Positive reaction from Crieff bioenergy project
SCOTTISH Bioenergy Ventures (SBV) has successfully completed the first phase of a trial at Scotland's oldest working whisky distillery in which algae converts carbon dioxide into biofuels.
Aberdeen software firm wins contracts
ABERDEEN firm Motion Software has won two contracts worth more than £100,000 with energy-sector firms.
Subsea conference on course to be bigger than last year
Oil and gas industry leaders, more than 100 exhibitors and 2,000-plus visitors from around the globe will descend on Aberdeen next week for Europe's largest subsea exhibition and conference.
Aberdeen oil show set to be biggest yet
Offshore Europe 2009 is on track to be the biggest event yet of the biennial north-east showcase for the oil and gas industry.
Fourth-quarter earnings fall 33% at ExxonMobil
EXXONMOBIL, the world's biggest publicly traded oil and gas operator, said yesterday its fourth-quarter 2008 net income fell 33% on a year earlier to £5.58billion as a sharp drop in oil prices affected results.
Venture offers clients single point of access
FOUR firms have teamed up for an Aberdeen-based alliance, which will target oil and gas inspection and assessment work.
Value of 3i’s investments hit by market slump
Private-equity investor 3i Group said yesterday the value of its biggest investments dived in the quarter to December 31, sending its shares briefly to a new low.
US major could cut workforce in North Sea
North Sea jobs could go at ConocoPhillips, the third biggest American oil and gas company.
Successful well tests boost plans for gas field
Faroe Petroleum said yesterday a well and sidetrack well on the Breagh gas discovery in southern North Sea block 42/13 had been tested successfully.
Endeavour hopes to fast-track plan to develop Rochelle
ENDEAVOUR International said yesterday it had drilled an appraisal well on the undeveloped Rochelle discovery in block 15/27 in the outer Moray Firth.
Tullow raises £402m for African projects
Tullow Oil, which has had a string of exploration successes in Africa, said yesterday it had successfully concluded a share placing with new and existing institutional investors to raise £402million.
Bridge marks first North Sea success
BRIDGE Resources, the Denver-based oil and gas operator which focuses wholly on the UK North Sea, held a reception in the Marcliffe Hotel, Aberdeen, last night to mark its success in bringing the southern North Sea gas field Durango into production at the end of November.
North-east firm hails court decision to revoke patents
Offshore Hydrocarbon Mapping, the Aberdeen-based oil and gas survey company, yesterday welcomed a UK High Court decision to revoke three key patents granted by the European and UK patent offices to Norwegian firm EMGS.
Aker expecting loss on Frigg contract
AKER Solutions said yesterday its fourth-quarter results would be hit by an accounting loss.
Tritech nets chief from sister company
Aberdeenshire oil and gas technology company Tritech said yesterday that John Smith, previously technical director of fellow Halma Group business Sonar Research and Development, had been appointed technical director.
Cairn gets go-ahead to develop more Indian discoveries
Oil and gas explorer Cairn India, majority owned by Edinburgh-based Cairn Energy, said yesterday it had received Indian government approval to develop more discoveries.
Risk of jobs losses at North Sea drilling contractor
More than 100 jobs could be at risk at a North Sea drilling contractor following oil company Talisman Energy's decision to put its platform drilling operations in the region on hold.
Fuelled by focus on energy
As a partner and head of energy for national law firm McGrigors, Bob Ruddiman is regarded as one of the UK's leading experts in his field.
Transocean seeking to recover rig costs
Transocean, the world's biggest offshore oil and gas drilling contractor, has said it will take action to try and recover costs on one of its rigs which was being used by Oilexco North Sea (ONS) in the UK North Sea.
Tullow hails oil discovery in Uganda
Tullow Oil said yesterday it had made one of the largest recent onshore oil discoveries in Africa with the Giraffe-1 well in Uganda, which had proved to be linked to the earlier Buffalo-1 find.
Venture ‘well funded’ for future buys
Venture Production's boss said yesterday that the Aberdeen-based oil and gas operator was well funded to make acquisitions.
Talisman plans to spend £418m on North Sea projects
Talisman Energy said yesterday it had decelerated its spending on some projects in the UK North Sea to take advantage of a slowdown in the contracting environment.
Chevron boss says world must be realistic about renewables
The Scot who is vice-chairman of US energy major Chevron said in Aberdeen last night that he hoped renewable-energy sources could make great progress in coming years.
Hallin sets up robotics arm in UK
HALLIN Marine, the AIM-listed subsea service provider to the oil and gas industry, said yesterday it had formed a new robotics company and expanded the boards of its two main operating divisions in Aberdeen and Singapore.
Troubled ONS stripped of Huntington operatorship
Norwegian Energy Company, (Noreco), said yesterday the non-operating partners of the Huntington field in the UK had unanimously decided to remove Oilexco North Sea (ONS) as operator of the licence.