Nominations now open for 2010 Oil & Gas UK Awards
THE search is on for nominations for the Oil & Gas UK Awards, sponsored by Shell UK, which celebrate the people and businesses making an exceptional contribution to the oil and gas industry.
Underwater Centre dives into European market
THE Fort William-based Underwater Centre is underlining its commitment to further internationalisation with the delivery of a series of diving courses to staff from a leading Italian diving and marine contractor.
Growth expected to flow from deal
Dutch company Paradigm Group has announced the acquisition of Aberdeen energy service firm WellMack Resources for an undisclosed seven-figure sum.
Rockhopper shares jump after discovery upgraded
Rockhopper Exploration saw its shares soar yesterday after it upgraded its estimates for its Sea Lion oil find and said there was a possibility of further upgrades.
Oil group agrees £375m deal for non-core assets
Noble Energy says it has agreed to sell some non-core assets in America for about £375million, without revealing who the buyer will be.
Costs eat into offshore caterer Trinity’s profits
Scottish offshore caterer Trinity International Services saw its pre-tax profits fall to £178,962 in the year to last August from £658,461 the previous year.
Valiant shares surge on Tybalt oil find
VALIANT Petroleum saw its shares climb yesterday after it said a sidetrack on its operated Tybalt exploration well had found oil and it believed currently discovered volume to be commercial.
Energy sector networking and awareness event
KEY figures from the UK's oil sector will converge on Invergordon next month to discuss ways to strengthen the industry's links between Aberdeen and the Highlands.
Work starts on new Hallin HQ at Westhill
OIL and gas industry subsea contractor Hallin Marine has begun work on new £3million premises for its western division headquarters which will house 180 staff.
Shell investors reject challenge to oilsand plans
ROYAL Dutch Shell said yesterday that investors holding more than 94% of its shares voted against a resolution challenging its multibillion-pound investments in Canadian oilsand projects.
Dana hails success of 2010 drilling campaign
Dana Petroleum said yesterday that since the start of the year it had completed drilling six exploration prospects which had resulted in three discoveries.
North groups to make case at show
PRIVATE and public-sector organisations in the Highlands and islands are to make their case to be rated one of the most successful energy industry hubs in the world at the All-Energy conference and exhibition in Aberdeen next week.
Petrofac boss hails group’s strong progress
Petrofac said yesterday it had made a good start to 2010 and was confident this would be another year of strong growth.
AMEC reveals record orders of £3.55bn in pipeline
AMEC said yesterday it had a record order book of £3.55billion as at April 30 as it reported that year-to-date trading was in line with expectations.
Plexus opens new building at Dyce HQ
OIL and gas service business Plexus Holdings, owner of the proprietary POS-GRIP method of wellhead engineering, officially opened its new assembly and testing building at its HQ in Aberdeen yesterday.
RWS changes hands in £18.5m deal
A Norwegian consortium has invested £18.5million to acquire Aberdeen-based oil and gas downhole technology specialist Read Well Services (RWS).
Latest ETS proposals ‘like extra tax on UK energy production’
Proposals for the latest phase of the European emissions trading scheme (ETS) would mean costs similar to an extra tax on UK oil and gas production.
Valiant finds oil on prospect north-east of Shetland
Valiant Petroleum revealed yesterday that its Tybalt exploration well north-east of Shetland had found oil.
Shares in Falklands explorers soar after oil discovery
UK oil companies Rockhopper Exploration and Desire Petroleum saw their shares soar yesterday after Rockhopper revealed an oil discovery in the Falklands.
‘Resilient’ performance pleases PSN
PSN, the Aberdeen-based global energy service company, said yesterday it had shown strong resilience in adverse and uncertain economic circumstances and in a low-oil-price environment during 2009.
Talisman’s UK production dips in first quarter
Talisman Energy said yesterday its average production from UK waters dipped to 86,000 barrels of oil equivalent per day (boepd) in the first quarter.
Pioneering Sigma secures a further £4m from investors
Sigma Offshore, which has developed a pioneering mooring and fluid-transfer system for oil and gas production vessels, has secured funding totalling £4million.
Bosses to reveal their company strategies
LEADERS of two significant oil and gas companies emerging from periods of transition will reveal what Oil and Gas UK's latest activity forecasts mean for their businesses at a breakfast briefing on Wednesday, May 26 at the Beach Ballroom, Aberdeen.
Duo’s ambitious plans for Nexus
Aberdeen businessmen John "Tiny" Langler and Graham Birnie have acquired most of the business in the UK and overseas of Aberdeen-based oil and gas service company Nexus Assurance, and announced ambitious growth plans.
Sir Ian warns of missing the new energies boat
Sir Ian Wood said yesterday that besides maximising recovery of North Sea reserves and taking advantage of international oil and gas opportunities, the north-east must begin to stake its claim in the new energy industries.