Rapidly-evolving energy services company Proserv has been awarded its largest contract yet for subsea controls by a leading oilfield service company, reinforcing the company’s global footprint and market-leading position in the subsea techno... Read More


German industrials giant Siemens is to create 1,000 new jobs in Hull in a major boost for the UK’s offshore wind industry. Siemens and Associated British Ports (ABP) on Tuesday pledged to invest £310m in building the country&rs... Read More


North Sea oil development will be boosted on Friday with two major offshore projects expected to move ahead following the incentives for drillers offered in the Budget. Danny Alexander, Chief Secretary to the Treasury, will say that the ne... Read More


Japanese electronics firm Hitachi says it will move its global rail business from Japan to the United Kingdom. The manufacturer of the first bullet trains says it hopes the move will help it to expand the rail business to 4,000 workers from th... Read More


(Reuters) - China is in talks to buy at least 150 Airbus passenger jets potentially worth $20 billion (12 billion pounds) when Xi Jinping pays his first visit to Europe as president at the end of this month, people familiar with the matt... Read More


MILAN (Reuters) - Rosneft's indirect investment in Italy's Pirelli that will make the Russian oil group the tyre maker's single-biggest shareholder is worth more than 500 million euros (£417.50 million), a source close to the mat... Read More


Defence giant BAE Systems has been handed a major boost after Philip Hammond, the Defence Secretary, announced a £300m upgrade to the company’s submarine yard in Cumbria. The investment is a nod to the likelihood of the FTSE 10... Read More


LONDON (Reuters) - Royal Dutch Shell said on Thursday it was cutting spending on American upstream by a fifth this year after losses in resources plays such as shale in yet another step by an oil major to reduce exposure to the booming industry. ... Read More


PARIS (Reuters) - French electrical gear maker Schneider Electric confirmed on Monday it was in talks with potential buyers for its sensors unit CST, following a newspaper report saying it could reap up to $900 million from a deal. According t... Read More