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Energy boost

Marchant backs firm’s wind turbine efficiency tech

Ian Marchant: investor Edinburgh University start-up REOptimize Systems, has raised £300,000 in seed funding to develop its technology which enhances the efficiency of wind turbines. It has been backed byRead More

Energy deal

Hydro sales extend Virgin Money low carbon portfolio

Munergie-hydro-scheme
Munergie hydro scheme Two hydro schemes in the Highlands have been sold to an acquisitions vehicle set up to invest in low carbon energy projects. Foster Turner Hydro, a jointRead More

Refuelling plan

Logan Energy in hydrogen tie-up with Element 2

Bill Ireland
Bill Ireland: collaboration Hydrogen technologies company Logan Energy is the latest to agree a partnership with clean fuel specialist Element 2 which wants to install 2,000 re-fuelling stations across theRead More

Sign of stability

Offshore workers return to pre-pandemic level

BP Clair Ridge
Oil workers at back at pre-pandemic levels North Sea rigs are employing workers at levels not seen since the beginning of the national lockdown in March last year. Figures releasedRead More

Interest in device

Plumber’s time-saving clamp draws industry attention

Ross Dickinson
Ross Dickinson: ‘great to be working with big names’ A range of pipe repair clamps developed by a Scottish plumber turned inventor has attracted the attention of global energy companies.Read More

Daily Business Live

UK ‘may miss inflation target’; R-R chairman; AMTE CFO quits

Bank of England
REFRESH PAGE FOR UPDATES 5pm: FTSE lower The FTSE 100 closed at 7,081.01, down 14.08 (0.20%) but well off its low for the day. Danni Hewson, AJ Bell financial analyst, said:Read More

Raising £5m

Orcadian plans biggest UK oil and gas IPO on AIM

Stephen Brown and Joe Darby
Stephen Brown, CEO and Joe Darby, chairman Orcadian Energy, the North Sea focused, oil and gas development company, is launching what it believes is the largest UK-focused oil and gasRead More

Carbon commitment

Napier sells investments in fossil fuel firms

Shell-and-ExxonMobil
Selling up: the university will no longer invest in fossil fuel Edinburgh Napier University has disposed of all its direct investments in fossil fuel companies. In a statement on itsRead More

Reverse takeover

Longboat Energy to raise £35m for E&P deal

Graham Stewart
Graham Stewart: launched company Longboat Energy is raising £35 million to acquire a significant exploration drilling programme on the Norwegian Continental Shelf structured as three farm-in transactions. The new financeRead More

Daily Business Live

Springfield upbeat; Omega report boost; Scotgold; Deep Matter

Sandy Adam- Springfield
REFRESH PAGE FOR UPDATES 5pm: Commodities drive market higher The FTSE 100 index closed up 57.85 points, or 0.8%, at 7,080.46, driven by higher commodity prices, thanks to the strongRead More