By Thibaut Cheret, OEUK Wind and Renewables Manager
In the quest for a sustainable future, the UK’s offshore wind industry stands at a critical juncture - poised for success but, like the rest of the energy industry, facing formidable challenges.
Picking through some of the past year’s headlines regarding the state of the offshore wind construction and support vessels market makes uncomfortable reading.
Carbon capture is having a moment. Companies such as Chevron Corp. are building technology to capture carbon dioxide from smokestacks while others such as Microsoft Corp. are investing in startups working to yank the greenhouse gas out of the air directly.
Shona McConnell, SEPA senior manager for environmental performance, said: "No oil was observed in the Fruin Water below the upstream containment infrastructure near Strone House."
As we approach the end of one year and look ahead to opportunities and ambitions for the next, I think it is clear to see that the UK stands on the brink of a remarkable opportunity to lead the charge in the global energy transition.
Chevron Corp. will write down the value of $3.5 billion to $4 billion in assets due to restrictive government policies in California and environmental liabilities in the Gulf of Mexico.
European stocks gained on the first day of trading in 2024, with energy shares leading the advance as crude oil prices rose amid increased tensions over the Red Sea.