Offshore extended rota plan ‘a step back’
An Aberdeen-based oil company's proposal to change its staff rota system has been criticised by unions as "a step back in time".
Expanding hi-tech research boundaries
A CONSTANTLY widening technology arena is central to the long-term growth of the global subsea sector, an oil and gas industry event in Aberdeen was told yesterday.
Subsea 7’s use of foreign workers worries RMT
An offshore union has complained to global oil and gas industry engineering and construction company Subsea 7 about its use of foreign workers.
CHS Energy has new head of operations
OCCUPATIONAL health provider Capita Health Solutions (CHS) has announced the appointment of Helen Stuart as operations director of its Aberdeen-based energy division.
£5m wins for Cyclotech
ABERDEEN oil and gas industry separation technology firm Cyclotech has announced four contract wins with a combined value of about £5million.
Valiant looking to raise about £66.5m
Valiant Petroleum said yesterday it had placed new shares to raise about £66.5million from both existing and new institutional investors.
Oil-related firms feel impact of credit curbs
ITS Tubular Services (Holdings) says that economic conditions and the fall in available credit facilities have had a major impact on operators' capital investment programmes.
North Sea ‘resource flight’ warning
Oil and gas industry body the Well Services Contractors Association (WSCA) has warned that the UK industry faces another "resource flight" when a global upturn comes.
Glenlivet gas discovery gives boost to Faroe
Faroe Petroleum said yesterday it had enjoyed an excellent year to date with significant exploration success in the Atlantic margin in the Glenlivet gas discovery, in which Faroe has a 10% stake.
Egdon Resources close to acquiring assets from EnCore
Egdon Resources, the UK onshore-focused oil and gas operator, and EnCore Oil said yesterday they were in advanced negotiations over the acquisition by Egdon of a portfolio of UK and French assets from EnCore.
Wood Group company lands Brazil deal
Wood Group Engineering & Production Facilities Brasil, said yesterday it had won a five-year contract in Brazil worth around £36.4million.
Cosalt Marine remains on course during third quarter
Cosalt said yesterday that third-quarter revenue at Cosalt Marine was at a level consistent with the comparable period last year, at £15.5million.
Oil sector facing ‘seismic shift’ in accounting rules
Professional service firm Deloitte is to advise businesses in the upstream oil and gas sector on what it describes as a "seismic shift" in accounting rules for the sector.
Prodrill completes MBO from Sovereign
PRODRILL Engineering said yesterday it had completed a management buyout (MBO) from Aberdeen-based Sovereign Oilfield Group for £2.25million, and would now trade under the new name of Prodrill Energy Resource Solutions.
Valiant reports first revenue from North Sea fields
Valiant Petroleum, which is 100%-focused on the UK North Sea, said yesterday it remained positive about its business outlook in respect of its portfolio of assets and the potential for growth by acquisition.
Talisman signs up new North Star vessels
TALISMAN Energy has chosen Aberdeen-based Craig Group's latest new-build vessels to support operations in its northern business area in the UK North Sea.
SMS wins major deal with global oilfield service giant
Aberdeen company Sand Monitoring Services (SMS) has been awarded a multimillion-pound contract by a global oilfield service giant - understood to be Schlumberger - for sand and solids monitoring services in Europe, Africa and the Caspian area.
Noble Energy signals North Sea exit
Noble Energy has signalled its intention to sell its assets in the North Sea and analysts have valued a deal as potentially worth up to £400million.
Faroe shares soar after gas find announced
Faroe Petroleum saw its shares soar more than 20% to 106p yesterday after it announced its first discovery in the Atlantic Margin.
Renewable energy expertise on show
SCOTLAND'S renewable energy expertise will today come under the spotlight at the world's largest offshore wind trade event - the European Offshore Wind Conference (EOWC) in Stockholm, Sweden.
Aberdeen firm sets up US joint venture
ABERDEEN firm Walker Technical, which specialises in composite pipe repairs for the oil and gas industry, said yesterday it was to enter the American market for the first time through a joint venture with Louisiana-based Fairwinds International.
Expro reveals major North Sea service win
International oilfield service company Expro has been awarded a multimillion-pound contract by Apache North Sea following completion of a competitive tendering process.
Oil giant planning job cuts of 15%
Royal Dutch Shell is planning job cuts of about 15% in its core exploration and production business, according to a report released yesterday.
Golden Eagle hailed as major find
Nexen said yesterday it had made the largest oil find in the UK North Sea since the giant Buzzard field was discovered in 2001.
Buyout refocuses TSMarine operations
A NEW Aberdeen-based subsea company has been formed after a management buyout (MBO) from TSMarine (Contracting).