Oil services company jobs at risk in north-east
MORE than 100 north-east jobs are at risk at international oil services company Baker Hughes Inteq.
BP finalises agreement over structure of Russian venture
OIL major BP said yesterday it had finalised the revision of the shareholder agreement with its Russian joint-venture partners in Russia's third-largest oil company TNK-BP.
Massive Merpro shipment sets sail
MONTROSE oil and gas technology manufacturer Merpro has shipped out a consignment of produced-water hydrocyclone modules to Abu Dhabi.
Huntington oil development ‘to go ahead as planned’
Development of the Huntington oil discovery will go ahead as planned despite its operator, Oilexco North Sea (ONS), going into administration this week.
Faroe to take part in Norway drill campaign
FAROE Petroleum, the Aberdeen-based oil and gas company, said yesterday it was planning to participate in three near-term wells in Norwegian waters, in each of which the company has a 10% interest.
North Sea gas find gives Faroe a welcome lift
Faroe Petroleum saw its shares jump more than 40% at one stage yesterday after investors welcomed a second potentially large gas discovery in the Breagh area of the southern North Sea.
£3m expansion plan for Granite City business
Aberdeen company Rubberatkins has announced a £3million expansion plan for 2009.
Lean second half forecast for North Sea
Hundreds of millions of pounds of oil and gas exploration and development activity in the North Sea will be shelved next year, the senior partner of PricewaterhouseCoopers in Aberdeen has warned.
Causeway phase-one plan submitted
Oil and gas operator Antrim Energy said yesterday it had submitted a field-development plan for the Causeway oil discovery in block 211/23d north-east of Shetland to the Department of Energy and Climate Change.
Opito director on GlobalScot mission
OPITO - the Oil and Gas Academy's director of international business development is to join GlobalScot, the select group of international business leaders committed to advancing Scotland's success around the world.
Aberdeen Gateway secures first major tenant
THE Aberdeen Gateway Business Park in the city's Wellington Road has gained its first major tenant.
Granite City firm hails first oil from Grouse
Venture Production, the Aberdeen-based oil and gas operator, said yesterday it had successfully brought the Grouse oil field into production.
Dana successful in Norwegian licensing round
Dana Petroleum, the Aberdeen-based oil and gas operator, said yesterday that its Dana Petroleum Norway subsidiary had been awarded interests in eight Norwegian offshore blocks.
Cairn makes discovery near Raageshwari field
CAIRN India, 65%-owned by Scottish oil and gas operator Cairn Energy, said yesterday it had made another oil and gas discovery in Rajasthan, north-west India, adjacent to its Raageshwari field, which has an approved field-development plan.
Norwegian licence wins for Aberdeen firm
Faroe Petroleum said yesterday it had been awarded three new exploration licences under the latest Norwegian government licensing round.
Trouble in pipeline for oil minnows
Next year is expected to bring another period of uncertainty for smaller oil and gas firms operating in the UK North Sea.
Focus on how to fulfil North Sea’s potential
Europe's biggest subsea event, the Subsea '09 conference and exhibition, will focus firmly on protecting investment, innovation and cross-industry collaboration in helping to exploit the potential of the UK Continental Shelf.
Company underlines commitment to UK
NORWEGIAN subsea technology company Framo Engineering has relocated its Aberdeen office to St Swithin Row from Willowbank Road.
Hunting expects customers to cut budgets
Energy service provider Hunting said yesterday that oil and gas company capital spending was expected to decline in 2009, as a result of both commodity price decreases and global financial market conditions.
£65m earmarked for harbour projects
ABERDEEN Harbour Board has approved a £65million capital spending and exceptional maintenance budget over the next five years as part of plans to sustain and develop activity at the port.
OHM needs urgent cash injection to survive
Aberdeen-based Offshore Hydrocarbon Mapping, which specialises in controlled-source electromagnetic imaging surveys to find oil and gas, has warned investors over its future.
Aker wins Tupi field contract
AKER Solutions said yesterday it had been awarded a contract worth almost £42million by Brazil's national oil company, Petrobras, to supply the first set of subsea trees - including control systems and related equipment - for the Tupi field development off Brazil.
Marathon agrees Irish deal with Star
Marathon Oil said yesterday it had agreed to sell its wholly owned subsidiary Marathon Oil Ireland to Star Energy, which is owned by Malaysian national oil company Petronas, for about £118million.
Oilexco secures short-term funding package
Oilexco said yesterday it had agreed new bridging finance of up to £31.25million with the Royal Bank of Scotland and the company's banking syndicate.
Traders react coolly to record oil export cut
Oil ministers of the 12 members of the Organisation of Petroleum Exporting Countries agreed yesterday on an expected sharp cut in their supplies.