TAQA plans end to North Sea production in 2027
TAQA (ADX: TAQA) intends to cease production from all of its UK North Sea platforms by the end of 2027.
UK
Huge Orsted UK wind park to benefit from Treasury tax relief
Orsted (CPH: ORSTED) will benefit from permanent tax breaks announced by UK Chancellor Jeremy Hunt in an effort to support the country’s business in the shift to clean energy.
Vestas hones in on Scotland for new wind turbine factory
“The North Sea is probably the most attractive area in the world for offshore wind,” Vestas CEO Henrik Andersen said.
Continuum looks to recycle wind turbine blades into composite materials
Danish start-up Continuum has developed a world-first method of recycling wind turbine blades into composite building materials, and the company could potentially base its first factory in Scotland.
UK Energy Minister to headline ETIDEX 2023 in Aberdeen
UK Minister for Energy Security and Net Zero announced as headline speaker for ETIDEX 2023.
Windfall tax blamed for collapse of United-Quattro North Sea licence deal
United Oil & Gas (LON: UOG) has terminated an asset purchase agreement with Quattro Energy for the conditional sale of a North Sea licence.
Aberdeen’s Wood appoints Arvind Balan as new chief financial officer
Wood Plc (LON: WG) has announced the appointment of Arvind Balan as its new chief financial officer and executive director.
Environmental groups lambast ‘despicable decision’ to award new North Sea licences
Environmental campaign groups have criticised the latest awarding of new oil and gas licences by the North Sea Transition Authority (NSTA).
Centrica chief trying to get the UK to speed up carbon capture
Centrica Plc boss Chris O’Shea is on a mission to show the UK government that it needs to rapidly speed up carbon capture projects, which could become crucial if the country is to reach its net zero ambitions.
Eni profits slump, but talks up new gas hub in Indonesia
Geng North is thought to hold around 5 trillion cubic feet of gas and 400 million barrels of condensate. Eni sees the Kutei Basin becoming a “new world class gas hub”.
UK gas grid readies for blending hydrogen amid technology debate
The UK’s natural gas network will be ready to blend some hydrogen into the grid by the end of next year, according to its operator, which is preparing for the technology despite renewed debates about its viability.
Operational clean hydrogen projects set to double within five years
Report shows the pace of development in the global hydrogen sector is accelerating, and the researchers are warning the UK is at risk of falling further behind the European Union and the United States.
Wind farm builders push UK for tax breaks amid surging costs
Wind-farm developers are lobbying the UK government to give them more tax breaks in the fall budget, arguing that rising interest rates and supply-chain costs are putting the viability of some new projects in doubt.
Greenpeace vows to appeal after losing court challenge to new North Sea oil and gas licenses
Environmental campaign group Greenpeace has vowed to appeal after it lost a legal challenge against a new major UK oil and gas licensing round.
Decarbonisation conference lauds progress, but warns UK could soon ‘lag behind’ global leaders
Over 200 energy industry leaders gathered in Aberdeen today as Offshore Energies UK (OEUK) held its first ever decarbonisation conference.
Brookfield buys Banks Renewables UK business in near $1bn deal
Brookfield Asset Management Ltd. will acquire the renewables division of the Banks Group, an operator of onshore wind farms in the UK.
‘No signal’ that general election will put UK CCS funding at risk
There has been “no signal” that the UK Government’s £20bn of planned funding for CCS would be at risk following a general election, said a leading trade body.
GMB Scotland blames “failure of government” for Forties oil flow decline
GMB Scotland has said a "failure of government" is the cause of a major reduction in North Sea oil flowing through the Forties Pipeline System (FPS).
Rosebank: Where will the oil go?
Equinor was asked that key question during a media briefing on the Rosebank oilfield on Wednesday.
UK carbon capture projects consider move overseas over funding delays
Several carbon capture and storage (CCS) projects in the UK are considering a move out of the UK to more favourable conditions overseas, a trade body has warned.
Scottish energy transition AI firm raises $10m as part of growth push
An Edinburgh based AI firm has raised $10 million as it seeks to accelerate the global energy transition.
Royal opening for £420m Port of Aberdeen expansion
The Port of Aberdeen’s “transformational” £420 million expansion project has been officially opened by The Princess Royal on Friday, September 22.
UK offshore wind industry pain to last years, hedge fund says
The once-booming UK offshore wind industry faces years of pain, including project delays and possible cancellations, due to soaring costs and higher interest rates.
Wind sector deal to see Scotland positioned as turbine recycling hub
The Scottish government has announced plans to establish a European hub to recycle and repurpose wind turbine blades as part of a landmark deal.
UK government formally approves new North Sea oil project
The UK Government has formally approved the Affleck redevelopment - a new oil project in the North Sea.