Oil futures bounced back from session lows as stronger-than-expected US economic growth data and signs that Europe may get more stimulus offset some of the fallout from renewed lockdown restrictions.
Energy giant Shell increased its third-quarter dividend payments despite seeing profits plummet due to lower oil and LNG prices, refining margins and production volumes.
A mothballed yard currently on lease to Scottish manufacturer Burntisland Fabrications (BiFab) should be “separated” from the firm “as soon as possible”, according to a Western Isles council leader.
Oil tumbled along with broader markets as swelling U.S. crude stockpiles added to uncertainty over the economic impact of rising coronavirus cases worldwide.
The UK’s ambitious goal to double its renewable energy capacity by 2030 will be achieved already by 2026, a Rystad Energy analysis shows, spurred by a wave of mostly wind power investments. Total installed capacity of solar and wind power plants will climb to 64 gigawatt (GW) in 2026 from close to 33 GW today, with offshore wind taking over the throne as the country’s biggest green energy source.
Aker Solutions reported an upturn in earnings for a third quarter marked by its announcement of plans to merge with fellow Norwegian energy service firm Kvaerner.
By Paul Stockley, Oliver Abel Smith and Dougall Molson
As banks taper lending to oil and gas projects amid a wider push for "sustainable investments", Fieldfisher energy specialists Paul Stockley, Oliver Abel Smith and Dougall Molson consider how fossil fuel companies can contribute to the sustainability agenda.
Trade union leaders have urged Nicola Sturgeon not to give up on Scottish manufacturing firm Burntisland Fabrications (BiFab) as it “teeters on the brink of collapse”.
Energy giant BP returned to profit in the third quarter of 2020 as the firm benefitted from the absence of the huge write-offs and impairments which dented its previous results in August.
Prosafe has won a $13.6 million deal to provide ConocoPhillips with offshore accommodation on the Ekofisk field for the tie-in of the Tommeliten Alpha field development.
What does a failed Scottish wind manufacturer, pirates in Equatorial Guinea and Aberdeen cow pat have in common? They’re all discussed on this week’s EVOL, of course – in association with the International School Aberdeen.
Cenovus Energy Inc. agreed to buy Husky Energy Inc. in a C$3.8 billion ($2.9 billion) all-stock deal that will combine two of the largest players in Canada’s beleaguered oil-sands industry, which is struggling after the slump in crude prices.