Subsea Technology & Rentals Ltd (STR), a specialist in the design, production and rental of advanced subsea technology are delighted to announce it has formed a new partnership with CDI, an elite International Pipeline Pig Tracking, Signalling and Communications Equipment Company.
Shares in utility stocks took a late hammering on Wednesday after Prime Minister Theresa May reignited her plans to enforce a price cap on energy bills.
The European Bank for Reconstruction and Development (EBRD) will shut five of its seven offices in Russia next year as its projects are drying up following Russia’s annexation of Crimea in 2014, according to reports.
The biggest current recruiter in upstream? Digitalization, by a distance. Technology is already playing a part in downstream’s recovery from its lows a few years ago. Upstream, urgently seeking structural solutions to its down cycle is following at quickening pace. Digitalization is becoming central to the plan.
Aberdeen Seacroft Marine has launched a bid to raise awareness of the 500m safety zone offshore.
Theresa May has set out plans for an energy price cap and a major programme of social home- building in a determined attempt to show the Government is listening to the concerns of disgruntled voters.
The electricity grid is in a state of flux. Low-cost renewables and the increased use of distributed energy generation represent profound challenges to the operation of a grid built on the assumption of power being provided predominantly by large, centralized generation sources, and consumed as soon as it is produced. In particular, the old model of stable baseload power being supplemented by gas and hydro for peaks in demand is giving way to a world where renewables predominate, supported by other, flexible generation assets for when the sun isn’t shining or the wind not blowing. The severe pressures on power utilities in Europe and elsewhere (and their share prices) reflect the magnitude of this transition.
While there’s a risk oil may slide below $30 as its displaced by alternative energy sources, it will still be used to make petrochemicals, said the head of the enigmatic Chinese company that last month bought a $9 billion stake in Rosneft Oil Co.
Nicola Sturgeon has hailed the opening of an innovation hub for the oil and gas industry as a “real milestone” in its recovery.
The recent Committee on Climate Change report on Scotland’s record in reducing carbon emissions confirmed that the country was still leading the UK, and most other countries, in meeting the 2015 target to reduce emissions and is on track to hit the interim aim of reducing emissions by 42% by 2020. This is to be applauded but the momentum of year-on- year reduction is going to slow. The Committee urged the Scottish Government to reduce emissions across the total economy, particularly heating and transport.
The UK Chancellor has been accused of “gearing up for another betrayal” of the oil and gas sector.
A combination of renewables, gas generation and power storage will dominate the energy market, according to a company boss.
Failure to introduce an outright ban on fracking will be a “betrayal” of Scotland’s climate change commitments, SNP ministers have been warned.
MBA Director at Robert Gordon University (RGU) Dr. Ian Broadbent firmly believes the crucial time for oil and gas professionals to explore MBA options is when the market remains uncertain. Dr. Broadbent considers that the challenges that the industry faces in the 21st century will see the requirements for new jobs become even more stringent, with further education and postgraduate qualifications being essential to career development.
The growth in electric car use could be stalled by the public charging network, according to a new report.
EasyJet could operate flights using electric aircraft within the next 10 years, according to a manufacturer with which it is collaborating.
A network of car charging stations is being developed in South Australia to allow Tesla drivers to visit the world’s biggest lithium-ion battery being built by Elon Musk in the state’s north.
Workers at the Sellafield nuclear site will stage a 24-hour strike on Wednesday in a dispute over pay.
SSE has published its first ‘Valuing Difference’ report and commits to refocusing its human capital strategy to become a truly inclusive organisation.
Private equity firm Energy Ventures has rebranded to EV Private Equity.
China has announced that it will limit energy supplies to North Korea and stop buying its textiles under UN sanctions imposed over its nuclear and missile development, further reducing support from Pyongyang’s last ally.
Scotland’s ambitious climate change targets will be put at risk unless ministers bring froward new policies to curb emissions in sectors such as transport and heating, an expert panel has warned.
Aker has landed a contract with Norwegian operator Statoil.
US stock indexes overcame an afternoon wobble to close mostly higher after the Federal Reserve said it would start reducing its huge bond portfolio next month and was still on track to raise interest rates later this year.
Total has confirmed a 2017 first interim dividend of €0.62 per share.
