North Sea needs £200bn investment, says flagship report
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.
energy
Around £200bn needed to extend life of UK Continental Shelf – oil report
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.
Wood hails ‘significant progress’ in 2018 as revenues climb to £8.3bn
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.
New EI chief slams lack of diversity in oil and gas
The incoming president of the Energy Institute (EI) has condemned the “appalling” record of oil and gas on gender and ethnic diversity.
MPs urge action on oil and gas sector deal
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 exec pockets nearly £18m in 2018
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”.
Cairn posts losses of almost £1bn amid India, Kraken troubles
Scottish oil firm Cairn Energy vowed to go after “material” exploration targets this year despite suffering losses of almost £1 billion in 2018.
Moray Firth wind farm procurement process exposes issues over ‘fairness’
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 production reaches seven-year high
North Sea oil and gas production reached a seven-year high in 2018, according to new figures.
Customer satisfaction with energy companies falls for second year running
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 urge north-east councillors to reject controversial windfarm plans
Planners have renewed their objection to a proposed 26-turbine wind farm, which it is feared would blight the north-east's iconic landscape.
Figures show record renewable supplies as coal decline continues
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.
Centrica hints at reducing ‘exposure’ to Spirit Energy
Energy supplier Centrica has said it wants to “limit exposure” to its oil and gas subsidiary Spirit Energy.
Locals angry at London firm’s double Highland windfarm plans
A Highland business owner has described a London firm’s plans to build two winfarms virtually side-by-side as ‘horrendous’ for the region.
ScottishPower profits light up after customer losses stemmed
Energy giant ScottishPower has nearly trebled annual profits in its supply arm after stemming the loss of customers to smaller rivals.
Npower third ‘big six’ company in as many days to raise prices
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.
EDF becomes second Big Six company to increase prices to meet new Ofgem cap
More than a million energy customers on EDF’s standard variable tariff face a 10% price increase from April 1.
E.ON customers will see energy costs 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 new-build homes ‘spend £200 more on energy after standards axed’
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 cuts profit outlook as customer accounts fall
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.
Energy price cap hike to push up bills by £117
Around 15 million households will see their energy prices rise after regulator Ofgem hiked price caps designed to protect those on poor value deals.
Scottish onshore wind energy jobs down a third
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.
Scottish Government can learn lessons from failed energy company, MSPs told
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.
Aberdeen energy service firm wins exporter prize
Energy service giant Wood has won an award for its commitnent to exporting engineering expertise to China.
UK oil and gas sector growing in confidence after ‘challenging’ years
Confidence in the outlook for the UK oil and gas sector has increased almost fourfold in two years, an industry survey found.
Study explores potential of North Sea rocks to store renewable energy
Rocks in the seabed off the UK coast could act as stores for renewable energy on a large scale, a study suggests.
Plans for north-east substation rubber-stamped
Plans for a new north-east substation and underground cables have been rubber-stamped by councillors.
More than half of Scotland’s planned windfarms are destined for sites in the Highlands
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.
Moray solar company boss to tackle government policy changes with energy minister
A Moray renewable energy expert will meet a UK Government minister to discuss policy changes that could have a huge impact on the industry.
Councillors to discuss North Connect energy project
Plans for a giant energy cable linking the north-east with Scandinavia could be given the go ahead this week.
Moray MP secures meeting for local energy firm with government ministers
Moray MP Douglas Ross has secured a meeting between a Forres-based energy firm and UK Government ministers.
SPONSORED: Funding need not be daunting
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.