Energy transactions helped to drive a record year of deals for Johnston Carmichael’s corporate finance team. M&A activity in the sector accounted for about a third of the team’s £600m-plus of deals in the financial year ending 31 May 2023.
If anyone was in any doubt that the lack of a coherent and long-term energy strategy is thwarting our net-zero ambitions, the events and news in recent months, have brought this into sharp focus.
Tidal developer Sustainable Marine Energy (SME) has been placed into administration, driven in part by the failure of its Canadian arm earlier this year.
Climate change and energy transition, shifting from a linear to a circular economy, rising inequality, balancing economic needs with those of society – these are the unprecedented global challenges we all face. Investors, banks, regulators, as well as consumers and employees, are scrutinising businesses like never before and demanding that we address these challenges.
Employment and tax experts have roundly hailed the Chancellor’s shock pledge to scrap contentious IR35 reforms.
Liz Truss’ energy plan is a “sticking plaster”, an expert has said, with more focus needed to decouple gas from electricity generation prices.
Legislation for the energy profits levy passed through the House of Commons recently to the dismay of many in the industry.
Aberdeen-based IT and project management consultancy Core29 has appointed a new managing director.
Oil and gas firms that are not IR35 compliant could soon be hit with “penalty charges” as the ‘soft landing’ period wraps up.
Higher oil prices may act as a “compelling driver” for North Sea operators to face up to their maintenance and operational backlogs.
The “sheer scale of disruption” sparked by changes to IR35 rules have surpassed expectations, an employment expert has said.
Business advisory and accountancy firm Johnston Carmichael has a created a new expert team focussed on the energy transition.
To say that the oil and gas industry has had a lot to contend with over the past year would be putting it lightly.
A bid to create a freeport in the Cromarty Firth is being backed by accountants and business advisers Johnston Carmichael.
Bosses at Three60 Energy are looking to target asset operators “across the globe” after a positive and prosperous last few months.
New IR35 tax rules impacting thousands of workers across the oil and gas industry and beyond come into effect today.
There’s a general view that we should consign the year gone by to history. In oil and gas, and the wider energy industry, 2020 can more accurately be viewed as another challenging time for a sector accustomed to being beleaguered.
Drilling services firm MRDS Group, of Aberdeen, has hired a former Clydesdale Bank area director as its new finance chief.
Employment experts have warned that hopes of a further IR35 delay are “fanciful”, despite months more of Covid lockdown measures coming.
A government review has been launched into new tax rules expected to hit thousands of contractors across the oil and gas industry.
Climate change and the target of achieving net zero carbon emissions by 2035 is having a significant impact on the energy sector, and that trend will continue for the foreseeable future.
More than 220 people gathered in Aberdeen for an event celebrating and rewarding the energy sector’s best young talent.
The Treasury has said it “remains committed” to changes to contractor pay rules by April, despite a delayed budget and the upcoming general election.
Eighty-eight north and north-east jobs have been saved after industrial cleaning and environmental-waste management specialist MSIS plunged into administration and was swiftly acquired by a local rival.
The development of innovative technology solutions has never been more crucial to the oil and gas industry than it is right now.