Markets welcome £11bn AAM and Standard Life mega-merger
Markets welcomed news of the £11billion mega-merger that will create an asset management “powerhouse” based in Scotland.
Centrica recruits 50 in upstream business as it seeks to maintain production
Centrica is looking to recruit 50 people in Aberdeen as looks to build a “sustainable” exploration and production (E&P) business in the North Sea and its wider European operations.
North Sea confidence “starting slowly to increase”
Confidence in the oil and gas industry is “starting to slowly increase” although Brexit may keep Scotland’s economic growth rates below-trend, according to a new report.
Young professionals impress OAA judges
Three young professionals have secured a place on the shortlist for the 2017 Offshore Achievement Awards (OAAs), following a rigorous interview process.
Premier to press on despite bondholder dissatisfaction
Premier Oil yesterday hailed support for a plan to restructure a $245million (£199million) tranche of its £2.3billion debt pile that would extend terms for a further five years.
M2 Subsea recruits finance boss
Fledgling remote intervention specialist M2 Subsea has recruited chartered accountant Stuart Bannerman as its chief financial officer.
Oil and gas boss appointed to run UK’s Nuclear Decommissioning Authority
Former North Sea oil boss David Peattie has been appointed the new chief executive of the Nuclear Decommissioning Authority (NDA).
UK Fracking: please don’t let me be “misunderstood”
Fracking for shale gas has become a cause celebre for a range of environmental campaigns in the past five years but Third Energy says the controversial technique is widely misunderstood.
Economic forecasts likely wrong, says Monetary Policy Committee member
A member of the Bank of England’s influential Monetary Policy Committee (MPC) has admitted that economic forecasts are always likely to be wrong.
First Subsea wins £multi-million offshore wind deal
A subsea company owned by North Sea entrepreneur Ian Suttie has won its first major UK renewables contract.
Shell’s Paul Goodfellow to move on after £3billion sale
There’s a handover of the helm underway at Shell’s UK Continental Shelf and Ireland business based out of Aberdeen.
CNR confirms plans to decommission Ninian North
A Canadian oil and gas company has confirmed it will press ahead with plans to decommission a platform on one of the North Sea’s oldest producing fields.
Gender pay gap ‘a live issue’
A well-known north-east entrepreneur has revealed she faced pay discrimination at the start of her career and that the gender gap is “still very much a live issue”.
Devex starts wait list after 300 free places snapped up
An oil and gas conference in Aberdeen has started a waiting list after 300 delegates took organisers up on an offer of a free place.
Aberdeen office demand picks up
An Aberdeen property professional has called the bottom of the market after demand for offices in the Granite city grew strongly in the second half of 2016.
Optimism as airport sees passenger drop slow down
The lowest decline in passenger numbers in nearly two years was hailed as a “fantastic start to the year” by Aberdeen Airport bosses.
North Sea on crest of “third wave of evolution”
North Sea oil and gas is on the crest of a “third wave” in its evolution following a series of major deals worth more than $6billion (£4.8billion), energy professionals have claimed.
Axiom snapped up by NOV
An Aberdeen drilling technology firm has been snapped up by National Oilwell Varco (NOV) for an undisclosed sum.
ABB in UK fraud probe
The UK business of Swiss engineering giant ABB has been roped into an investigation over an international oil bribery scandal after submitting a report to authorities.
Sabre saved by private equity-backed Starn Energy
A collapsed company specialising in breathing systems for oil and gas workers has been rescued out of administration.
Video: First minister unveils £5m decommissioning fund
A £5million decommissioning fund unveiled by First Minister Nicola Sturgeon in Aberdeen yesterday will be targeted at ports looking to cash in on dismantling the topsides of North Sea platforms.
Administrators called in for Aberdeenshire wind turbines
Investors behind two wind turbines in Aberdeenshire have lost out after the companies behind them were put into administration.
North Sea risks recovery at ‘bottom end’ of estimates
The North Sea industry is currently on track to recover only the “bottom end” of its remaining oil and gas reserves despite making some progress on improving its methods of operating.
Fear for future as Peterhead power station put under review
The future of Peterhead’s power station is under threat after SSE announced a review.
Verus banks $150million lending facility
An independent oil and gas firm has raised £120million in a fresh lending package with a South African bank as it completes a deal to buy up North Sea assets