Highlands cable factory: Sumitomo won’t build without £24.5m government grant
Lack of government grant would put £350m cable factory from Sumitomo in doubt, says report.
Daily
ABZ Business Park – your best business connection yet
ABZ Business Park has announced immediate availability of a suite of modern, high- quality business units in its prime location adjacent to Aberdeen International Airport.
Shell pushes on with CCS in Southern North Sea transformation
It comes weeks after the firm received final bids for its SNS gas fields, and after exiting the Northern Endurance carbon capture and storage project.
North Sea workers end trade dispute after securing £9,000 pay rise
Dozens of North Sea oil and gas workers have ceased a long-running union dispute after securing a pay rise of up to £9,000 each.
BW Offshore finally closes Abo FPSO sale
BW Offshore has struck a bareboat charter with STAC for two months maximum. After that time, STAC will take full responsibility for the FPSO.
Nescol sees multi-million-pound investment for Energy Transition Skills Hub
North-East Scotland College (Nescol) is receiving millions of pounds in private and government investment to help people into energy transition jobs.
Equinor announces £300m plan to develop Norway’s Eirin gas field
Equinor has submitted a £300 million plan to the Norwegian government to develop the Eirin gas field.
SBM, MHI team up on carbon capture for FPSOs
“The technology, which we are now able to offer clients, is an essential solution to substantially reduce the carbon footprint of our FPSOs."
Shell kicks off drilling at Jackdaw field
Shell (LON: SHEL) has commenced drilling at its 100% owned Jackdaw field in the Central North Sea with the Valaris 122 jack-up rig.
NSTA confirms 14 companies accept licences in first CO2 storage round
The North Sea Transition Authority (NSTA) has confirmed the final list of companies which have accepted licences following the UK’s first ever carbon storage licensing round.
Major expansion for Acorn CCS in Aberdeenshire with new carbon storage licences
The Acorn CCS project in Aberdeenshire is to expand after being awarded fresh carbon storage licences in the North Sea.
Turbine trips and loading woes, Chevron faces Australian union pressure
The Offshore Alliance has refused to provide advance warning to Chevron of strike action.
Europe gas prices set to drop on mild start to winter
Europe could soon be awash with gas as another mild start to winter delays heating demand.
Oil giants to explore projects with Brazilian green energy group
TotalEnergies, Casa dos Ventos Holding and Petrobras have signed an agreement to explore opportunities in renewable energy and low-carbon hydrogen in Brazil.
EDF hails ‘summer of storage’ as over 200MW of UK capacity approved
EDF Renewables UK has been awarded planning approval for three new battery sites across the UK, amounting to more than 200MW of capacity.
The Fateful Eight: Can the North Sea reach its 2030 electrification target?
Expectations for North Sea platform electrification are high - but with the clock ticking, questions persist over the cost and feasibility of plugging in aging assets.
What is Carbon Capture Utilisation and Storage?
One area of the energy sector that everyone will be looking at following today’s budget is carbon capture utilisation and storage, however, what does that mean?
Policy framework and financial backing needed for CCS in the EU
CCS remains pivotal for sectors like cement and steel, which are harder to decarbonise.
Total in talks to invest in Adani Green’s projects, sources say
TotalEnergies is in talks to invest in renewable energy projects developed by Adani Green Energy, people familiar with the matter said, potentially marking the first public deal between the French oil giant and Gautam Adani since a short-seller leveled fraud allegations against the Indian billionaire’s business empire.
BP CEO Search Includes External Candidates as Hunt Begins
BP Plc is looking both internally and externally for a new chief executive officer to replace Bernard Looney, who left his post abruptly after failing to fully disclose relationships with colleagues.
UK Government backs Port of Aberdeen’s multi-million-pound shore power project
The Department for Transport funding will deliver a seven-figure sum for making the Granite City's harbours greener.
Norway to assess opening three new offshore wind zones for tender in 2025
The Norwegian government has announced plans to assess the opening of three new offshore wind areas which could be available for tender from 2025.
Aberdeen-based EnerMech announces leader for New Zealand expansion
Aberdeen-based services company EnerMech has appointed Rhys Humphries to lead its expansion into New Zealand.
Transocean books ultra-deepwater rig for Brazil work
As a result of the acquisition, Transocean will own eight of the world’s ultra-deepwater drillships. The Deepwater Aquila can operate in water depths of up to 12,000 feet (3,657 metres).
Unite ballots around 750 UK oil refinery workers for strike action
Unite the Union is balloting hundreds of engineering staff for strike action at the Grangemouth and Fawley Esso oil refineries as part of a pay dispute.