Malaysian national oil company (NOC) Petronas reported that profit after tax more than doubled year-on-year to MYR 9.3 billion ($2.26 billion) for the first quarter of 2021 on the back of recovering commodities prices and lower costs.
Proposed new regulations signal that the Indonesian government appears to have recognised the importance of supporting carbon capture and storage (CCS) schemes. Such regulations will be crucial to encourage major companies, such as BP and Repsol, to invest in significant new upstream production in Indonesia.
Total has officially changed its name to TotalEnergies as part of efforts to reflect its net zero ambitions.
Denmark-based renewable energy developer Ørsted and South Korean conglomerate POSCO have signed a memorandum of understanding to expand their relationship as the North Asian nation seeks to significantly boost its offshore wind capacity.
Japanese upstream player Inpex will provide A$1.5 million ($1.162 million) in research funding to Future Energy Exports Cooperative Research Centre (FEnEx CRC) to help develop new technologies that will lower the cost and carbon emissions of energy production in Australia.
Development agency Scottish Enterprise (SE) has announced it will spend £400 million in the next year safeguarding and creating employment.
CCS and offshore wind, a pair of key decarbonising technologies, are in “competition for space” in the North Sea causing a regulatory headache, according to an industry leader.
A landmark International Energy Agency (IEA) roadmap says no new oil and gas fields should be developed – beyond those already sanctioned -- if the global energy sector is to achieve net-zero emissions by mid-century.
Germany plans to pull forward its transition to climate neutrality by five years to 2045, responding to a legal rebuke that its current goals violate the rights of young people and children.
The UK government has announced that UK carbon emissions are to be cut by 78% by 2035. Achieving this requires businesses of all sizes to make substantial changes in reducing their emissions and offsetting what cannot practicably be reduced.
North Sea operator Lundin energy has traded the world’s first ever certified, carbon neutrally produced oil.
Scottish Engineering (SE) is today launching a net-zero skills support programme for the sector in Scotland.
The Scottish Government should create a “skills guarantee” to help workers make the leap from oil and gas to low-carbon sectors, an independent group of experts has advised.
Energy giant Total said today that a report into its climate commitments contained “numerous inaccuracies and falsehoods”.
The Government's legally-binding target to get to net-zero emissions by 2050 will be missed without urgent action to "decarbonise" the UK's housing stock, MPs have warned.
From heat pumps to electric vehicles (EVs), recent months have seen a flurry of pledges from the government geared towards decarbonisation of the energy system. The latest came in the Chancellor’s Budget, which included increases in spend on energy innovation and high-tech projects and prototypes. While this level of ambition is welcome, the reality is that even if the entire UK population shifted to electric heating and EVs, our outdated energy networks could not meet this new level of demand for electricity. If the UK is serious about speeding up the decarbonisation of transportation and domestic energy use, the digitisation of networks should be at the top of the to-do list.
A ban on future exploration licences would “undermine the fragile confidence” within the oil and gas sector, an industry expert has warned.
UK ministers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that could hit jobs and the Scottish economy, the Telegraph reported.
Total and Microsoft have formed a strategic partnership to further digital transformation and support progress toward net zero emissions.
Sojitz, a major Japanese trading house, has announced it will accelerate its exit from thermal coal by halving its investments in projects by 2025 and eliminating them entirely by 2030.
BP abandoned three oil projects in Kazakhstan after it changed strategy to concentrate on renewable energy and its existing ventures.
Thinking back to her early days as an engineer from Peterhead, Dawn Summers feels a “heavy obligation” to help bolster diversity and inclusion in oil and gas, particularly with young women.
Shell North Sea boss Steve Phimister is moving into a new role as part of a change of UK senior leadership.
An innovative accelerator programme that aims to help support Scotland’s journey to net zero is on the lookout for SMEs to be part of its next cohort.
Shell has launched a new “accelerated” strategy to get to net zero, and confirmed that oil production peaked for the company in 2019.