Here are the business stories making the headlines in Scotland and the UK this morning.

Petrofac workers could strike

North Sea workers employed by Petrofac could to down tools later this month as part of a dispute over jobs, pay and conditions.

Trade union Unite confirmed on Monday that it had received an "emphatic" mandate from around 80 contractors on Ithaca Energy assets.

Energy Voice says that, should the industrial action go ahead, operations on FPF-1, Captain, Alba and Alba North could all be impacted.

Proposals for offshore wind farm move ahead

A planning application key to the development of a floating wind farm off Peterhead has been submitted to the local authority.

Flotation Energy, of Edinburgh, and Vargronn, -a joint venture between Eni and HitecVision - have formally lodged the paperwork that covers the onshore infrastructure for the Green Volt project.

The wind farm will deliver renewable electricity to oil and gas platforms, replacing gas turbines, while simultaneously delivering clean energy to the UK grid.

Energy Voice says that, under the current proposals the scheme will consist of between 30 and 35 floating turbines about 46 miles off the Aberdeenshire coast.

Europe's top energy exporter

France has become Europe's top energy exporter amid a surge in British demand after the country's state-backed nuclear power operator finally fixed cracks in its ageing fleet of reactors.

The country's total net energy exports in the first six months of 2023 were enough to power 5million homes for a year.

Data analysis company EnAppSys said most of this flowed to Italy and Britain, which were the two largest importers of energy in Europe over the same period.

Jean-Paul Harreman, a director at the firm, told the Telegraph: "The cause for the increase of exports in France versus the previous year was an increased availability of the country's nuclear assets."

Tesla CFO exits with $168million

Tesla's chief financial officer has left the company with a near-$170million (£130million) fortune after just four years in the post.

The electric car company announced on Monday that Zachary Kirkhorn had unexpectedly stepped down.

The Telegraph says the 39-year-old walks away with $168million in Tesla stock and options.

Plugging Saudi budget deficit

Saudi Arabia's state oil company will help plug the Gulf nation's widening budget deficit after massively increasing its dividend payout despite falling revenues.

Saudi Aramco, the world's largest oil producing company, on Monday said it would increase its payout to investors by 56% to $29.4billion (£23billion).

Crown Prince Mohammed bin Salman, known as MBS, has been battling a growing budget deficit.

MBS's spending on diversification projects include the $500billion development of the Neom city, a futuristic project intended to boost tourism.

The Telegraph says Riyadh's continued reliance on oil revenues shows that MBS's aim of making Saudi Arabia less dependent on fossil fuels remains a pipedream.

Pressure on PM over new oil boilers

Rishi Sunak is being urged to scrap a net-zero ban on new oil boilers, with senior Tories warning it will cost votes in rural communities.

New oil boilers will be banned in off-grid homes within three years, with households encouraged to switch to heat pumps under government proposals to help cut heating emissions.

George Eustice, who was environment secretary in Boris Johnson's government, is now calling for the ban to be dropped.

The Telegraph says the ban will affect 1.7million mostly rural households not connected to the gas grid and would come in at least a decade before similar restrictions on other homes.

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