- Fire debris 'may have asbestos'
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- Man arrested over rape of woman, 19
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Lord Smith to chair green bank
LORD Smith of Kelvin is to chair the Edinburgh-based Green Investment Bank, a £3 billion initiative to provide loans for low-carbon investments.
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Faroe bows to ‘shareholder spring’ as bonus plan shelved
OIL and gas explorer Faroe Petroleum became the latest company to get drawn into the “shareholder spring” yesterday, heading off a potential investor rebellion over a long-term bonus scheme.
Scottish mining group shares slump as Ayshire expansion plan is shelved
SHARES in Scottish coal mine operator ATH Resources plunged by more than a fifth yesterday after the firm put the brakes on plans to expand its mine at Glenmuckloch, in Ayrshire.
£14m Algerian loss hits Cape profits and shares
Cape, the FTSE-250 industrial services provider, will take a profit hit after unveiling a £14 million charge for losses on a contract in Algeria.
Wood wins ‘energy island’ deal
ENERGY services firm Wood Group has won a contract to build what is claimed to be the world’s first combined wave- and wind-powered facility.
Barryroe oil find uprated
Lansdowne Oil & Gas, the Irish explorer in which Aberdeen-based SeaEnergy holds a 25 per cent stake, yesterday revealed that its Barryroe discovery off the coast of Ireland could produce oil at higher rates than was previously predicted.
Emec’s second overseas deal
A SCOTTISH test centre for wave and tidal power devices has signed its second international contract in just three months.
Cove backs new £1.33bn Thai offer
A BID battle was looming yesterday for Cove Energy after Thailand’s PTT Exploration and Production (PTTEP) trumped Shell’s £1.22 billion offer for the Mozambique-focused explorer.
Distillery waste plant on course
CONSTRUCTION of Helius Energy’s waste-to-heat plant at Rothes, in Moray, is “on schedule and within budget” and it is due to start operating in the first half of next year, it emerged yesterday.
Scots-based energy firms’ $1bn deals with Norway and Malaysia
KCA Deutag, the Aberdeen-based drilling firm sold by oil tycoon Alasdair Locke in 2008, has won a $700 million (£440m) contract from Statoil to operate oil rigs in Norwegian waters.
Atlantic Offshore Rescue to launch more ships
Atlantic Offshore Rescue, the Aberdeen-based standby vessel operator, is to expand its fleet after securing North Sea support contracts worth £12 million.
EnQuest pumping more oil
Oil firm EnQuest yesterday flagged a “busy 2012 to date” with production driving earnings and cashflow.
Premier’s cash flow surge means dividend payouts
PREMIER Oil chairman Mike Welton yesterday pledged to start paying dividends after telling shareholders at its annual general meeting (AGM) that the explorer is in “its strongest ever position in its history, both financially and operationally”.
‘Massive’ vote against Cairn Energy board as shareholders rebel
SHAREHOLDERS dealt the board of Cairn Energy a heavy blow over executive pay yesterday as 67 per cent voted against its remuneration report.
2 commentsMelrose takes Egyptian risk
OIL explorer Melrose Resources yesterday unveiled plans to sink what analysts labelled a “high-risk” exploration well near the Egyptian border with Sudan in September.
Turbines wind up profits as SSE eyes further acquisitions
SCOTTISH Hydro owner SSE is on track for a further solid rise in profits as hundreds of additional wind turbines begin turning, while more acquisitions are on the horizon.
2 commentsNorwegian group creates 500 Aberdeenshire jobs
NORWEGIAN energy services firm Aker yesterday unveiled plans to create 500 jobs in Aberdeenshire over the next two years, swelling its headcount in the region beyond the 3,000 mark.
Shareholders show anger at Petrofac pay proposals
Oil services firm Petrofac yesterday became the latest listed company to feel the heat from shareholders, as one in five voted against a long-term incentive plan for top executives.
Gas prices to rocket by 15%, millions of families warned
HOUSEHOLDS face the prospect of more price hikes after British Gas owner Centrica warned a 15 per cent rise in the wholesale cost of gas could be passed on to consumers.
Centrica warns of rising costs
Scottish Gas-owner Centrica said on Friday its upstream oil and gas business helped boost first-quarter trading as it suffered a rebuke over boardroom pay.
Wood Group still on acquisition trail
WOOD Group, the Aberdeen-based energy services heavyweight, still has the balance-sheet strength to make further acquisitions, its chairman said yesterday.
Oil and gas in scorching form
Confidence among UK oil and gas contractors has soared to a record high as they ride a “wave of investment” in the industry.
Oil contractors’ confidence reaches new high
Confidence among UK oil and gas contractors has soared to a record high as they ride a “wave of investment” in the industry.
SMS shares rise after order for new meter
SHARES in Smart Metering Systems (SMS) surged yesterday after the Glasgow-based gas meter supplier notched up the first order for its latest design.
