A windfall tax on North Sea oil and gas firms would be “economically illiterate” and could “perversely” drive up the domestic costs of energy, MPs have been told ahead of a key vote today.
Subsea controls specialist J+S Subsea has reported an “excellent start” to the year, as new contracts worth more than £1 million prompt a recruitment drive.
Iberdrola has commissioned a solar-powered green hydrogen plant in Puertollano, central Spain, which it says is the largest plant currently operating in the world.
Wind-focused investment fund Greencoat UK Wind has acquired a 12.5% stake in the Hornsea 1 project off the Yorkshire coast.
Viper Innovations is a UK based high-tech innovative and disruptive SaaS model business serving the subsea oil and gas, rail and other industrial sectors.
The opening of a new government-backed rapid testing facility for tidal turbine blades will help spur the development of marine energy technologies in Scotland, according to its designers.
The North Sea Transition Authority’s (NSTA) latest strategy update suggests it plans to continue holding licence rounds in accordance with the government’s climate compatibility checkpoint.
Two developers have secured provisional offshore wind lease areas off the US state of North Carolina, as the government accelerates its push to deploy 30 GW of offshore capacity by 2030.
Scotland’s net zero secretary said the country's oil and gas expertise and close links with Europe would open new hydrogen export opportunities, but stressed it must also bring local investment.
Drilling contractor KCA Deutag has disclosed the impact of a “sophisticated attempted ransomware attack” on the company last year.
‘This shouldn’t be acceptable’: Supply chain leaders warn Scotwind buildout will go abroad without cohesive strategy
Offshore wind sector suppliers have called on the industry to work together to secure opportunities for the domestic supply chain, and criticised projects for which work has already been sent abroad.
Robert Gordon University (RGU) and the University of Strathclyde have signed a five-year agreement which will see them collaborate in supporting new postgraduate marine research and developing new technologies.
Wood has been appointed as capital delivery partner for Esseco UK’s chemical production facility in Wakefield.
Leaders from across the energy sector praised measures outlined in the Queen’s Speech to accelerate renewables and net zero efforts, but decried a lack of efficiency measures and short-term support for consumers.
The Government plans to continue capping household energy bills even after 2023 when current legislation is set to run out.
A roster of North Sea players has been brought together to begin pre-front end engineering and design studies (pre-FEED) for the Marigold field, which will be developed via Repsol Sinopec’s Piper Bravo platform.
Norwegian Energy Company (Noreco) reported a pre-tax loss of $17.1 million for Q1 2022, but maintained strong revenues and production at the upper end of its guidance.
Steel fabricator Smulders has shipped the first transition pieces bound for the mammoth Dogger Bank wind farm, off the east coast of Yorkshire.
Equinor is to sell its non-operated share in the Greater Ekofisk Area to Sval Energi, alongside a minority share in the Martin Linge field, as part of a $1 billion deal.
Oil extended its biggest drop in more than five weeks after the European Union softened its proposed sanctions on Russian crude exports and as economic growth concerns weighed on sentiment.
Heerema Marine Contractors (HMC) has been selected as a strategic supplier to the Equinor-BP joint venture developing the Empire and Beacon Wind projects off the east coast of the US.
The Global Underwater Hub (GUH) has announced the makeup of its new ten-strong board, drawing on talent from across the energy and marine sectors.
The UK’s Competition and Markets Authority (CMA) is considering whether there are “reasonable grounds” to approve the merger of Maersk Drilling and Noble Corp, following the proposed sell-off of several North Sea rigs.
A cohort of North Sea oil and gas operators will set out plans for a combined subsea decommissioning campaign this week, as part of efficiency efforts led by the North Sea Transition Authority (NSTA).
UK and Canada-focused independent i3 Energy has seen quarterly production double that of last year, as it looks to invest further capital in its Canadian drilling programme.