Global energy companies are shifting to ESG investing; but what role can hydrogen play in the new energy economy? In this new series focusing on environmental, social and governance (ESG) investing in the energy industry, Mike Scott takes the temperature of the industry’s response to date, as well as the challenges ahead that this shift will present.
When retired oil tycoon Gareth Jones formed plans to transform an abandoned Aberdeen school into flats, he thought he was onto a surefire money-spinner.
Together with partner BP, the German utility is confident that investment plans for the Port of Leith and Aberdeen make for a compelling bid in the battle for ScotWind acreage.
Production at Mars and Ursa in the US Gulf of Mexico has resumed, following outages as a result of damage sustained during Hurricane Ida.
Oilfield services firm Archer has posted a pre-tax loss of around £5.6 million for the third quarter of 2021, as COVID continues to impact operations.
Speaking at a COP26 fringe event, BP climate director Jeff Swartz discussed the role of carbon offsetting in the energy major’s net zero plans.
The UK has corralled about 20 nations including the US, Canada and Italy at the COP26 climate summit to pledge to stop funding foreign fossil fuel projects, though the impact of the deal is undermined by the absence of key countries.
Mr Sharma refused to be drawn on whether oil and gas majors were formally excluded from the UN climate event.
Engineering giant Wood will release a plan to impose emissions targets on its suppliers and on its own products used by customers within the next year, according to chief executive Robin Watson.
‘Risk of serious injury’: Valaris hit with HSE warning after two-tonne object dropped 30feet on oil rig
Valaris has been reprimanded by the Health and Safety Executive (HSE) following an incident on one of its jack-up rigs that posed a risk of “serious injury”.
Having resolved issues with partner Neptune Energy, Spirit Energy has handed in an environmental impact assessment (EIA) for proposed new drilling at the Pegasus West discovery.
Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out in the Paris climate agreement, as an alliance championed by former central banker Mark Carney swells under the gaze of a world increasingly alarmed by planetary warming.
A COP26 fringe event saw wave and tidal energy firms praise Scottish government support for the sector, but call for greater certainty to enable commercialisation.
Global philanthropies dug into their pockets to make a big statement on the first full day of the United Nations climate conference.
Industry leaders have insisted that oil and gas firms have a “valuable role” to play in fighting climate change, despite being largely absent from the COP26 summit.
The UK is trying to corral at least 18 countries to agree to stop funding of foreign fossil fuel projects by the end of next year, according to people familiar with the situation.
The First Minister committed the Scottish Government to join a growing number of world governments who have expressed the view that unlimited recovery of oil and gas is unsustainable in light of the climate emergency.
The Greenpeace vessel carrying four youth climate activists made its voyage upriver to the COP26 conference, despite initial warnings from police not to proceed.
As leaders at the United Nations climate summit in Glasgow, Scotland, thrash out how to rein in catastrophic levels of global warming, one of the most important deals is taking place on the sidelines.
Prime Minister Boris Johnson has launched the ‘Clean Green Initiative’ at COP26, aimed at supporting developing countries in deploying green technology and growing their economies sustainably.
Energy services company Wood has announced the appointment of Lesley Birse as its executive president of people & organisation (P&O).
Scottish firm FoundOcean has been acquired by Venterra Group, a new wind energy services company set up by former Petrofac CEO Ayman Asfari.
Scotland's First Minister has said she shares Boris Johnson's pessimism over the Cop26 climate talks, but urged leaders to "put our shoulders to the wheel".
With expertise drawn from across the energy sector and a proven ability to tackle niche challenges, Add Energy shows that decommissioning complexity can be streamlined – and it may not signal the end of the road for every asset.
The first ever US congressional dressing down of oil bosses for alleged climate-change subterfuge devolved into a fractious spat over environmental racism, electric-car subsidies and fat pay packages.