Subsea 7 shows off new vessels in Aberdeen
Subsea 7 and Shell welcomed representatives from the oil and gas and north-east civic communities to Aberdeen harbour yesterday for an event showcasing two new vessels.
Valve specialist setting up at Portlethen
GLOBAL valve specialist Severn Glocon Group has announced the launch of Severn Ball Valves at Badentoy Park, Portlethen, near Aberdeen, to provide the oil and gas industry with isolation valves.
Melrose underpinned by core Egyptian output
OIL and gas operator Melrose Resources said yesterday it had delivered a strong set of operating results in 2009 and a record level of production.
Cairn chief cashes in on buoyant shares
Cairn Energy said yesterday that chief executive Sir Bill Gammell had sold just over 720,000 shares in the company for nearly £3million.
Appraisal results raise BG’s hopes for Brazilian assets
BG Group has confirmed high productivity from well tests on the Tupi North-East field in the Santos Basin, offshore Brazil.
Shell and Chinese firm in gas deal
ROYAL Dutch Shell and China National Petroleum have signed a 30-year deal to develop natural gas in China.
Faroe reports find off Norway
FAROE Petroleum, the Aberdeen-based oil and gas company, saw its shares climb 10% to 138p yesterday after it said hydrocarbons had been found in an exploration well on the Fogelberg prospect in Norwegian waters.
Endurance enters service in North Sea
GLOBAL shipping and energy service firm Craig Group officially handed over its latest new-build vessel yesterday to Chevron and Britannia Operator.
Cairn upgrades Rajasthan reserves
Scotland's biggest oil company saw its shares soar 8% to 408.9p and its market value grow to £5.714billion yesterday after it raised its estimate of reserves in Rajasthan and sounded an upbeat note on prospects offshore Greenland.
Setting global standards for the energy industry
Opito - the Oil and Gas Academy has announced a major restructuring under which it will continue its skills agenda in the UK but also deliver standards to improve workforce safety and competency worldwide.
Egdon says EnCore licence assets a good fit with portfolio
EGDON Resources, said yesterday it had agreed to acquire EnCore Oil's stakes in nine onshore UK licences, two onshore French licences and a 10% interest in the Venture Production-operated Ceres gas field in the southern North Sea.
Chevron service deal for Cosalt Offshore
COSALT Offshore is to supply lifeboat inspection and maintenance services to oil and gas operator Chevron in the North Sea under a five-year agreement.
New focus for alternative-energy drive
XODUS Group, the Aberdeen-based energy consultant, has announced the appointment of Liz Foubister as alternative-energy director.
Serica gets back in the black
OIL and gas company Serica Energy said yesterday that 2009 had been a good year for it against a very difficult economic background.
Chevron deal to benefit GE’s Aberdeen unit
GE Oil and Gas in Aberdeen is to benefit from a "significant share" in a £733million contract the company has been awarded by Chevron to supply power-generation and subsea equipment to the giant Greater Gorgon gas project off the west coast of Australia.
Endeavour to review options in North Sea
Endeavour International said yesterday it was to review strategic alternatives for its North Sea assets.
Liz drilling boosts shares in Falklands-focused oil minnows
Shares in UK oil minnows Desire Petroleum, Rockhopper Exploration and Falklands Oil and Gas were on the rise yesterday on speculation Desire could announce an oil discovery in the south Atlantic as early as the end of this week.
ITF kicking off world tour in Holland
ABERDEEN-BASED Industry Technology Facilitator (ITF) is hosting two technology challenge workshops in Amsterdam this week.
Tullow looking to accelerate Uganda projects
Oil and gas operator Tullow Oil said yesterday that in Uganda it was working closely with the government and two potential new partners to accelerate development of three blocks with a discovered resource base of more than 800million barrels of oil.
Boss taking Maxoil to the next level
Bosses of Maxoil Solutions see major opportunities around the world for the fast-growing oil and gas consultancy.
Projects underpinning Petrofac growth
Petrofac, the international provider of facility services to the oil and gas production and processing industry, expressed confidence in its outlook yesterday.
Success in Texas for UK subsea companies
Subsea UK members are optimistic after a successful exhibition and conference in Texas at which industry experts and analysts agreed that the forecasts for the rest of 2010 and 2011 showed a definite return to market confidence.
Petrofac to report positive results
PETROFAC, the global oil and gas engineering and facility-management group, reports its annual results on Monday with revenue expected to be about £2.31billion and pre-tax profits £260-£270million.
Petrofac to spin off North Sea assets
Petrofac has announced plans for the widely expected demerger of its North Sea oil and gas assets to a new company which could be valued at about £1billion.
Orkney test centre growing workforce
An Orkney test centre is expanding its workforce to meet demand from companies developing machines that harness energy from the sea.