North Sea oil and gas firms are being warned they will need to become “wholly different” if they want to retain their position in the structure of the UK’s economy.
WindEurope has elected Andreas Nauen, chief executive of Siemens Gamesa Renewable Energy (SGRE), as its chairman for the next 18 months.
Wind and solar power have become even cheaper compared to fossil fuels in the past year, making them an attractive way to stimulate economies recovering from the Covid-19 pandemic, according to Lazard Ltd.
Scotland's oil and gas and tourism businesses can help lead the UK's economic recovery, according to a senior director of the Bank of England.
Hopes for economic recovery in the US today offset the damage caused to banking stocks hit by fears over Spain's struggling economy.
A meeting between UK Government officials and oil firm bosses is to be held in Aberdeen next week in a bid to drive the future health of the industry.
London's leading shares index struggled to find direction today as downbeat housing data in both China and the US saw the recent optimistic mood stutter.
Last year was quieter than recent years for mergers and acquisitions activity in the Scottish market, though there was heightened activity in the last three months of 2011.
The boss of energy service giant Schlumberger said yesterday that provided the global economy continued to show signs of recovery, the worst of the recession was behind.
Cairn Energy said yesterday it had agreed a farm-out deal with PICL, the overseas arm of Malaysian state oil company Petronas, on acreage offshore Greenland.
SAUDI petroleum minister Ali al-Naimi has warned that a "premature shift" to renewable energy sources could jeopardise investment in the oil sector and significantly slow global economic recovery.