Overweight rig project with Statoil weighing down Aker Solutions
Statoil said today that an oil rig project under development with Aker Solutions has overshot its budget and target weight.
Downward pressure on Brent futures from China
Brent crude futures fell below $102 per barrel today over fears that oil demand from China may fall, as the dollar remains strong.
All-Energy 2013: New renewables industry group puts birds in the spotlight
Four of Scotland’s largest renewable firms said today they had teamed up with the Scottish Government and environmental organisations to better understand the effect of wind turbines on the bird population in Scotland.
All-Energy 2013: £29bn earmarked for UK renewables since 2010, says Davey
Energy Secretary Ed Davey said yesterday £29billion worth of investment had been announced for spending on UK renewable energy projects since 2010.
All-Energy 2013: GIB stokes up biomass boiler company
The Edinburgh-based Green Investment Bank (GIB) will be involved in a £10million investment into biomass boiler firm Roundwood.
All-Energy 2013: Valuation of projects ‘key’ for investors
A renewable-energy leader yesterday stressed the importance of accurately valuing projects to ensure investor confidence.
All-Energy 2013: Panel discusses ways to move industry forward
Scottish Energy Minister Fergus Ewing said yesterday at All-Energy 2013 that the next step for renewables would depend on the UK Government's plan for energy reform.
All-Energy 2013: New funding boost for wave energy industry
Scottish Energy Minister Fergus Ewing used All-Energy to relaunch the Scottish Government's £18million marine renewables commercialisation fund (MRCF) to only support wavepower projects across the country.
Scots universities join forces to help lift renewables sector
A new offshore wind institute will be launched today by three Scottish universities to help develop the sector in the North Sea.
Emec takes centre stage at All-Energy
All-Energy is providing a showcase for renewable energy firms from across the north and north-east.
HWE’s £2m biomass heating deal for NHS sites
Highland biomass heat specialist HWEnergy (HWE) said yesterday it had won a £2million contract to provide heating systems to 10 NHS Highland sites this year.
Talisman Energy to receive cashflow boost from Vietnam project
Oil and gas firm Talisman Energy said today oil production had started from its Hai Su Trang and Hai Su Den (HST/HSD) developments, offshore Vietnam.
Xcite sells Bentley well data for £9.9million
Xcite Energy said today it had sold technical data from two of its wells at the Bentley field for £9.9million to an undisclosed purchaser.
GIB opens doors to green energy lending
It is expected that the Green Investment Bank will only be able to exercise its full borrowing powers for the initial £3billion capitalisation in 2015.
New measures planned to protect EU PV manufacturers against Chinese
Solar panels are back in the headlines, this time because of perceived unfair competition by the Chinese.
Geothermal proves to have potential but very little UK interest
It seems that Scotland could find an answer to the problem of sourcing heat by tapping into the growing interest in geothermal energy.
Spanish regulator accuses oil majors of price collusion
Oil price fixing has come under the spotlight again as Spanish energy regulator CNE said today three oil companies may have colluded to increase fuel prices at the pump.
Petroceltic delays listing to complete Algerian farm-out
Irish oil and gas firm Petroceltic is to postpone its listing on the London and Irish stock exchanges until after it completes a second-farm out agreement for its Isarene permit.
Lamprell on track to complete finance restructure
Oil rig maker Lamprell said today it was on track with its debt restructuring plan, as the company recovers from a 2012 loss.
Evidence gathering continues in oil trading probe
European anti-trust investigators searched the offices of price agency Platts and at least one major oil company for a third day yesterday, according to news service Reuters.
BP set to seek Cameron’s help as oil spill costs escalate
Oil and gas major BP wants Prime Minister David Cameron to intervene over escalating compensation costs in the US over the Gulf of Mexico oil disaster in 2010, according to the BBC.
Project progress for Premier despite production blip
Premier Oil said yesterday the first phase of its west of Shetland Solan development project had started on schedule, with drilling underway.
Petrofac expecting “modest” profit growth after Algerian terror attacks
Energy service giant Petrofac said yesterday its net profits growth was down following January’s terrorist attacks in Algeria.
New gas find for Noble off coast of Israel
US firm Noble Energy said today they found "significant signs" of gas at an exploratory well at a new field off the coast of Israel.
Shell gas supply halted in Nigeria after suspected pipeline leak
Shell said today its gas supply to liquefied natural gas producer Nigeria LNG was halted yesterday morning due to reports of a leak on the Eastern Gas Gathering System pipeline in Nigeria's Rivers State.