INTERNATIONAL energy service group Hunting said yesterday it had agreed to acquire Houston-based Innova-Extel, a supplier of harsh-environment electronics technology to the energy industry.
Professional services firm Ernst & Young's oil and gas eye index, which measures the performance of oil and gas company stocks, fell by 6.7% in the second quarter of 2010, bringing to an end a run of five consecutive quarters of growth in the index.
Cairn Energy may sell part of its 62.37% stake in Cairn India but will not exit the business, the Indian subsidiary's chief executive, Rahul Dhir, said yesterday.
Mining giant Vedanta Resources is looking to buy a stake in Cairn India, the Rajasthan-focused subsidiary of Scottish oil explorer Cairn Energy, it emerged yesterday.
NAUTICAL Petroleum, the Aim-listed heavy-oil explorer, said yesterday it had raised £30.35million in a share placing to help fund its planned activity until the end of 2011.
DANA Petroleum has reported successful flow testing of the recently drilled appraisal well on the Blackbird oil field in block 20/2a in the UK central North Sea.
MORE than 2,200 commercial divers will be needed to help to build and develop Europe's offshore-windpower sector as it expands rapidly, according to leading industry analysts.
DANA Petroleum said yesterday that shareholders had unanimously approved its proposed £270million acquisition of Petro-Canada Netherlands.
Oil and gas engineering and construction firm Subsea 7 unveiled another large contract yesterday, worth £63million-plus, and said it meant more jobs in the north and north-east.
Dana Petroleum and Korea National Oil Corporation (KNOC) were reported to be in talks yesterday over the latter's indicative £18-a-share offer for the Aberdeen-based company.
Endeavour International said yesterday it was preparing to drill the West Rochelle prospect, which straddles blocks 15/26c and 15/26b in the UK North Sea.
Oil and gas company Serica Energy said yesterday that significant progress had been made towards development of the Columbus gas field in block 23/16f in the central North Sea.
REMOTELY operated vehicle (ROV) manufacturer Sub-Atlantic, part of the Triton Group, has netted orders worth more than £2.5million for six ROV systems from five international customers during an unprecedented week of sales activity.
Xodus Group, the Aberdeen-based energy consultant, is launching a new value, decision and risk-management service for the oil, gas and renewable-energy sectors.
BAKER Hughes which completed its acquisition of BJ Services on April 28, said yesterday it had achieved net income of £58.49million for the second quarter of 2010, compared with £54.72million a year earlier.
Scottish engineer Weir Group said yesterday that against the background of an uncertain economic recovery, it had once again delivered an excellent set of results with all divisions recording profits and improved margins.
RED Spider Technology, the remote-technology specialist serving the international oil and gas industry, has appointed Gary Connel to the new post of chief financial officer and as a director as part of its growth strategy.
Korea National Oil Corporation (KNOC) was reported yesterday to be finalising loans required to submit a formal £1.7billion bid for Aberdeen-based oil and gas operator Dana Petroleum.
INTERNATIONAL oil and gas service company Expro has created a centre of excellence in Aberdeen to provide specialist training to employees on its sonar metering systems, which provide wellhead monitoring.
Offshore oil and gas industry service provider CHC Helicopter said yesterday it had won a five-year deal worth £55million to provide crew-change services for Apache North Sea.
TULLOW Oil said yesterday it had completed an acquisition which would help to turn Uganda into a significant oil producing nation.
Talisman Energy said yesterday it was making good progress towards producing oil from three UK central North Sea assets.
TULLOW Oil said yesterday it had made a significant oil find with its Owo-1 exploration well offshore Ghana.
AN INTERNATIONAL conference which will aid Scotland's low-carbon economy by helping projects, technologies and companies to access finance and funding has been backed by the sector.
THE Mermaid Endurer, a multi-purpose dive support, remotely operated vehicle (ROV) support and light construction vessel, has just arrived at her home port of Aberdeen, where she has been toured by potential customers over the last three days.
