Sunak cancels Budget and promises financial package to replace furlough scheme
Rishi Sunak has cancelled this year's Budget and will instead prioritise protecting millions of jobs in sectors hit by the latest Government guidance on Covid-19.
Rishi Sunak has cancelled this year's Budget and will instead prioritise protecting millions of jobs in sectors hit by the latest Government guidance on Covid-19.
Upstream investment firm Reabold Resources has hailed a significant boost to its footprint west of Shetland through its stake in Corallian Energy.
Private-equity-backed Neptune Energy has kicked off the subsea construction phase of its Covid-delayed Seagull project offshore UK.
Subsea technology firm Interventek, of Aberdeen, has clinched an eight-figure deal to supply equipment to US energy service giant Baker Hughes.
Barclays Eagle Labs, in partnership with Opportunity North East (ONE), a private sector group delivering transformational projects in the north east of Scotland, and CodeBase, the UK’s largest technology incubator, is launching an EnergyTech initiative to accelerate innovation in the UK Energy sector.
Hurricane Energy said today that Alan Parsley had resigned as non-executive director of the UK offshore oil and gas business.
It is hard to believe it is 10 years since we started Apollo, and on the other hand, it’s hard to believe it’s not more. What a journey! Filled with excitement, challenge, opportunities, great clients and a fantastic bunch of people that have got us to where we are today.
I read with keen interest Sanjoy Sen’s recent Energy Voice article that criticizes me for causing dithering to the UK’s pathway to net zero. I would challenge much of his narrative and assertions.
An Aberdeen-based angel investment syndicate is inching towards its fifth and sixth portfolio companies just a year after launch.
The leading representative body for the UK’s offshore oil and gas industry has hailed the grit and resilience of the thousands of people working for the critical sector as it opened nominations for its annual awards today.
After reporting a $5 billion loss, Malaysian national oil company (NOC) Petronas is eager to see new money flow into its domestic upstream sector, especially as the majors, such as ExxonMobil, seek to exit the Southeast Asian nation.
The Oil and Gas Authority (OGA) has appointed a BP and Chevron veteran is its new central North Sea area manager.
ExxonMobil's UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the US oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.
Oilfield service firm Petrofac has taken delivery of a second freefall lifeboat at its marine training centre in Aberdeen following an investment of £200,000.
Wood, of Aberdeen, is teaming up with gas distribution network company SGN to create a "decarbonisation roadmap" for the north-east and east coast of Scotland.
A new wind turbine contract for a major North Sea development will lead to the creation of around 120 jobs near Hartlepool.
One of Britain's biggest gas networks has called on the Government to allow it to mix 200 times more hydrogen into gas that is pumped into homes across the country, a move that it says would reduce carbon emissions by six million tonnes a year.
Bosses at Longboat Energy said today they were making “good progress on several fronts” in their quest to complete a maiden acquisition for the London-listed firm.
Earlier this year the UK Government announced that onshore wind would be eligible to compete in the fourth Contracts for Difference (CfD) allocation round in 2021, a welcome outcome which will help ensure onshore developments will play a prominent role in the ‘green recovery.’
The Covid-19 pandemic has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around $53 billion from 2019’s $190 billion, Rystad Energy says.
An Aberdeen-based duo have claimed their Australian venture is “on the cusp” of becoming a major, international onshore, conventional gas exploration and production company.
One of Hurricane Energy’s institutional investors has said the oil firm’s recent technical review, which included a huge downgrade to reserves and resources, was “persuasive but not conclusive”.
Iran's president dismissed US efforts to restore all UN sanctions on the country, as mounting economic pressure from Washington pushed the currency down to its lowest level ever on Sunday.
Private-equity backed Zennor Petroleum has pushed back the date of first gas from its flagship Finlaggan project by about a year, to the fourth quarter of 2021, as a result of Covid-19.
A proposed new North Sea collective bargaining agreement will level the playing field for service companies and give workers more protection during turbulent times, industry chiefs said.