Interview: Ithaca Energy on fresh hunt for Cambo partner
Ithaca Energy CEO Alan Bruce discusses the farm-out, work on the Cambo FID and why the UK should be a bit more Norway. . .
Daily
The danger and the tool: decarbonising gas and LNG
By creating and offering a full suite of carbon management solutions, major gas producers and exporters can create demand without fears of “locking-in” emissions or building “stranded assets”.
Confirmed: BP CEO Bernard Looney resigns over ‘personal relationships’ with colleagues
BP (LON: BP) has confirmed its CEO Bernard Looney has resigned after an investigation into his “conduct in respect of personal relationships with company colleagues” and misleading the board.
Chevron buys into world’s biggest hydrogen-storage plant in Utah
Chevron (NYSE:CVX) will become majority owner of what’s expected to be the world’s largest hydrogen production and storage facility as the oil giant invests in tech aimed at addressing the intermittency that plagues wind and solar power.
GE Vernova wins work on £2.5bn East Coast grid link
Grid operators have picked GE Vernova and Mytilineos Energy & Metals to help deliver infrastructure for a £2.5bn subsea cable linking the Central Belt and north east England.
UK government approves BP Murlach oil and gas field
Government and regulators have signed off on BP (LON: BP) plans for the Murlach oil and gas redevelopment in the North Sea.
Scottish SpaceTech scaleup Krucial secures $3.7 million funding to accelerate growth
Scottish scaleup Krucial, which utilises space technology to provide digital solutions, has secured further funding of more than $3.7 million as it continues to expand into international markets.
F4OR to support firms in highlands and islands to break into offshore renewables
Businesses across Caithness, Sutherland and Orkney have the chance to enter a development programme to set them up for work in offshore renewable energy.
Bridges and Bottlenecks 01: Net zero targets and the impact of climate change
Bridges and Bottlenecks is the latest podcast series by Energy Voice Out Loud in partnership with DNV. Each episode looks to address the hard-hitting issues within the energy transition. Technology exists that will be the bridge to take us there, but there are still a number of bottlenecks that stand in the way of progress.
Woodside launches CCS study with Japanese industry
Woodside Energy is to explore options for potential carbon capture and storage (CCS) routes with a trio of Japanese industrial giants.
Conrad lines up Sembcorp Gas for Mako gas offtake
The companies have agreed to aim to reach a definitive agreement by the end of December. If agreed, this would trigger a final investment decision (FID) on Mako.
Energy firms eschew reinvestment in favour of returns
A new report finds oil and gas firms are redeploying less capital than in previous years, in favour of upping returns to shareholders.
Shell completes exit of Cambo oilfield as Ithaca Energy buys out stake
Ithaca Energy (LON: ITH) will buy out Shell’s (LON: SHEL) stake in the Cambo oilfield, becoming the 100% owner of the West of Shetland project.
Hedge fund boss slams hydrogen bets as ‘complete waste of time’
Hydrogen is a losing bet for investors interested in making money in the foreseeable future, according to Barry Norris, the founder and chief investment officer of UK hedge fund Argonaut Capital Partners.
The clock is ticking …
According to the United Nations’ World Meteorological Organization, July 2023 was the hottest month on record, affecting millions of people around the world, writes Paul de Leeuw.
Decom Mission launches major survey for industry ‘snapshot’
A new survey is being launched by decommissioning trade body Decom Mission to deliver a ‘snapshot’ of industry sentiment.
Discover your pathway at Robert Gordon’s College
Renowned for its stimulating environment and high academic achievements, Robert Gordon’s College is also recognised for its ethos of being a caring, inclusive and respectful community where children are encouraged to discover and explore the largest range of subjects and co-curricular programmes in the north-east of Scotland. This helps children find their niche and build a lifelong love for learning, whilst living in a progressive region supporting new opportunities in energy, med-tech and digital. Together, this inspires pupils to be curious about careers of the future.
Carbon capture: Today’s electrification drive and tomorrow’s net zero goals can work in harmony
In 2019, the United Kingdom took a pioneering step by enacting legislation for achieving net zero emissions by 2050, establishing itself as a global leader in climate policy.
Up to 95,000 UK energy jobs at risk without investment, warns landmark report
A new report from Aberdeen’s Robert Gordon University has warned that up to 95,00 offshore energy jobs in the UK could be at risk if investment does not “increase significantly”.
UK government formally approves new North Sea oil project
The UK Government has formally approved the Affleck redevelopment - a new oil project in the North Sea.
Video: Ukraine special forces reclaim offshore Boika Towers
“The platforms command valuable hydrocarbon resources. However, like Snake Island to the west, they can also be used as forward deployment bases, helicopter landing sites, and to position long-range missile systems,” the MoD said.
Analysts revise Ithaca outlook over ‘lack of progress’ on Cambo
Analysts have revised their forecasts for Ithaca Energy following a string of cancelled investments and slow going on the development of major projects like Cambo.
Ghana president commissions Tullow’s Jubilee extension
“This triumph augments our confidence in other prospects across the nation,” he said. He singled out the potential of further investments in Tullow’s TEN project.
Adnoc L&S adds eight jack-up barges
The ZMI CEO said the company was ready to "expand our operations across Asia and explore new markets”.
McDermott kicks off major financial restructuring
Oil and gas contractor McDermott has started a restructuring package amid concerns over its financial health.