Bowleven raising funds for Cameroon campaign
Oil and gas explorer Bowleven said yesterday it was raising new funds to pursue an aggressive exploration programme offshore Cameroon.
SPE stimulating interest in heavy oil
The challenges and opportunities of extracting heavy oil from the UK North Sea took centre-stage at an industry gathering in Aberdeen yesterday.
Consultant ‘in a strong position’ as US business performs well
AEA Technology said yesterday that despite short to medium-term difficulties in the UK, it was in a strong position and well placed for good growth in the new financial year.
Zenith scoops SME300 newcomer award
ZENITH Oilfield Technology, based at Inverurie, is celebrating today after scooping an award at a ceremony in Glasgow last night.
Amec to work on Forties platform-modification project
Amec said yesterday it had been selected by Apache North Sea to undertake project management, engineering and procurement for the design and implementation of modifications to the Forties Alpha platform.
Apache orders £150m platform for Forties
Apache, the US-based oil and gas operator, has placed a £150million contract to build a new oil production platform for the Forties field in the UK North Sea.
Economy warning for energy firms
Professional services firm Ernst & Young's oil and gas eye index, which tracks the performance of AIM-listed oil and gas companies, returned to growth over the third quarter of 2010, ending the period up 19.6%.
Faroe joins forces with Scottish and Southern Energy
Faroe Petroleum and utility Scottish and Southern Energy (SSE) said yesterday they had agreed to work together to acquire producing oil and gas assets in the North Sea.
BP and Baker Hughes share ICoTA innovation accolade
OIL and gas well-intervention specialist body the Intervention and Coiled Tubing Association (ICoTA) has jointly awarded BP Exploration and Baker Hughes its European Chapter Innovation Award.
Taskforce urging action to address UK energy issues
A group of business leaders will warn the UK Government today that more urgent action is needed from it to address energy issues following the Gulf of Mexico oil spill.
EnQuest chief hails production growth
EnQuest said yesterday it remained on track for its 2010 production target of an average of 20,000 barrels of oil equivalent per day (boepd).
Safety and environment ‘must remain a priority’
The chief executive of Subsea UK has warned the oil and gas industry that it must think long and hard before embarking on cost-cutting measures when awarding contracts for decommissioning work.
Wood Group confirms no takeover talks taking place
Aberdeen-based energy service business Wood Group said yesterday it was not in takeover talks.
Premier playing down report of Korean interest
Premier Oil has played down a report that South Korea's state-backed oil firm KNOC had made a takeover approach.
Petrofac lands £40m Maersk Oil contract
Petrofac, the oil and gas facilities service provider, said yesterday it had been awarded a contract worth £40million over three years for engineering services on the UK continental shelf assets of Maersk Oil North Sea UK.
Forecasts signal energy industry’s revival – analyst
Wood Mackenzie said yesterday that UK North Sea upstream oil and gas industry capital spending this year would be around £4.8billion, slightly down on £5billion in 2009.
AMEC is on track to deliver better financial performance, says chief
AMEC said yesterday trading for the year to date had been towards the top end of expectations.
Companies cash in on Huntington contracts
Two contracts worth a combined £430million have been awarded in connection with the development of the Huntington oil field in the UK central North Sea.
Cross wants Parkmead to expand its portfolio
Parkmead Group, the specialist oil and gas investment and advisory company based in Aberdeen, said yesterday it was looking to build on its existing platform and develop oil and gas exploration and production assets.
Bowleven’s shares jump on the back of oil finds
Bowleven saw its shares soar yesterday after it said it had already made two potentially significant oil discoveries in a well off Cameroon and hoped to find more oil on reaching the well's target depth.
Petrotechnics completes Russian contract
PETROTECHNICS, an Aberdeen-based software provider to the global oil and gas industry, said yesterday it had completed a contract worth a seven-figure sum for Sakhalin Energy Investment Company in Russia.
Shell to sell 10% of its stake in Australian firm
Royal Dutch Shell announced yesterday an agreement to sell part of its stake in Australia's biggest energy company Woodside Petroleum in a deal worth around £2.1billion.
Wood announces North Sea contract award from Hess
Wood Group said yesterday it had landed a North Sea contract from US oil and gas company Hess worth up to £50million a year.
Earnings surge at oil operator Talisman
OIL and gas operator Talisman Energy posted a jump in net income yesterday for the third quarter of 2010.
Hunting on course to beat market forecasts
Hunting, said yesterday it was positioned to exceed full-year market expectations following a strong performance from July 1 to October 28.