Almost a third of UK middle market businesses don’t yet have a sustainability plan or strategy in place – highlighting a worrying lack of formal commitment despite the new government’s pledge to deliver clean energy with the establishment of GB Energy in Aberdeen, according to RSM UK.
Aberdeen-headquartered ICR Group, a global maintenance and integrity solutions firm, together with its regional partners, has secured $3.5 million (£2.67m) in contracts in the Middle East over the past four months.
Norwegian oil company Neo Energy has announced a significant slowdown in investment across its portfolio, including the Buchan Horst oilfield in the North Sea.
The Scottish Government has granted consent for the construction and operation of the Smeaton Battery Energy Storage System, a 228MW:456MWh project near Dalkeith, East Lothian.
The UK government’s proposed fiscal policy would generate a loss in economic value of around £13 billion compared to the economic contribution generated under the current windfall tax regime, according to Offshore Energies UK (OEUK).
Global drilling waste management company TWMA has posted its second quarter 2024 earnings of $19.5 million (c. £14.85m) and operating profit of $4.9m (c. £3.73m).
The Shetland Islands have been connected to the GB electricity grid for the first time following the completion of what is expected to be the most productive onshore wind farm in the UK along with a 160-mile-long subsea link to take power generated on its island site to the mainland.
Infrastructure work by Robertson Civil Engineering will begin on site later this year to create the Aberdeen Hydrogen Hub being delivered in a joint venture between bp and Aberdeen City Council.