NZTC TechX start-ups graduate with £740k equity raise
A dozen cleantech start-ups have graduated from a four-month TechX accelerator programme, raising hundreds of thousands of pounds of equity to spur growth.
Westminster ‘swerves’ recommendation for interim hydrogen targets
Having warned the UK government over its “lacking” progress on hydrogen, the Scottish Affairs Committee again pressed the need for interim production targets out to 2030 and 2050.
North Star names first hybrid wind vessel bound for Dogger Bank
The first of new fleet of North Star offshore wind vessels built to service Equinor’s Dogger Bank project has been named at a ceremony in Port of Tyne.
‘A real commitment to Scotland’: Leith works lay path for BP’s Morven wind project
Morven is a 2.9GW ScotWind project set to be built in the E1 lease area, around 40 miles off the coast of Aberdeen.
Hydrogen: Nine projects to watch out for in north-east Scotland
North and north-east Scotland aim to be at the centre of the emerging hydrogen economy – but where will all those low-carbon energy supplies come from?
Expanding horizons: 5 top tips in international contracting
A review of the recent Energy Transition Survey Report by AGCC, KPMG and ETZ finds that sector confidence in the UKCS has dropped sharply, falling from +36 last April to -37 now. At the same time, confidence “remains high in terms of international work” and has even risen slightly since September 2022.
BNP Paribas exits bond arranging for new oil, gas ventures
BNP Paribas will no longer help arrange bond deals if the issuer intends to use the proceeds to finance new fossil-fuel exploration and production.
Summit drives forward Bacton hydrogen project after North Sea upstream exit
Following the sale of the bulk of its North Sea assets to Ithaca Energy, Summit has embarked on a new hydrogen-focused joint venture with Progressive Energy.
Ofgem handed net-zero mandate – What will change?
It's hoped the policy will see a greater focus on value and investment - rather than lower costs - for crucial grid connections.
Exxon CEO tells Europe to follow US approach to climate action
European leaders looking to tackle climate change should look to US policy and “let the market work” to avoid driving companies away with prescriptive regulations, Exxon Mobil chief executive officer Darren Woods said.
MethaneSAT: Satellite will track oil and gas emissions from orbit
As oil and gas operators try to tackle emissions on the ground, MethaneSAT aims to locate and quantify them from orbit – with data published for all to see.
Looking for a connection: Will the North Sea hit its 2030 emissions target?
Despite the ups and downs of the energy transition, it’s likely North Sea oil and gas production will be with us even in a net-zero 2050.
Update: Labour would ‘honour’ Rosebank approval, confirms Sarwar
Scottish Labour leader Anas Sarwar says the party would honour any new oil and gas licences granted in the near future, including for the controversial Rosebank field.
SSE fined £9.8m over ‘excessive’ grid payments to Foyers
Ofgem has issued a fine of nearly £10 million to SSE Generation after an investigation found it solicited ‘excessive’ payments for reducing output from its Foyers hydro scheme.
Energy industry expert joins fast-growing Gilson Gray in Aberdeen
North Sea energy lawyer Findlay Anderson has joined Gilson Gray as a partner in Aberdeen.
Waldorf: Windfall taxes, decom uncertainties made TAQA, Dana asset deal ‘impossible’
Waldorf Production has blamed the Netherlands’ solidarity tax and uncertainty over decommissioning commitments for aborting its planned acquisition of TAQA and Dana assets.
Mental health and the offshore energy industry
The IADC's North Sea Chapter has recently published a white paper calling for an urgent new approach to mental health in the North Sea.
Emissions challenge is a big opportunity for the UK and its energy communities
Decarbonisation is one of the biggest challenges of our time, and for the UK offshore energy sector, reducing emissions is also one of the biggest opportunities for growth.
Heerema completes last major lift at Schooner field
Norwegian group DNO reports that its North Sea decommissioning works are now drawing to a close, following the removal of the jacket and topsides at the Schooner field.
North Sea FPSO offline after critical equipment failure
Bumi Armada confirmed that production at the Kraken FPSO has been shut in following a hydraulic pump failure.
Woodside confirms death of worker at Australia’s largest oil and gas project
An offshore worker has died at the North Rankin Complex (NRC) off Western Australia, operator Woodside confirmed on Friday.
ESO takes urgent measures to speed up grid connections
Slow developers will be ejected or moved to the back of the queue as sweeping new reforms are proposed to speed up the connection of renewables projects to the grid.
Oil ‘globules’ found on some beaches in Western Isles
The public has been urged to avoid areas of beaches affected by small oil globules in the Western Isles.
Project Pathfinder: Where are the new projects in the North Sea?
June update: Shell goes for Victory, along with notices from Scottish Power, Perenco, IOG, Repsol Sinopec and Taqa across oil and gas and offshore wind.
SSE hits 100th turbine milestone at Seagreen
Construction of the Seagreen wind project is nearing completion, passing the century mark this week.