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Household services deal

Ovo moves into big energy league after £500m deal with SSE

SSE
Ovo has become Britain’s biggest energy supplier in the UK after British Gas after sealing a deal to acquire Perth-based SSE’s household retail business. The ‘challenger’ energy company will payRead More

Carbon plan

Oil and gas industry issues roadmap for zero carbon emissions

Maersk oil field
Oil on course for change A new roadmap has been unveiled by the oil and gas industry outlining its commitment to Scotland’s zero carbon energy target. Oil and gas extractedRead More

Shift in energy focus

Parkmead buys farmland in strategic move into renewables

Tom Cross
Tom Cross: shareholding increases Gas explorer and producer Parkmead, which is focused on the UK and Netherlands, is moving into the renewables sector after acquiring Pitreadie Farm, a company owningRead More

£3.4m grant

Tidal turbine to be built in Scotland with government support

Paul Wheelhouse
Paul Wheelhouse: ‘world lead’ (pic: Terry Murden) A £3.4 million support package has been awarded to help build the world’s most powerful floating tidal turbine in Scotland. Engineering company OrbitalRead More

Operations resume

Hunterston B nuclear plant given all-clear to resume operations

Hunterston B (pic: EDF)
Hunterson B: back in business (pic: EDF) EDF Energy is expected to restart the Hunterston B nuclear reactor after Britain’s regular decided it was safe to resume generation. The OfficeRead More

Four year fall

North Sea oilfields’ efficiency measures cut downtime by a third

BP Clair Ridge
Oil workers have become more efficient North Sea oilfield operators have reduced the frequency of offshore downtime by 32% in the past four years, fulfilling plans to improve operating efficienciesRead More

Macquarie buys stake

Iberdrola’s North Sea deal ‘underpins’ shift to low carbon energy

Power play: East Anglia One’s first turbines in place (pic: Iberdrola) ScottishPower’s Spanish owner Iberdrola has sold a stake in a giant wind farm to Macquarie Group in a £1.6Read More

Update: market statement

SSE in talks to sell energy retail business to challenger Ovo

SSE advertising
SSE is seeking to offload the domestic division UPDATE 12th: One of Britain’s new generation of energy companies is tipped to acquire the electricity and gas supply business of giantRead More

More optimism in sector

Diversification driving more M&A activity across energy sector

Offshore wind
Renewables are benefiting from innovation M&A activity has picked up in the energy sector, driven by innovation and greater diversification, according to new data. KPMG’s energy team in Aberdeen, hasRead More

Call for reform

Energy firms lobby Johnson for new generation of rural wind farms

Whitelee wind farm
Whitelee wind farm in Scotland Two Scottish energy firms have launched a campaign to win support from Boris Johnson’s new government for a new generation of onshore wind farms acrossRead More