Energy

2022 has seen Energy Specialist Solutions (ESS), a Scottish-based company which operates globally, triple its sales, nearly quadruple its pre-tax profits and expand to America to take advantage of opportunities across the power generation sector. Previously focused primarily on technically complex e

The government's support all households with energy bills over the first three months of 2023 will cost £16 billion in taxpayer money, according to Resolution Foundation analysis. Ofgem revealed yesterday that the annual energy bill of a typical household would have risen to £4,279 betwe

Perth-headquartered energy firm SSE has warned it will have to reconsider its renewables investments after the UK government's newly announced 45% windfall tax. The levy on low carbon electricity generators was unveiled in last week's Autumn Statement with the aim to raise £14 billion in

The UK government has today published details of the Energy Bill Relief Scheme, which will protect businesses from the worst of the current increases in international energy prices, by providing a discount on wholesale gas and electricity prices. The scheme will apply to energy usage from 1st Octobe

Independent energy group Parkmead has announced it will commence drilling in the North Sea Skerryvore oil field after receiving relevant regulatory approval.

Shell has announced that Ben van Beurden will step down as CEO at the end of 2022, and that his successor will be Wael Sawan. The change in leadership comes amid the current energy crisis and as Shell prioritises its future business focus on renewables. The incoming CEO, Mr Sawan, is currently 

Senior oil and gas sector legal experts have highlighted the ‘energy trilemma’ as a key factor increasing the risk of disputes within the industry. The latest Oil and Gas Disputes Survey, conducted by CMS, reports how the impact of increasing social and regulatory pressure for the oil in

An increase revenues of 21% to £62.7 million has been reported by Smart Metering Systems (SMS) in its 2022 interim report for the six months ending 30 June 2022. The company's underlying profit before tax was up 7% from £9.6m to £10.3m for the same period last year. Pre-tax profit

Energy regulator Ofgem has today announced that the price cap for energy bills will increase to £3,549 per year for dual fuel for an average household from 1 October 2022, an 80% increase on February’s price cap. Ofgem said the increase reflects the continued rise in global wholesal

For the first time, since records began in January 1997, the UK is importing no energy from Russia.

The UK’s largest regional airline has thrown its weight behind the Inverness and Cromarty Firth Green Freeport bid and said the Scottish Highlands can provide a “key building block” in the drive to decarbonise the country’s air transport system.

Aberdeen-headquartered PD&MS Group has secured a three-year operations and maintenance (O&M) contract with Vattenfall to support its European offshore wind portfolio for an undisclosed sum. The contract, which also has options to extend for a further two-year period, will see the engineering

ScottishPower has announced its biggest ever recruitment drive, with at least 1,000 new jobs to be filled in the next 12 months.

A House of Commons committee has said that the government should set-up "urgently sets up a cross-departmental taskforce... to respond to the energy price crisis and wider cost-of-living".

The secretary general of oil producers group OPEC, Mohammad Barkindo, has passed away. A pivotal figure in the global oil sector, he served as secretary general of OPEC since August 2016.