Serica snaps up Parkmead North Sea assets for £14m
The "great" deal for Serica marks the end of Parkmead's long North Sea run
Markets
Canada’s Connaught sells out of UK gas field to bullish Reabold
Reabold Resources (AIM:RBD) has bought out its partner in Rathlin Energy, the operator of an onshore gas development in East Yorkshire.
Durham clean power technology H2CHP raises over £2m
Investors alongside Scotland-based syndicate Tricapital Angels means the clean power technology will be developed in Durham, Edinburgh and Aberdeen.
‘Historic day’ as £4bn Teesside carbon capture project goes ahead
The UK’s first ever carbon storage permit has been awarded to BP, TotalEnergies and Equinor’s joint venture project, the Northern Endurance Partnership (NEP).
SSE, Siemens Energy partner on UK hydrogen power acceleration
SSE (LON:SSE) and Siemens Energy (FWB:ENR) have launched a new collaboration, Mission H2 Power, aimed at developing gas turbine technology capable of running on 100% hydrogen.
Time To ACT tests ‘breakthrough’ generator at Blyth
Engineering technology group Time To ACT (TTA: AQSE) is testing a "breakthough" generator design which it says is causing the "highest level of excitement" in the offshore wind industry.
Centrica on track for full year despite storage business loss
British Gas owner Centrica (LON:CSA) is on track to meet full year expectations despite predicting a loss at its storage business which includes the UK's strategic North Sea gas store, Rough.
Star Capital backs Aberdeen-based STR in multi-million pound deal
Private equity firm Star Capital has taken a majority stake in Aberdeen-based Subsea Technology and Rentals (STR) in a multi-million pound deal.
Wood signs trio of new agreements with old customer BP
Energy services firm Wood (LON:WG) confirmed is has won three new contracts with BP (LON:BP), extending a decades-long relationship between the two firms.
Bank giant ING optimistic about investment ‘greeniums’ next year
Sustainable finance could deliver a premium as banks retrench from fossil fuels: ING expects greater clarity on energy transition finance next year.
‘Anger’ over Scottish budget plan to raid ScotWind windfall
Scotland's finance minister has been warned against raiding a windfall gained through sale of renewables licenses and has been urged to reinvest it in the energy transition.
Aberdeen’s OEG seeking up to £100m in acquisitions a year
Aberdeen's OEG Energy Group has bought up 14 businesses in the last four years and boss John Heiton aims to maintain the pace.
Clean power mission 2030 will take a ‘Herculean’ effort from supply chain
The UK government’s 2030 clean power targets will take a “Herculean” effort from the supply chain, according to Yselkla Farmer, chief executive of energy infrastructure trade association Beama.
Venterra secures £30m bond facility for international growth
Offshore wind services business Venterra Group has secured a £30 million bond facility from HSBC, backed by the UK government’s export credit agency UK Export Finance (UKEF).
COPping out – parsimony wins the day in Baku
COP29 was principally about adaptation finance, but it delivered little in the way of hard cash and even less in terms of the international solidarity required to address climate change.
Exclusive: Power Roll fundraising for 1 GW solar film factory in County Durham
The solar film developer is raising £30 million in funding to “revolutionise” the global solar industry through lightweight roll-to-roll technology that is not reliant on rare earth minerals.
Union Jack Oil remains bullish on Wressle despite court ruling over emissions
Union Jack Oil plc’s (AIM: UJO) executive chair David Bramhill has said controversially that the “most productive phase” of the Wressle oil field still lies ahead.
Serica relief as North Sea tax regime offers ‘opportunities’
Independent North Sea producer Serica Energy (AIM: SQZ) welcomed changes made to the UK's offshore oil and gas tax regime in its most recent update.
Parkmead confirms ‘discussions’ over sale of North Sea assets
Parkmead Group (AIM:PMG) boss Tom Cross confirmed he is "in discussions" over the sale of the firm's North Sea assets as the energy group turns its focus to renewables and international markets.
Hydrogen market will be £7bn a year opportunity for the UK
With UK government backing, the market for low-carbon hydrogen may be poised for take-off.
Shore Capital bucks the trend as banks retrench from oil and gas
A UK investment bank says it is committed to expanding its oil and gas franchise amid widespread retrenchment from the sector.
Ithaca hands $200m to shareholders following ‘combination’ with Eni
The North Sea firm also confirmed controversy-hit Rosebank field was on track for first oil in 2026/27
Battery storage fund Gresham House welcomes ‘scarcity pricing’ boost
Higher electricity prices is good news for Gresham which said volatility was "encouraging".
Subsea firm Tekmar wins £1.5m contracts in Middle East
North East England-based Tekmar Group (AIM: TGP) has announced it has won contracts worth over £1.5 million with customers in the Middle East.
Petrofac extends loan payment ‘forbearance’ once again
Beleaguered oil field services group Petrofac (LON:PFC) has struck a deal to delay payment to lenders another month as the debt-burdened firm continues its restructuring plan.