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Oil deal

Aberdeen’s Verus in $400m swoop on North Sea assets

Alan Curran
Verus Petroleum, an Aberdeen-headquartered company, is acquiring Cieco Exploration & Production (UK), a wholly-owned subsidiary of the Japanese ITOCHU Corporation in a $400m (£300m) deal. The acquisition includes a 23.1%Read More

Warm weather blamed for hit..

Heatwave burns £190m hole in SSE profits

Beauly Denny pylons
SSE has warned that it expects operating profit for the five months of its financial year to be lower..

Warning on No Deal

Oil rigs face shutdown over Brexit skills fears

Maersk oil field
Oil and gas platforms in the North Sea may have to be shut down if there is either a hard Brexit or no deal on EU withdrawal, according to an industry body.

Ofgem unveils 'fair deal'

Consumers save more than £120 in new price cap ruling

gas, Ofgem, price caps
Gas and electricity consumers will see big savings under tough new price caps announced today by the energy regulator.

Watchdog's provisional findings

SSE gets CMA clearance for npower merger

SSE advertising
Competition watchdogs have given provisional clearance to the proposed merger of SSE Energy Services,  and Innogy's retail business, npower.

Chancellor warned

Hammond tax plan ‘could undermine North Sea recovery’

Philip Hammond, reversing national insurance pledge
Chancellor Philip Hammond is being warned that he could undermine the North Sea’s recovery if..

Wave and Hive partnership

Save money on water bills with unique leak sensor

Water leak, Wave and Hive
Wave, with its Scottish office in Edinburgh, and Hive have announced a partnership that will

First rise in four years

BP raises dividend as profits boosted by higher oil price

BP has increased its dividend to shareholders for the first time in four years after its profits were boosted by higher oil prices.

Consultation under way

Threat to FiT subsidies puts green projects in jeopardy

Green Cat Renewables
Renewables lobbyists have warned that the UK Government's plan to end a subsidy programme will..

Energy giant hit

Hot spell and lower gas demand wipe £80m from SSE profits

gas, Ofgem, price caps
Warm weather combined with lower demand for gas and higher wholesale prices will wipe...