Exclusive: Skills passport to ‘transform’ North Sea oil and gas workforce
Plans have been set out on creation of a “critical” and long-awaited skills passport to help oil and gas workers transition into renewables.
renewables
Labor victory in Australia will bring shift in climate policy
Australia’s new Labor government will accelerate efforts to tackle climate change, but climate policy will remain highly politicised, warns Verisk Maplecroft, a strategic risk intelligence company.
Risks rise for Thai power sector as PTTEP struggles with gas supply challenges, warns Fitch
Thailand’s state-backed upstream player PTT Exploration & Production (PTTEP) is facing significant gas supply challenges that pose further downside risks to the Southeast Asian nation’s gas power sector, warned Fitch Solutions.
Gas a ‘natural partner’ to renewables to cut emissions, says RISC
Gas coupled with renewable power is a natural partnership on the road to net zero and the pairing is already cutting emissions in many countries, according to global energy advisory company RISC.
Chevron and Pertamina team up for low carbon opportunities in Indonesia
Chevron (NYSE:CVX) and Pertamina will together explore potential business opportunities in geothermal, carbon capture utilisation and storage (CCUS), as well as hydrogen, in Indonesia, after signing an agreement in Washington.
As the cost of renewables has fallen rapidly, gas is no longer a viable bridging tool
In the last few months, gas’ role in the energy mix has been put under a microscope.
Equinor appoints new senior VP for North Sea Renewables
Equinor has appointed a former exec of Orsted and Copenhagen Offshore Partners as its new senior vice president of North Sea Renewables.
Shell snaps up Indian renewable energy company for £1.2bn
Oil giant Shell (LON: SHEL) has struck a £1.2 billion deal to acquire Indian renewables company Sprng Energy.
TotalEnergies to use oil cash to speed growth in LNG, renewables
French oil major TotalEnergies plans to use part of its cash bonanza generated from surging hydrocarbon prices to speed up investment in liquefied natural gas (LNG) projects and renewables.
JERA, world’s biggest LNG buyer, to build 1GW solar with new partner in Japan
JERA, the largest power generation company in Japan, producing about 30% of the nation’s electricity, is planning to develop at least 1 GW of solar power by end-2025, with new business partner West Holdings, a Japanese renewable energy engineering company.
Keppel, Sembcorp Marine complete merger deal to create world’s biggest oil rig builder
Sembcorp Marine has agreed to merge with Keppel Offshore & Marine in a deal that will create the world’s biggest builder of oil rigs and push the business further into renewables and alternative energy solutions. The pair are forming what could be one of the world’s largest offshore energy players worth $6.3 billion.
Sturgeon backs oil and gas summit to help workers into renewable energy
Nicola Sturgeon has backed proposals for a “summit” to help break down the barriers faced by oil and gas workers moving into greener energy.
Japan’s JERA and Summit Power eye decarbonisation in Bangladesh
JERA, the world’s largest buyer of liquefied natural gas (LNG), and Summit Power, Bangladesh’s largest independent power producer, are collaborating on a plan to decarbonise the South Asian nation’s power sector.
BlackRock and Mubadala buy stake in India’s Tata Power Renewables for $525m
A group of investors led by BlackRock Real Assets and Mubadala Investment Co. infused 40 billion rupees ($525 million) into the renewable energy unit of Tata Power Co., the Mumbai-based company said.
All 17 ScotWind winners green lit to move into development stage
Crown Estate Scotland has confirmed that all 17 successful ScotWind applicants now have option agreements in place.
Global energy spending will hit record over $2 trillion in 2022, says Rystad
Surging oil, gas, and power prices, together with the European Union (EU)’s goals of becoming less dependent on Russian supplies, and post-Covid-19 pandemic inflation, will catapult global energy spending this year to a record $2.1 trillion. Significantly, similar levels of spending have not been seen since 2014, Rystad Energy research shows.
Mitsui to invest in $1.35bn renewable energy project in India
Japan’s Mitsui has agreed to make an investment in a large-scale 1.3GW renewable energy project that India’s ReNew Power is developing.
Training provider AIS Survivex appoints new head of renewables
Aberdeen-based energy sector training provider AIS Survivex has appointed a new head of renewables for UK and Europe.
Repsol Sinopec at investment ‘turning point’ for decommissioning and energy transition
Jose Luis Muñoz talks to Energy Voice on Repsol Sinopec Resources UK ramping up decommissioning, the challenges of “chronic underinvestment” in the sector, and the firm’s $1 billion near-term plan for North Sea projects.
Energy hierarchy? Security of supply is coming out on top
I recently heard a BBC Scotland reporter state, almost as a throw-away “fact” about energy problems arising from the Ukraine war, that Scotland is, of course, unaffected because we produce more power than we consume.
Indonesia needs $25bn for green hydrogen
The Indonesian government estimates that Southeast Asia’s largest economy will need investments of up to $25.2 billion to develop green hydrogen from 2031 to 2060. Significantly, state-backed Pertamina is looking to invest some $11 billion to help accelerate the clean energy transition, including hydrogen developments, over the next five years.
Orsted strikes £3 billion sale of 50% of world’s largest wind farm Hornsea 2
Orsted has struck a £3 billion deal to sell a 50% stake in Hornsea 2, soon to become the world’s largest offshore wind farm.
Pertamina plans five year $11bn spend for renewables, eyes energy transition
Indonesia’s national energy company Pertamina plans to spend up to $11 billion over 2022-2026 to help develop its renewables business as the company seeks to accelerate the energy transition.
Simec Atlantis successfully redeploys ‘world’s most powerful tidal turbine’ in Scottish waters
Tidal energy giant Simec Atlantis Energy has successfully completed upgrade and maintenance work on the "world’s most powerful turbine".
‘Cambo has to go ahead’: Industry debates as Shell reconsiders oilfield exit
Industry leaders have been debating as news emerges that Shell is reconsidering its exit of the Cambo oilfield.