North-east ‘well placed’ to be at forefront in renewable energy
The north-east of Scotland is in prime position to be catapulted to the fore of the world's fastest growing energy sector.
Baffin Bay licence boost for Faroe
Faroe Petroleum, the Aberdeen-based oil and gas company, said yesterday it had pre-qualified as an operator for the Greenland 2010 Baffin Bay licensing round.
New base boosts international business prospects
NEW Aberdeenshire premises are helping a north-east company take its international business to the next level after just two-and-a-half years of trading.
Industry giant joins Scots trade body
ENERGY and engineering trade organisation North Scotland Industries Group (NSIG) said yesterday that AMEC, which provides consultancy, engineering and project-management services to the world's energy, power and process industries, had joined the group as its 100th member.
Dana updates investors on latest projects
Dana Petroleum said yesterday that after an agreement with Hyperdynamics in October to farm into the entire exploration licence offshore Guinea its initial evaluation of data was very encouraging.
Energising industries to adapt expertise into new fields
EXPERTS from the oil and gas and renewable-energy sectors will gather in Aberdeen next week to discuss the similarities in technical challenges faced by different parts of the energy industry.
CSEM survey specialist upbeat for future after troubled year
Offshore Hydrocarbon Mapping (OHM) said yesterday it had come through a difficult year of profound changes in the world economy.
Well-abandonment win for TSM Subsea
TSMARINE Subsea, of Aberdeen, has been awarded a £500,000 contract to abandon two North Sea wells for Petro-Canada UK, a Suncor Energy business.
Expansion boosts RBG’s fortunes
Energy services firm RBG said yesterday that international expansion and key contract wins had sustained its growth in 2008.
Appeal to think globally in uncertain times
The sixth annual North Sea Decommissioning Conference closed in Aberdeen yesterday after two well-attended days.
Energy firm TAQA sees its revenues dip this year
ABU Dhabi National Energy Company (TAQA), said yesterday it had recorded total revenues of £2.04billion for the first nine months of 2009 compared to revenues of £2.14billion a year earlier.
Conference warned of oil prices’ impact
THE sixth annual North Sea Decommissioning Conference in Aberdeen heard yesterday that the volatility of oil and gas prices would have an impact on the decommissioning market for some time.
Worst of recession behind, says oil service chief
The boss of energy service giant Schlumberger said yesterday that provided the global economy continued to show signs of recovery, the worst of the recession was behind.
Aker Solutions expects growth to return to market
Aker Solutions reported lower revenue and top-line earnings yesterday for the third quarter of 2009 than a year earlier but said that they were both holding up well in a difficult economic climate.
Contract wins boost Petrofac’s full-year outlook
Petrofac said yesterday it was increasingly confident it would deliver earnings growth of at least 20% for the full year.
Desire expects £42m boost from placing
DESIRE Petroleum, the UK-listed oil and gas explorer which is 100% focused on the North Falkland Basin, said yesterday it had conditionally placed 60million shares at 70p each to raise £42million before expenses.
Aberdeen-based business reeling in contracts
Aberdeen-based oil and gas industry inspection and testing specialist Reel Group said yesterday it had won new contracts both internationally and in the UK worth about £500,000 in total.
Dana agrees Guinea exploration deal with US partner
Dana Petroleum, the Aberdeen-based oil and gas operator, said yesterday it had agreed a deal to acquire a 23% working interest in a huge concession offshore Guinea, in west Africa.
Oil investment warning to UK Government
Wood Mackenzie has warned the UK Government to be constantly aware of the investment environment to maximise development of remaining oil and gas reserves.
San Leon proposes all-Irish tie-up
OIL and gas company San Leon Energy said yesterday it had proposed a combination with fellow Irish firm Island Oil and Gas with a view to building a strong Ireland-based oil and gas business.
Aberdeen explorers pleased with Tornado drilling success
Aberdeen oil and gas companies Dana Petroleum and Faroe Petroleum announced success in drilling the Tornado prospect west of Shetland, where they have found gas and oil.
Cairn agrees Greenland farm-out deal
Cairn Energy said yesterday it had agreed a farm-out deal with PICL, the overseas arm of Malaysian state oil company Petronas, on acreage offshore Greenland.
Norwell sticking with trusted strategy
Norwell says it is the longest-established drilling project-management group and well-engineering consultant in Europe.
Parkmead taking over Aberdeen oil and gas consultant
Energy investor Parkmead is to acquire Aberdeen University spin-out oil and gas consultancy Aupec in a deal worth more than £4million.
Aberdeen firm tempts director to jump ship
Aberdeen firm Offshore Container Holdings (OCHL) has announced the appointment of a new commercial director.