Catch-up on all the week’s top news with Energy Voice’s Friday Five. Scroll through our gallery to see what our top stories this week have been.
The UK Government has called on Scottish businesses and workers to help shape a modern industrial strategy to drive growth across the country.
As companies continue to adapt to the challenges affecting the oil & gas sector and search for ways to make improvements in efficiency, there is a risk that investing in innovation can, in some circumstances, become a casualty.
Eight months after COP21 CEOs of oil majors talk about CCS, gas for coal and a transition towards a low carbon future, but there is still a lot more that can be done.
We've gone electric, and there's no going back at this point. Lithium is our new fuel, but like fossil fuels, the reserves we're currently tapping into are finite—and that's what investors can take to the bank.
Blaze goes a step further with a modular system that can deliver both safety improvements and reduce costs.
The Oil and Gas Authority (OGA) is looking to make a number of permanent appointments at its headquarters in Aberdeen.
Government support for new low-carbon industries should be targeted at communities hit by the demise of heavy industry, says a new report.
Progress on cutting greenhouse gas emissions from homes, transport and industry has stalled, the Government’s climate advisers have warned.
The oil and gas industry is in a state of flux and companies are continuing to tighten purse strings in an effort to protect profit margins. Dan Ibbetson from Aggreko examines five of the issues sending shockwaves throughout the sector and why overcoming these could support a company’s ability to compete at the top of the market, now and in the future.
Tata has declined to comment on reports and rumours of potential buyers and investors into its loss-making UK steel business.
A pipeline which is buried under three New England states has been mothballed after 75 years.
The first meeting of a government-convened group aimed at tackling the crisis in the steel industry will be held on Wednesday.
Ministers are understood to be considering a "big" tax cut to help the North Sea oil and gas industry.
The OGA (Oil and Gas Authority) is looking for a new head to join its team.
The thousands of attendees seeking reasons for optimism didn’t find them at the annual International Petroleum Week. Instead they were greeted by a cacophony of voices from some of the largest oil producers, refiners and traders delivering the same message: There are few reasons for optimism. The world is awash with oil. The market is overwhelmingly bearish.
Sometimes MSPs have to keep asking the same question, and I’ve long since lost count of the number of times I’ve asked how many jobs have been lost In Scotland since the oil jobs crisis began over a year ago.
UK industry suffered its worst monthly performance since 2012 in December in a tough end to the year for manufacturing firms and as record mild weather hit demand for energy. Official figures showed industrial production fell by 1.1% during December - the steepest fall in activity since September 2012 - which left the sector nursing a 0.5% drop in the final quarter.
Firms are facing an “unprecedented” shortage of skilled workers, with the threat that thousands of vacancies will be left unfilled, a new report has warned. The number of posts left unfilled has increased by 130% since 2011, according to the UK Commission for Employment and Skills.
The “devastating” impact of the crisis gripping the steel industry has been revealed in figures showing how difficult it is for workers to find other jobs. A government report showed that over half of SSI steel workers in Redcar are still looking for work four months after the plant closed.
Three major factors have combined to create a perfect storm in the sector. First and foremost, the surplus in oil production is depressing oil prices and stifling cash flow. Secondly, the existing debt overhang is exacerbating that issue to critical levels.
An SNP MSP has called for a “year of action” by the government in the oil and gas industry. Mark McDonald gave his backing to Sir Ian Wood who, in an interview with Energy Voice, said the offshore sector had to “keep cool” and “not panic”. The former Wood Group Chief Executive said that the industry could not afford to lose “good companies” while the oil price dipped under $30 a barrel.
Interest from a metals group in Tata Steel’s two mothballed Lanarkshire plants is a “positive step” for those aiming to keep them open, the business minister has said. Fergus Ewing insisted there was a “degree of optimism” after Liberty House emerged as a potential buyer for the Dalzell and Clydebridge works.
Test your knowledge of some of the biggest news stories of 2015 with Energy Voice’s End of Year Quiz.
Resilience was the word of 2015 amongst the oil and gas sector. It’s been hard to stay positive, stay focused and to consider growing the business when it’s felt for many like a daily battle of challenges and stresses. So how as leaders do we work to continue to grow our businesses when everything around us seems so problematic.