Energy

ScottishPower has announced an unprecedented £5.4 billion worth of contract opportunities, marking its largest-ever issued contract initiative, as it ramps up its next phase of electricity network investment.

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.

In response to persistent advocacy by the Aberdeen & Grampian Chamber of Commerce, the UK government has announced changes to the windfall tax, slated to take effect from April.

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. Effective immediately, the board has appointed Iain Lewis, the chief financial officer, as the interim CEO while activ

SGN has announced the appointment of Darren Elsom as its new chief operating officer. Mr Elsom is a highly respected senior leader in the energy sector with over 30 years’ experience. He will oversee SGN’s operations, engineering, asset management and customer service.

Businesses operating in the UK energy sector should consider how they can use their gender pay gap (GPG) data as a catalyst for change in their organisation, writes Susannah Donaldson. Analysis by Pinsent Masons has found that many businesses in the sector are already taking positive action to

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. This move marks OEG’s fifth acquisition of the year an

Aberdeen-based Parkmead Group has announced a substantial pre-tax loss of £35 million after impairments related to the relinquishment of North Sea licences.

SSE plc has published details of its 2023/24 interim results and announced a £2.5 billion increase to its existing five-year investment programme, expecting £20.5bn of investment to 2027 compared to £18bn previously.

Scottish wave energy firm Mocean Energy has secured a total of £2.7 million through equity and grants to advance the commercialisation of its innovative wave energy converters.

Aberdeen-based energy and engineering services firm Wood Group has reinforced its annual financial projections following a lucrative third quarter, which saw several substantial contract gains.

Abrdn has announced that its Infrastructure team has expanded its portfolio by securing a 49% stake in the Finnish regional energy provider Etelä-Savon Energia Oy, based in Mikkeli, Eastern Finland.

Scottish energy firm Aurora Energy Services Ltd has expanded its international footprint with the acquisition of Cotech Group, a US wind turbine blade repair and maintenance specialist. The deal – for an undisclosed sum – is the fourth and largest acquisition to date by Inverness-ba

THREE60 Energy, an energy services company based in Aberdeen, has acquired fellow Scottish firms Pryme Group and Flexlife, in a significant move to form a £200 million global enterprise with extensive industrial diversification and immense growth prospects.

Ocean Winds, a 50-50 joint venture between EDP Renewables and ENGIE, has sold a 16.6% stake in the 950 MW Moray East Offshore Wind Farm to Equitix.