The ‘challenge of choreography’: Driving North West decarbonisation
"There’s no point in investing in the store, if you don’t have the molecules. There’s no point investing in the pipeline, if you don’t have the store."
‘Extreme jamming’ targets Hormuz as Iran seeks options
The Israeli Air Force has been able to carry out strikes deep into Iranian territory, including at the Mashhad airport, 2,300km from Israel.
Government funding and the HyNet North West opportunity
Despite setbacks elsewhere, the North West's hydrogen infrastructure is gaining momentum as HyNet and EET prepare large-scale blue hydrogen production.
Israel’s gas sector braces for Iranian retaliation on overnight strikes
Israel has shut-in gas production offshore amid concerns the sector will be targeted by Iran revenge attacks.
If not the North Sea, where? – Part 2
Alternative oil investment locations are all in the mix for those looking beyond the challenges of the UK and a challenging local environment.
Wood, Petrofac score $4bn Rich gas work in UAE
Wood and Petrofac have won major contracts on Adnoc Gas’ new Rich gas development project in the United Arab Emirates.
If not the North Sea, where? – Part 1
From Algeria to Uruguay, energy-rich regions are courting investors with favourable terms and untapped reserves. This is the first of a two-part series.
Saipem, Samsung battle hedge funds over Petrofac rescue plan
“It’s not just the supply chain, we have clients, and in particular TenneT, who are at the end of their tether"
£20bn in decommissioning liabilities, 10,000 jobs lost: the EPL costs stack up
“If the government tax methodology reflects industry cycles, then oil and gas firms should be subsidised when commodity prices are low.”
E-FWD lands in Liverpool
Industry experts will explore innovation and decarbonisation opportunities that can transform Liverpool into an energy transition powerhouse.
The great zonal pricing distraction and the real challenges ahead
"The status quo is not an option", said one attendee at E-FWD's recent event in Aberdeen, but is zonal pricing an answer? To solve the market reform question, ultimately we need to expand transmission.
EPL impact chills floating wind prospects
It is widely accepted that the Energy Profits Levy (EPL) harms oil and gas companies. But does it also hurt floating wind projects?
AI and energy: Innovation ready but policy lags
Combining the potential of AI and the energy sector could accelerate the UK’s economic future. But policy hurdles pose challenges, experts at a recent CGI event concluded.
Offshore service leaders seek leverage after a lost decade
Global services firms have been caught in a storm. Engineering, procurement and construction (EPC) focused companies have been squeezed by tough contract terms, battered by inflation and haunted by legacy commitments.
Choosing decommissioning over deals in the North Sea
Amid the North Sea’s decline, large companies are moving out and being replaced by smaller players, able to take on lower margin projects. But in practice, the looming spectre of decommissioning liabilities can derail these asset transfers.
TotalEnergies, Harbour extend Valaris jackup contracts
Valaris has extended a contract with TotalEnergies, in the UK North Sea, for the Valaris Stavanger. It has also given some more time to Harbour Energy, while scrapping three ageing rigs in the US.
Equinor slashes renewables, doubles down on hydrocarbons in focus on returns
Equinor’s dramatic renewable cuts and increased focus on oil and gas mirrors moves across the energy sector. The Norwegian major is prioritising shareholder returns over energy transition spending.
Road to ADIPEC 4: AI and optimisation
AI is one of the three “megatrends” identified at the recently held ADIPEC, but will it save the world - or doom it, given increased power needs?
Local content rules threaten AR7 delays, analysts warn
Allocation Round (AR) 7 may be delayed as a result of various local content requirements, analysts from Cornwall Insight have warned.
Eyes on CCS jobs as government funding aligns
The government’s decision to allocate £21.7 billion in funding for the first two Track 1 clusters marks an important step forward for carbon capture and storage in the UK.
8 Rivers sets out four technology aces to bridge carbon gap
“If you needed to redesign all industrial systems such that they inherently capture CO2, at the lowest cost possible, how would you do it?”
‘Rethink everything’ to crack Middle East energy markets
Viewed from a challenging UK environment, the Middle East - with its enormous natural resources and supportive regimes - can seem like a utopia. The reality is different.
Shell, BP CEOs defend transition strategy with biofuel highlight
Top European energy executives have denied backpedaling on the energy transition, in part by pointing to their investments in biofuels.
Road to ADIPEC 1: Mobilising finance
Talk of the energy transition and the need to decarbonise tends to focus on production, but the other side of the equation - demand - must not be forgotten.
EVOL: King coal, carbon capture and the wind of change
It was a big week for GB’s electricity system with the closure of Ratcliffe. While the country’s goal of zero carbon from power has been accelerated to 2030, longer timeframes clearly give companies - and crucially workers - scope to prepare.