Scottish engineering and consulting firm Wood Group has secured a two-year contract extension, worth approximately £197 million ($250 million), with Brunei Shell Petroleum (BSP), the largest energy producer in Brunei.
Moray West, a significant offshore wind farm development, has secured a £95.5 million loan from Barclays to support the next phase of the project’s construction as part of a wider syndicated £2 billion loan injection which closed in April 2023.
Haventus, the owner of Ardersier Port, has joined the Inverness and Cromarty Firth Green Freeport (ICFGF) consortium, which comprises members such as the Port of Cromarty Firth, Port of Inverness, Global Energy Group, The Highland Council, the University of the Highlands and Islands, Highlands and Islands Airports Ltd and the Inverness Chamber of Commerce.
Two oil and gas sector specialists from law firm CMS have launched a new book outlining the ‘radical’ approach of the UK’s MER (maximising economic recovery) regime governing North Sea drilling operations.
Scots wind energy specialists Edge Solutions have boosted their team with the appointment of Stuart MacLean and Richard Scullion in advance of a £2 million funding round.
Aberdeenshire-headquartered services provider to the energy sector, AquaTerra Group, has revealed two developments that are expected to double its annual turnover to £14 million.
Aberdeen-headquartered energy consultancy Axis, which provides exploration and production, decommissioning and carbon capture and storage (CCS) services to the global energy industry, has been acquired by sustainable solutions provider RSK.
AMTE Power, Scottish developer and manufacturer of lithium-ion and sodium-ion battery cells, has said it is urgently seeking to raise new funds as it contends with a dwindling cash position.
Brockwell Energy has announced financial close on its North Kyle wind energy project, which will see a total investment of £300 million to deliver 220.5MW of renewable energy capacity.
Independent supply chain management company Renewable Parts has recently expanded into a new state-of-the-art operations centre located at Westway, near Glasgow Airport.