Britain's aerospace industry has grown ten times faster than the wider UK economy over the last three years and now generates revenue of almost £28 billion a year, new research shows.   The latest annual repor... Read More


  Rolls Royce has announced it will return £1bn to its shareholders to give them the proceeds from the sale of its energy turbine business. The company agreed in May to sell its gas turbine operation to Siemens of Germany for &p... Read More


  Tool and construction equipment rental group Ashtead reported a record set of full-year results yesterday with pre-tax profit up 50pc and rewarded investors with a 53pc increase in the dividend. However, fears over the weakness of the d... Read More


  Britain's biggest oil majors, BP and Shell, will unveil multi-billion pound agreements to supply liquefied natural gas (LNG) to China in two of the biggest deals to be announced by David Cameron and Premier Li Keqiang today. ... Read More


The region’s booming oil and gas industry was the focus of an international audience today, welcoming a delegation of inward investment specialists from global offshore hubs, including, Australia, Brazil, Canada, USA and Norway. The Oil ... Read More


  Oil and gas explorer Premier Oil has been given the go-ahead to develop a new field in the North Sea. Shares in FTSE 250-listed Premier rose 1.6pc on news the company hoped to produce as much 96m barrels of oil equivalent (boe) ... Read More


Siemens is in talks with Mitsubishi heavy industries about a joint bid to buy Alstom’s energy business and counter General Electric’s $16.9bn offer Japanese car manufacturer Mitsubishi has confirmed it is in discussions about a pot... Read More


  Britain's drive for wind farms will result in businesses routinely being paid to switch off their power when there is not enough wind to stop the lights going out, National Grid has said. Thousands of wind turbines are being bui... Read More


Britain's manufacturers have significantly raised their growth profile for 2014 as a result of the “buoyant” economic conditions. Businesses in the sector expect to grow as much as 3.6pc this year, up from their previous es... Read More


Scotland has a new gas industry waiting to be developed on its doorstep, leaders of the Scottish National Party have been told. Algy Cluff, chairman and chief executive of Aim-listed Cluff Natural Resources, has raised the prospect of the ... Read More


LEADING international engineering company PD&MS Energy has secured a major five-year North Sea contract extension with CNR International (CNRI). The Aberdeen-headquartered business will continue to provide services ranging from engineer... Read More


QinetiQ, the defence and technology company, has won two multi-million pound contracts to work in the ocean and outer space. The FTSE 250 company, the former research arm of the Ministry of Defence, won a five-year, £5.3m contract to... Read More


Wood Group Kenny (WGK) has been awarded a £36 million call-off contract, for 2014, with BP Azerbaijan under their 2007 Global Agreement. The contract will cover engineering and project management services for the Shah Deniz 2 Subsea Execute ... Read More


Total sold its 10% stake in Azerbaijan’s Shah Deniz gas project to Turkey’s state oil company for $1.5bn as part of an asset-sale plan. TPAO Turkiye Petrolleri will buy Total’s stake in the field and South Caucasus pipeline, ... Read More