Aker Solutions, SLB, Subsea7 JV clears all regulatory hurdles
A planned joint venture - between three of the energy services sectors biggest players -has been cleared by all regulatory bodies.
Daily
BP considers building two UK wind farms without any subsidies
BP (LON: BP) is considering building two offshore wind farms in the Irish Sea without any support from the government — marking a first for the sector where development has been hindered by rising costs.
New strategy and sales director for Ponticelli UK
Energy services firm Ponticelli UK has unveiled its new strategy and sales director.
Siemens Energy sees €4.5bn hit as wind losses widen
Siemens Energy launched a strategic review of its wind power business as problems with its turbines are expected to cause a €4.5 billion ($5 billion) net loss in one of industrial Germany’s biggest debacles.
Getech repurposes its Globe platform to find natural hydrogen
Hydrogen and geo-energy group Getech has announced a new technology that allows users to predict the location of natural hydrogen deposits.
Trade body working to find ‘sustainable approach’ to North Sea helicopter contracts
As Offshore Helicopter Services announces job cuts trade body, Offshore Energies UK, says it encourages firms to "adopt a sustainable approach" to aviation contracts.
Employment expert warns success of UK energy ambition ‘hinges’ on IR35 overhaul
Issues around IR35 rules have reared their head again after the Prime Minister unveiled his extensive plans for reinforcing the UK’s energy security.
Ardersier is just the start: Why US private equity is splashing £300m in the Scottish Highlands
Haventus is eyeing expansion in the UK, Europe and elsewhere, using Ardersier as a template.
Wood introduces digital maintenance tool to unlock capacity to deliver more efficiently and effectively
Asset operators across the globe are faced with the dual challenge to increase production of critical resources whilst under pressure to decarbonise, digitalise and reduce operating costs.
SNP urged to hand over promised £80m for north-east carbon capture
The Scottish Government is being urged to hand over £80 million of funding promised for carbon capture technology in the north-east.
Siemens Energy Reviews Wind Business on Seeing €4.5 Billion Loss
Siemens Energy AG is scrutinizing its wind business for a strategic reset after heavy costs related to ongoing problems with turbines roughly quadrupled the company’s expected annual loss to €4.5 billion ($5 billion).
Adnoc makes first major global gas deal with Azeri buy
The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets.
Russia expects $11bn energy windfall in 2023 despite cap
Russia expects to get a huge inflow of energy revenue by the end of this year despite an oil price cap imposed by Group of Seven nations, and may channel it toward spending as the government continues to pour resources into the war in Ukraine.
Winser report calls for overhaul of Scottish consenting system
A major report into the UK’s electricity infrastructure calls for ‘vital’ reforms to consenting in Scotland to ensure enough transmission can be built to accommodate new wind generation.
OPEC+ panel stays the course as Saudis extend oil supply cuts
OPEC+ signaled it will stay the course as group leader Saudi Arabia extends a production cut aimed at shoring up global oil markets.
‘Brief respite’ for IOG as waiver deal staves off administration fears
Bondholders of troubled gas producer IOG (AIM:IOG) have granted the company more time to address challenges with its balance sheet.
Surveys begin at Kishorn with view to ‘major upgrade’ of Wester Ross port
Survey works are underway at Kishorn Port ahead of a planned “major upgrade” of the historic Wester Ross facility.
Winser Report: UK can build new power lines in half the time, top adviser says
Electricity transmission line construction can be cut to 7 years from 14 years, says Nick Winser in his report delivered Friday.
MPs voice opposition to Rosebank approval
Dozens of MPs have voiced opposition to approval of the Rosebank oilfield in a letter to the UK Government.
Caledonia wind survey reveals new insight on Royal Navy wreck
Developers of the Caledonia wind farm in the Moray Firth have shared a new look at a Royal Navy wreck found during surveys of the site.
Shell exec downplays importance of new North Sea licences on energy security
A top economist at oil giant Shell (LON: SHEL) has cast doubt on the value of Westminster’s move to dish out scores of fresh exploration licences.
David Whitehouse: The UK can be a net zero hero
Making the most of the UK's resources is the best pathway to energy security and net zero.
Taking stock after a historic week for the north-east’s energy sector
The UK Government’s energy announcements this week have big implications for all parts of the sector and the drive towards Net Zero.
Scot Gov minister ‘doesn’t share’ Greens hostility to BP role in Aberdeen hydrogen hub
A top Scottish Government figure has backed energy giant BP’s (LON: BP) involvement in a project to develop a hydrogen hub in Aberdeen.
Raising the bar in asset protection reaps rewards for leading corrosion software and inspection specialist
A leading innovation which raises the bar in protecting assets has boosted the coffers of a corrosion software and inspection specialist company to the tune of £1.5 million since the beginning of the year.