Ex-Cape pair get £1m-plus compensation
Two former bosses of troubled oil service firm Cape have received compensation payments totalling more than £1million.
Skarfjell reserves upgrade
Oil and gas explorer Cairn Energy said yesterday it was upgrading its reserve estimate for the Norwegian North Sea Skarfjell discovery to a range from 92-282million barrels of oil equivalent.
Norway discovery “potentially significant”
Premier Oil has announced a “potentially significant” oil discovery at the Luno II well in the Norwegian North Sea.
£2.1m boost for growth
Aberdeen-based Deep Casing Tools said yesterday it would benefit from £2.1million in working-capital funding from the Scottish Loan Fund.
Offshore crisis talk hosted
The Norwegian-British Chamber of Commerce will host an evening talk on offshore crisis management in the Aberdeen Copthorne Hotel next Wednesday, by Andy Lang, the global lead for oil-spill response at Petrofac.
Xcite ups Bentley reserve figure after extensive tests
Heavy-oil explorer Xcite Energy yesterday said it had found 65% more oil than previously expected at its Bentley field, east of Shetland.
Stella area drill award
Ithaca Energy awarded a multimillion-pound contract to Transocean subsidiary ADTI yesterday to complete development drilling at its Greater Stella Area project.
Dry well at Darwin
Faroe Petroleum said yesterday it was abandoning the Darwin exploration well as dry.
Falklands firm makes breakthrough
Falklands-focused oil and gas explorer Borders and Southern said yesterday 2012 had been a breakthrough year, with a 200million-barrel gas-condensate discovery underpinning its future.
‘Biocoal testing proves success’
Field trials to test a “biocoal” for coal-fired power stations have proved a success, according to Aberdeen-based Rotawave Biocoal.
Condensate found in delayed North Uist well
Drilling at BP's delayed North Uist exploration well has found gas condensate, it emerged yesterday.
Brazil and Norway key markets
Marine technology company Nautronix is looking to new offices in Norway and Brazil to propel it to further growth after a large jump in profits and turnover.
Westhill group in the red
North-east energy service firm SeaEnergy said yesterday it made pre-tax losses of £2.4million in 2012.
Strike action threatened in Norway
A Norwegian Trade Unions group warned this week that 90 Industri Energi union members at Subsea 7 will go on strike from this month if the firm does not comply with demands for equal pay and working conditions for all its employees.
West-of-Shetland contract key to Amec hitting target
Engineering service firm Amec yesterday highlighted a west-of-Shetland contract as key to meeting its order book targets.
Breagh delays keep pressure on Sterling’s finances
Oil and gas explorer Sterling Resources is facing renewed financial pressure after a further 90-day delay in the Breagh development project in the North Sea.
More can be done to improve safety
Step Change in Safety has called on the oil and gas industry to continue improving its safety performance.
Centrica brings Rhyl on stream
Centrica Energy's Rhyl gas field came on stream yesterday after a few month's slippage, due in part to air temperatures at the Morecambe Bay field reaching -19C last month.
Oil and gas conferences lined up
The north-east will be the venue for two oil and gas conferences on Monday and Tuesday, April 15-16.
US power upgrade win
Wood Group GTS said yesterday it was awarded a £7.38million contract to upgrade one of Los Angeles Department of Water and Power's hydro-turbine generators.
RSE recognises Sir Ian’s outstanding contributions
North-east entrepreneur Sir Ian Wood has gained further recognition for an outstanding contribution to business and commerce in Scotland.
Common mushroom derivative may help boost oil recovery rates
Germany's largest oil and gas company Wintershall has started testing a new recovery enhancement technology with its parent BASF.
Diversity on the cards for engineer Paul Otway
Award-winning Paul Otway has been a subsea engineer for several years now but when he graduated in crisis-wracked 2008, he faced a world of uncertainty.
Project opens way to improve students’ digital employability
Companies are increasingly using social media to advertise positions and vet applicants was one of the findings of a University of Aberdeen study.
Cows can earn their keep and keep the lights on
A typical dairy farm could supply most of the electricity it needs to milk the cows, by converting their manure into energy.