Aberdeen’s Wood Group rejects third Sidara takeover bid
Aberdeen-headquartered engineering services firm Wood Group (LON:WG) has rejected a third improved takeover bid from Dubai-based Sidara.
Conservatives set out plan to make switching energy supplier easier
Households could find it easier to switch to cheaper, more consumer-friendly energy suppliers under plans being set out by the Tories.
Updated: Starmer calls for Scottish voters to help Labour’s path to power
Keir Starmer put Scottish voters at the heart of his campaign to become prime minister, urging them to vote for his opposition Labour Party to end the Conservative Party’s 14-year grip on UK power.
NZTC sets out plan to export hydrogen from Scotland to Germany
A new report from Aberdeen's Net Zero Technology Centre (NZTC) has found Scottish hydrogen exports could meet up to 100% of German import demand by 2045.
UK’s National Grid plans huge capital raise in net zero push
National Grid Plc plans to raise £6.8 billion ($8.7 billion) of capital to help fund a massive investment program as the shift to net zero requires a sweeping overhaul of Britain’s power network.
UAE’s Adnoc to buy Galp’s stake in Mozambique LNG project
The United Arab Emirates’ main oil company agreed to buy a 10% stake in a natural gas project in Mozambique, its second major deal this week as it seeks to expand the business globally.
Democrats send Big Oil investigation to US Justice Department
Democrats are asking the US Department of Justice to investigate major oil companies and their trade groups following a congressional probe that concluded the industry spent decades deceiving the public about climate change.
Exxon suit targeting activist climate proposals moves ahead
Exxon Mobil Corp. (NYSE:XOM) can proceed with its lawsuit against Arjuna Capital even after the activist investor group withdrew a shareholder proposal the company opposed, a federal judge ruled.
John Hess personally calls investors to support Chevron deal before vote
John Hess, the boss of the oil company that bears his family name, is talking to directly with shareholders in a last-ditch effort to ensure enough support for a $53 billion takeover by Chevron Corp. (NYSE:CVX), according to people familiar with the matter.
Politicians urged to show ambition on green agenda after election called
Politicians are being warned not to turn the environment into a “culture war” after the General Election was called.
Wave and tidal energy’s ‘chicken and egg’ investment conundrum
Wave and tidal energy firms say they are stuck in a "chicken and egg" investment conundrum, with a lack of project certainty hampering financing options.
Equinor exercises eight well drilling option with Deepsea Aberdeen rig
Norwegian operator Equinor has exercised an option to drill a further eight wells in the North Sea with the Deepsea Aberdeen rig.
SSE posts 4% drop in profit in full year results
Electricity provider SSE (LON:SSE) reported an adjusted operating profit of £2.4bn in its full year results, down 4% on the previous year.
Orcadian Energy finds farm-in partner for North Sea Earlham discovery
Orcadian Energy (AIM:ORCA) has agreed a provisional farm-in deal with an undisclosed partner on a licence containing the Earlham discovery in the Southern North Sea (SNS).
Russian oil flows tick up as Moscow pivots from export curbs
Russia’s crude exports edged higher in the week to May 19, as Moscow prepares to replace a ceiling on overseas shipments with a production limit favored by its OPEC+ partners.
TotalEnergies hit by criminal complaint over climate turmoil
TotalEnergies SE’s (LON:TTE) bosses were hit by a criminal complaint from climate change activists over their alleged role in disasters sparked by global warming.
UK government aims to build next large nuclear plant in Wales
The UK government aims to build a large nuclear power plant in northern Wales as it seeks to boost the stable, low-carbon electricity source alongside wind farms to reach its climate goals.
Exxon, Shell are said to weigh bids for Galp Namibia stake
Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter.
Gigawatt-scale floating offshore wind represents a ‘monumental challenge’
Aberdeen's Apollo and DOF deliver "groundbreaking" study on gigawatt-scale floating offshore wind challenges.
Odfjell Technology buys Aberdeenshire oil services firm McGarian TDC in £3m deal
Offshore engineering services firm Odfjell Technology has acquired Aberdeenshire-based McGarian TDC in a deal worth "in excess of £3 million".
SNP signals re-think to ban on future oil and gas exploration
Net Zero Secretary Mairi McAllan said the SNP will take a "more nuanced" approach than Labour who want to ban future exploration.
Aberdeen’s Three60 Energy secures second multi-million pound deal with Sumitomo
Aberdeen-headquartered Three60 Energy has announced a second multi-million pound deal with Sumitomo Electric for work on a planned high voltage cable factory near Inverness.
UAE oil giant buys into NextDecade LNG in first US deal
The United Arab Emirates’ main oil company bought a stake in NextDecade Corp.’s (NYSE:NEXT) natural gas export project in Texas, in a first US acquisition that also gives it a 20-year supply deal.
Calpers opposes all Exxon directors amid shareholder dispute
Calpers, the largest state public pension fund in the US, will vote against all Exxon Mobil Corp. (NYSE:XOM) directors, saying the oil giant is undermining shareholder rights.
Tens of thousands of jobs in Scotland rest on a ‘just and fair’ energy transition – RGU
RGU report finds political and fiscal instability is hampering the UK energy transition.