Energy

Energy

US shale gas shipment to arrive in Scotland as fracking debate rages

The first shipment of US shale gas will arrive in Scotland on Tuesday amid fierce debate about the future of fracking in the UK.

Energy 10
Part of the Scot Heat & Power fleet. Picture: Contributed

St Andrews green deal for Scot Heat & Power

Broxburn-based Scot Heat & Power has secured a competitive tender to supply biomass fuel to the University of St Andrews as part of an ambitious £25 million green energy project.

News 2
Energy customers are being compensated by E.ON. Photo by Matt Cardy/Getty Images

Customers to receive £1.2m payout from energy firm

Energy giant E.ON will is to pay out £1.2 million to 24,000 customers and will make a £1.9m donation to energy charities after failing to compensate customers for missing appointments.

Energy
Faroe boss Graham Stewart said the firm continued to generate cash despite 'challenging' market conditions. Picture: Danny Lawson/PA Wire

Faroe Petroleum slides into the red as revenues halve

Oil and gas explorer Faroe Petroleum yesterday lifted its output forecasts for this year despite plunging into the red at halftime after production was hit by problems at fields off Norway.

News 1
Trade body Subsea UK said the market for underwater vehicles was set to grow 'significantly'. Picture: Contributed

Firms urged to look below the surface for growth

Opportunities for Scottish firms to tap into the rapid growth expected in the market for underwater vehicles will he highlighted at an industry event next week.

News 1
Nicola Sturgeon said the project shows Scotland is a world leader in energy. Picture: Getty

Nicola Sturgeon welcomes Aberdeen Statoil expansion

FIRST Minister Nicola Sturgeon has hailed an oil and gas expainsion programme by Statoil in Aberdeen as a “vote of confidence” in the future of the North Sea.

News 18
Cadherent is developing an augmented reality system for the oil and gas sector. Picture: Contributed

Offshore tech outfit Cadherent steps up to next phase

A project co-funded by two Scottish innovation centres is to enable an augmented reality system to be developed for use in the oil and gas industry, boosting clarity in high-risk offshore procedures, it was announced today.

Tech
Jim Ratcliffe. Picture: Ian Rutherford

Ineos boss: Scotland will never be independent without fracking

The boss of Ineos has warned that Scotland will never be able to become an independent country unless it embraces fracking.

News 54
Alex Salmond says MPs should be given a vote over the Hinkley power station.

Alex Salmond: Hinkley vote would ‘name and shame’ supporters

MPs should be given a vote over the Hinkley Point nuclear power station so those who support it can be “named and shamed”, Alex Salmond has said.

Alex Salmond 104
Parkmead said the deal has boosted its reserves by 19%. Picture: Contributed

Parkmead shares jump on North Sea stake-building move

Shares in Parkmead, the exploration group headed by former Dana Petroleum chief executive Tom Cross, raced ahead yesterday after it upped its stakes in two North Sea oil fields.

News
ESS commercial director Keith McDermott. Picture: Contributed

ESS completes major seabed project

Ecosse Subsea Systems (ESS) has completed a seabed clearance project on what will be one of the world’s largest offshore windfarms.

News
Xcite Energy is in talks to restructure its bonds. Picture: TSPL

Xcite shares slump on warning over bond overhaul

Shares in North Sea oil company Xcite Energy plunged yesterday after it warned shareholders that their stakes could be all but wiped out by a debt restructuring.

News
Drax chief executive Dorothy Thompson said the bulk of the jobs were the result of upgrading the group's plants to biomass. Picture: VisMedia

Drax ‘pours £120m into Scots economy’

Drax Group, the renewables-focused power company that is also fighting the corner for biomass in the UK’s energy market, says it contributed £120 million to Scotland’s economy last year and supported 1,700 jobs across the country.

News 2
Current2Current said there was a 'real appetite' for tidal power. Picture: Contributed

Tidal energy firm making waves with £100,000 boost

Renewable energy developer Current2Current (C2C) has secured grant funding of £100,000 to ramp up its research and development work.

News 3
Lyness on Orkney could be home to a decommissioning site. Picture: OIC

Orkney oil and gas decommissioning site unveiled

PLANS to create a new decommissioning site in Orkney have been announced, potentially giving the islands a massive jobs boost.

News 4
Petrofac chief executive Ayman Asfari. Picture: Andrew Shaw

Petrofac returns to profit after surge in revenues

Oilfield contractor Petrofac today said it was on track to meet its full-year profit goals after moving back into the black during the first half.

News 3
A tidal turbine is pulled out to location Picture: Scottish Renewables

World first as tidal turbine system supplies national grid with electricity

A Scottish energy firm’s tidal turbine system has become the first in the world to deliver electricity to the National Grid.

Energy 17
Scotlands deficit has hit 14.8bn amid plummeting oil and gas revenues. Picture: Hamish Campbell

GERS figures: Scottish businesses plea for action

Industry bodies have called for action to help businesses grow and become more competitive in light of the latest spending and revenue figures.

Energy 20
Rigs anchor in the Cromarty Firth as the oil downturn bites. Picture: Jeff J Mitchell/Getty Images

Cape looks to better second half after North Sea hit

Industrial services group Cape has seen first-half profits drop as falling demand in the offshore North Sea market weighed down its UK business.

News 5
Secretary of State for Scotland David Mundell. Picture: Isabel Infantes/PA Wire

Brexit: David Mundell admits ‘significant’ issues in oil industry

SECRETARY of State for Scotland David Mundell has met with senior figures from the energy industry as the government prepares to make an exit deal.

News 27
Load more