Energy sector to check out improved standards for vulnerable customers
The energy industry is to investigate how it can improve its standards of care and support for vulnerable customers.
energy
Energy sector running low on ‘mega deals’ with conservative spending
There was plenty of dealmaking in the energy sector last year, but most acquisitions were smaller and the pace of so-called mega deals slowed significantly.
Altus Intervention acquires package of industry-leading thru-tubing products
Altus Intervention has acquired a package of industry-leading thru-tubing products and services for an undisclosed sum.
Energy firms could be targeted by “crippling” cyber-attack within two years
Oil and Gas companies in charge of critical infrastructure in the UK could be targeted by a “crippling” cyber-attack within the next two years, according to a security chief.
Young people in the dark on energy tariffs
More than half of 18 to 24-year-olds and a quarter of families don’t know whether they have a standard variable tariff (SVT) or not, new figures show.
Energy workers urge government to fund national skills programme
Energy workers are urging the Government to fund a national skills programme to tackle the "crisis" of a lack of suitably qualified staff.
Consultation of state-owned energy company for Scotland due next year
A public consultation on the establishment of a state-owned, not-for-profit energy company will get under way late next year, MSPs have heard.
Woodside dishes out Greater Enfield contract
Woodside has awarded ICON Engineering the Greater Enfield subsea rig interface work.
Half of customers are set to up sticks from Big Six, new report reveals
Millions of customers are planning to leave Big Six energy suppliers within a year for cheaper deals, greener energy or better customer service, a study reveals.
May hopes energy price cap will make industry change early
The Government's energy price cap legislation has sent an "important message to the industry" the Prime Minister has said as she expressed "hope" that it would "make changes even before we get the legislation on the statute book".
Arctic oil promise keeps Norway’s disappointed wildcatters going
It’s been a bad year for oil explorers in Norway’s Arctic: a record campaign in the Barents Sea yielded little; the most exciting well in years proved to be a flop; and Norwegians grew increasingly skeptical about the industry that made them rich.
Regulator urges energy suppliers to be sensitive to customer debt
The energy regulator Ofgem has urged suppliers to help customers before they get themselves into unmanageable levels of debt.
Aramco plans `mega investment’ in oil’s demand growth center
Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market.
Dick Winchester: Scotland’s wider economic and energy futures are intertwined
The recent announcement by the Scottish Government of their ideas for Scotland’s economic future certainly got my attention. The First Minister Nicola Sturgeon said in a speech just prior to the announcement that she believed that Scotland had to lead the “key technological and social changes of the future”. Significantly, she added that she wants Scotland to be “the inventor and producer of the innovations that will shape the future, not just a consumer of those innovations”.
Opinion: Fracking ban – it is just politics
The recent announcement by the Scottish Government on fracking was no surprise. No amount of evidence-based material would have countered entrenched public opinion. Opinions formed through exposure to very poor media reporting and scaremongering.
New training fund targets oil workers for STEM teacher roles
A £20,000 bursary to cover teacher training has been announced by education secretary John Swinney, following calls to avert a crisis in north-east schools.
Freemont makes oil discovery in Florence field
Freemont Petroleum Corpration today confirmed an oil find its western flank of the Florence field in Freemont County, Colorado.
Statoil’s wildcat bites dust
Statoil's wildcat in the Barents Sea came up dry, the Norwegian Petroleum Directorate today confirmed.
Energy Regulator ‘should use powers to cap poor value standard tariffs’
Business Minister Greg Clark has urged the energy regulator to get on and use its powers to cap poor value standard tariffs for millions of consumers.
Want free parking? Drive an electric car in Dubai
Dubai, with its 14-lane highways and car-dependent residents, will provide free parking and toll-free driving to encourage motorists to shift to electric cars as a way of cutting carbon emissions in the oil-rich United Arab Emirates.
Aker wins Statoil work for giant Troll
Aker has landed a contract with Norwegian operator Statoil.
Opinion: Accountants are the next big thing in renewable energy
What's the most important innovation behind the rise of renewable energy: Taller wind turbines? Smart power grids? Spray-on solar cells?
Greece legal action launched over oil tanker pollution
The World Wildlife Fund (WWF) has filed a lawsuit in Greece over extensive pollution along Athens’ coastline following the sinking of a tanker near the port of Piraeus.
Regulatory changes to drive M&A activity for oil and gas industry
Dealmakers in the oil and gas sector believe the recent deregulatory environment will drive more M&A activity, with new capital poised to flow in, according to a recent survey conducted by Merrill Corporation, a leading provider of virtual data rooms, regulatory disclosure services, and regulated communications. This survey was conducted as part of Merrill’s ongoing webinar series on M&A across various segments, and included industry experts plus nearly 300 dealmakers.
Meeting 1.5C climate goal ‘not out of sight’, scientists say
It is still physically possible to meet ambitious climate goals agreed by world leaders to limit global temperatures rises to 1.5C, scientists have said.