North Sea fields key to storage element of group’s CCS plan
The boss of ScottishPower said in Aberdeen last night that, 35 years on from first North Sea oil a new chapter could be opening with carbon capture and storage (CCS).
Talisman lifts budget to more than to £3bn
Talisman Energy said yesterday it planned to increase capital spending this year by more than 10% on 2009 to £3.15billion.
US deal worth nearly £17m to Wood Group GTS
Wood Group GTS (Gas-Turbine Services) said yesterday it had been awarded a five-year contract in America worth almost £17million.
Bumper contract for Petrofac worth £2.5bn
PETROFAC, the international oil and gas facility service provider, has announced what could be its biggest deal, worth up to £2.5billion.
SSE buys into Walney offshore windfarm
SCOTTISH and Southern Energy (SSE) said yesterday it had agreed to acquire a 25.1% stake in the 367-megawatt (MW) Walney offshore windfarm being built in the Irish Sea from Danish state-controlled Dong Energy, which will retain a 74.9% stake.
Tullow Oil verifies Jubilee extension
TULLOW Oil said yesterday that appraisal drilling on the giant Jubilee oil field offshore Ghana had confirmed a southern extension of the field and encountered three reservoir zones.
Hunting offloads French operation
HUNTING, the international energy service company, said yesterday it had sold its Hunting Energy France (HEF) operations to Finergy, a new company established by a group of French investors including two directors of HEF.
Oil and gas minnows could be snapped up
More consolidation in the oil and gas sector is inevitable as larger companies take advantage of the strategic opportunities presented by their junior counterparts, according to professional service firm Ernst and Young.
Hunting predicts recession-beating figures this year
Hunting said yesterday that it anticipated a trading performance for 2009 towards the high end of market expectations despite recessionary global markets, volatile commodity prices and depressed drilling activity.
Private equity firm ploughs £17million into Subocean
LDC, the private equity arm of the Lloyds Banking Group, has invested £17million in fast-growing Aberdeen business Subocean Group.
Egypt developments driving Melrose
MELROSE Resources, the Edinburgh-based oil and gas operator, said yesterday it was planning a very active exploration and development work programme for 2010 and to spend more than £103million.
Wood confident of longer-term strength of key markets
International energy service company John Wood Group said yesterday it remained confident in the medium and longer-term fundamentals of its key markets.
Wintershall win takes ESS into Dutch North Sea
ESS Support Services Worldwide, the Aberdeen-based provider of integrated catering, hotel and facility-management services offshore, said yesterday it had won its first contract in the Netherlands.
Petrofac expects to report a 25% jump in earnings
Petrofac said yesterday it expected to deliver profits after tax in 2009 of at least £203million, up 25% on the previous year.
Plexus wins £3m deal from Maersk
PLEXUS Holdings, an Aberdeen-based oil and gas engineering service business, said yesterday it had won a deal worth an initial £3million with Maersk Oil North Sea.
Sand monitoring company lands two new contracts
ABERDEEN firm Sand Monitoring Services (SMS) has been awarded two new contracts worth more than £1.5million by two leading providers of well-testing services.
Aberdeen-based designer Nautronix optimistic
NAUTRONIX, the Aberdeen-based designer and maker of specialised electronic systems and software for the offshore energy industry, said in its latest annual report, just released by Companies House, that it performed well in the year to June 30.
Hallin happy to accept £103.5m Superior deal
Hallin Marine Subsea International and Superior UK jointly announced yesterday recommended proposals for an all-cash acquisition by Superior of the group in a deal valuing the business at £103.5million.
Sevan expects an upturn in oilfield projects
Oilfield service provider Sevan Marine said yesterday it expected oil companies to start launching new production vessel projects.
Still significant potential on UKCS, says oil and gas analyst
Energy analyst Hannon Westwood said yesterday there was significant potential on the UK continental shelf (UKCS) still to be realised.
Aberdeen subsea specialist launched
A NEW Aberdeen company has been launched, following a management buyout (MBO) of Oceanteam Subsea Services from Oceanteam Group, of Norway.
Cairn takes full control of Capricorn
SCOTTISH oil and gas operator Cairn Energy added to its interests in the North Atlantic yesterday by taking full control of exploration subsidiary Capricorn, which owns large oil blocks offshore Greenland.
Canadian oil and gas firm fears it could run out of cash
Stratic Energy sounded a warning yesterday on its ability to continue to operate as a going concern.
Serica looking forward to drilling UK prospects
SERICA Energy said yesterday that, after focusing on achieving first gas and oil from its Kambuna field in Indonesia, the excitement in the next 12 months would come from its plans to drill the Conan and Oates prospects in the UK and up to five wells in south-east Asia.
Containental secures contracts worth more than £500,000
ABERDEEN firm Containental Offshore has secured a series of container contracts with oil and gas operators across the globe worth a combined total of more than £500,000.