France joins alliance snubbed by UK to end oil and gas era
France has joined a group of countries and states that support fixing a date to end fossil fuel exploration, putting its name to an initiative that was snubbed by the UK.
New OGUK steering group to guide decommissioning priorities
A new decommissioning steering group launched by trade body Oil & Gas UK (OGUK) will lead the sector in delivering safe and environmentally sound decommissioning, while meeting decarbonisation goals.
Aberdeen harbour handed £400,000 of funding for greener power project
Aberdeen harbour has received more than £400,000 from the Department for Transport to fund a joint demonstration project aimed at providing shore power within the existing north harbour.
Petrofac, Summit, Xodus join Bacton Energy Hub
Energy players sign up to drive project to create a low-carbon energy hub for London and the South East.
North Star Renewables begins construction on fleet bound for Dogger Bank Wind Farm
North Star Renewables has cut steel on the first two of a hybrid-powered vessel fleet due to set sail for the Dogger Bank wind farm.
North-east chamber recruits media and marketing pro as Ducatus and Asco announce new hires
Aberdeen and Grampian Chamber of Commerce (AGCC), recruitment company Ducatus Partners and energy logistics firm Asco Group have all made key appointments to help drive forward their ambitions.
Aker, BP sell £480m stake in joint venture
BP (LON: BP) and Aker (OSLO: AKER) have successfully offloaded a 5% stake in their Norwegian joint venture.
The future of Stargate: Global Energy Storage invests in Port of Rotterdam
Global Energy Storage (GES) plans to develop an industrial site at Rotterdam to create storage and production capacity for a range of low-carbon fuels and chemicals.
Crown Estate moots 4GW floating wind in the Celtic Sea
The Crown Estate has published further details on its plans for a floating wind leasing round in the Celtic Sea, for delivery from 2030.
World leaders urged to help negotiators in push for climate deal at COP26
World leaders have been urged to help negotiators get a climate deal over the line as Cop26 entered the final 48 hours of scheduled talks.
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.