Shell joins $700m investment in Norway’s Northern Lights CCS
The developers of Norway’s Northern Lights carbon transport and storage project have taken a final investment decision (FID) on phase two of the development.
Ashtead Technology sees 2024 revenues grow on the back of M&A strategy
Aberdeen’s Ashtead Technology saw revenue growth of 52% for 2024, driven largely by the company’s mergers and acquisitions strategy.
Ithaca expands Seagull holding with JAPEX UK purchase
Ithaca Energy has acquired JAPEX UK (JUK) from its parent company, gaining the company’s 15% interest in the Seagull oil field.
Swinney attacks ‘utterly irresponsible’ and ‘ludicrous’ Tory net zero U-turn
John Swinney has attacked the Tories' "utterly irresponsible" and "ludicrous" U-turn on net zero as he stressed the need for consensus on climate action.
North Sea could produce half of all UK oil and gas in run up to 2050 – report
The North Sea could produce about half of the oil and gas the UK will need in the run up to 2050 - but only if new projects can be developed, industry chiefs have said.
Battle lines drawn on zonal pricing
The debate over whether the UK should adopt zonal pricing has heated up, with utilities Octopus Energy and Ecotricity making statements for and against the initiative.
Wood extends deadline for Sidara to make firm takeover bid
Aberdeen-based oil services group Wood has extended negotiations with Dubai-based Sidara to take over the company.
Power Moves: New renewables managing director for PX Group and more
Tracy Wilson-Long has been appointed to Teesside-based PX Group as its new managing director for power and renewables.
Net zero cannot be ‘in isolation’ from fossil fuels, industry chief to say
The drive for net zero cannot be "in isolation from the hydrocarbon sector", the head of the CBI (Confederation of British Industry) will say today.
Petrofac share trading to be temporarily suspended from May
Trading in the Petrofac’s shares will be temporarily suspended from 1 May 2025 after the company decided to defer publishing its audited annual results for 2024 as it pushes on with a planned restructuring.
UK approves Iberdrola’s purchase of Electricity North West
Iberdrola has received permission from the UK Competition and Markets Authority (CMA) to acquire a majority share in Electricity North West (ENW).
GB Energy shouldn’t be sold as ‘saviour’ to oil and gas industry, says union chief
GB Energy won't create enough new green jobs at scale to replace those potentially being lost in oil and gas, a union boss has claimed.
New Ofgem rules aim to unlock £4bn of grid investment
Ofgem will grant the UK’s electricity transmission owners with early access to almost £4 billion of grid investment for equipment and services.
GB Energy advertises for Aberdeen-based chief executive with £350,000 salary
GB Energy has started a new search for a chief executive to be based at its Aberdeen headquarters.
Project Willow could create 800 jobs at Grangemouth
A series of clean energy projects at the Grangemouth refinery could create around 800 jobs over the next 15 years, according to the Project Willow summary.
Work advances on facility to support Celtic Sea floating offshore wind expansion
Work on a facility to support the expansion of floating offshore wind (FLOW) in the Celtic Sea is “well underway” at Falmouth Docks in Cornwall, according to a mid-March update from Cornwall Council.
Triton FPSO restart pushed back until May
Serica Energy has said that it expects production from the Triton floating production storage and offloading (FPSO) vessel will not recommence until at least May.
Hunting reveals job cuts following $17m buyout
Precision engineering group Hunting is making changes in a bid to restore profitability to its Europe, Middle East and Africa (EMEA) business and adapt to challenges in the market.
Domestic oil and gas needed to drive supply chain through energy transition
The UK must prioritise domestic oil and gas production over imports of LNG to maintain revenues for its energy supply chain as it navigates the energy transition.
Kent to reduce emissions at Wormington Compressor Station in Gloucestershire
Engineering services group Kent has been hired to upgrade the Wormington Compressor Station in Gloucestershire, UK.
OEG Energy Group opens Edinburgh office
OEG Energy Group (OEG) has opened an office in Edinburgh as it aims to strengthen its position in the UK renewables sector.
Energy firm creates 30 Aberdeen jobs after £3m contract wins
An Inverness energy firm has won £3 million worth of contracts since opening its new Aberdeen division four months ago.
Meeting UK net zero targets “impossible,” Badenoch warns
Conservative party leader Kemi Badenoch has warned that it is "impossible" for the UK to meet its net zero targets by 2050, a sign of a crumbling political consensus on clean energy goals.
Government body awards £500,000 to train workforce for Teesside energy projects
Nearly half a million pounds of funding has been allocated to increase workforce training on Teesside, as the region presses ahead with new energy projects.
Exclusive: GB Energy to narrow down investment list over next six months
GB Energy interim chief executive Dan McGrail aims to have a clear list of investment opportunities by the end of his six-month secondment at the planned state-owned energy company.