Faroe starts drilling at Cooper well
DRILLING has begun on the Cooper exploration well off the coast of Norway, the latest in a series of prospects identified by Aberdeen-based oil explorer Faroe Petroleum.
Signing of Bentley field contracts fails to Xcite the markets
ONE of the largest undeveloped fields in the North Sea moved a step closer to production on Tuesday after Aberdeen-based Xcite Energy signed contracts to store oil from its test well on the site.
Ithaca remains in takeover talks with ‘mystery suitors’
OIL and gas producer Ithaca Energy said yesterday it remains in potential takeover talks, despite claims that Kuwait’s national oil company had pulled out of the race to buy the driller.
Carcas’s key liaison role at marine energy centre
THE European Marine Energy Centre (EMEC) has appointed renewable energy expert Max Carcas of consultancy Caelulum to work on external liaison activities.
Green energy expert seeks local backing
LOCAL communities are being courted to invest their cash in renewable power projects by a green energy expert, who is in talks with the Scottish Government to roll out his new financing model.
Wave power firm to reveal partner
THE chief executive of Pelamis, the Leith-based wave-power device developer, is expected to announce a new investor in the business by the end of the summer.
Scotland in running for marine HQ
SCOTLAND is in the running to secure the headquarters of a major new engineering services company being launched to capitalise on a predicted boom in wave and tidal energy projects.
Engineering firm Plexus seals further deal with BG Group
Shares in Plexus jumped by as much as 8 per cent in early trading after the Aberdeen-based oil and gas engineering firm signed a further deal worth £1.3 million with BG Group.
SeaEnergy on the trail of acquisition targets
ENERGY services firm SeaEnergy is on the hunt for takeover targets, its chairman said yesterday, as it sits on a £22 million war chest following last year’s £50m sale of its renewables arm to Spanish oil giant Repsol.
BP profits squeezed as sales planned to pay for Gulf of Mexico spill
OIL major BP hoisted a “for sale” sign over some of its Gulf of Mexico assets on Tuesday even as its recent divestments to pay for the Macondo disaster squeezed first-quarter profits.
Wood Group wins £61m contract for Aussie gas rig
ENERGY services heavyweight Wood Group has won engineering and support contracts worth an estimated £61.5m for the world’s largest semi-submersible production facility.
Estate powers up hydro unit with bank funding
Ardlussa Estate on the island of Jura has sealed a £565,000 deal with Clydesdale Bank to fund the construction of a hydro-electric power scheme.
Soames opposition puzzles analyst
HE HAS delivered stellar returns for Aggreko shareholders since taking charge, led the Glasgow-based company into the FTSE 100 with a market cap bigger than Sainsbury’s, and overseen its rise to become the world’s largest supplier of temporary power.
Crown Estates go with the tide as wave power tests get green light
THE owner of the seabed around the UK yesterday opened up the Pentland Firth to wave and tidal power devices, allowing firms to bid for spaces to test their equipment in the waters that First Minister Alex Salmond once described as “the Saudi Arabia of marine power”.
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Return to profit won’t halt UK Coal closure
BRITAIN’S biggest coal producer yesterday said talks about closing one of the country’s largest mines were ongoing despite its first annual profit in four years.
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Oil driller Xcite unveils fundraising plans
OIL explorer Xcite Energy revealed on Friday that it is in talks with banks to fund the further development of the Aberdeen-based firm’s Bentley field in the North Sea.
Enquest increase stake in Kraken
OIL and gas group Enquest yesterday said it was again upping its stake in the “exciting” Kraken oil discovery in the North Sea, taking the firm’s interest to 60 per cent.
Sun shines on Helius’s fund plans
HELIUS Energy, the Aim-quoted biomass power plant developer in which shipping line heir Alastair Salvesen holds a 23 per cent stake, yesterday said that it expects to secure the funding for its Avonmouth biomass station by the end of the summer.
Oil price increase helps to send Shell’s profits into overdrive
ROYAL Dutch Shell pumped up profits in its first trading quarter, with the energy major revealing on Thursday that surging oil prices outweighed the headwinds of lower US gas income.
Faroe boss receives bumper bonus
Graham Stewart, chief executive of Aberdeen-based Faroe Petroleum, received a £293,000 bonus last year after the company swung to a full-year profit and probable reserves rose five-fold to 23.8 million barrels of oil equivalent.
Enquest increases stake in Kraken field
Oil and gas group Enquest today said it was again upping its stake in the “exciting” Kraken oil discovery in the North Sea, taking the firm’s interest to 60 per cent.
- Family mourn death of Glasgow ‘fight’ schoolboy
- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish independence: ‘People here are best qualified to run Scotland’
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Weather for Edinburgh
Saturday 26 May 2012
Today
Sunny
Temperature: 9 C to 20 C
Wind Speed: 16 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 12 C to 22 C
Wind Speed: 10 mph
Wind direction: North east
