Green energy marks ‘pivotal turning point in history’
Innovation and advances in clean green energy present a "pivotal turning point in human history", First Minister Alex Salmond said yesterday.
EnCore Oil seals Catcher rig deal
ENCORE Oil said yesterday it had agreed a contract for the Transocean Galaxy II jack-up rig to drill up to four exploration and appraisal wells on the Catcher discovery in block 28/9 in the UK central North Sea.
Dana accepts defeat in South Korean £1.67billion takeover
South Korea's national oil company KNOC said yesterday it had taken control of Aberdeen oil and gas operator Dana Petroleum, whose board had accepted defeat in the hostile takeover.
Wood Group takes major stake in Sgurr
International energy service company Wood Group has acquired a significant equity stake in renewable-energy consultant SgurrEnergy in a move said to be key to the Aberdeen company's renewables strategy.
OHM agrees to offload CSEM data business
Offshore Hydrocarbon Mapping said yesterday it had agreed to sell its marine controlled-source electromagnetic (CSEM) data-acquisition business.
Vessel sharing bringing record savings
NORTH-EAST vessel-sharing organisation Aberdeen Marine Logistics Alliance (Amla) said yesterday it was on course to record more than £1.5million of savings for its members in 2010 after its operations doubled in frequency during the first half of this year.
Nautical surges after sidetrack success on Kraken field
Shares in Nautical Petroleum were sent soaring nearly 40% yesterday after it said it had found a substantial column of oil in a sidetrack well drilled on the Kraken field.
Aubin completes £250,000 lab investment
AUBIN, a supplier of specialist chemicals to the oil and gas industry, has completed a £250,000 investment in its laboratory, testing operation and equipment at its UK headquarters in Ellon.
New ERR vessel bound for Talisman installations
A NEW Craig Group vessel was introduced yesterday at Aberdeen harbour as the global shipping and energy service firm named one of the last vessels of 16 in an eight-year £130million investment programme.
Cladhan tests confirm prospect as commercial
EnCore Oil has announced the result of successful testing operations on the Cladhan appraisal well in the UK northern North Sea.
Spill claims less than BP expected
BP believes compensation claims related to the Gulf of Mexico oil spill will be less than the £13billion it has put into an independent claims fund.
Templeman hears views of oil sector
The director general of the Institute of Directors was in Aberdeen yesterday to hear about the needs of the oil and gas industry and to give his views on the prospects for business in the UK.
Opito International taking message overseas
OPITO International is to launch the first international conference focused on global safety and competency in the oil and gas industry.
Profits surge to £82m at Aberdeen oil and gas firm
Dana Petroleum, the Aberdeen-based oil and gas operator, repeated yesterday that it had noted Korea National Oil Corporation's (KNOC) unsolicited cash offer of £18 a share, which valued the company at £1.7billion.
Hunting confident in drilling for second half
HUNTING, the international energy service group, said yesterday that despite the moratorium on deepwater drilling in the Gulf of Mexico, the outlook for trading in the second half of 2010 remained encouraging.
Xodus hails ‘fantastic’ Huntington opportunity
Energy consultant Xodus Group has won a £1million contract for detailed design of structures and pipelines and front-end engineering design (Feed) of risers for the Huntington oil field development in the UK central North Sea.
Norland creating order from chaos
Creating order and making a system or process work before it descends into farce, failure and potential financial loss drives Tom Norland, 49, the Aberdeen-based managing director of PTC's international business.
Skill shortages could still hold back growth in subsea sector
British subsea companies are reporting strong growth prospects for the next five years but also signs that skill shortages could constrain that growth.
Petrofac peaks after strong half-year showing
Oil and gas facility service provider Petrofac saw its FTSE-100 listed shares touch a record high of £14.28 yesterday after it posted a strong set of interim results.
Subsea sector’s future under the spotlight
Oil & Gas UK and Subsea UK are expecting up to 100 delegates at their forthcoming seminar focused on securing a safe and sustainable future for the subsea industry.
Demand for Toro growing across globe
REFLEX Marine has seen demand grow globally for its Toro crew-transfer capsule and said yesterday it had sold 30 across offshore Asia-Pacific, Europe, Africa, Australia and America since its launch in February, 2009.
OEG wins pipe-bin deal from NOV
OIL service group OEG Offshore has won a £290,000 deal with US drilling rig component manufacturer National Oilwell Varco (NOV).
Faroe to increase interest in Clapton prospect area
FAROE Petroleum, the Aberdeen-based oil and gas company, said yesterday it had agreed to increase its interest from 20% to 40% and obtain the operatorship of a Norwegian licence containing the Clapton oil prospect.
Melrose in line for Bulgarian gas boost
MELROSE Resources, the Edinburgh-based oil and gas operator, posted higher first-half profits yesterday, driven by a rise in oil prices.
North Sea group ups production guidance for year
Oil and gas operator EnQuest raised its full-year production guidance yesterday after completing two wells ahead of schedule and boosting oil flow from another.