Peterhead's Score has confirmed a deal to acquire Drake Controls in Houston for an eight figure sum as it continues its expansion into markets across energy, defence and aerospace sectors.
The UK’s chief scientific adviser on net zero hailed the energy transition’s role in energy security as well as meeting the “urgent” climate imperative.
BP made a profit of $700 million in the first quarter of this year, compared to a $1.95bn loss for the fourth quarter 2024, as the company pushes on with its strategic reset.
Aberdeen-based Wood Group has agreed to sell its US civil construction services business Kelchner Inc to Strength Capital Partners (SCP), a private equity group.
Energy services group Hunting has reviewed the potential impact of Trump administration tariffs as "immaterial" to its business but said it will "monitor closely" the effects of slump in oil price in the wake of global economic turmoil.
The UK lacks a “coherent approach” to monetising trade and industry in the country’s oceans, according to Ryan Mowat, director and chair at the Marine Science and Technology Council at the Society of Maritime Industries UK.
In today’s fast-evolving job market, there are career paths that many young people may not even realise exist—opportunities that go beyond traditional routes and open doors to hands-on experience from day one. Apprenticeships are becoming an increasingly attractive alternative for those keen to combine academic learning with practical, real-world application.
ByCyril Widdershoven, senior fellow, energy security and investments at Strategy International
Just a few short days ago, the Department of Energy announced that the UK’s greenhouse gas emissions had fallen by 3.5% last year – due in large part to a new record for renewable energy generation, such as wind and solar, which now powers more than 50% of the UK’s electricity supply.
Wood shares have plummeted further after a review of contracts from prior years identified "material weaknesses and failures" in the financial culture of the Aberdeen-headquartered firm, the company has revealed.