The UK’s Universities Superannuation Scheme and Borders to Coast plan to vote against the renewal of some directors at Shell and BP at their annual meetings if the companies don’t improve their commitments to carbon emission reductions, the Financial Times reported, citing representatives from pension funds.
Saudi Aramco unexpectedly increased its dividend and said it would hike spending as it looks to deploy an avalanche of cash generated by last year’s surge in oil and gas prices.
Chancellor Jeremy Hunt vowed to commit £20bn to carbon capture technology over the next two decades, alongside new support for small modular nuclear reactors (SMRs).
Aberdeen business leaders called for a revised city region deal and for the UK’s energy department to be moved to the north east, in a series of asks ahead of the Chancellor’s Spring Budget on Wednesday.
The Welsh Government has granted consent for Wales’ first floating windfarm, Erebus, with high hopes the project will secure a CfD as part of the 2023 procurement round.
Around 200 offshore workers employed by contactor Sparrows Group are set to strike in an escalating row over pay, terms and conditions.
BW Offshore has signed an agreement for the sale of the BW Opportunity to an undisclosed third party, amid a series of planned vessel divestments.
Everyone knows that employees are the key to achieving business success.
Scottish politicians urged Westminster to unlock funding for the Acorn carbon capture and storage project in the upcoming Budget and slammed slow progress on low-carbon development.
The British government is in talks with the United States and European Union to prevent potential trade barriers from harming its position in the green-energy race.
Royal Boskalis reported a “sharp increase” in profitability and revenue in 2022, as offshore wind projects helped drive backlog above €6 billion.
New analysis suggests the UK’s hydrogen targets may fall short of what is needed to decarbonise the power sector, while the supply gap could impact other industry plans to slash emissions.
An Aberdeen-based software company has announced the addition of a new personnel on board (POB) module to its portfolio, which is set to further underline its reputation as a market leader.
Pipeline engineering specialist, STATS Group (STATS), will celebrate 25 years in business with an expected 20% rise in revenue and an increase in its headcount to 400 staff.
Despite patchy political and policy support for renewables over the last decade, the UK’s Contracts for Difference (CfD) system has been a resounding success.
Government advisors say hydrogen, CCUS, storage and smarter demand must all be rolled out faster if the UK is to achieve a zero-carbon electricity system by 2035.
‘Big moment’ hailed as Danish CCS project injects CO2 from an Ineos chemicals site in Belgium – marking the first major cross-border transport and storage of emissions in Europe.
Woodside Energy has announced a series of changes to its board, taking in a capital markets expert and a former Total executive to replace two retiring members.
In 2019, William Hackett Lifting Products launched its ground-breaking Quad Pawl system within the subsea SS-L5 QP lever hoist, the first lever hoist to incorporate four load bearing pawls.
A new podcast series produced by Xodus Group for International Women’s Day aims to offer a "candid" snapshot of life as a woman in the energy sector.
Harbour Energy has received independent verification that its planned Viking carbon capture and storage (CCS) scheme is capable of holding up to 300 million tonnes of CO2.
Petrobras and Equinor have signed a letter of intent that will see the two assess the potential build-out of up to seven new offshore wind projects.
A year of high commodity prices and record profits for oil and gas majors has many questioning what to do with all their cash - with increasing amounts returned to investors via buybacks.
The Crown Estate and Crown Estate Scotland (CES) have launched their first engagement with industry on the future of North Sea carbon capture utilisation and storage (CCUS).
Buyout firm KKR & Co. has sold all its stake in Weststar Aviation Services, marking its full exit from the Malaysian helicopter services company after a decade.
