Holyrood’s new offshore wind objectives have been described as a “very important step” in the future of the industry in Scotland.
Highland industries may start switching from traditional power sources to “green” hydrogen within three years under an ambitious plan that would establish the area as a “global forerunner” in large-scale production of the fuel.
Efforts to create a new collective agreement for North Sea workers are understood to be “proceeding”.
ConocoPhillips lost $450 million in the third quarter as low crude prices and reduced production during the coronavirus pandemic continued to take a toll on the company’s bottom line.
Exxon Mobil Corp. will slash its global workforce by 15% over the next two years, an unprecedented culling by North America’s biggest oil explorer as it struggles to preserve dividends.