Don’t throw the baby out with the bathwater – caution urged amid net-zero push
UK oil and gas industry figures have stressed the need to protect indigenous hydrocarbon production amid the nation’s drive to net-zero.
energy transition
Looking through the fog of energy transition
This current “oil crash” is the 6th that has occurred since the start of the 1980s. Some were deeper, some were longer, but on average these events have occurred every 5 years one way or the other.
New taskforce aims to create two million green jobs
Business and union leaders have welcomed Government plans to create two million green jobs by 2030.
European majors expected to make ‘targeted’ renewables acquisitions in coming years
European oil and gas majors are expected to make “targeted acquisitions” over the next few years in order to gain further footholds in the renewables market, according to a new study.
Electrification of older platforms as complicated as ‘open heart surgery’, Shell chief says
Shell’s UK North Sea chief has said the task of engineering ageing oil platforms to run on green power would be as complicated as “open heart surgery”.
Former Scottish rugby player to tackle renewables for Global Energy Group
A former professional rugby player has been appointed to help Global Energy Group gain advantage in the renewables and energy transition market.
Eni and Hitecvision create new company for green energy projects in Norway
Eni and private equity firm Hitecvision have started up a new company aimed at developing new green energy projects in Norway.
RockRose founder Andrew Austin makes North Sea return with new company
Andrew Austin is making his North Sea return with a new investment company, aimed at buying up UK assets, after selling RockRose Energy.
Kick start energy transition projects now to save jobs and hit net-zero targets
Achieving net-zero carbon emissions by 2050 is an ambitious and deliverable goal, but on current trajectory it is unlikely to be realised without rapid acceleration of key energy transition projects.
Shell tweet hijacked by US congresswoman and environmental activists
An online survey organised by Shell has made the headlines for the wrong reasons after it was seized upon by environmental activists.
No change without the oil industry
In the UK and particularly in Scotland the oil and gas industry remains a major employer. It is also one of the very few providers of high value, high skilled jobs we have left and still offers a wide range of opportunities.
Rystad revises peak oil prediction, says demand wont return to pre-Covid levels until 2023
Global oil demand is expected to peak at just over 102 million barrels per day (bpd) by 2028, two years earlier than originally thought.
Leading industry body calls for Ofgem to ‘deliver, not delay, net zero’
Ofgem must help “deliver, not delay, net zero” in its final price control determinations, a leading industry body has warned.
Dwindling dividends could encourage oil and gas investors to favour renewables
Low prices and dwindling dividends could encourage more investors to move away from oil and gas in favour of renewables, according to a leading oil and gas lawyer.
Baker Hughes ‘intensely focussed on improving’ as firm stays deep in the red
Baker Hughes has said it remains “intensely focussed" on improving its "margin and return profile" as it stayed deep in the red in the third quarter.
Energy efficiency the ‘secret weapon’ in reducing emissions
Energy efficiency measures in buildings and industrial facilities are a key driver to accelerate the energy transition, but more investment and innovation is needed to speed up the pace of change.
Westwood Global appoints David Linden as its first Head of Energy Transition
Westwood Global Energy has appointed David Linden to its newly created role of Head of Energy Transition.
Four big takeaways from the IEA World Energy Outlook report
Once a year, the International Energy Agency attempts to impose some order on the chaotic world of oil, gas, power and carbon by publishing detailed scenarios on how the next few decades might unfold.
Total and Google create tool to ‘map’ solar potential of European homes
Total has teamed up with Google Cloud on a new tool that will ‘map’ the potential to use solar power on household roofs.
Energy transition offers lifeline to declining coastal communities
The harsh reality facing many coastal communities up and down the UK today gives a sad irony to the iconic music hall song “I Do Like to Be Beside the Seaside”.
Investors going ‘bargain hunting’ for BP and Shell shares
Investors are going “bargain hunting” for shares in Shell and BP after their stock values each hit 25-year lows.
US oil and gas majors lagging behind in energy transition according to Carbon Tracker
US oil and gas majors are lagging significantly behind their European counterparts in adapting to the energy transition, according to a new report.
Less than half of global green hydrogen pipeline to be operational by 2035 – Rystad
Biting costs mean less than half of the planned pipeline of green hydrogen projects globally is likely to be up and running by 2035, according to Rystad Energy.
BP CEO denies ‘greenwashing with a new brush’ by linking job cuts to energy transition
The CEO of BP has denied claims that linking job cuts to the energy transition is "greenwashing with a new brush".
Managing climate change risk for future resilience