Dutch pension fund PMT sticks with nine oil and gas companies
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.
Norway’s new gas field highlights tensions as climate talks open
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.
Energy minister opens new Edinburgh office for ScotWind developer
Scottish energy minister Gillian Martin officially opened a new Edinburgh HQ for floating wind venture partners Bluefloat Energy and Renantis.
Waldorf not for sale as North Sea outlook improves
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 completes acquisition of Shell’s Cambo stake
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 partners with Maersk Training to take Get Up Safe stateside
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.
Taiwan offshore wind developer in talks over potential acquisition deals
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 set to take control over solar arm Lightsource
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 in talks to buy CrownRock, WSJ reports
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.
Risky business – green technology and the energy transition
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.
NSTA: £4bn of North Sea developments approved in 2023
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.
Public campaign needed to highlight case for new transmission, trade body says
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.
‘Milestone’ moment for Moray West wind farm
Giant structures that have arrived at Port of Nigg mark a major milestone for the 882-MW Moray West offshore wind farm.
Dana warned by HSE over training and supervision at Western Isles
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.
Al Jaber denies using COP28 Presidency to make oil and gas deals
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 secures first hydrogen customer for H2NorthEast
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 wins €20m funding for world’s largest tidal site in Orkney
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 sue Norway over plans to build out oil fields
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’s $1bn UK expansion to make its first diesel in 2024
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.
Stranded gas tanker in Australia could cause rise in global LNG prices
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.
Delays pose ‘significant risk’ to UK CCS targets
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.
Auchincloss ‘most logical successor’ as analysts review ‘undervalued’ BP stock
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.
Unite plans ‘hard-hitting’ campaign to canvass energy workers
“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 seeks OPEC+ oil quota cuts while some members resist
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.
Energy drives quarterly profit at Ping owner DNex
Dagang NeXchange (DNeX) has announced a profitable quarter, as higher volumes and oil prices drove held up earnings across the company.