‘The outcome the sector needed?’: CfD wind auction flop could spark action, says Wood Mac
Why did the auction flop? And what needs to change?
Daily Afternoon
Offshore Achievement Awards launch at Offshore Europe
A top awards show, celebrating the best of Aberdeen’s energy industry, has launched at Offshore Europe.
‘Around 30,000’ people attended ‘electric’ Offshore Europe 2023
For the first time since before the Covid pandemic, Offshore Europe returned to Aberdeen this week to mark its 50th anniversary with delegates and exhibitors singing the praises of the industry event.
No offshore wind CfDs awarded in blow to government ambitions
“By capping the price the sector could bid at too low, government set it at a level that made it impossible for investors to meet their costs."
‘Real doubt’ over feasibility of CNS electrification plans
Analysts have questioned the feasibility of electrifying major Central North Sea assets given the maturity of the area.
WoodMac: ‘Holistic’ fiscal review could spur energy transition
A ‘holistic’ approach to the UK’s fiscal regime for oil and gas could help speed up transition efforts as firms increasingly operate across multiple sectors, according to analysts from Wood Mackenzie.
‘Crisis of confidence’: Industry reacts to offshore wind CfD auction flop
A lack of offshore wind bids for the AR5 CfD auction would be the "biggest failure" in UK green energy since 2015, industry figures have said.
Wind turbine installation vessel ‘bottleneck’ looming large as smaller crafts become ‘obsolete’
Plans to develop swathes of offshore wind turbines across the globe could be hampered as companies compete for limited resources.
Gallery: Were you at our 50 Years of Firsts Event?
Energy Voice held its 50 Years of Firsts Event at the Maritime Museum in Aberdeen on Wednesday night.
Hydrogen ‘bank’ could bring storage at scale to UK North Sea
Aberdeen University is working on a project where hydrogen could be “banked” in depleted oil and gas reservoirs in the UK North Sea.
Rystad: North Sea projects worth $14bn could be sanctioned by 2024, but windfall tax risk remains
All in all the research firm believes there is scope for companies to press the green button on 14 UK North Sea schemes in 2024 alone.
Council rules that Shell HQ demolition will have ‘no significant impact’ on environment
The report comes after climate change activists raised concerns over the plans.
NSTA to become hydrogen regulator
The North Sea Transition Authority (NSTA) is to become the regulator for the UK’s offshore hydrogen storage and transport.
UK ‘completely uncompetitive’ for oil and gas investment, says EnQuest CEO
EnQuest (LON: ENQ) CEO Amjad Bseisu has warned that the UK is “completely uncompetitive” for upstream oil and gas investment.
Fusion, digital and diversity: What’s in store for Offshore Europe 2073?
As Offshore Europe celebrates its 50th anniversary, industry leaders offered thoughts on what the event could look like in another fifty years.
£100bn of North Sea projects held up as production hits 30-year low
Around £100 billion of North Sea projects are being held up over political uncertainty – while UK oil production hit its lowest in nearly 30 years.
Rosebank still on track for approval this year, says Equinor boss
Equinor (OSLO: EQNR) is still on track to approve the Rosebank oilfield in the West of Shetland this year, the UK boss of Equinor has said.
Gallery: Offshore Europe 2023 has caught the Love Bug
Offshore Europe has made its much-anticipated return to the Granite City with exhibitors bringing their A-game to attract attention.
Turnover of UK energy chiefs an ‘absolute disgrace’, says former minister
A former UK Government minister has taken the current regime to task for repeatedly changing who is in charge of the energy brief.
‘And John Lewis will come back into town…’: Ithaca boss talks up high street boost of Cambo and Rosebank
The chair of Ithaca Energy has talked up the economic benefits of backing the Cambo and Rosebank projects for local economies, including a potential high street resurgence.
Maximising economic recovery of North Sea remains UK Gov strategy, says energy minister
But he wouldn’t comment on Equinor’s Rosebank oilfield, which is still awaiting government approval.
‘Let the show begin!’: Aberdeen leaders champion oil and gas as Offshore Europe gets underway
Aberdeen business and political leaders underlined their support for the city’s oil and gas industry as the Offshore Europe conference officially kicked off.
Chris Cox and Curium Resources going after North Sea’s untapped discoveries
A “fundamental belief” that the UK should be developing its North Sea resources is the big driver behind Chris Cox’s new vehicle, Curium Resources.
Chevron LNG workers reject pay offer, opening way for talks
Employees at two Chevron liquefied natural gas facilities in Australia voted down the company’s pay package proposal, according to a union body, opening the way for a resumption of talks in the standoff that threatens global supply.