Only two years ago, Africa seemed set to become the world's next major producer of oil and gas. International companies were scrambling to win exploration rights in frontier markets in West Africa; countries in North Africa were excited about new discoveries in the Mediterranean Sea; and natural gas was identified as a long-term transitional energy source, creating new opportunities for low-income nations such as Tanzania and Mozambique.
Scottish tidal energy firm Nova Innovation has been given a £2 million cash injection from the Scottish Government to advance its turbine manufacturing.
The diverse Asia Pacific regions offer a myriad of opportunities, ranging from decommissioning, late-life field rejuvenation, offshore wind, as well as carbon capture and storage (CCS), for adventurous UK companies.
Energy firms behind ambitious plans to develop floating wind and green hydrogen projects off the north-east coast will work together to see if their schemes are an ideal match.
Investors poured more money than ever into renewable energy in the first half of the year, but the pace is far from enough to sufficiently curb increasing carbon emissions.
Energy skills body OPITO has announced the creation of a new Energy Transition team, which could open the door for oil and gas workers looking to shift to renewables.
Subsea 7 has struck a deal to buy a majority interest in Nautilus Floating Solutions, a developer of technology for the floating wind market based in Bilbao, Spain.
The $28 billion Sizewell C nuclear station is touted as an anchor for Britain reaching net-zero emissions, yet its reactors will compete with wind farms over the North Sea horizon. On gusty days, where will the plant’s excess power go? Toward making hydrogen.
Subsea 7 has predicted "increased profitability" in the second half of 2021 and says a ramp-up in tendering activity has strengthened its long-term outlook.
