Scotland ‘well-placed’ to lead on tidal, but ‘explicit’ targets needed, report finds
We've taken a closer look at some of the projects that are putting Scotland's tidal energy sector on the map.
Daily
Q2 oil and gas contract values rise on Qatari LNG work
New data shows the oil and gas industry’s contract value saw a “significant” rise Q2 2023, mainly driven by work on Qatar's North Field South (NFS) project.
OPINION: Getting Back to the Energy Trilemma
We’ve all struggled with a dilemma at some point, writes Sanjoy Sen
Exxon awarded $77 million in claim against Venezuela
The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude projects in 2007.
Aberdeen headquartered Asco acquired by private equity firm
Aberdeen-headquartered logistics group ASCO has been bought over by the UK-based private equity firm, Endless LLP.
Saipem books $700m work with BP, Eni Congo
Saipem has announced the award of two major contracts for offshore work in Congo and the Gulf of Mexico worth a combined $700 million.
Germany’s TenneT purchase delayed due to Dutch political turmoil
Germany’s buyout of its biggest power grid operator from the Dutch state is likely to be postponed until next year following the collapse last month of the Netherlands government and with little prospect of a new administration anytime soon.
Natural gas workers urge quick end to Australia strike threat
Workers threatening strikes at Chevron Corp. and Woodside Energy Group liquefied natural gas operations in Australia have urged the firms to quickly resolve disputes and avoid any costly disruption to exports.
Jadestone FPSO remains shut-in after ‘small defect’ found
Jadestone Energy said it has located a ‘small defect’ between water and oil tanks on board its Montara Venture FPSO, which will remain shut in while repairs are made.
Scottish Renewables urges governments to tell public why grid changes are needed
The trade body, Scottish Renewables has urged the UK and Scottish governments to explain to the public why a "once-in-a-generation electricity network expansion" is needed.
Scaling green hydrogen to meet growing demand
In recent months, there has been a surge in major green hydrogen projects announced worldwide. They include Saudi Arabia's $8.4bn, NEOM Green Hydrogen Company investment and Lhyfe's plans for a 70-megawatt hydrogen plant in Perl, Germany.
The UK’s supply chain presents an enormous opportunity – we must grasp it to support jobs and economic growth
As we build this future, there is no simple choice between oil and gas on the one hand and renewables in the other, writes Katy Heidenreich.
Hydrogen panacea claims are hollow
The manner in which hydrogen is touted as a miracle fuel of the future, you would be forgiven for thinking that it has an immaculate set of credentials, including environmental.
Streamlined supply chain management with COMET
STC INSISO, a leading provider of risk control and assurance software and services, has announced the launch of its latest COMET suite product, COMET Supply Chain, previously known as Vendorse.
Decommissioning and renewables work spurs on Ace Winches to huge jump in sales
One of the north-east's best -known businesses, Ace Winches, has reported an "outstanding" financial performance.
Should the UK set an end date for North Sea licences?
Rishi Sunak has confirmed that he will grant hundreds of new North Sea licences as part of an ongoing exploration round, however, is this the right move for the UK and the environment?
Scottish National Investment Bank stepping in to support supply chain as private sector goes cold
By displaying “best in class” lending, the Scottish National Investment Bank is hoping to reverse the flight of private capital from the energy sector.
Effective supply chains fundamental to just transition
Just a few weeks ago, the UK’s Energy Transitions Commission stated: “Rapidly scaling sustainable, diversified, and resilient clean energy supply chains is key to achieving net-zero targets on-time and at as low a cost as possible”.
Tory MP failed to declare Shell shares while environment secretary
A Conservative MP failed to declare that she held shares valued at more than £70,000 in Shell (LON: SHEL) while she was environment secretary.
Tullow Sells of its stake in Orinduik licence to Eco
Tullow Oil has announced the sale of its total interest in Tullow Guyana B.V. which includes its 60% operated stake in the Orinduik licence.
Heriot Watt launches ‘pioneering’ Energy Transition MSc
Heriot-Watt University is launching a new Master of Science degree to provide support the “increasingly urgent” work of energy transition.
SBM Offshore profit slides despite ‘record-level’ orderbook
SBM Offshore reported a slump in profits for the first half of the year, missing estimates and falling below 2022 levels.
Saipem bags $1bn contract for Libya’s Bouri field
Saipem has secured a major contract for engineering and commissioning work on a new gas module for Libya’s Bouri field.
Scores of unexploded wartime bombs found in Moray Firth
More than 70 undetonated wartime explosives have been made safe at the Moray West offshore wind farm being built 14 miles off the coast of Caithness.
RWE sees climate goals at risk as global wind power in crisis
Progress on protecting the climate could be at stake if the difficulties facing the offshore wind industry persist, RWE's head Markus Krebber said.