Oilfield engineering service group Aker Solutions said yesterday issues at its Brazilian manufacturing plant and lack of oil industry resources in the country had contributed towards expected costs of £44.5million-£55.6million.
Ithaca Energy said today work on its £180million Athena project was on track for first oil by the end of the year.
Falklands oil and gas explorer Rockhopper has raised its estimate of how much oil it has in its Sea Lion discovery, despite its latest well being dry.
ENGINEERING service company Wood Group Kenny (WGK) has been picked to help the National Grid design a demonstration carbon dioxide storage project under the southern North Sea.
The UK North Sea oil and gas industry has the potential to continue for several decades and its supply chain for even longer, according to a new report.
ABERDEEN-BASED oil explorer Xcite Energy saw its shares rise almost 10% last night after announcing new cash funding.
THERE are opportunities in recessions, a boss of Premier Oil told business leaders in Aberdeen last night.
Tata Steel said today it is to invest £2million in its Hartlepool tube works and has forged a supply deal with a German manufacturer in a bid to meet demand in the offshore wind turbine jacket market.
An Orkney-based environmental consultant is hoping to expand its overseas work on the back of Scotland's lead in marine renewables.
ABERDEEN-BASED international drilling contractor KCA Deutag has won a three-year multimillion-pound contract with operator Taqa Bratani.
GROWTH capital investor Lime Rock Partners believes the oil and gas sector in Europe has a secure future and it will continue to look for growth and technology investments.
Aberdeen-based engineering consultant Xodus Group made pre-tax profits of just over £5million last year, a big jump on the previous year's £1.1million.
A FUEL company boss was jostled and jeered yesterday as protesters tried to stop him entering council offices where he was due to explain the sky-high fuel prices in the Western Isles.
US oil giant ConocoPhillips has announced who will lead the two new companies the firm is to split into by spinning off its refining and marketing operations.
SCOTTISH Power owner Iberdrola is in negotiations with the UK Government over funding for its £1.2billion carbon-capture storage project at Longannet, it was reported today.
Tullow Oil's west African subsidiary has picked Norwegian drilling contractor Seadrill for a one-year contract for operations offshore Ghana starting from April 2012.
Business leaders from across the north-east will be gathering on Monday for Robert Gordon University's 2011 entrepreneurship dinner.
NORTH-EAST subsea service firm Hallin Marine hopes to create up to 40 jobs by the year-end as part of a growth strategy and after winning a major contract off Africa.
Oil and gas explorer Providence Resources today trebled its estimate of potential has resources at its Dragon prospect in south east of Ireland.
More younger people are working offshore in the oil and gas sector but skills retention in the industry remains a challenge, according to a report released today.
ENERGY industry leaders are to gather to explore the challenges of subsea pipeline integrity at a one-day event.
A £1.2million training initiative has been set up to tackle skills shortages in the renewables industry.
A delegation of potential multi-million pound investors and wind farm equipment manufacturers from China have been eyeing prospects in Essex.
A specialist electrical services company has opened a new headquarters in Great Yarmouth to cope with increased demand and to chase opportunities in the onshore and offshore energy sectors.
Norwegian oil giant Statoil has said a well on its Aldous Major North prospect has "limited reservoir quality".
