Rishi Sunak is under pressure to show his UK government will stick to its promises on tackling climate change, after a memo revealed officials’ doubts about hitting a £11.6 billion ($14.7 billion) funding target.
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
The perception that every company working in oil and gas enjoys inflated margins is a myth that needs to be dispelled, writes ASCO's Peter France.
The Government must "explain and demonstrate" how new oil and gas exploration is in line with its climate commitments, Cop26 President Alok Sharma said.
A judicial review decision in Scotland’s Court of Session over the summer provides further evidence of a growing wave of post-COP26 challenges to governments over their commitment in delivering on net zero pledges.
For a nation with no producing oil and gas assets, the Faroe Islands is not short on ambition.
Vysus Group, in collaboration with the Energy Industries Council (EIC), is pleased to announce our upcoming business breakfast on Wednesday 21 September.
There has been no change to Shell’s stance on Cambo and it still has no intention to progress the field, the company’s chief executive has confirmed.
The Group of Seven is moving toward reversing a commitment to halt the financing of overseas fossil-fuel projects by year’s end, a proposal now viewed favourably by most members, according to people familiar with the matter.
The energy trilemma: mentioned in almost every session at last month’s OEUK Industry Conference held in Aberdeen, the balancing act between security & reliability of supply, affordability and sustainability is clearly at the forefront of industry considerations today.
Recent months have underlined that energy security "still trumps" sustainability in the minds of politicians, the head of a trade body has claimed.
Six months ago, UK North Sea oil and gas faced the bleakest outlook in its 50-year history.
Industry leaders delivered what they termed “uncomfortable truths” on the use of natural gas in the UK at a major renewables and low-carbon industry event this week.
Back in the 1990s, a talking tortoise advertised power for British homes, with the famous slogan 'it's got to be easily turn off and onable.'
Aberdeen and Grampian Chamber of Commerce (AGCC) has said it has launched what is expected to be its "most significant" survey yet for the offshore energy sector.
The second episode of Bigger Faster Better explores the future of hydrogen and compares how this crucial low-carbon technology is developing in the UK and the United Arab Emirates (UAE).
In the wake of COP26 in November last year, the need for a skilled and well-trained workforce to deliver the transition to renewable energy has been recognised globally.
Boris Johnson wants a “climate change pass” for the gas industry to wean western countries off supplies from Russia.
Despite COP26 talks, last year saw renewable growth fall to its lowest level since 2010, with these figures falling every year since 2015. If the UK is to hit its 2050 net-zero targets, Government and businesses must ensure that they uphold the COP26 pledges throughout 2022. With the UK’s ambitious targets to cut emissions by 78% compared to 1990 levels, and ensure all electricity comes from clean sources by 2035, tougher policies are needed to make sure that the country does not falter in its commitments to meet the 1.5C global warming target.
Shell CEO Ben van Beurden has reflected on a turbulent 12 months for the company, which have seen court rulings, massive shareholder dividends and a permanent move to the UK.
Aftermath of COP26 questions future of fossil fuels finance and what’s next for renewable energy investing
The COP26 climate conference in Glasgow should have made uncomfortable viewing for fossil fuel executives.
As AREG approaches its 20th anniversary supporting renewable energy projects and supply chain members transition from oil and gas to the renewable energy sector, there has been an increasing sense of urgency around climate change and the need to transition from fossil fuels to renewable energy, as well as widespread government and community interest around COP26 in November.
Namibia will receive N$100 million ($6.3mn) in concession fees from its preferred hydrogen bidder this year, President Hage Geingob has said.
As the curtain falls on 2021, a year largely dominated by the three Cs – Covid, COP26 and Cambo – we’re seeing strong energy market fundamentals underpinned by high commodity prices which would usually signal greater optimism for the year ahead.
We frequently read and hear that we live in the age of disruption.