One of The Netherlands’ largest pension funds said it will continue to invest in nine oil and gas companies — including Shell and BP — while dropping dozens of others.
As policymakers in Dubai search for consensus on tackling climate change, the scale of the challenge is evident in the stormy waters of the North Sea, where Norway is opening another gas field.
Scottish energy minister Gillian Martin officially opened a new Edinburgh HQ for floating wind venture partners Bluefloat Energy and Renantis.
Waldorf Production dismissed suggestions the company is for sale, outlining a rise in production and cash flow amid an ‘improving’ outlook for North Sea M&A.
Ithaca Energy has completed its acquisition of Shell’s remaining 30% stake in the Cambo field, as it now looks to bring in a new venture partner ahead of investment sanction.
Pict Offshore has partnered with Maersk Training to help instruct workers in the use of its Get Up Safe (GUS) transfer system at US offshore wind farms.
Synera Renewable Energy Group, a Taiwan-based offshore wind developer, is in talks over potential deals across Asia as it seeks to diversify beyond its home market.
BP has agreed to acquire the remaining majority interest in Lightsource BP, the solar and battery storage developer it bought into in 2017.
Occidental Petroleum is in talks to buy shale driller CrownRock LP, according to the Wall Street Journal, as the consolidation wave in North America’s most prolific oil field gathers momentum.
Innovation and new technology is central to a successful energy transition, but working out who bears the financial risk posed by largely untested tech can see proposed projects fail to get off the ground.
The North Sea’s regulator said the approval of seven developments this year, worth a combined £4 billion, represented “strong votes of confidence” in the basin.
ScottishRenewables has written to Holyrood ministers pressing the need for a public information campaign to back ‘once-in-a-generation’ upgrades to the grid network.
Giant structures that have arrived at Port of Nigg mark a major milestone for the 882-MW Moray West offshore wind farm.
Safety inspectors have ordered Dana Petroleum to improve practices on its Western Isles vessel over concerns control room staff are not suitably trained to work unsupervised.
The head of global climate change talks starting in Dubai this week has strongly denied using his position to advance the United Arab Emirates’ commercial interests.
Kellas Midstream has lined up its first customer to receive blue hydrogen from the H2NorthEast project, with Statera Energy eyeing supplies for use in nearby power stations.
Nova Innovation has secured EU funding for a 4MW tidal energy farm off Orkney that will be home to the largest number of tidal turbines anywhere in the world.
Climate activists have once again turned to the Norwegian courts, this time suing the government over development plans at a handful of oil and gas fields under the sea off its coast.
Exxon Mobil will complete a $1 billion expansion of diesel production at its Fawley UK oil refinery next year, a key step in curbing the country’s reliance on imports.
A loaded liquefied natural gas tanker is stuck at an export terminal in Australia and will disrupt some shipments, adding to supply concerns ahead of the Northern Hemisphere winter.
A new report on UK carbon capture and storage (CCS) progress finds its ample pipeline and sound ambition could yet be undermined by the risk of delays and cancellations.
Analysts see interim CEO Murray Auchincloss as the logical candidate to steady the BP ship, while the company’s shares remain undervalued in relation to its peers.
“Don’t give me promises of green jobs, if you can't tell me what qualifications I need, where will the jobs be based, when can I apply for them and how much the pay is.”
Saudi Arabia is asking others in the OPEC+ coalition to reduce their oil-output quotas in a bid to shore up global markets but some members are resisting, delegates said.
Dagang NeXchange (DNeX) has announced a profitable quarter, as higher volumes and oil prices drove held up earnings across the company.