South Africa’s government will utilize 90% of an $8.5 billion climate-finance package that wealthy nations offered it to transition to cleaner energy to bolster its power supply, according to an investment plan released on Friday.
ConocoPhillips (NYSE:COP) matched the record performance amongst its energy major peers, announcing $7.4billion in quarterly profits, a near-doubling of its buyback programme and boosted dividends to shareholders.
Centrica (LON:CNA) and Equinor have signed a co-operation agreement to explore the development of a hydrogen production hub at Easington in East Yorkshire.
Uniper reported one of the biggest losses in German corporate history, with Russia’s stranglehold on gas supplies leaving the giant utility struggling to survive.
EnerQuip has celebrated the opening of its first sales and service centre in the Middle East with the announcement of a record $2.5 million contract award for delivery to Abu Dhabi in 2023.
Harbour Energy (LON:HBR) reported strong nine-month performance in 2022 as production rose by more than a quarter, but again took aim at the impact of the UK’s windfall tax measures.
Petrofac workers stationed across several North Sea assets have confirmed their intent to strike throughout November in an escalating dispute over pay and conditions.
The UK’s safety regulator has reprimanded Apache over its handling of incidents in which workers were potentially exposed to asbestos on its Forties Charlie platform.
Glencore officials delivered cash in private jets to officials across Africa, UK prosecutors said as they laid out a web of bribery and corruption orchestrated by the London oil trading desk.
By Jamie Burrows, Head of Business Development – CCUS, Energy Systems at DNV
There has never been a better time for carbon capture and storage (CCS) deployment. When considering the latest edition of the industry’s flagship report, the Global Status of CCS published annually by the Global CCS Institute, and with supportive policy and regulation emerging, it is becoming less a question of whether we need CCS, but instead how do we deploy – and how do we deploy faster.
Trade body Offshore Energies UK has written to Chancellor Jeremy Hunt requesting an “urgent meeting” as it warns revisions to fiscal policy are scaring off UK energy investment.
The British government should raid the banks for tens of billions of pounds to fill a black hole in the public finances, according to former Bank of England Deputy Governor Charlie Bean.
Supermajor ExxonMobil (NYSE:XOM) has lent its backing to a new decarbonisation cluster proposed on England’s south coast, which could see up to 3 million tonnes of CO2 stored per year.
Drilling rig operator Valaris (NYSE: VAL) reported a profitable Q3, as revenues and day rates increased across the board on the back of a renewed focus on energy security.
Neptune Energy has again been awarded Gold Standard status by the United Nation’s Environmental Programme (UNEP) in recognition of its plans to curb emissions.
Vulcan Completion Products (VCP) has cemented its commitment to the growing Middle East market, as a growing team necessitates a move to larger premises.
Offshore Energies UK (OEUK) has announced the return of its Share Fair event, aimed at connecting supply chain firms with operators’ North Sea projects.
A legal battle between the Italian government and Rockhopper Exploration looks set to rumble on for up to two more years, as the former seeks to annul a $190m compensation award.