Energy

Energy

Investor bonanza after National Grid sells holding

National Grid has pledged to return £4 billion to shareholders after agreeing to sell a 61 per cent stake in a major gas pipe network to a team of global investors.

News
ScottishPower extended its partnership with Cancer Research last year. Picture: Chris James

What corporate responsibility means to me

Twelve figures from the Scottish business community talk about what responsibility means to them.

Farming
BERG can help with advice for communities like Kendal, pictured after the December 2015 floods.

Ready and resilient: help is at hand for communities

In partnership with Adler & Allan.

News
N-Sea vessels will utilise the innovative technology, including the Siem Barracuda. Picture: Contributed

N-Sea to work with Strathclyde Uni on pipeline project

Norwegian-owned N-Sea and academics from the University of Strathclyde have won funding to automate and speed up the inspection of pipelines running under the sea.

Companies
Atlantis Resources is led by chief executive Tim Cornelius. Picture: Ian Georgeson

Fresh milestone for MeyGen tidal power project

Tidal power specialist Atlantis Resources said its pioneering MeyGen project in the Pentland Firth has taken a major step forward with the first installed turbine now operating at full power.

News 6
The number of Scots households living in fuel poverty has fallen year-on-year, but the Scottish Government admits there is 'more work to do'. Picture: John Devlin/TSPL

‘One in three’ Scots households struggle with heating bills

Almost one in three Scottish households struggled to heat their homes in 2015, despite the overall number of those in fuel poverty falling year-on-year due to lower prices.

Markets Economy 11
Business leaders also called for targets on the amount of heat sourced from renewable energy. Picture: John Devlin

Energy efficiency drive could help create 9,000 jobs

Boosting investment in energy efficiency could create up to 9,000 jobs a year, business leaders have told the Scottish Government.

News 6
A target for the amount of energy that comes from renewable sources has been called for. Picture: Getty Images/iStockphoto

Boosting energy efficiency ‘could help create 9,000 jobs’

Boosting investment in energy efficiency could create up to 9,000 jobs a year, business leaders have told the Scottish Government.

News 3
Oil prices are set to soar over the next few weeks.

Motorists face soaring fuel prices following Opec deal

THE PRICE of petrol is expected to jump by 9p a litre after Opec president Mohammed bin Saleh al-Sada announced a deal to cut oil production.

News 6
Orion chairman Alan Savage visited the city of Tianjin and signed the pioneering deal. Picture: Contributed

Orion Group forms Chinese joint venture

Inverness-based Orion Group has signed a "pioneering" joint venture agreement with China National Offshore Oil Corporation (CNOOC).

Companies 2
Manufacturers have become more worried about the lights going out after Brexit. Picture: AFP/Getty Images

Brexit fallout raises firms’ fears over energy shortages

Manufacturers have become more concerned about the cost and security of energy supplies since the Brexit vote, a new study has shown.

News 4
Any pick-up in oil and gas sentiment is from an 'extremely low base', writes Martin Flanagan. Picture: Danny Lawson/PA Wire

Martin Flanagan: Glimmers of hope for energy industry

The worst may be past in the battering taken by the oil and gas industry over the past two years.

News 1
There are signs of confidence improving across the oil and gas sector. Picture: Andrew Milligan/PA Wire

More jobs pain for oil sector but signs of optimism ahead

The embattled UK oil and gas sector faces further cuts after two-thirds of businesses have already shed staff this year but signs are starting to emerge of improving confidence, a report today suggests.

News
The office complex is located at Altens, Aberdeen. Picture: Contributed

Wood Group moves in after refinancing deal

A major Aberdeen office development will become home to hundreds of Wood Group staff after a £54 million refinancing deal, it was announced today.

News
Aberdeen is set for a major economic boost. Picture: Andy Buchanan/PA Wire

£250m Aberdeen city deal hailed as ‘catalyst for economic growth’

ABERDEEN has been given a “strong vote of confidence” with the formal agreement of a £250 million programme to improve infrastructure, business and jobs over the next decade.

Aberdeen & North East
Morrisons Petrol station at the gyle.

Morrisons petrol is less than £1 a litre thanks to promotion

Customers of a supermarket chain can pay less than £1 a litre for petrol as part of a special promotion.

News
Nove Innovation have secured funding from the European Commission to demonstrate a direct drive tidal turbine.

Nova Innovation secures EC funding for tidal generator

A Scottish specialist in tidal energy generation has secured key European funding for technology that could revolutionise the future of the sector.

News 10
Oil drilling platforms in the Cromarty Firth. Picture: Andy Buchanan

Taxpayers ‘could face huge North Sea burden’

UK taxpayers could be liable for a significant share of the North Sea’s multi-billion pound decommissioning costs over the next 40 years, according to a new study.

Environment 58
L-R Steven McGrath, relationship manager at Bank of Scotland and Kenneth Bone, owner of Glenkiln Hydro. Picture : Contributed

Farming firm taps into renewables revenues

A six-figure funding package from Bank of Scotland (BoS) has helped an Arran farming business set up a hydro power plant.

News
Parkmead is on the hunt for more deals amid a tough market for oil and gas firms. Picture: Contributed

Parkmead explores more deals on back of low oil price

Oil and gas producer Parkmead today said it was looking to take advantage of the depressed market by searching out more acquisition opportunities.

News
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