Balmoral vows to fight competition watchdog fine
Balmoral Group has vowed to launch an appeal after it was slapped with a £130,000 fine by the competition watchdog.
Aberdeen harbour sanctions £350m investment on Nigg Bay expansion
Aberdeen is set for a £350million investment bonanza after the city’s harbour board decided to press ahead with its expansion into Nigg Bay.
Exclusive: Tax hike shock to ‘put North Sea firms at risk’
Businesses in the north-east are facing a "catastrophic" multi-million pound tax bombshell as a new framework for property rates comes into force.
Skills fund “not enough” oil boss warns
North-east employers have criticised the Scottish Government plans for a £10million skills fund.
“Robust” CNR reveals North Sea drilling plans
North Sea oil and gas firm Canadian Natural Resources (CNR) will boost its drilling programme in the basin after stating it was “is now a more robust and sustainable company”.
Exceed targets more former ADTI staff
Aberdeen well management firm Exceed aims to hire a quarter of the workforce of failed rival Applied Drilling Technology International (ADTI) as it expands its global footprint.
Read Cased Hole snapped up by new investor
An Aberdeen-based well integrity evaluation company has changed hands in a private equity-backed buy out.
Video: Engie hails first gas at Cygnus field in North Sea
A £1.3billion North Sea field has delivered “first gas” in what has been described as a significant boost to UK energy security.
Engie’s Ruud Zoon on Cygnus
Engie’s flagship North Sea gas field, Cygnus is thought to be the largest gas find in the southern North Sea for 25 years.
Oil and gas exploration to return to profitability next year, Woodmac says
Smarter choices and cost cutting will see oil and gas companies’ exploration efforts worldwide returning to profitability in 2017, a new report has claimed.
Levy risks driving apprenticeships out of Scotland
An oil and gas skills organisation has warned employers may shift apprenticeship training to England after the Scottish Government revealed it would not ring-fence funds allocated via the new UK-wide Apprenticeship Levy.
Martin Gilbert: Lack of investment set to “haunt” oil and gas
The head of one of Europe’s largest independent fund managers has warned that failure of oil and gas companies to invest during the downturn “will come back to haunt” them.
Super Puma maker “regrets” permanent ban by Statoil
Statoil's permanent ban of Super Puma helicopters has come as a blow to Airbus which said it "regrets" the move.
Ineos officially opens UK HQ
Billionaire industrialist Jim Ratcliffe has made good on a promise to make his firm Ineos tax resident in the UK.
Shell CFO sells £1million in shares
Shell’s chief financial officer Simon Henry has sold shares in the oil major worth £1million.
“More work” on collaboration needed – Oil and Gas UK
A key behaviour change in the oil and gas industry that it is hoped will underpin the future fortunes of the North Sea has so far proved easier said that done, a report has found.
Aberdeen still set to face thousands of job losses
Aberdeen is set to face thousands more job losses in the coming years while Inverness is on track for employment growth, a new report has found.
Shell in talks to sell gas field offshore Ireland
Shell is reported to be in talks to sells its stake in an Irish gas field to an Australian infrastructure fund.
Dealmakers set sights on nascent North Sea recovery
Aberdeen dealmakers are expecting an upturn in mergers and acquisitions amongst North Sea companies as they emerge from “survival mode” and look for new opportunities.
Trump ‘will make US feel good’, says AAM’s Martin Gilbert
President-elect Donald Trump will “make America feel good again” – and deliver a boost to global markets – as he presses ahead with plans for a spending spree in the US, a leading asset manager has said.
BP takes stake in “super-giant” Egyptian gas field
BP has revealed it will splash out $375million (£300million) for a stake in a vast gas field in Egypt.
£2billion R&D support welcomed by Aberdeen Oil & Gas Technology Centre
The UK government’s pledge to fund research and development confirmed in the Autumn statement was welcomed as a boost to the North Sea’s hopes of becoming a leader in global innovation.
Treasury has further to go to support oil and gas
Scotland’s oil and gas industry kept a stiff upper lip after UK Chancellor Phillip Hammond’s first Autumn Statement failed to deliver further support for the North Sea as it faces record low exploration, sluggish investment and tens of thousands of job cuts.
Babcock results rise above Super Puma grounding
The grounding of Super Puma helicopters in the wake of a fatal crash off the coast of Norway slowed revenue growth at North Sea helicopter operator Babcock International, although new contracts wins offset this.
Scottish oil and gas employers call for clarity on £220million levy
Oil and gas business leaders have demanded to know how the Scottish Government plans to spend the £220million a year that will start to be collected from large employers next year.