Looney, Lifeboats and COP28
A big week before the Xmas break kicks in – and we begin with Bernard Looney’s remuneration package. He’s the third of four BP CEOs to resign in some form of scandal - can the supermajor break the curse?
A big week before the Xmas break kicks in – and we begin with Bernard Looney’s remuneration package. He’s the third of four BP CEOs to resign in some form of scandal - can the supermajor break the curse?
Equinor has agreed to acquire Shell's stake in Linnorm, the largest undeveloped gas discovery within the Norwegian continental shelf (NCS).
Credit ratings agency Fitch has downgraded its assessment of North Sea operator Petrofac (LON: PFC) to a 'B-' in the latest sign of financial trouble at the firm.
The European Union agreed on an overhaul of the bloc’s power market to accelerate the rollout of renewables and curb volatility in electricity prices during the energy transition.
The world’s largest banks are showing little or no progress when it comes to their promise to help the world avoid the worst consequences of global warming.
Unite signs third recognition deal with an offshore operator following prior agreements with TotalEnergies and CNOOC.
The Aberdeen-based fluid temperature control and separation solutions firm, OSSO, has seen a 40% growth in headcount in 2024.
OCI said in November it had hired advisers to explore asset monetization opportunities in an attempt to reduce its holding company discount. It said at the time it was in “active discussions” on “attractive value propositions.”
Petroineos to offer enhanced redundancy terms and above inflation pay rise for ‘jobs on a timer’
The aim is to move the company into a more sustainable financial position and get it off the list of companies in financial distress, known as Practice Note 17.
Developers of the Acorn CCS project have signed a deal with Uniper that could see emissions from a UK power station captured and shipped north for storage.
Storegga and Scottish Power's Cromarty hydrogen scheme is among the list of projects set to receive a guaranteed price for its output.
Covid and new technology could be reducing the number of people travelling offshore in the UK North Sea.
The Department of Mineral Resources and Energy (DMRE) approved the seismic on November 16. The plan also requires approval from the Department of Forestry, Fisheries and the Environment.
AR6 could be the ‘catch up auction’ for offshore wind projects after last round failed to attract bids.
Former BP CEO Bernard Looney will forfeit up to £32.4 million in earnings, the company has said, after he resigned in scandal earlier this year.
Al Jaber highlighted the importance of action, over rhetoric. “Let me sound a word of caution. An agreement is only as good as its implementation. We are what we do, not what we say.”
SeAH Wind has hailed its largest ever single contract award, with the firm now set to supply all monopiles for Vattenfall’s Norfolk Vanguard wind project.
Repsol handed the North Sea's largest-ever fine over emissions.
Wintershall DEA has firmed up its estimates at a pair of Norwegian discoveries following a fresh appraisal.
Neptune Energy has announced progress on the L10CCS carbon storage scheme off the Netherlands, with a final investment decision (FID) now targeted in 2025.
SSE Thermal will develop the scheme with Aberdeen-headquartered infrastructure firm Kellas Midstream.
There is “positive discrimination for the communities hosting the operations. At the peak it is expected that about 160,000 people will be employed. Out of these 14,000 persons will be directly employed in the oil and gas sector”, he said.
People who live near large new energy generating infrastructure should gain “community benefits” like the cash being proposed for residents near new pylons, the Scottish Government says.
Shell said the investment demonstrated its long-term commitment to the Gulf of Mexico.