Apollo toasts offshore renewables innovation recognition in ‘watershed’ year
Aberdeen engineering consultancy Apollo is celebrating its innovation success in offshore renewables in a "watershed" year for the company.
green energy
Former UK minister Skidmore opens bank for clean-energy startups
Chris Skidmore, the former UK Conservative energy minister who quit over oil and gas drilling, has opened an investment bank to help fund green-energy startups.
UK signs trade pact with Texas in effort to boost green industry
The UK has signed a new trade pact with Texas, the second-largest state in the US, in an effort to boost cooperation in green energy, aerospace and advanced technologies.
Report finds nearly two thirds of UK energy firms consider moving investments abroad
UK Sustainable Investment and Finance Association report finds failure to implement favourable policies could see UK lose out on £115 billion in investment
Sunak plans roll back on green energy policies
UK Prime Minister Rishi Sunak said he would roll back some green energy policies while sustaining the country’s long-term carbon emission reduction target, a move that sparked a backlash among Tory MPs and created uncertainty for industry.
Powering the North Sea
The North Sea region is at a critical juncture in its pursuit of sustainable energy. With the impact of the energy crisis of 2022 still being felt, the offshore energy industry is faced with a challenge: how to build a cleaner, more resilient energy system that can withstand the challenges of the future. This challenge requires not only innovation and new solutions, but also a willingness to collaborate across traditional boundaries, and a shared commitment to driving the transition to a more sustainable future.
UK labels nuclear power ‘green’ to attract climate-friendly capital
Britain will classify nuclear power as “environmentally sustainable” as the government tries to attract billions of pounds of private capital to the sector.
UK green energy sector ‘in the balance’ with ‘multi-billion pound’ projects at risk
Westminster’s intervention in the electricity market risks “mothballing a series of multi-billion pound” green energy projects, a major investor has warned.
Decarbonising the power system: Can fusion be part of the answer?
Power generation accounts for approximately 30% of global greenhouse gas emissions, and carbon-emitting fossil fuels like coal and natural gas account for 61% of power generation. If the world is to meet the goal of net zero emissions, even as demand for power continues to rise, something has to give.
UK Govt to launch next green energy CfD round in March 2023
A new round of Contracts for Difference (CfD) will open in spring next year, the UK Government has confirmed.
Ukraine’s largest private energy firm on supplies, sanctions and planning for a green future
As one of the world’s largest exporters of oil and gas, Russia’s inhuman invasion of Ukraine was always going to spark a chain reaction within the industry.
Geothermal: it’s clean, renewable and ‘always on’
The energy crisis is deepening. There is little doubt that most economies around the world are facing a serious situation and, with recent reports suggesting one in four people in the UK will not switch their heating on this winter, that’s a chilling prospect for our population, particularly the elderly and vulnerable.
Why are energy bills higher in the UK than the rest of Europe? And what can be done about it?
Most of Europe has been brutally winded by the energy shortage currently plaguing the continent.
Mind the cap
Record-breaking commodity prices resulting in sky-high gas and electricity prices have prompted calls for fundamental market reform. The European Union (EU) announced in September 2022 that it is looking to impose historic interventions in the energy market to rein in soaring commodity prices, including considering a levy on excess profits and potential gas price caps.
Macquarie targets North Sea as the green energy hub of Europe
Macquarie Group is betting the North Sea - engine of the UK’s once-booming oil and gas industry - can be transformed into the green energy hub of Europe.
BP drafts in renewables heavy hitter to head up new offshore wind division
BP has made a number of senior appointments as it works to deliver its target of 20 gigawatts (GW) of developed renewables by 2025.
E&P Consulting branching out into renewables
An energy industry consultancy's diversification into renewables is expected to create new jobs in Aberdeen, London and other global locations.
Renewables giant Orsted reveals multibillion-pound plans for Scotland
Danish renewable energy giant Orsted plans to directly invest up to £12 billion in Scotland if it is successful with all five of its bids in the ScotWind offshore wind auction.
Developers celebrate ‘milestone’ after final turbine installed at Moray East
Developers of Scotland’s largest offshore wind farm are celebrating after the final turbine at the project was successfully installed.
Updated: Aker Offshore Wind promises ‘large early investment’ as part of planned 6GW north-east floating wind development
Ocean Winds (OW) and Aker Offshore Wind (AOW) have pledged to create thousands of high-skilled jobs in Scotland if they're given the green light to build what would be the UK’s largest floating offshore wind development off the north-east coast.
Nuclear industry calls for new sites on 65th birthday
Business leaders are calling on the Government to secure the future of the nuclear industry and support tens of thousands of jobs.
Thailand’s oil giant is going on a green spending spree
Thailand’s oil giant, whose sales account for about 10% of the nation’s economic output, is suddenly spending billions of dollars on electric-vehicle and renewable-energy companies and tilting its traditional businesses toward chemicals and plastics.
Renewable energy investment rose to a record in first half
Investors poured more money than ever into renewable energy in the first half of the year, but the pace is far from enough to sufficiently curb increasing carbon emissions.
Emissions could hit new record by 2023 without more green spending
Less than 15% of the $2.4 trillion in government spending to support the post-pandemic economic recovery has gone to investments in clean energy, according to the International Energy Agency.
Singapore prepares to swap its oil hub status for greener future
Royal Dutch Shell announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six decades, it marked a turning point in one of the most successful bets on fossil fuels in history.