18 April 2023

Finance

Wood Group considers Apollo’s £1.7 billion takeover bid

Aberdeen-headquartered Wood Group’s board has confirmed it is considering Apollo Global Management’s fifth acquisition proposal for 240p per share, which was put forward earlier in the month.

17 April 2023

Dundee gigafactory plans at risk as AMTE Power eyes US subsidies

AMTE Power, a UK-based battery manufacturer, is considering relocating its planned gigafactory from Dundee to the United States due to the Inflation Reduction Act’s subsidies.

27 March 2023

Energy sector expects windfall tax relief as oil and gas prices fall

UK oil and gas companies are expected to be offered windfall tax relief by Prime Minister Rishi Sunak as part of efforts to boost investment and improve energy security.

27 March 2023

Crown Estate Scotland secures £262m from North Sea decarbonisation projects

Crown Estate Scotland has secured £262 million in applicant fees from the first leasing round designed to enable offshore wind energy to directly supply offshore oil and gas platforms.

21 March 2023

Gravitricity secures route to Czech market with Nano Energies partnership

Scottish underground energy storage firm Gravitricity has signed a collaboration agreement with Czech electricity flexibility aggregator Nano Energies to develop commercial routes to market for their gravity storage technology.