Jeremy Cresswell: Chrysaor, Shell deal shows there’s life in the North Sea yet
A terrific deal!
EnQuest swaps cash for more loans to retail investors
North Sea oil producer EnQuest saw its shares slump more than 6% after it revealed plans to raise an additional £5.4million in loan notes instead of paying its lenders interest in cash next month.
North Sea firms invited to growth funding event
Local politicians have urged north-east companies to attend an event presenting funding opportunities for oil and gas companies set on expansion.
Kirsty Blackman: assisting North Sea firms to achieve growth
During my time as an MP, the oil and gas market has been incredibly challenging for service companies and operators working in the industry. When I was first elected in May 2015 the oil price was around $62 a barrel, then dropped to around $30 before rising back up to $52. The quick and sudden decline from the $100-a-barrel 2014 rates has really dented confidence and I know it has left some companies struggling to find capital finance.
Airbus pledges to rebuild North Sea confidence in Super Puma
The boss of troubled Super Puma maker Airbus has insisted that the helicopter has an important role to play in the future of the North Sea.
Ashtead forecasts improved trading after acquisition boost
Ashtead Technology is forecasting improved trading this year after a “solid” performance in a weakened market in 2016.
Business confidence lowest amongst North Sea bosses, research finds
Confidence amongst senior oil and gas bosses for this year has stopped falling although the North Sea is where optimism is at the lowest ebb, new research has revealed.
Xodus wins contract for new wells in North Sea
Oil giant Apache has awarded a contract to an Aberdeen energy engineering consultancy for two new wells on existing North Sea fields.
Green bank may be floated
A controversial plan to sell off the Green Investment Bank (GIB) to an Australian investor may be scrapped in favour of a £3.8billion stock market flotation, it has been reported.
Greg Clark set to scrap sale of UK’s Green Investment Bank
A controversial plan to sell off the Green Investment Bank (GIB) to an Australian investor may be scrapped in favour of a £3.8billion stock market flotation, it has been reported.
UK government must “front up” on Peterhead CCS
The UK government will have to “front up” to support carbon capture and storage (CCS) as part of its industrial strategy, the Scottish Government has said.
Major subsea test centre planned as part of Scottish Government strategy
Plans to develop a major subsea test and demonstration facility and increase investment in technology were unveiled by Scottish Government in Aberdeen yesterday.
Enpro Subsea aims for “simpler, faster” oil field development
Enpro Subsea is focused on a £1.5million research and development project to deliver “simpler, faster subsea fields”.
Suretank ships out to Antarctica
A North Sea cargo tank firm has manufactured and delivered a fleet of specialised transport containers for deployment in Antarctica.
MDL sends pipelayer to Indian Ocean
A backdeck equipment maker based in Aberdeen and Peterhead has shipped the first of its new pipelay systems to lay umbilicals in the Indian Ocean.
Balmoral wins funding for polymer wave energy project
The polymer division of Balmoral Group has won funding to develop new materials for use in wave energy converters (WECs).
CHC wins offshore wind contract
CHC has won a new contract to provide helicopter transport services for an offshore wind farm development in the German North Sea.
Ace Winches makes further job cuts
Ace Winches has warned up to 30 staff they are at risk of redundancy, including six apprentices.
Award of oil research grant to US billionaires raises questions
Part of a £10million government fund set aside for oil and gas research and development (R&D) projects in Scotland has been handed to a firm led by two American billionaires, it has emerged.
Neil Gordon: There’s life in subsea yet
When looking at oil price trends over the years since the 1920s, it becomes apparent that apart from the cyclical spikes every few years, $100 plus was never going to be the norm. However, we became complacent in that unprecedented period of sustained, high oil price and the thought of living in $50 - $55 oil seemed unthinkable in 2014.
Offshore Achievement Awards shortlist unveiled
Finalists in a prestigious annual awards scheme celebrating the oil and gas industry have been unveiled.
Blaze looking for “phenomenal” year after refusing to cut staff
A Laurencekirk fire safety firm is back on track for growth and adding new staff as it has won millions in new contracts in the renewables and mining industries.
Highland jobs boost for floating wind demonstrator off Dounreay
Two Highland ports are set for job boosts if planning permission is granted for a floating wind energy demonstrator project off Dounreay.
Workers threaten strike action over death of gold-plated pensions
Union leaders representing thousands of nuclear and postal workers across the UK are threatening strike action as employers seek to reduce so called gold-plated final salary pension schemes.
Ecosse Subsea to dredge up profits boost in renewables sector
A major shift by a subsea engineering firm into the renewables sector is expected to deliver a major boost to profits and jobs this year.