Wood bargain Sidara sale process extended
A £240 million bid to buy Aberdeen's Wood Group has been extended as a deadline was due to be reached Thursday.
Markets
Superdielectrics spies £60m for domestic energy storage, possible IPO
The start-up has partnered with E.ON to develop energy storage technology that will lower customer bills.
Hunting says Trump tariffs ‘immaterial’
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.
Aberdeen’s RSD acquired by Grandholm in six-figure deal
Grandholm Production Services has acquired Aberdeen-based RSD Supplies and Services in a six-figure deal.
UK ocean industry could hit £2tn, says maritime council chair
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.
Apprenticeships on the rise: how Score is shaping the future of skilled careers
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.
Starmer loosens climate targets in response to US tariffs
The UK will scale back its ambitions for a transition to electric vehicles by the end of the decade.
M&A and private equity: forces for good?
When it comes to the Scottish economy, and the energy sector in particular, I’ve become pretty much immune to bad news.
‘Phenomenal’ energy innovators secure £150m investment boost
Energy technology firms showcased at an event in Aberdeen impressed leaders from the UK's Great British Energy which is now "ready to get moving".
Subsidies – a critical component of energy financing
Subsidies are of fundamental importance to global energy and food production.
North Sea merger mania: is ‘the writing is on the wall’?
Recent transactions have hinted of a new shape taking place based on current commercial realities and around three key North Sea fields.
UK government to profit from nuclear fusion fund
The UK government has invested £20 million into a nuclear fusion investment fund, the first of its kind outside the US.
The UK’s mineral security: The future of clean energy
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 plunge as report reveals ‘weaknesses and failures’
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.
Ashtead Technology sees “no shortage” of M&A opportunities
Aberdeen’s Ashtead Technology sees ample opportunities to drive its campaign of mergers and acquisitions (M&A) in the near future.
Video: Bluefield banks on solar expansion despite global headwinds
James Armstrong, co-founder of Bluefield Partners, explains how a recent partnership will enable it to tap into pension capital.
Ceres Power strikes ‘record’ 2024
Fuel cell and electrolyser company Ceres Power generated record revenues and orders which narrowed losses in 2024, according to its final results for the year to 31 December.
BP makes first divestment of target $20bn asset sale
Energy firm BP has sold a stake worth $1 billion (£733m) in the Trans-Anatolian Natural Gas Pipeline (TANAP) to Apollo as part of the first tranche of a $20bn asset sale target.
Aberdeen’s OEG snapped up by Apollo in $1bn deal
Aberdeen's OEG Group has been acquired by Apollo in a deal that values the group for more than $1 billion (£770m).
Tokamak Energy to expand nuclear fusion partnerships with Eni, Japanese strategics
UK fusion technology developer Tokamak Energy plans to expand its global partnerships as it commercialises nuclear fusion based power generation.
The Emperor’s New Clothes: BP and Shell’s duck diplomacy
Oil and gas supermajors are kicking frantically below the water’s surface as they attempt to navigate the energy transition. In the second of a two-part series, we examine how BP and Shell have scaled back their low-carbon commitments.
Stranded energy assets put UK on course for $141bn loss, says study
The energy transition is unlikely to take place without the risk of casualties.
Harbour Energy pays 108% UK tax
The North Sea's largest independent operator said it is paying more to the UK tax man than it earns as it revealed its latest accounts for 2024.
Aberdeen’s Xodus expands with acquisition of Daymark
Aberdeen-headquartered Xodus Group has expanded its North American footprint buying up Daymark Energy Advisors.
Statkraft hails ‘best in history’ results despite major profits slump
Norwegian energy giant Statkraft said its performance in 2024 was "among the best" in its history despite "substantially lower power prices" which hit profits.