Britain wants to take part in developing Japan's offshore wind power via options ranging from the participation of its energy companies to providing financing and insurance, Energy Security Secretary Grant Shapps told Reuters. The Group of Seven…
Britain plans to widen its flagship renewable energy support scheme to encourage investment in the sector, the government said on Monday as it opened a consultation on the proposed changes. The Contracts for Difference (CfD) scheme is the government's…
A state actor's involvement in the blast of the Nord Stream pipelines last year is the 'absolute main scenario', though confirming identity will prove difficult, the Swedish prosecutor investigating the attack said on Thursday.In September 2022…
German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources with knowledge of the matter said, indicating that its revival has not been ruled out after an alleged sabotage attack…
Russia failed on Monday to get the U.N. Security Council to ask for an independent inquiry into explosions in September on the Nord Stream gas pipelines connecting Russia and Germany that spewed gas into the Baltic Sea. Only Russia, China and Brazil voted in favor of the Russian-drafted text…
Construction of two ships for the Northern Lights carbon storage project in Norway started Thursday with a keel laying ceremony at the Dalian Shipbuilding Industry Co. (DSIC) yard in Dalian, China.Keel laying is a ceremonial recognition of the…
Shell's former chief executive, Ben van Beurden, received a pay package of 9.7 million pounds ($11.5 million) last year, up 53% from 2021, the group said in its annual report on Thursday.The oil major delivered a record $40 billion profit in 2022…
British marine engineering services firm James Fisher and Sons plc announced it has appointed Jean-François Bauer as Group General Counsel.The appointment, which came into effect January 3, 2023, sees Bauer take on responsibility for the company’s legal function…
A group of investors with $1.1 trillion in assets under management has joined climate activist group Follow This in asking TotalEnergies shareholders to push for more ambitious targets on emissions cuts.The resolution filed for the company's…
Japanese oil company Inpex has submitted a revised development plan for Abadi LNG project in Indonesia, incorporating a carbon capture and storage (CCS) component, on behalf of the INPEX-Shell joint venture.Inpex has amended the plan of development…
Offshore engineering and construction firm McDermott said Monday it had won a front-end engineering design (FEED) contract with Shell Trinidad and Tobago Limited for the Manatee gas development project.Under the contract scope, McDermott will…
It will likely be difficult to determine who blew up the Nord Stream pipelines connecting Russia and Germany in the Baltic Sea last year, Sweden's prosecution authority, which is investigating the incident, said on Thursday. The Sept. 26 explosions…
The Group of Seven rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward a quicker phase-out of fossil fuels.But they stopped short…
Irish-Spanish consortium IberBlue Wind plans to invest more than 4 billion euros ($4.36 billion) in two [floating] wind farms off the Atlantic coasts of Portugal and Spain, it said on Tuesday.IberBlue said in a statement it aimed to create a combined installed capacity of 1…
AFC Equity Investment has agreed to buy Aker Energy, a company working to develop the Pecan oil field offshore Ghana, from Aker Capital and The Resource Group TRG AS.Aker today holds 50.79 percent of the shares in Aker Energy, and TRG holds 49…
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