DfT, ORE Catapult aim for zero-emission offshore wind vessels by 2025
‘Operation Zero’ bid to accelerate the decarbonisation of North Sea operations and maintenance (O&M) vessels could generate more than £4 billion for UK firms.
£15m for Aberdeen hub as Scottish Government unveils Hydrogen Action Plan
Aberdeen has been awarded £15m as part of a £100m Scottish Government package to advance the hydrogen economy, which could see the resource provide nearly a sixth of Scotland’s energy needs by 2030.
Aberdeen group delivers strong case for investing in geothermal energy
Academics and industry experts have teamed up to drive forward ambitions to repurpose North Sea oil and gas infrastructure for the production of geothermal energy.
ExxonMobil commits $15bn to GHG emissions reduction
The US-headquartered oil major will invest $15 billion in new and “aggressive” emissions reduction plans.
28 companies pledge to accelerate use of decarbonised hydrogen
Companies including BP, Equinor, TotalEnergies and Shell make commitment to advance decarbonisation of hydrogen supplies by 2030.
US sees oil market oversupplied by early next year
The US government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the nation’s emergency reserves.
Countries urged to ‘pull out all the stops’ in last days of COP26 negotiations
Boris Johnson has urged countries to "pull out all the stops" to secure action to limit dangerous global warming in the final days of COP26.
North-east Scotland could meet 20% of UK hydrogen needs by 2032
A new steering committee backed by Sir Ian Wood’s Energy Transition Zone (ETZ) has set out a vision of how 20% of the UK’s hydrogen capacity could be met by North-east Scotland by 2032.
Net Zero Investing: The New Hydrogen Economy
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.
Judge throws out oil tycoon’s bid to snatch back £210,000 paid out to developer in flats dispute
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.
EnBW and partner BP make ScotWind cash injection in ‘Scotland’s largest renewables hub’
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.
Shell restarts Gulf of Mexico assets ahead of schedule
Production at Mars and Ursa in the US Gulf of Mexico has resumed, following outages as a result of damage sustained during Hurricane Ida.
Archer posts £5.6m loss in Q3
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.
BP ‘willing to disclose more’ on carbon offset plans, says head of climate
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.
20 nations join COP deal to end foreign fossil fuel funding
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.
COP26 President Alok Sharma dodges questions on oil majors’ attendance
Mr Sharma refused to be drawn on whether oil and gas majors were formally excluded from the UN climate event.
Wood to impose supplier emissions targets with Scope 3 plan in ‘next 12 months’
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”.
Spirit Energy hits milestone for Pegasus West sanction
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.
Carney unveils $130 trillion in climate finance commitments
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.
Marine energy developers appeal for ‘same opportunity’ as other renewables
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.
Bezos, Ikea and Rockefeller promise billions for climate
Global philanthropies dug into their pockets to make a big statement on the first full day of the United Nations climate conference.
Industry insists oil firms have ‘valuable role’ despite COP26 absence
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.
UK pushes for deal to end foreign fossil fuel finance
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.
Scotland must grasp unmissable opportunity to decarbonise oil and gas
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.