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.
Recent months have underlined that energy security "still trumps" sustainability in the minds of politicians, the head of a trade body has claimed.
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.
The upcoming INTOG offshore wind round is among a raft of “different opportunities” Equinor (OSLO: EQNR) is chasing in Scotland.
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.
UK wind power production hit a record on Wednesday thanks to blustery weather spinning turbines across the country and out at sea.
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.
Mauritania has signed on to support three hydrogen projects, including Chariot’s Nour plan, at a strategic meeting.
Offshore Design Engineering (ODE) has won front-end engineering design (FEED) work on the Dolphyn green hydrogen project off Aberdeen.
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.
Spain’s BlueFloat Energy plans to enter Taiwan’s third offshore wind market auction with a proposed 1GW-plus floating project.
German Chancellor Olaf Scholz attended the launch of a synthetic aeroplane fuel in South Africa today, with his local counterpart Cyril Ramaphosa.
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.
Westminster could be poised to hit electricity generators with a windfall tax, in addition to North Sea oil and gas firms.
ADNOC, the UAE’s largest energy firm, has acquired a 25% stake in the BP H2Teesside project.
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.
Petrofac is to support a “first-of-its-kind” study to test whether oil and gas wells in the North Sea can be repurposed for geothermal energy.
Plans have been set out on creation of a “critical” and long-awaited skills passport to help oil and gas workers transition into renewables.
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.