Norwegian oil giant Statoil has taken on a strategic partner as it prepares to build the world's first floating wind farm off the east coast of Scotland. It has agreed to sell 25% of its assets in Hywind Scotland Pilot Park to Abu Dhabi renewable energy group Masdar. Statoil said the 30MW wind farm, which will lie about 15 miles from Peterhead, could power 20,000 households.
Under the transaction, Statoil and Masdar have agreed to share the development risk, with Masdar covering ...
Jaguar Land Rover has kept a firm grip on its position as the UK’s number one vehicle manufacturer, producing nearly one in three of all the cars made in Britain last year. The West Midlands-based company, with its engine plant in Wolverhampton, saw 544,401 cars roll off the production lines at its three UK car factories in 2016 – up 8% on the previous year.
JLR’s growth has been driven by demand for its top-selling Jaguar F-Pace and the new Land Rover ...
Last spring the UK experienced a growth in reshoring manufacturing, following the industry trend in North America. 18 months later, how has this evolved and what will be the impact of Brexit?
Family-run, UK plastic injection moulding company Pentagon Plastics have continued to experience a resurgence in reshoring. Over the last year they have welcomed an increase in enquiries from customers that have previously used overseas suppliers.
Paul Edwards, Managing Director, highlights that companies looking to bring their manufacturing back to the UK ...
Reshoring got top billing a couple of years ago when Prime Minister of the day David Cameron launched a government-backed reshoring initiative. This saw UK Trade & Investment and the Manufacturing Advisory Service (MAS) form ‘Reshore UK’ (https://is.gd/dizale).
That was January 2014 and the initiative is no longer; just like MAS. Today we have ‘Growth Hubs’ and local enterprise partnerships (LEPs), but a search for ‘reshoring’ at the LEP network website (https://is.gd/zehipa) delivers no related returns.
So it is left to small trade association ...
Spending by US oil and gas companies is expected to rebound sharply this year as the industry responds quickly to the upturn in crude prices in recent months.
While the overall recovery in the global oil and gas industry is still sluggish, capital spending in North America will rise 27% this year, according to Barclays, based on a survey of more than 200 companies.
The projections suggest that the larger US exploration and production companies will raise spending on drilling and completing wells ...
The Ministry of Defence has agreed a £410 million maintenance contract for the UK’s Atlas A400M aircraft, securing a key part of the RAF airlift fleet until 2026. The contract will sustain around 200 UK jobs with Airbus Defence and Space, focused around RAF Brize Norton in Oxfordshire. An additional 200 jobs will be sustained at GKN, Messier Dowty, Rolls-Royce and Thales.
The contract with Airbus will pay for maintenance, upgrade and repair of the UK’s entire fleet of Atlas transport planes ...
Swansea Bay tidal lagoon is set to go ahead after a government report recommended the technology plays a role in the UK’s energy mix. The review, led by former energy minister Charles Hendry, comes over a year after plans for the Swansea demonstrator project were put on hold. It advocates the formation of a new Tidal Power Authority to oversee the tender process for large-scale tidal lagoons and maximise the benefit to the UK. Hendry also recommends that a pathfinder project ...
A new report says Britain’s automotive industry looks set to continue its growth thanks to increased demand abroad and the development of cutting edge tech. The report highlights increased demand for UK exports as well as the development of cutting edge technologies that are being demanded by manufacturers and consumers across the world.
Despite the UK being the 13th largest automotive manufacturer in the world, it exports a larger proportion of automotive output than countries such as India, Brazil and France according ...
National Grid investment means Swindon plasma recycling plant will go ahead by early 2018.
National Grid’s Gas Distribution company has signed a £6.3 million deal to help fund the “world’s first” commercially operating bio-substitute natural gas plant in Swindon, which will make gas from household waste.
The deal completes financing for the project, which is being run by Go Green Gas and enables construction of the £25 million plant to start.
In the plant, waste and biomass is shredded and dried and “recyclates” such ...
A consortium comprising the world’s leader in aircraft landing gear, a leading specialist metals producer and two of the UK’s leading universities is working on FASTForge, a project aimed at the production of aerospace-grade titanium at a third of the current price.
The partners working on the FASTForge project include Safran Landing Systems (formerly Messier-Bugatti-Dowty); Metalvsis; the University of Strathclyde’s Advanced Forming Research Centre (AFRC), and the University of Sheffield.
Through FASTForge, the consortium is aiming to produce novel titanium alloy aerospace components ...