Scottish marine energy sector must be ‘nurtured’ to be commercial success, Malin Group says
A Scottish engineering firm has called on the UK and Scottish governments to create “crucial” connections to help the country’s marine energy sectors.
‘We want to hear a Scottish voice’ on every overseas renewables project, trade body chief says
A future vision for exporting energy sector talent would “hear a Scottish voice” on every overseas renewables project, according to a trade body boss.
Renewable energy powers 40% of UK as it outstrips oil and gas for first time, analysis shows
Renewables generated more than 40% of Britain's power in the first three months of the year - overtaking fossil fuels for the first time, analysis shows.
SSE argues to defer ‘unprecedented’ £500m Covid-19 bill
SSE has argued for the deferment of a £500 million industry bill caused by a lack of energy demand during the coronavirus pandemic.
North Sea gas market set to hit ‘deadlock’ over summer, Woodmac claims
The UK gas balance has reached a deadlock for the summer, according to energy research firm Wood Mackenzie (Woodmac).
Aberdeen rig inspection firm launches offshore audit to help prevent spread of Covid-19
Rig inspection firm Aberdeen Drilling Consultants (ADC) has launched a resilience audit to help prevent the spread of Covid-19 on North Sea installations.
Forestry firm defends land clearance for ‘controversial’ Caithness onshore wind farm
A Perthshire forestry firm has defended its decision to start clearing land to make way for a controversial Caithness wind farm.
‘Big win’ as Shell urged by more shareholder activists to meet climate targets
A shareholder activist group has claimed a ‘big win’ after an increase in the number of investor votes urging Shell to meet its climate targets.
Scottish North Sea wind farm to resume construction after Covid-19 stoppage
A £2 billion Scottish wind farm development is to resume construction after the project was halted following the coronavirus pandemic.
EY report: Renewables ‘safer-haven for long-term investment’ as UK jumps up attractiveness index
Renewables could be a “safer-haven for long-term investment” if the UK continues to shoot up the global clean energy attractiveness index, a new EY report has claimed.
London’s carbon emissions plummet by 60% during lockdown, analysis finds
London's carbon dioxide emissions have fallen by almost 60% during lockdown, analysis suggests.
PD&MS secures multi-million Spirit Energy deal despite industry ‘challenges’
An Aberdeen-headquartered engineering and construction firm has secured a multi-million pound deal with a North Sea operator despite industry “challenges”.
‘Desperate situation’ for North Sea oilfield service firms as furlough costing six figure sums
Many North Sea oilfield service firms are being left in a “desperate situation” over whether to axe staff or pay mounting maintenance costs to keep them on furlough.
WATCH: BP ushers in Covid-19 measures at North Sea ETAP field
Oil and gas giant BP has introduced a raft of measures to protect staff against the spread of the cornavirus at its North Sea ETAP field.
Wood plans more onshore redundancies due to ‘further project deferrals’
Aberdeen-headquartered energy services firm Wood has confirmed it will make more onshore redundancies as a result of reduced contracting and further project deferrals.
OGUK enlists BP, Shell, Wood bosses to fathom North Sea recovery as ‘hard decisions’ loom
An oil industry representative body has announced the formation of a North Sea recovery taskforce as “hard decisions” start to bear down over thousands of redundancies in the sector.
Petrofac to ‘target additional savings’ as it looks to weather Covid-19 storm
Oilfield services firm Petrofac will "target additional savings" as the firm looks to weather the financial storm caused by the outbreak of Covid-19 and low oil prices.
Oil heads towards third weekly gain as major producers cut supply
Oil is heading for a third weekly gain on signs the market is slowly rebalancing as major producers cut supply and consumption recovers after a historic collapse in demand due to the coronavirus.
Sasol may add pipeline and Qatar plant to disposal plan
Sasol Ltd. is considering additional divestments, including the potential sale of stakes in an African gas pipeline and a Middle Eastern plant, as it explores ways to reduce its $10 billion debt pile, people with knowledge of the matter said.
Majority of TechnipFMC UK job cuts to impact Aberdeenshire workforce
TechnipFMC UK job cuts are to largely impact its subsea workforce in the north-east as the lion’s share of proposed redundancies have been served to Westhill staff.
Prosafe vessel fleet use down by almost half in first quarter of 2020
Vessel-owner Prosafe has reported a significant knockdown in its fleet utilisation rate for the first quarter of 2020.
Offshore wind must mimic North Sea export ‘battles’ and ‘win them on a global stage’, Orsted boss says
Orsted’s UK boss last night called on the country’s offshore wind sector to pick export “battles” like to the North Sea oil and gas industry and “win them on a global stage”.
US oil anchored near $25 as market braces for uncertain recovery
WTI was anchored near $25 a barrel as investors weighed cuts to supply by major producers such as Saudi Arabia against lingering concerns over the pace of recovery from virus-led demand destruction.
Quantum seeks $5.5bn for new fund amid energy-market rout
Quantum Energy Partners is in discussions to raise roughly $5.5 billion for a new fund designed to pounce on opportunities that arise amid turmoil in energy markets, according to people with knowledge of the matter.
Small Irish terminal draws US oil with global storage site
A cluster of ships with American oil has been heading to a small terminal in southern Ireland as buyers search for places to store crude in the wake of a global demand slowdown.