Energy

Perth-based energy giant SSE bolstered investors' confidence with a £33 billion plan to upgrade the UK's electricity network, a move the company says will support thousands of jobs.

Three of the UK’s most influential business organisations have made a rare joint intervention, urging Chancellor Rachel Reeves to abolish the Energy Profits Levy (EPL). The British Chambers of Commerce, Scottish Chambers of Commerce, and Aberdeen & Grampian Chamber of Commerce (AGCC) have

Chancellor Rachel Reeves is reportedly considering a plan to end the windfall tax on North Sea oil and gas producers one year ahead of schedule. The proposal, under discussion ahead of the upcoming Budget, would see the Energy Profits Levy scrapped in March 2029 rather than 2030, Financial Times rep

Nort Sea oil and energy services firm Petrofac has entered administration – a “stark warning” of a wider crisis facing the North Sea supply chain, according to industry experts. The move, which puts thousands of jobs at risk, has intensified calls for urgent government action to st

Thousands of North Sea oil and gas workers are set to receive support to transition into the sustainable energy sector, following an £18 million funding boost.

Law firm CMS will host a free-to-attend event later this month focused on key issues affecting renewable energy projects across Scotland. The Future of Renewables seminar will feature leading industry experts covering some of the major challenges and opportunities facing renewable energy developers.

Renewable energy developer Apatura plans to develop a £3.9 billion AI energy campus on the former Ravenscraig steelworks site, which could bring more than 2000 jobs to the area. 

Danish materials technology firm Y-MatTec A/S has announced the Port of Montrose as its preferred location for a new UK production facility. The facility will produce DNV type-approved structural grouts, a specialist material essential for the foundations of offshore wind turbines. By establishing a

Aberdeen & Grampian Chamber of Commerce has urged the UK government to scrap the Energy Profits Levy (EPL) after official figures revealed a dramatic slump in revenues from North Sea oil and gas.

Senior representatives from Aberdeen & Grampian Chamber of Commerce have met with HM Treasury in London to renew calls for the abolition of the Energy Profits Levy (EPL).

CMS is to stage a free-to-attend breakfast seminar next month which navigates the UK government’s decision on the Review of Electricity Market Arrangements (REMA) and its wider implications for the energy sector. The event, co-hosted with management consultancy Baringa, will take place on Tues

Wood Group's wholly-owned subsidiary, JWG Investments Limited, has agreed to sell its 50% stake in RWG (Repair & Overhauls) Limited to its joint venture partner, Siemens Energy, for a cash consideration of $135 million (c. £100m). The transaction is a key part of Wood's previously announce

A net zero transition partner has significantly expanded its renewable assets and its services for commercial businesses, thanks to a £3.2 million funding boost from HSBC UK.

US energy giant Chevron has confirmed it will close its Aberdeen office, bringing its 55-year history in the city to an end.

A new report from Robert Gordon University (RGU) has cautioned that the UK faces the loss of tens of thousands of offshore energy jobs by 2030 unless immediate and coordinated action is taken.