Yesterday's announcement by Sunak was far from destructive for the North Sea oil & gas industry given the generous projects investment tax relief, but it fails, as it turns out, in at least one critical way.
The Scottish Government is looking to back projects that will create jobs and address societal inequalities when the first portion of its £500m Just Transition Fund opens next week.
Developing carbon capture and storage (CCS) projects in Southeast Asia is considerably cheaper than developing similar projects in more developed economies, such as Australia.
A windfall tax on electricity generators making “extraordinary profits” is still an option, UK Chancellor of the Exchequer Rishi Sunak said Thursday after slapping a similar levy on oil and gas companies.
Genesis, a wholly owned TechnipEnergies company, have signed a Master Service Agreement (MSA) with PZE Limited (PZE) to provide decarbonisation and advisory services for various projects in Australia.
A windfall tax, reportedly due to be announced today, risks “destabilising” a planned £200bn of investment in the UK energy system this decade, the industry trade body has warned.
An energy transition boss at Petrofac (LON: PFC) has indicated the company would be keen to team up with others to progress a major decarbonisation project.
TotalEnergies has announced a $1.6 billion deal with Global Infrastructure Partners (GIP) to acquire 50% of the US’ fifth-largest renewables developer, Clearway Energy Group (CEG).
SSE reported a near 50% jump in full-year profits last year, as it accelerates plans to invest £24 billion in renewables and energy transition projects and hire 1,000 people per year across the UK.
Harbour Energy’s chief executive Linda Cook said carbon capture and storage (CCS) offers greater impact for reaching net zero goals, as the regulator announces plans for its first carbon storage licensing round.
The Scottish Government’s just transition and employment minister has said the first portion of the £500 million Just Transition Fund aimed at the north east will be opened shortly.
A business group has renewed demands that government must put support behind low carbon projects in the north east that will "shift the dial" as concerns have been raised that confidence in key low carbon technologies such as carbon capture and storage (CCS) has faltered, a new report has found.
Australia’s new Labor government will accelerate efforts to tackle climate change, but climate policy will remain highly politicised, warns Verisk Maplecroft, a strategic risk intelligence company.
Siemens Energy will offer 4.04 billion euros ($4.27 billion) to buy the shares in Siemens Gamesa Renewable Energy it doesn’t already own, a long-awaited step in its efforts to turn around the troubled Spanish wind-turbine maker.