BP untangles itself from Equinor on NY offshore wind projects
BP (LON: BP) and Equinor ASA are parting ways in the US offshore wind market.
BP (LON: BP) and Equinor ASA are parting ways in the US offshore wind market.
“The reason we wanted to stay in is in the southern part of the block.” The operator is acquiring 3D seismic on the area, he said, backing up existing 2D seismic.
Harbour will emerge with “stronger credit, we expect to reach investment grade credit on completion, which will give us access to lower-cost capital for future growth”.
Scottish Enterprise’s David Rennie said the news had given him a “shiver”.
Orsted A/S (CPH:ORSTED) agreed to buy out its joint venture partner in a New York offshore wind farm after abandoning two New Jersey projects last year and taking $4 billion in impairment charges.
Singapore wind vessel operator, Cyan Renewables, has announced its acquisition of a 75% stake in Aberdeen’s Sentinel Marine.
Forth Ports says its vision to use both sides of the Firth of Forth to store, assemble and commission floating wind turbines could see more than £100 million invested at the site.
The European Union estimates it will need to more than double its electricity generation by the middle of the century and boost renewables to reach its ambitious goal of climate neutrality.
Britain's leading oil and gas producer will focus its Granite City footprint on Prime Four.
North Sea Midstream Partners (NSMP), a significant owner of the UK’s offshore energy infrastructure, has named Angela Fletcher as its new chief commercial officer (CCO).
Angola's bold move could be the harbinger of a more dynamic global order, where size does not dictate influence or relevance.
SBM Offshore has announced that its chief executive for 12 years, Bruno Chabas, has decided not to seek a 4th mandate at the end of his current term on 12th April 2024.
“We are making ongoing evaluations to determine the exact size of these fields and continuously improve our estimates to determine commerciality.”
Carbon Tracker says oil and gas cashflows are at major risk of plummeting demand, though industry leaders say North sea firms are integral to energy transition delivery
This is the second time in recent months when a Scottish floating wind project has gone overseas for repairs.
Tax incentives associated with the Energy Profits Levy may have encouraged Shell to move its Victory plans forward.
Humza Yousaf announces three projects will move to second stage of offshore wind Strategic Investment Model.
“We have cut all non-essential activity and significantly reduced spend, while developing a new source of income through domestic sales,” said Weir.
Shares in equipment manufacturer Siemens Energy (XETR: ENR) have climbed nearly 15% as a Q1 results announcement showed signs of recovery from a major wind turbine crisis.
It comes amid growing calls for a joined-up approach to capture the work for huge projects off Scotland's shores.
Scottish Renewables looks to bring government and industry together at a major offshore wind conference in Glasgow this week, with finance and consenting high on the agenda.
Oilfield services giants Halliburton, SLB and Baker Hughes have posted bumper profits in their respective full-year results, with international demand playing a key role.
Demand for offshore wind is there - so how we can ensure that all Scottish businesses benefit from the energy transition opportunity now and in the future? Jamie Sansom, team lead of offshore wind at Scottish Enterprise, discusses this important question.
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.
Laura Jarvie will lead a growing team from new offices at Neo House on Aberdeen’s Riverside Drive.