MPs have been warned there is a risk investors may “withdraw” from the Acorn carbon capture and storage (CCS) project in Aberdeenshire as timeline delays continue to rumble on.
New North Sea gas fields could be brought into production within as little as 18 months after the government secured bids for a series of new licences.
Westhill subsea equipment supplier Ashtead Technology has said its annual revenue will be up about 30% to £72.5million.
Cala Group has reported revenue of £1.36billion, a 9% increase on 2021, and anticipates pre-tax profit of circa £169million, up 27% year-on-year.
Saudi Arabia is today reported to be investing in a ground-breaking British plan to beam solar power generated in space to a base in the North Sea to provide a round-the-clock supply of renewable energy.
Businesses are being invited to join Aberdeen Football Club for an exclusive hospitality taster session at Pittodrie Stadium next week.
The introduction of two new windfall taxes – or Energy Profits Levies – have sent investor confidence to an all-time low, putting at risk the vital work government and industry must do to bolster energy security and deliver the net zero transition.
Total Energies has revealed it will book a $1billion hit from the North Sea windfall tax.
High Street stationery chain Paperchase has lined up administrators and put itself up for sale.
Revolution Bars Group has revealed that it is shutting some of its late-night venues on Mondays and Tuesdays to save on energy costs.
Here are the business stories making the headlines across the UK this morning.
Scottish hospitality businesses are now operating at a ‘significant disadvantage’ to their English counterparts, according to a leading industry body.