Brexit: Pound collapses on Leave win amid warnings of worse to come
The pound has crashed to its lowest level in 30 years as Britain heads for the European Union exit door, with experts warning of worse to come.
The pound has crashed to its lowest level in 30 years as Britain heads for the European Union exit door, with experts warning of worse to come.
A final report on a major investigation into the UK’s energy sector by the competition watchdog is set to be published.
Representatives of the UK's beleaguered subsea industry are taking their plight to Westminster tomorrow to urge policy makers to do everything they can to protect the sector.
International efforts to crack down on tax avoidance could heap more red tape and costs on the North Sea oil and gas industry, accountancy network RSM has warned.
Bibby Offshore has splashed out a seven-figure sum on a new 800-ton carousel that marks a move into the offshore wind array cable installation market.
Mexico’s ambassador to the UK, Diego Gomez Pickering, is visiting Scotland today to discuss business opportunities between the two nations.
New business for Scotland’s private sector grew at an increased pace during May but workforce levels fell for the sixth consecutive month, according to a new report.
Union Jack Oil said it has acquired a further 8.33% economic interest in an onshore asset in Lincolnshire.
Solstad Offshore has signed a frame agreement with Technip Norge and Technip UK for the supply of vessels for trenching, construction and subsea services.
Motorists have been hit with a rise in the price of petrol and diesel for the third month in a row, according to new figures.
Statoil has installed one of the 67 foundations for the UK Dudgeon Offshore windfarm.
The Hinkley Point nuclear power station project suffered a fresh setback as it emerged trade unions are “unlikely” to back the scheme, which is being developed by French energy giant EDF.
3Sun Group is to create up to 50 jobs with opening of a new base in England.
The carnage caused by lower oil prices is about to lay waste to a further 2,000 jobs globally at energy service firm Weatherford International.
Archer said it plans to make reductions to its headcount by up to 10% in the second quarter of the year from its operations in the UK, Norway and Argentina.
Aker Solutions saw its revenue decline by NOK2billion in the first quarter of the year compared with 2015 amid the continued oil price decline.
A new survey has shown 40% of the British public "don't know enough" about nuclear power.
Fresh figures have revealed what homeowners predict will be the energy sources of the future.
Oil giant Shell is running the rule over the potential sale of north Sea assets - but it is too early since its mega-merger with rival BG Group to have decided on a sale process. But Paul Goodfellow, Shell’s upstream vice-president for the UK and Ireland, said the company may be looking at “innovative deals” like the sale of its Anasuria field.
Six out of 10 consumers still do not understand their energy bill a full two years after the introduction of reforms designed to make the information simpler and clearer.
Doubling the share of renewables in the global energy mix by 2030 is feasible, but only with concerted action to jump-start their use in transport, building and industry. Bioenergy is seen as being a critical component to achieving this objective. And if it is, then the sector could “sustain 24.4million jobs worldwide” just 15 years from now.
A company building two renewable energy plants in the UK is to quit the business.
A Scottish logistics group will pay more than £2million in fines after an illegal bribery operations was discovered in its own organisation.
Ministers have been accused of prioritising trade links with China over support for the UK steel industry as Sajid Javid prepares to meet steelworkers in Port Talbot.
The Government has ruled out nationalising the steel industry to tackle the threat of thousands of job losses after the Prime Minister admitted there were no guarantees of resolving the current crisis.