, increasing seating capacity by a third.
Ocean Winds submits Caledonia offshore planning consent
Ocean Winds has submitted applications for the offshore planning consent for its major 2GW Caledonia offshore wind farm in the Moray Firth.
Grid issues see 14% of Ireland’s wind power go to waste
Grid issues saw Ireland lose 14% of the electricity produced from wind so far in 2024, making it the worst year for energy wastage on record.
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SNP blasts “betrayal” of North East over energy civil servant jobs
Four SNP MPs have called on the UK government to explain the confusion over the number of energy civil servants headed for Aberdeen.
Exclusive: Business leaders ‘extremely disappointed’ as UK Gov confirms just 35 civil servants coming to Aberdeen
Reports last year heralded 200 roles being relocated to the Granite City, but the actual figure appears to be far lower.
Labour announces plans for GB Energy to invest in floating wind
UK Labour leader Sir Keir Starmer will be joined by new Welsh first minister Vaughan Gething to unveil 'Great British Energy' plans.
Scotland’s Orbital shortlisted for US floating tidal energy pilot project
Scottish renewable marine energy company Orbital Marine Power has been selected as the technology partner for a tidal energy pilot project in the US.
Tidal sector aims for 80% energy cost reduction through ten key innovations
ORE Catapult report outlines ten technological innovations which could bring about an 80% reduction in tidal stream energy costs.
Updated: UK government confirms £800m wind budget for AR6 auction
Renewable industry leaders called the AR6 budget a "missed opportunity" and said the government's 2030 offshore wind target "looks unachievable".
Pioneering tidal turbine displayed in National Museum of Scotland
A pioneering tidal turbine developed by Scottish firm Nova Innovation is now on display in the National Museum of Scotland.
‘A tremendous success’: Orkney wave-powered subsea project to return to shore
A groundbreaking project combining wave power and subsea energy storage has completed its year-long trial off Orkney, and will return to base later this spring.
Net Zero economy grew 9% in 2023 to be worth £74bn, report says
The “net zero economy” - from renewables and electric cars to green finance - grew 9% in 2023 to contribute £74 billion to the UK, a report has shown.
‘Oh woe is us’: UK turbine maintenance
David Rennie’s comments around Hywind maintenance being a "lost opportunity" left me puzzled and asking the question as to whether or not he actually understands the floating turbine marketplace as well as he ought.
UK marine energy sector hopes to continue making waves in AR6
Wave and tidal developers push for more strategic support to capture the full industrial potential of marine energy.
Europe wary of clean-tech protectionism on green-transition cost
The European Union is shying away from further measures to protect its embattled clean-tech industry from cheap Chinese imports over concerns it could make it harder to source key components and raise the cost of the green transition.
EU risks escalating spat with farmers, business over climate
The European Union issued its most ambitious climate roadmap just as the bloc is facing severe headwinds from angry farmers and an ailing industrial base increasingly alarmed about the high costs of a rapid green transition.
UK Government urged to allow more scrutiny of climate plans
Members of Parliament want more say on government plans to achieve emissions cuts in the run-up to 2050, the nation’s legally binding net-zero target date.
UK underwater sector ready to navigate the ‘Blue Frontier’ at Subsea Expo 2024
The challenges and opportunities facing the global subsea sector are being likened to space exploration as companies push the boundaries of what's possible in Earth's final, 'blue' frontier.
Shell joins wave power subsea project off Orkney
Energy giant Shell has become the latest major firm to join an innovative wave power subsea project off Orkney.
Labour would need £8 billion to deliver green plan within rules
The Labour Party needs to find at least £8 billion ($10 billion) to deliver its green-investment plan, a new analysis shows, underscoring why UK opposition leader Keir Starmer may be mulling changes to the initiative.
EU set to seek ambitious goal of 90% emissions cut by 2040
The European Union’s executive arm is set to recommend a 90% net reduction of greenhouse gases by 2040, a target backed by climate scientists and criticized by the industry in the face of high energy prices and growing international rivalry in clean technologies.
UK climate watchdog chief Chris Stark to resign with goals in doubt
The head of the UK’s Climate Change Committee Chris Stark will resign as the government struggles to put the country on a trajectory to reach a goal of net-zero carbon emissions by 2050.
China’s solar boom fuels record growth in global renewables, wind power slows
Wind power, however, is growing at a slower rate after supply chain issues, inflation and higher borrowing costs put projects in Europe and the US in jeopardy, particularly for offshore farms.
Andy Burnham tells Starmer ‘stick to your guns’ on £28 billion green investment
Sir Keir Starmer has been urged not to backtrack on his plans to invest £28 billion in green projects, by Labour’s Greater Manchester mayor Andy Burnham.
OEUK report outlines North Sea clean energy skills potential
The North Sea's skilled oil and gas specialists must be retained to power the transition to clean energy, according to a report released by Offshore Energies UK (OEUK) today.
Energy giant TotalEnergies comes aboard Orkney subsea wave power project
Renewables for Subsea Power (RSP) in Orkney aims to use wave power to decarbonise oil and gas projects.
Urgent action needed to prevent UK’s energy sector being left in the cold, warns Vysus Group boss
Uncertainty over domestic energy policy and a failure to capitalise on Aberdeen and the wider UK’s potential are hindering the country's efforts to become a world-leader in the energy transition, Vysus Group CEO says.
Orbital Marine to help unlock Canadian tidal stream project
Orbital Marine Power is set to deploy its tidal stream device at a pioneering test facility in Canada’s Bay of Fundy.