UK confirms £205m budget for fifth CfD round
The UK government has confirmed the overall budget for the next contracts for difference (CfD) auction, with support worth £205m up for grabs.
The UK government has confirmed the overall budget for the next contracts for difference (CfD) auction, with support worth £205m up for grabs.
Prax Exploration and Production has struck a deal to acquire Hurricane Energy (LON:HUR), concluding a sales process initiated earlier in the year.
IOG hit out at the government’s energy profits levy in its annual results, in which it reported a loss following a raft of delays and production issues across its Saturn Banks project.
Thailand ordered its navy to join efforts to rescue an oil storage vessel operated by a unit of Chevron that was damaged earlier this week during a routine maintenance in the Gulf of Thailand.
Shell (LON:SHEL) has announced it will move forward with Dover, a new subsea tieback to its Appomattox hub in the US Gulf of Mexico.
Chancellor Jeremy Hunt has confirmed a £20bn government support package for CCS, but developers of a flagship north east scheme must wait for further details.
The Government needs to transform up to 11 ports around the UK to enable the roll-out of floating offshore wind at scale, according to a new report.
Shell has completed the sale of a pair of non-operated stakes in Malaysia’s Baram Delta, concluding a process initiated two years ago.
The path has not run smooth for the north east’s Acorn CCS project, however new funding commitments in the Spring Budget may finally see the pioneering plans take root.
A new heritage centre and cafe are being planned for Ardersier Port to create a new entrance and mark its history as an oil yard.
Neptune Energy has become the latest North Sea operator to forecast its windfall tax hit ahead of the Spring Budget tomorrow.
China is likely to install nearly three times more wind turbines and solar panels by 2030 than it’s current target, helping drive the world’s biggest fuel importer toward energy self-sufficiency, according to Goldman Sachs Group.
Aker BP has confirmed first production from the Frosk field development in Norway’s Alvheim area, just 18 months after plans were submitted to regulators.
The UK is being left behind in the race to develop and deploy green technologies because of an unwillingness to invest in its industrial strategy, a leading thinktank has said.
A defining moment doesn’t happen often. But Spring Budget 2023 will likely be viewed from mid-century as the time when the UK fully committed to Carbon Capture and Storage.
A new report prepared by North Sea drilling contractors calls for “lasting and meaningful” change to how the offshore industry deals with the mental health of its workforce.
Total Eren has left a partnership to develop the HyEnergy scheme but will continue with plans to build gigawatts of green hydrogen capacity across the country.
Two major marine contractors have secured work providing geotechnical investigations at the site of the Ossian floating wind farm off Scotland’s east coast.
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.