Starmer to announce scaling back of £28 billion-a-year green pledge
Labour is set to abandon its policy of spending £28 billion a year on environmental projects in a major U-turn following months of uncertainty about the pledge.
Labour is set to abandon its policy of spending £28 billion a year on environmental projects in a major U-turn following months of uncertainty about the pledge.
Shelf Drilling has announced a revamped roster of executives and board appointments, with Greg O’Brien set to step up to chief executive later this year.
SSE has warned that supply chain issues and a shortage of vessels means the first phase of its Dogger Bank offshore wind development may not be fully completed until next year.
Oil supermajors returned more cash to shareholders than ever before last year as management teams reined in spending on new projects to free up cash for dividends and buybacks. There may be more to come.
Wave and tidal developers push for more strategic support to capture the full industrial potential of marine energy.
TotalEnergies’ chief executive Patrick Pouyanné told investors his firm was “the most profitable” major of 2023 while implementing his energy transition strategy.
Data and technology innovation will intersect at this year’s Subsea Expo.
The idea of using robot workers was once the work of science fiction, however, it is now commonplace in the North Sea through the use of remotely operated vehicles (ROVs).
We are now approaching the run-in to a General Election, possibly short and probably long. Either way, we will be heading for the polls later this year, clutching our photo identification.
Bristow helicopter crews have “overwhelmingly voted in favour of industrial action,” the British Airline Pilots’ Association (BALPA) has confirmed.
Unite has welcomed a new agreement with Equinor that sees recognition for dozens of its members working at the Mariner field.
OEG achieves "milestone" goal of even split in revenues between renewables and offshore oil and gas
Terminal operator EnQuest gave an update on its plans during an industry workshop in Shetland on Wednesday
“We will continue to drill … because everybody is excited. We have another exploration potential well on the south of Venus and we continue to appraise what has been discovered.”
Sulmara has signed a new agreement with Asso.subsea which will see the pair cooperate on global cable installation projects.
The Equinor CEO said he had regular discussions with turbine makers on improving costs. “I’m sure that in time offshore wind will be back with lowering the levelised cost of energy.”
Swedish officials said they have decided to close their investigation into the September 2022 explosions on the Nord Stream gas pipelines which were built to carry Russian natural gas to Germany, saying they do not have jurisdiction.
Norwegian oil and gas operator DNO (OSL:DNO) is expanding its UK North Sea portfolio, acquiring a 25% interest in the Arran field from Dutch firm ONE-Dyas.
Record revenue on the back of Seagreen work means major investments to attract more businesses.
Deltic Energy (AIM:DELT) has announced an agreement to farm-out a 25% interest in the Selene prospect to Dana Petroleum.
Vestas Wind Systems A/S (CPH:VWS) expects earnings to improve further this year after returning to profitability in 2023 as the Danish company turns the page on an industry-wide crisis that slowed the development of projects.
TotalEnergies SE (LON:TTE) raised its dividend and continued share buybacks, shrugging off a 31% drop in fourth-quarter earnings caused by weaker oil and gas prices and shrinking refining margins.
Shell Plc (LON:SHEL) is looking to sell part of its stake in a wind farm it built off the coast of the Netherlands as the company aims to drive more value for shareholders.
Woodside Energy Group Ltd. (ASX:WDS) and smaller rival Santos Ltd. (ASX:STO) ended talks over a potential merger that would have created an Australian gas export powerhouse after the companies failed to agree on a valuation.
Orsted A/S (CPH:ORSTED) will pause dividend payments until at least 2025 and slash plans to build new projects this decade as part of a wide array of cost-cutting measures outlined by chief executive officer Mads Nipper.