‘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".
Finance
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.
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.
Stark says UK power system needs £40bn a year investment
Chris Stark has said investment in the power system needs to nearly quadruple to more than £40 billion annually to meet UK decarbonisation targets.
The Emperor’s New Clothes: Will supermajors survive the energy transition?
Oil and gas supermajors' swan legs are kicking frantically below the surface as they attempt to navigate the energy transition. In the first of a two-part series, we examine Equinor's approach.
Energy Voices – Max Aitken: Clean power – ‘now it’s kind of sexy’
Max Aitken has a richly studded career of investing in innovative clean energy start-ups. From an early investment in BP Pulse, to co-founding bioenergy company Estover, and solar carpark charging company 3ti, he was an early stakeholder in the energy transition.
North Sea catering pioneer Entier sells out to Aramark
North Sea catering firm Entier has been acquired by US food services giant Aramark (NYSE: ARMK) for an undisclosed sum.
Drax biomass subsidy halved
Drax £2 billion BECCS plan has to await further support from the government.
Aberdeen’s Centurion confirms $100m acquisition ‘firepower’ fund
Aberdeen-based Centurion Group revealed it has $100 million (£81m) to spend on continuing its acquisition streak this year after a consortium of lenders boosted its credit facilities.
BP is not moving fast enough in the energy transition
An impending ban on petrol cars and an upcoming government review of drilling licences has created a perfect storm for supermajors.
Siemens Energy share price recovers as it forecasts market – beating Q1
Siemens Energy AG’s share price recovered on Tuesday, rising 7.53%, after it released a preview of its first quarterly results following Chinese AI chatbot maker DeepSeek's rapid disruption of the US market that sent stocks in a tailspin this week.
Hydrogen ‘hard to beat’ but UK lacks incentives, says Mission Control boss
Chris Stark said at a Westminster committee hearing this month that the government will explore funding methods used for renewable power to support hydrogen storage.
East Suffolk MP warned “billions worthlessly invested” in Sizewell C
Campaigners have written to Member of Parliament for Suffolk Coastal, Jenny Riddell-Carpenter, about the billions spent on nuclear project Sizewell C, after costs were speculated to end up spiralling to £40 billion.
Solar harvesting market value could double to $548m by 2034
The solar energy harvesting market is expected to more than double in value within a decade, with one forecast suggesting sun power could account for at least half of all electricity in the UK by 2034.
Quinbrook invests £100m in UK hydrogen refuelling
Global investment manager Quinbrook Infrastructure Partners has invested £100 million of equity into Aegis Energy to fund a roll-out of hydrogen and multi-fuel refuelling infrastructure for fleets in the UK.