Aberdeenshire’s Denholm Environment rounds off 2022 with £414k investment
Denholm Environmental, a subsidiary of Denholm Energy, finished 2022 on a high with dual announcements.
Decarbonising the power system: Can fusion be part of the answer?
Power generation accounts for approximately 30% of global greenhouse gas emissions, and carbon-emitting fossil fuels like coal and natural gas account for 61% of power generation. If the world is to meet the goal of net zero emissions, even as demand for power continues to rise, something has to give.
Pace of energy transition still falling short
The UK and global energy markets have gone through another turbulent year. In one breath we celebrated emerging from the pandemic, in another we witnessed Russia invade Ukraine with devastating impact on the Ukrainian people.
Semco Maritime appoints new Norwegian boss
Tor Erik Christoffersen has been unveiled as managing director for Semco Maritime’s Norwegian division.
Chevron CEO defends record profits as ‘modest return’ over time
Chevron chief executive Mike Wirth pushed back on claims by President Joe Biden that Big Oil’s record profits are being made on the back of the war in Ukraine and at the expense of the American people.
Underground hydrogen stores offer ‘goldilocks’ solution to UK’s future fuel needs
Plans are in the offing to develop hundreds of purpose-built underground hydrogen stores that could help to fuel the UK’s green future.
Five key moments from Ben van Beurden’s tenure, as Shell CEO heads for exit door
As far as timeframes in which to lead one of the world’s biggest oil and gas companies go, Ben van Beurden picked a rocky one.
Apollo to support a decarbonised future in 2023 and beyond
The energy trilemma of energy security, energy affordability, and energy sustainability can seem an impossible balance. At Apollo we want to achieve a sustainable, decarbonised future – for the industry, for the planet, and for everyone. We know it’s not enough to just talk about sustainable energy. Technology. Practical solutions. Innovation. It's that mix that will make it happen. It's complex, but that’s what we’re good at in Apollo!
Can the oil and gas sector win friends and influence people in 2023?
In late 2022, I attended the World Energy Capital Assembly in London, where leading energy executives, financiers and investors gather to look at the future of the oil and gas industry. Coming at the tail end of a year largely characterised by doom and gloom – war, and political and economic uncertainty – it offered a chance to gauge the mood of the sector.
Big developments ahead for the UK offshore wind sector
As 2022 draws to a close, the offshore wind sector in the UK stands at a hugely important inflection point, as we both acknowledge the remarkable story of success we’ve seen, but also consider the innovative solutions needed if we are to meet the challenges ahead.
Exclusive: Alliance to explore using Orsted wind farm to power Neptune Energy North Sea assets
A trio of leading energy firms are to explore powering integrated UK North Sea hubs using a mammoth offshore wind farm.
Wind firm to take UK Govt to court over ‘smash and grab raid’ on electricity generators
A major investor in UK wind energy plans to take the government to court over its “smash and grab raid” on renewables generators.
Saudi Aramco refiner drops in debut after $1.3bn IPO
Saudi Aramco Base Oil, a refining unit of the state-owned oil producer, slumped in its trading debut following an initial public offering that raised $1.32 billion, bucking the trend for strong debuts in the Gulf region amid the gloomy outlook for the global economy.
Oil fluctuates after Russia bans exports to users of price cap
Oil fluctuated as investors weighed the fallout from a Russian ban on exports to buyers that adhere to a Group of Seven price cap.
Equinor completes delayed upgrade work at Njord field
Production from Equinor’s (OSLO: EQNR) Njord field in the Norwegian Sea resumed yesterday following a major upgrade project.
Access to contractors will be ‘more important than ever’ in 2023, as IR35 debate rumbles on
Issues around off-payroll working rules are likely to continue to rear their head next year as demand for sparse skills increases.
Key trends in UK renewables and what to expect in 2023
All aspects of renewable electricity generation in the UK are currently affected by policy uncertainty. The UK government’s stated policy goals are to decarbonise electricity generation through increased deployment of offshore wind, carbon capture utilisation and storage, hydrogen and nuclear.
Turning up the dial on the energy transition
We are heading into another challenging 12 months for the energy sector. The impact of the coronavirus pandemic, shrinking economies, severe weather events and geopolitical shocks, namely Russian’s invasion and occupation of Ukraine, are being felt keenly.
What does 2023 hold for the flexible workforce?
2022 brought a huge amount of turbulence: from the energy crisis triggered by war in Ukraine to legislative U-turns and windfall tax increases creating uncertainty over investments in the North Sea.
Scale and speed: The radical infrastructure shift needed to achieve net zero
Decarbonisation of our economies is an enormous challenge, one we've made harder through slow action to date. But the world is moving inexorably to net zero now and it will be a hell of a ride.
Japan inks LNG deals with US, Oman to secure fuel supply
Japan agreed to purchase more liquefied natural gas from the US and Oman in the latest move to secure fuel supplies and avoid future shortages.
Oil rises as China loosens travel rules, US battles winter freeze
Oil rose as China took more steps to unwind its Covid Zero policy and freezing weather across the US prompted refinery closures in the vital Texas Gulf Coast area.
A windfall of unintended consequences
What are ‘historically more normal prices’? Through 2022 the Brent oil price averaged about $100 a barrel (bbl), up around 40% on 2021. This follows a volatile 12 months where prices started the year at $78/bbl, reaching a peak of $130/bbl in March following Russia’s invasion of Ukraine.
The North Sea, the windfall tax, and the parable of the broken window
As illustrated in French economist Frederic Bastiat’s 'parable of the broken window', it is often 'that which is not seen' that can be of greatest importance.
Aberdeen Offshore Wind Farm reaps benefits of surging energy prices
A major north-east offshore wind farm boosted its takings last year as the cost of energy in the UK soared.