Hunting reflects on ‘painful process’ after reducing headcount by more than a third in 2020
Hunting has said the group is positioned “well for the year ahead” after a strong finish to 2020, coupled with a more buoyant market outlook.
Yemen’s Houthis strike Saudi military base and Aramco oil depot
Yemen’s Houthi rebels said they launched missile and drone strikes against a Saudi Arabian oil facility and a military base, as their attacks on the kingdom’s energy and security installations multiply.
Shipping costs could hamper global export of Scottish green hydrogen, warns industry boss
High shipping costs could prevent green hydrogen produced in Scotland from being exported globally.
Subsea UK webinar series to highlight multi-billion pound floating wind potential
The potential for subsea companies to benefit from the forecasted floating offshore wind boom will be explored in a three-part webinar series starting next week.
OPEC+ members disparate on pledges to keep supply steady, study suggests
Most OPEC+ members increased oil exports in February despite pledges by the cartel to keep supply steady.
OPEC+ is poised to cool oil market with extra production
OPEC+ is poised to agree a production increase this week as it seeks to cool a rapid rally in crude prices.
Storegga to progress Acorn CCS project after completing funding round
Storegga Geotechnologies is to give the Acorn carbon capture and storage (CCS) project a financial boost after securing additional capital.
Exxon Mobil to cut jobs in Singapore as big oil retrenches
Exxon Mobil Corp. expects to cut about 300 jobs in the Asian oil-trading hub of Singapore by the end of 2021, part of a global retrenchment that was announced last year.
How investment in renewable power generation will strengthen Caribbean and Latin American economies
Over the last year, labour markets in Latin America and the Caribbean have faced an unprecedented unemployment problem.
Saipem targets CCS expansion with new collaboration agreement
Oilfield services company Saipem is exploring opportunities in the carbon capture and storage (CCS) space with a new collaboration agreement.
After historic fall, carbon emissions are now coming back fast
Pandemic restrictions in 2020 caused the largest absolute drop in carbon-dioxide pollution from energy use since World War II.
Researchers hopeful Scottish drone study could ‘revolutionise’ marine renewables industry
Tidal energy developers could soon be using drones to determine the best spots for placing underwater turbines.
Jason Leitch confirms north-east Brazilian Covid variant cases worked in oil and gas
Scotland’s National Clinical Director has confirmed the trio who tested positive in Aberdeen for the Brazilian Covid variant worked in oil and gas.
Baker Hughes and Akastor ASA to team up to deliver offshore drilling solutions
Baker Hughes and Akastor ASA have announced plans to form a joint venture company to provide global offshore drilling solutions.
UK Government moves ahead on carbon capture projects
On 10 February 2021 the UK Government published a consultation paper seeking views on an approach to sequencing the deployment of carbon capture, usage, and storage (CCUS) clusters.
Create 250,000 green apprenticeships to cut youth unemployment, says environmental group
The Government must earmark £10 billion for 250,000 green apprenticeships over the next three years to minimise the long-term economic damage of the coronavirus pandemic, an environmental group says.
London firm developing ‘disruptive’ energy storage and desalination solutions
A London energy firm is aiming to develop “disruptive technologies” to address energy storage challenges after successfully completing a lucrative funding round
Exxon adds hedge fund manager Ubben, ex-Comcast CFO to board
Exxon Mobil appointed activist investor Jeff Ubben and former Comcast Corp. executive Michael Angelakis to its board following investor criticism of the oil giant for its environmental record and poor financial performance.
Former oil chief handed three and a half years in jail for part in Iraqi bribery case
An oil boss has been sentenced to three and a half years in prison for conspiring with others to bribe public officials to secure lucrative oil contracts in post-war Iraq.
Nucore scoops up £1.2m of North Sea contracts
Aberdeen-headquartered Nucore Group has made a strong start to 2021, bagging two North Sea contracts worth a combined £1.2 million.
Oil powers ahead as critical OPEC+ meeting looms, markets rally
Oil rebounded from its biggest slump since November ahead of a key OPEC+ meeting that may see some supply returned to a fast-tightening market.
India’s biggest oil retailers are focusing on rural revival
If there’s one part of India’s economy that’s been relatively unscathed by the devastating impact of Covid-19 it’s the vast rural hinterlands. And the country’s biggest fuel retailers are sitting up and taking notice.
Decom Awards 2021 open for entries, confirmed event will be held virtually
Decom North Sea (DNS) has confirmed its fourth Decom Awards will take place virtually for the second year running.
Chevron invests in Swedish geothermal and heat power firm
Oil and gas giant Chevron has invested in a Swedish private investment company as it tries to expand its clean energy offering.
RWE’s Triton Knoll offshore wind farm generates first power
First power has been generated from RWE Renewables’ Triton Knoll Offshore Wind Farm off the east coast of England.