GameChanger seeks to uncover gems of ideas
Technology companies, entrepreneurs and academics are being invited to share their ideas and technologies at an energy-industry event in Aberdeen next week.
Deloitte partner believes oil will climb back towards $80
Derek Henderson, senior partner at professional services firm Deloitte in Aberdeen, believes the world may have to get used to an average oil price close to $80 a barrel.
Group sees global benefits of going mobile
OILFIELD service company Dominion Gas has invested more than £2million in the development of ground-breaking technology aimed at giving it a competitive edge in the sector.
BP close to appointing Sir Peter’s successor
OIL giant BP has said its long search for a new chairman should be completed soon and the successor to Sir Peter Sutherland should be in place by August, according to chief executive Tony Hayward.
UK explorer agrees £3.46bn merger
UK-BASED oil explorer Heritage Oil said yesterday it had agreed to merge with Genel Energy International, part of Turkey's Cukurova Group, to create an oil producer focused on Kurdistan in northern Iraq.
CCS windfall boost for North Sea firms
Oil and gas producers with North Sea operations will benefit from a huge windfall from the sale of surplus EU carbon credits, according to carbon-capture and storage (CCS) project developer CODeepStore
Ramco at forefront of ‘exciting’ areas of industry
Ramco Energy said yesterday it had enjoyed a tremendous start to the year, focusing on its strategy to gain a foothold in both alternative energy and Iraq.
Serica makes oil find west of Ireland
SERICA Energy said yesterday it had made the first new oil discovery west of Ireland in nearly 30 years.
Hunting swoops to land Far East firm
International energy service company Hunting revealed the second of four planned acquisitions yesterday.
Tax move ‘can help UKCS compete’
Tax allowances for developing oil fields introduced in this year's Finance Bill should help to keep the UK North Sea competitive in attracting investment, it was claimed yesterday.
Entrepreneurs buy into growth story at pipe-repair expert
A north-east businessman has led a management buy-in at Aberdeen-based Walker Technical Resources (WTR) with a multimillion-pound investment.
Key figure in engineering firm appointed managing director
ABERDEEN company Enterprise Engineering Services has announced the appointment of Andrew Scott as managing director.
Deal to boost Cosalt’s Aberdeen operation
COSALT Offshore, which supplies safety equipment and services to the oil and gas and marine industries, has concluded an agreement to distribute specialist wire ropes which its chairman Calum Melville believes could be worth £35-£50million over 3 1/2 years.
Dana looking to continue progress in exploration and production
Dana Petroleum, the Aberdeen oil and gas operator, told shareholders yesterday at its annual meeting in the Granite City that 2008 had been another excellent year for the company.
Bright future forecast for Premier Oil
The chief executive of Premier Oil said yesterday it had been able to maintain a portfolio of future developments which should have the potential for significant, profitable growth over the next few years.
Total looking to lower North Sea operating costs
FRENCH oil major Total is the latest energy company to announce moves to reduce its North Sea overheads.
Oilexco North Sea well work blocked by bank
CREDITOR Royal Bank of Scotland has, in a Canadian court hearing, blocked a bid by Oilexco Inc to participate in a new UK North Sea exploration well.
South Atlantic explorer raises £7.6m from investors
FALKLAND Oil and Gas (FOG) said yesterday it had conditionally raised about £7.6million in a placing of shares with certain directors and institutional investors to help to fund capital expenditure on long-lead drilling equipment and general costs until 2010-11.
ASCO opens new site in Singapore
ASCO, the Aberdeen-based oil and gas logistics specialist, has entered the Asia-Pacific market by opening an ASCO Freight Management operation in Singapore.
Consultant says 2008 boom year for drilling in UK waters
UK oil and gas industry consultant Hannon Westwood has said that in 2008 exploration and appraisal drilling in UK waters reached its highest level since 1997.
Jim MacDonald: Piping up for north-east firms
Qualified agronomist Jim MacDonald made a major change in 1988 when he moved from agricultural merchanting into the oil and gas industry.
Dana raising £57m through share issue
Dana Petroleum, said yesterday it planned to raise about £57million through a share placing to help fund its 2009 capital spending programme.
Middle East deals give Petrofac ‘high revenue visibility’
Petrofac, the international oil and gas facility service provider, said yesterday it had made a good start to 2009 and was confident the year would be another one of strong growth.
Venture’s focus on proving reserves
Venture Production said yesterday that 2009 had started positively with good progress across all areas of its business: production, field development and drilling.
Global headwinds batter profits at energy group
Taqa, the Abu Dhabi national energy company, reported a first-quarter slump in profits yesterday as it was hit by lower oil and gas prices and weaker foreign-exchange rates.