The world’s biggest ESG fund class, which sits on roughly $5 trillion of client assets, has raised its exposure to the oil and gas sector by about two-thirds since stricter regulations were enforced 2 1/2 years ago.
The group in question also hit back, in turn accusing the company’s leadership of being “untrustworthy” over its decision to invest in an Italian gas project.
An uptick in strike prices leaves the offshore wind sector in a ‘good place’, according to supply chain experts – but challenges remain around investing in grid and infrastructure.
The proposed final agreement from the UN Cop28 Climate Summit in Dubai calls for the world to wean itself off planet-warming fossil fuels, but it stops short of calling for them to be phased out.
By Mark Wilson, HSE and operations director at Offshore Energies UK
The delivery of the energy transition will be one of the greatest engineering challenges and opportunities of our time. Failing to recruit, retain and attract the necessary capabilities and expertise into the industry will jeopardise the UK’s ability to meet its energy security and climate goals. Connected Competence must be part of that solution.
The Just Transition Commission claims that Scotland is not on track to deliver, and that “significant” further action is needed to support the workforce.
US Central Command reported the Strinda was attacked at 4 pm EST on December 11. It reported an anti-ship cruise missile struck the vessel while passing through Bab-el-Mandeb.
“We intend to continue our back-to-back drilling campaign over the remaining term of the contract by appraising the Jonker discovery and drilling at least one more exploration well.”
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.
The $10 billion of debt lined up for Occidental Petroleum Corp.’s (NYSE: OXY) takeover of Texas shale driller CrownRock LP is sizing up to be one of the largest bridge financing deals of the year — and a crucial test for the energy giant.
BP Plc (LON: BP) asked US energy regulators to intervene in its dispute with Venture Global LNG Inc. over liquefied natural gas cargoes, escalating a feud that’s roiled the market for the super-chilled fuel.
By Christine McGregor, Managing Director at BayWa r.e. UK
There is undoubtedly a worldwide transition towards renewable energy underway, with global additions of renewable power capacity expected to jump by a third this year.
“During the generator testing, numerous safety devices appear to have been deliberately overridden by Jadestone, including heat detectors, flame detectors, and smoke detectors,” the OA said. No alarms went off because of the overridden sensors.
A draft deal at the COP28 climate summit in Dubai called on countries to cut their consumption and production of fossil fuels as the hosts tried to craft a compromise less than 24 hours before the summit is due to end.