Skyrocketing carbon prices and a “code red” warning about the threat posed by climate change are giving fresh momentum to a technology that captures and removes greenhouse gas emissions so they can be buried.
The “big four” accountancy firm KPMG has appointed a former oil and gas partner at rival EY to its energy practice.
Four independent non-executive directors of Serba Dinamik have resigned, citing differences of opinion over the Malaysian oil and gas services company’s decision to take legal action against its former external auditor, KPMG.
A recruitment agency based in Aberdeen has appointed private-equity investment expert Jock Gardiner as its chairman.
Serba Dinamik, one of Malaysia’s leading oil and gas service and equipment companies, has been put on a Rating Watch Negative (RWN) list by Fitch Ratings as the firm faces an investigation over unverified contracts.
A new survey has highlighted a “significant improvement” in confidence levels among North Sea oil and gas contractors who are also increasingly looking to weigh in for the energy transition.
Storegga Geotechnologies, the lead developer behind a north-east carbon capture and storage (CCS) project, has appointed Alistair Buchanan CBE as a non-executive chairman.
Recently I was briefing one of my fellow colleagues at KPMG ahead of a meeting with a Government Minister. He asked me about ESG reporting and as I marshalled my thoughts it came home to me just how critical reporting really is to progressing this agenda.
Energy sector figures have hailed the North Sea Transition Deal for recognising the oil and gas industry’s key role in the UK’s shift to net zero.
Westminster is being urged to ensure that plans for net zero remain a “top priority” for businesses and society in its upcoming spring budget.
National Oil Corp. (NOC) and KPMG Tunisia have reached a deal on new financial and administration systems.
Accountancy firm KPMG has launched a new specialist energy lead advisory practice with the aim of supporting clients through the energy transition.
It’s hoped commitments to put energy transition “at the heart” of economic recovery plans could go some way to reversing negative trends in the oil and gas industry.
Around a fifth of North Sea oil and gas contractors have warned they expect to make further job cuts in 2021 as they continue to deal with ongoing turmoil in the sector.
UK businesses are facing an era of unprecedented disruption and transformation as a direct result of climate change.
As the UK prepares for a potential second national lockdown, it’s forgivable that some people might argue ‘now is not the time’ to address climate change and the wider ESG agenda. In my view, the challenges we’ve all faced over the last year reinforce the need for the business community to take action right now and lead from the front.
North and north-east firms are being warned not to ignore letters from HM Revenue and Customs (HMRC) seeking clarification over their applications to the UK Government’s Coronavirus Job Retention Scheme (CJRS).
An Aberdeen-based angel investment syndicate is inching towards its fifth and sixth portfolio companies just a year after launch.
To describe the last few months as a challenging period for the energy sector would be an understatement.
A dozen “pioneer” start-ups are taking part in the Oil and Gas Technology Centre (OGTC)’s third annual TechX Accelerator programme.
Two senior tax professionals have joined the Scottish tax team at EY in the latest announcement of growth and investment by the professional services firm.
Award-winning Scottish subsea gadget firm WFS Technologies has been bought out of administration in a so-called "pre-pack" deal, saving 19 jobs.
KPMG’s boss in Aberdeen, Martin Findlay, has said it is “something of a badge of honour” to have become the professional service firm’s first senior partner to have no fixed abode.
KPMG is calling on the UK Government and business community to put the green agenda at the heart of its economic recovery plans.
A wave of restructuring will wash through the North Sea oil industry as firms battle to make themselves “fit” for the new reality, a top accountant has said.