A windfall tax, reportedly due to be announced today, risks “destabilising” a planned £200bn of investment in the UK energy system this decade, the industry trade body has warned.
Plans have been set out on creation of a “critical” and long-awaited skills passport to help oil and gas workers transition into renewables.
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.
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 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 (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.
In the last few months, gas’ role in the energy mix has been put under a microscope.
Equinor has appointed a former exec of Orsted and Copenhagen Offshore Partners as its new senior vice president of North Sea Renewables.
Oil giant Shell (LON: SHEL) has struck a £1.2 billion deal to acquire Indian renewables company Sprng Energy.
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, 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.
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.
Nicola Sturgeon has backed proposals for a “summit” to help break down the barriers faced by oil and gas workers moving into greener energy.
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.
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.
Crown Estate Scotland has confirmed that all 17 successful ScotWind applicants now have option agreements in place.
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.
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.
Aberdeen-based energy sector training provider AIS Survivex has appointed a new head of renewables for UK and Europe.
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.
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.
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 has struck a £3 billion deal to sell a 50% stake in Hornsea 2, soon to become the world’s largest offshore wind farm.
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.
Tidal energy giant Simec Atlantis Energy has successfully completed upgrade and maintenance work on the "world’s most powerful turbine".