Bosses to net £8m after STS sold to Neptune Marine
Bosses at Aberdeen oil and gas industry remotely operated vehicle (ROV) company STS will share about £8million following a deal to sell the company to Australia's Neptune Marine Services.
Key role for service firms in UK E&P, says consultant
UK energy industry consultant Hannon Westwood said yesterday that the oil and gas service sector could take a leading role to access the benefit of the estimated 23billion barrels of oil equivalent remaining in the UK North Sea.
Baker to take over US rival in £3.33bn deal
Oilfield service company Baker Hughes said yesterday it was to acquire smaller rival BJ Services in a £3.33billion cash and shares deal.
Cosalt £25million deal for BP’s North Sea lifting equipment
Cosalt Offshore, a provider of lifting, tooling and marine services to the oil and gas industry, has secured work with BP worth up to £25million to supply all lifting equipment in the UK and Norwegian sectors of the North Sea.
Triton group to unveil its latest Rov at oil and gas show
Oil and gas subsea technology and services firm Triton Group will unveil its latest generation remotely operated vehicle (Rov) during Europe's largest oil and gas show.
Dana boss upbeat despite profit slide
Dana Petroleum, the Aberdeen-based oil and gas operator with interests in the North Sea, Egypt and Morocco, yesterday brushed aside a slump in profits in the first half of 2009.
Jobs expected as Hunting to invest £20m in north-east
International energy service company Hunting said yesterday that the Aberdeen area was a continuing focus for investment in its business, and that more jobs would be created as it expanded.
Premier encouraged by results of Bream testing
Premier Oil said yesterday it had completed the drilling and testing of the Bream appraisal well in Norwegian waters.
Melrose upgrades output guidance
MELROSE Resources, the Edinburgh-based oil and gas operator with interests in Egypt, Bulgaria, Romania America, France and Turkey, said yesterday that first-half production from existing fields and new Egyptian developments had beaten expectations.
Shipping giant feeling effects of recession
Danish container-shipping, oil and gas, tanker and retail giant AP Moller-Maersk said yesterday the economic crisis had a severe negative impact on its business in the first half of 2009.
Venture results speak volumes – boss
The chief executive of Venture Production said yesterday its strong results for the six months to June 30 and forward prospects reinforced the board's recommendation to shareholders to reject Centrica's hostile cash takeover bid.
Ettrick oil field flowing for Dana Petroleum
DANA Petroleum, the Aberdeen-based oil and gas operator, said yesterday that first oil had been produced from the Ettrick field in blocks 20/2a and 20/3a in UK waters.
North Sea safety stalwart to step down
THE head of the Health and Safety Executive's offshore division and a key figure in offshore safety improvements in the UK North Sea is about to retire after 3
Record number of entries for awards
NOMINATIONS have now closed for Oil & Gas UK's annual industry awards ceremony and the number of entries received has been the most impressive yet.
Antrim pushes ahead in North Sea
ANTRIM Energy, the Canadian oil and gas operator which focuses on the UK North Sea and Argentina, reported yesterday that it was continuing to progress its two major projects in the North Sea.
Ex-BP man brings wealth of experience to Valiant
VALIANT Petroleum, the British oil and gas company, has announced the appointment of leading oil industry figure Dave Blackwood as a non-executive director.
Melrose upbeat over Kaliakra well
MELROSE Resources, the Edinburgh-based oil and gas operator, said yesterday it had successfully drilled a well to appraise its Kaliakra gas discovery in Bulgaria.
Rise in energy offshore spending predicted
OIL and gas industry offshore spending is expected to grow strongly, despite the global recession.
Sovereign to sell another subsidiary to cut its debt
Sovereign Oilfield Group said yesterday it had agreed to sell another subsidiary and its headquarters offices in Aberdeen to reduce debt.
Petrofac report Don fields progress
PETROFAC, the international oil and gas facilities service provider, said yesterday it had already sold two tanker cargoes of oil totalling just above 1million barrels from the West Don and Don Southwest fields north-east of Shetland.
Applus RTD UK wins £7.5m contract
APPLUS RTD UK, the inspection and testing company, yesterday said it had won a contract with Maersk Oil North Sea UK worth more than £7.5million over a three-year period.
Cash offer for Venture is highly attractive, says Centrica
Centrica said yesterday its cash offer for Aberdeen's Venture Production was "highly attractive" to the takeover target's shareholders at a time of continued economic uncertainty and market volatility.
Venture shares ‘valued well above offer’
Venture Production said yesterday an independent valuation of its assets gave its shares a minimum value of £10.66, well above British and Scottish Gas owner Centrica's current offer of 845p a share to buy the company.
Lower energy prices hit StatoilHydro
THIS year's second-quarter results of StatoilHydro were adversely affected by lower crude oil and gas prices, currency effects and an unusually high effective tax rate caused in part by tax on currency gains, the Norwegian oil and gas major said yesterday.
Endeavour now in stronger position
ENDEAVOUR International, the Houston-based oil and gas operator with growing interests in the UK North Sea, said yesterday the second quarter of 2009 had been one of strategic significance for the company.