Climate negotiators at COP28 may bolster carbon trading when they decide on rules for a new United Nations-overseen emissions market that can lower the cost of fighting global warming.
The EU Commission has launched its first European Hydrogen Bank auction with €800 million (£695m) in subsidies available for renewable hydrogen production.
Sultan Ahmed Al Jaber is the President-Designate of the upcoming United Nations climate summit in Dubai, or COP28. He’s also head of the Abu Dhabi National Oil Company.
Serica Energy (LON: SQZ) has announced it will acquire a 30% non-operated interest in the North Sea's Greater Buchan Area development from Jersey Oil and Gas (JOG).
A new report from Xodus has found around 100 North Sea reservoirs will be needed to meet UK demand for carbon capture utilisation and storage (CCUS) by 2050.
The UK government is planning for the introduction of a new tax mechanism for North Sea oil and gas operators following the scheduled end of the windfall tax in 2028
Aberdeen based Offshore Helicopter Services (OHS) UK is facing an HMRC investigation into its tax affairs with the company potentially liable for £10 million in repayments.
“A tightening of restrictions on offshore workers will simply result in the U.S. becoming an unattractive place to do business to the detriment of America’s energy ambitions and strategy,” says IMCA chief.
Norway is betting that zeroing out emissions from oil production will help it meet internationally agreed climate targets while future-proofing an industry that’s made it one of the richest countries in the world.
Specialist oil and gas well logging firm READ Cased Hole is targeting a jobs and growth boost from upgrades to its Viking House headquarters in Aberdeen's Bridge of Don.
Sumitomo Corporation subsidiary SEEL agrees farm-in for 50% share of Carbon Catalysts 20% interest in the CS017 and CS018 licences, subject to regulatory approval.