Wood Sidara takeover bid: How did we get here?
The end of the saga hasn't been decided yet, but how did it start?
Finance
Wood and Sidara bargain buyout talks extended again
The deadline to land a deal has been extended a number of times since the £240 million bid was tabled in April.
Norway’s oil fund calls for European market reforms
The $1.7 trillion fund warned that Europe is falling behind its US and Asian rivals.
Aberdeen’s Hydrasun takes on KC Controls
The deal expands the Aberdeen's firm footprint in the south of England.
Critical minerals have so far escaped Trump’s tariffs war
In April, the US launched a tariff war on many of its large trading partners, as well as a baseline 10% tax on imports from other countries.
Aberdeen’s Centurion lifted by acquisition of Manchester-based Aerial Platforms
Centurion has gained three new operating locations in the North West and North East of England and access to major industrial customers in the lifting equipment space.
US capital could flow to UK offshore wind in wake of Empire Wind halt
Upheavals in US offshore wind, such as the US government’s order to halt work on Empire Wind, could see funding flowing into projects in Europe.
Peterhead’s Score lands another multi-million pound international acquisition
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.
Exclusive: Delayed Blenheim Palace solar project seeks £800m finance package
Planning for the UK’s largest solar farm has hit minor delays, as local opposition mounts despite the project's huge biodiversity net gain.
Peterhead’s Score expands down under with acquisition of BLJ
Score has expanded its operations in Australia with the acquisition of mechanical maintenance and turnaround specialist BLJ In-Situ Solutions.
Shell latest supermajor to announce earnings growth in first quarter
Shell saw its adjusted earnings grow in the first quarter of this year, hitting $5.6 billion compared to $3.6bn in the fourth quarter of 2024.
Net zero ‘protection’ from unstable fossil fuel markets, says DESNZ chief science adviser
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.
Equinor sees first-quarter profit grow year-on-year
Equinor saw its first-quarter profit grow, making an adjusted operating income of $8.65bn compared to the $7.53bn seen in the first quarter of 2024.
BP makes Q1 profit amid strategic reset
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.
Wood sells US construction company as part of divestment programme
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.
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.
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.
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.
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.