Energy

Infrastructure solutions company Costain has moved into a new office in Aberdeen. The office investment is in response to Costain’s growing customer base in the energy sector and will service engineering, energy resilience and energy transition projects in Scotland and across the UK.

The North Sea’s transient workforce could be lost for good unless pace is picked up on the renewable energy transition, an accounting and business advisory specialist has warned. Mark Brown, partner at MHA, believes 2025 is pivotal in terms of seeing real momentum gained.

A new report from the University of Edinburgh has highlighted the significant economic potential of tidal stream and wave energy for Scotland. Commissioned by Scottish Enterprise and Wave Energy Scotland, The Future Economic Potential of Tidal Stream and Wave Energy in Scotland report suggests that

Aurora Energy Services has invested £750,000 in securing a new larger office building in Aberdeen to support its ambitious expansion programme. The company has acquired the lease for the 7,000 sq ft Ury House in Howe Moss Crescent, Dyce, which has been renamed Aurora House.

Aberdeen & Grampian Chamber of Commerce has called on the UK government to reduce the 78% tax burden on North Sea oil and gas producers as a key first step towards greater domestic energy security. The call comes as the USA announced its intentions to impose sweeping tariffs on imports from Mexi

The flagship Inch Cape Offshore Wind Farm project has reached financial close raising more than £3.5 billion of funding, the equal joint owners ESB and Red Rock Renewables announced today. K2 Management (K2M), part of global wind engineering and advisory consultancy Ramboll, provided Lender&rs

Three Aberdeen oil firm buildings have been acquired by EEH Ventures, a London-based investment firm, as part of a deal worth £45 million. The 275,000 sq ft portfolio at the Prime Four business park in Kingswells, was previously owned by Canadian financial services company BMO. It houses the h

Edinburgh-based The Carbon Removers have signed a breakthrough deal to sequester 50 000 tonnes of CO2 permanently in a depleted oil field, 1,800 metres below the North Sea seabed. This is part of Greensand Future, the EU’s first operational CO2 storage facility intended to mitigate climate cha

Groundbreaking new technology capable of generating power without emitting carbon is set to be developed in Edinburgh, Aberdeen, and Durham, following a major investment deal. Middlesbrough-based H2CHP, a spin-out from Durham University, has secured a six-figure cash injection to advance its free-pi

SSEN Transmission has unveiled plans to deliver at least £22 billion in mission-critical grid infrastructure, supporting up to 17,500 jobs in Scotland and adding up to £7bn of value to the Scottish economy.

OEG Energy Group has moved into a new global HQ at The Stratus Building, ABZ Business Park in Dyce, following a seven-figure sum investment in a multi-year lease. This marks a significant milestone in the organisation’s 50-year journey, underscoring its deep commitment to its local roots while

Sulmara, a provider of innovative survey and inspection services to the offshore wind and energy markets, has secured an $18.9 million (c. £15m) investment from BGF. The Glasgow-headquartered business was founded in 2019 and has grown rapidly to more than $70m (c. £55.8m) annual revenue,

Grangemouth Refinery owner Petroineos has rejected a bid to buy the refinery from a UAE-based firm, Trading Stack DMCC, dismissing the offer as "not credible". The company, along with an unnamed US partner, claims to have the finances to make the refinery profitable and save 400 jobs.

Specialist manufacturing firm Rovtech, which is owned by Aberdeen-based climate tech venture studio Ventex, has appointed John Polson as it seeks to accelerate the global expansion of nuclear energy and offshore wind. The 30-year-old joins Rovtech from Aratellus, where he was director of projects an

US oil company Apache has announced its intention to cease oil production in the UK North Sea by 2030. The decision comes as a direct response to the UK government's increased windfall tax on energy producers, which Apache deems makes continued investment in the region uneconomical.