The North Sea will need investment of £200billion in order to add another generation to its production life, according to a flagship report published today.
Around £200 billion will need to be spent to add a generation of productive life to the UK Continental Shelf (UKCS), according to a new report.
Aberdeen-headquartered energy services giant Wood saw its total revenues climb to £8.3billion in 2018 amid a “significant year of progress” for the firm.
The incoming president of the Energy Institute (EI) has condemned the “appalling” record of oil and gas on gender and ethnic diversity.
MPs from across the political spectrum yesterday urged the UK Government to make progress on a vital deal to sustain the North Sea energy industry.
Shell chief executive Ben van Beurden took home nearly £18 million in pay last year as a reward for spearheading the energy giant’s “transformation”.
Scottish oil firm Cairn Energy vowed to go after “material” exploration targets this year despite suffering losses of almost £1 billion in 2018.
The Scottish Government has vowed to convene a summit after issues over fairness were exposed in the Moray East offshore wind farm contract procurement process.
North Sea oil and gas production reached a seven-year high in 2018, according to new figures.
Overall satisfaction with energy suppliers has fallen for the second year running after customers were battered by price rises and nine small firms collapsed, according to a survey.
Planners have renewed their objection to a proposed 26-turbine wind farm, which it is feared would blight the north-east's iconic landscape.
Renewable power rose to record highs last year, supplying well over a quarter of the UK’s electricity, as coal continued to decline, official figures show.
Energy supplier Centrica has said it wants to “limit exposure” to its oil and gas subsidiary Spirit Energy.
A Highland business owner has described a London firm’s plans to build two winfarms virtually side-by-side as ‘horrendous’ for the region.
Energy giant ScottishPower has nearly trebled annual profits in its supply arm after stemming the loss of customers to smaller rivals.
Npower has become the third “big six” energy supplier in as many days to raise its prices to match Ofgem’s increase to the price cap last week.
More than a million energy customers on EDF’s standard variable tariff face a 10% price increase from April 1.
Some E.ON customers will see an average 10.3% price increase from April 1, the supplier has confirmed, just days after Ofgem said price caps designed to protect those on poor value deals would be hiked.
Owners of newly built homes are being hit with higher heating bills because tough new energy efficiency standards were scrapped, a report has said.
SSE has cut its earnings outlook, lost thousands more customers and said it was assessing options for its retail arm following the collapse of a merger with rival npower.
Around 15 million households will see their energy prices rise after regulator Ofgem hiked price caps designed to protect those on poor value deals.
Scotland has lost almost a third of its onshore wind energy jobs in a year, while offshore wind employment increased by 55%, according to new figures.
The Scottish Government will learn from the failure of Our Power as it continues to develop plans for a publicly-owned energy company, cabinet secretary Aileen Campbell has said.
Energy service giant Wood has won an award for its commitnent to exporting engineering expertise to China.
Confidence in the outlook for the UK oil and gas sector has increased almost fourfold in two years, an industry survey found.
Rocks in the seabed off the UK coast could act as stores for renewable energy on a large scale, a study suggests.
Plans for a new north-east substation and underground cables have been rubber-stamped by councillors.
Grampian and Highlands politicians have hit out at the Scottish Government after it was revealed more than half of the country’s windfarm applications are on their patch.
A Moray renewable energy expert will meet a UK Government minister to discuss policy changes that could have a huge impact on the industry.
Plans for a giant energy cable linking the north-east with Scandinavia could be given the go ahead this week.
Moray MP Douglas Ross has secured a meeting between a Forres-based energy firm and UK Government ministers.
As Scotland’s energy sector transitions to a lower-carbon future, diversification has become a buzzword for businesses looking to take advantage of new opportunities.