ScottishNews.com

Energy

Wood Group surpasses financial expectations with FY23 revenue reaching $6bn

Published 1 year ago

Energy industry firm Wood Group has released its full-year trading update for the year ending 31 December 2023, demonstrating robust financial results in line with expectations.

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New interim leadership at Ithaca Energy as CEO Alan Bruce steps down

Published 1 year ago

North Sea oil and gas operator Ithaca Energy has announced the departure of its chief executive officer, Alan Bruce, who led the company through its successful IPO in November 2022.

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Scotland’s battery factory dreams dashed as AMTE Power set to enter administration

Published 1 year ago

Scotland’s ambition to become a hub for battery manufacturing have suffered a setback with the announcement that battery cell manufacturer AMTE Power is set to go into administration.

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Policy playing catch up on Scotland’s green investment boom, study finds

Published 1 year ago

A flood of green investment into Scottish land holdings could deepen divides between landowners and rural communities if new policies and regulation don’t keep up, a study by researchers at The James Hutton Institute has found.

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Energy minister calls for community benefits to be mandatory for onshore energy developments

Published 1 year ago

Scotland’s energy minister has called on the UK Government to explore options to mandate community benefits from all onshore renewables projects.

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Energy veteran Darren Elsom joins SGN as new COO

Published 1 year ago

SGN has announced the appointment of Darren Elsom as its new chief operating officer.

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‘Significant’ action needed to put Scotland on track for just energy transition

Published 1 year ago

Scotland’s Just Transition Commission has warned that “significant” further action is needed to ensure a just transition to a low carbon economy.

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Scotland’s renewable sector fuels surge in green employment

Published 1 year ago

Scotland is continuing to lead the way in the creation of green jobs, with the highest proportion of roles advertised compared with other areas of the UK.

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KKR to buy SMS for £1.4 billion in cash acquisition deal

Published 1 year ago

The board of Smart Metering Systems (SMS) has received a cash acquisition offer from American global investment firm KKR worth over £1 billion.

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Burns & McDonnell awarded Errochty Substation EPC project

Published 1 year ago

Burns & McDonnell has been awarded an engineer-procure-construct (EPC) contract for the Errochty Grid Supply Point (GSP) project by SSEN Transmission.

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Energy price cap to increase by 5% from January

Published 1 year ago

The price of energy for a typical household that uses gas and electricity and pay by Direct Debit will go up by £94 after Ofgem announced it will increase the price cap by 5% on the previous quarter from 1 January 2024.

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Expert report maps opportunities and barriers to financing heat transition

Published 1 year ago

There is substantial growth potential for financing climate-friendly heating and energy efficiency improvements in Scotland’s homes, according to a new report published today.

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OEG Energy Group bolsters offshore capabilities with fifth acquisition this year

Published 1 year ago

Aberdeen-based OEG Energy Group Limited has enhanced its capabilities in the subsea and inspection realms with the acquisition of Bluestream Offshore B.V, a Dutch company specialising in subsea and topside services, for an undisclosed sum.

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AquaTerra Group embarks on new chapter with management buyout

Published 1 year ago

Aberdeenshire-headquartered integrated services provider AquaTerra Group has undergone a management buyout spearheaded by managing director Stephen Taylor for a seven-figure sum.

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RES submits plans for Borders wind farm

Published 1 year ago

RES has submitted a Section 36 application for consent to the Scottish Government for a 19-turbine wind farm and energy storage proposal located approximately 9km north of Lauder in the Scottish Borders.

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