Weir Group News

Jim McColl, one of Scotland's richest men, has tabled a bid to rescue collapsed Clyde shipbuilder Ferguson and aims to return the yard to its former glory by creating hundreds of jobs, according to HeraldScotland. The engineering tycoon, who saved about 550 jobs at Weir Pumps in Glasgow in 2007 by buying that business from Weir Group, is pledging to invest many millions of pounds in the yard at Port Glasgow if his offer is accepted by ­administrators. Ferguson, which was founded in 1902 and is the last commercial shipbuilder on the Clyde, collapsed into administration last week, with 70 of the remaining 77 employees made redundant reports HeraldScotland online.

Speakers set to fuel energy debate at Unconventional Gas Aberdeen 2014. Leading figures from industry and government speaking at Unconventional Gas Aberdeen 2014 will tomorrow highlight the impact U.K. shale development could have on reducing costly gas imports but admit that more needs to be done to reassure communities on aspects such as fracking. With more than 50 percent of U.K. gas supplies now coming from imports, predominantly from Norway and the Middle East, shale gas is being promoted as part of the solution in creating a secure and affordable energy mix.