ScottishNews.com

Energy

Wood Group bags £197m contract extension with Brunei’s Shell Petroleum

Published 1 year ago

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.

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Barclays backs Moray West wind farm with £95.5m loan

Published 1 year ago

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.

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Final wind turbine installed at Scotland’s largest offshore wind farm

Published 1 year ago

Another landmark has been achieved at Scotland’s largest offshore wind farm as the 114th and final wind turbine was installed.

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Renewable energy boost for Highlands as Haventus joins Green Freeport

Published 1 year ago

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.

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CMS duo launch new book on ‘radical’ North Sea MER strategy

Published 1 year ago

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.

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Virgin Money invests £14m in Ripple Energy’s co-operative wind farm

Published 1 year ago

Virgin Money has made a £14 million agreement with Ripple Energy to facilitate the development of an innovative 18.8MW wind farm in Ayrshire.

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Edge Solutions welcomes Stuart MacLean and Richard Scullion ahead of £2m funding round

Published 1 year ago

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.

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AquaTerra Group poised to double turnover to £14m

Published 1 year ago

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.

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Gordon McIntosh joins QED Naval as chairman

Published 1 year ago

Gordon McIntosh has assumed the chairmanship of Scottish tidal energy firm QED Naval.

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RSK acquires global energy and carbon capture specialists Axis

Published 1 year ago

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.

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Dundee gigafactory at risk as AMTE Power faces financial uncertainty

Published 1 year ago

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.

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GEG Capital bolsters engineering capabilities with IKM Consulting acquisition

Published 1 year ago

Inverness-headquartered investment firm, GEG Capital Ltd, has secured a majority shareholding in multidisciplinary consultancy, IKM Consulting Ltd.

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Government responds to hydrogen and carbon capture report

Published 1 year ago

The Scottish Affairs Committee has published the UK Government’s response to its Hydrogen and Carbon Capture report.

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Financial close unlocks £300m investment in North Kyle wind energy project

Published 1 year ago

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.

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Renewable Parts completes five-fold expansion into new £1.5m operations centre at Westway

Published 1 year ago

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.

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