Crown Estate Scotland to use £70m investment to increase North Sea wind leasing
The Crown Estate Scotland has announced it will use a multi-million investment to increase the scale of commercial offshore wind leasing in the North Sea.
investment
Sainsbury’s to invest £1bn in ‘net zero’ push
Sainsbury's plans to invest £1 billion towards making its operations "net zero" by 2040 - a decade earlier than the UK's legal goal - it has announced.
Oil and gas ‘inward investment’ helping safeguard Scottish jobs, new analysis claims
The number of jobs in Scotland either created or safeguarded through foreign direct investment (FDI) has risen in the past year, according to new analysis.
In Europe’s richest petro-state, the top oil lobbyist is worried
Some of the most powerful people in Norway’s vast oil industry are increasingly worried about what they see as a lack of nuance in the criticism of fossil fuels.
One in three firms ‘scaling back’ investment as Brexit looms
Scottish business activity has fallen by 9% over the last three months against a backdrop of rising costs, falling investment and continued uncertainty, according to new figures.
Oil faces investment crunch as fund managers go cold on fossil fuels, Hurricane CFO says
Medium-sized oil companies are finding it more difficult to secure investment as fund managers’ attitudes to fossil fuels worsen, an industry stalwart said.
‘Granite City investment may draw in financiers’
Investors may soon be lining up to take advantage of opportunities in a growing north-east economy, council chiefs said yesterday.
Here’s why investors can’t get enough of oil with $70 in sight
To really understand what’s helping push oil prices toward $70 a barrel, just follow the money.
No hidden barriers to investment remain, OGA chief says
The boss at the Oil and Gas Authority (OGA) said yesterday that remarkable progress had been made to create an “investment friendly climate” in the North Sea.
Opinion: Investors should look upon Aberdeen as land of opportunity
The eyes of the oil and gas world will be firmly fixed on the Offshore Technology Conference in Houston next week and I’ll be going there with a simple message: if you want to invest, it’s time to put Aberdeen on your radar.
Norway raises oil and gas investment forecasts for 2017
Norwegian companies will invest £14.4billion in oil and gas extraction and transport this year, a 1.9% increase on previous estimates, the country’s stats office said today.
Lobby group warns of lingering lack of investment in Norway
A Norwegian lobby group has warned that the country’s oil and gas sector could be in for another two years of low investment, a news report said.
Energy Ventures to invest $200m in North Sea
Private equity firm Energy Ventures said today that it "believes in the North Sea" after revealing plans to invest $200million (£160million) in the region.
Petrobras slashes business plan 25% to $74bn
Petroleo Brasileiro SA reduced investments by 25 percent and is accelerating asset disposals in its latest business plan as it downsizes to withstand low international oil prices amid Brazil’s deepest two-year recession on record.
BP slashes UK arts sponsorship deals by £2.5mln
BP has announced a £2.5 million cut in sponsorship to Britain’s leading cultural institutions.
Climate change costs fears following £1bn scrapping of carbon emissions storage
Cancelling a £1 billion competition to develop technology to capture and store carbon emissions could push up the costs of meeting climate targets, Whitehall’s spending watchdog has warned.
Shell makes $4bn North Sea investment pledge
Royal Dutch Shell said its spending plans will include a cash injection of around $4billion dollars for the North Sea.
Five African energy projects on track to win $7million cash investment
Five energy projects have been shortlisted for this year's $7million Access Co-Development Facility (ACF).
Investment in Norwegian oil and gas sector expected to continue drop in 2017
Figures have shown investment in the oil and gas sector in Norway will continue to decrease in 2017 as the sector continues to adjust to a challenging market place.
Scottish Secretary David Mundell heads to Texas to drum up North Sea investment
Scottish Secretary David Mundell will travel to the US oil and gas capital next week to promote the expertise of the North Sea.
Steelworkers looking for investors to secure industry’s future
Tata has declined to comment on reports and rumours of potential buyers and investors into its loss-making UK steel business.
NTR closes final investment for wind fund
NTR and Legal & General Capital have announced the successful and final close of its wind investment fund with the addition of a further €50million secured from the Strathclyde Pension Fund.
Texas shale drillers lure $2 billion in new equity to Permian
Oil producers in West Texas, defying expectations they would fall victim to OPEC’s price war, are instead selling investors on the idea that they can still profit with prices below $35 a barrel. Drillers in the Permian Basin, the biggest US shale field, have raised at least $2 billion from share sales over the past eight weeks. And more issuances are on the way as producers try to avoid piling on additional debt.
Sir Ian Wood backs City Region Deal investment
North Sea industry leader Sir Ian Wood said the city region deal announced by the UK Government will help Aberdeen to transition from an operational base to an "international centre" for innovation.
UK and global clean-energy investment hits new records
New figures show record levels of investment in UK and global clean-energy projects. The Bloomberg New Energy Finance (BNEF) report says global spending hit an all-time high in 2015, with nearly £230billion invested. Worldwide installed generating capacity also peaked, thanks to 64 gigawatts (GW) of wind power and 57GW of solar photovoltaic (PV) energy, it adds.