Rentair takes over at ATR Power Solutions
A division of oil and gas firm ATR has moved to a new location following its merger with rival Centurion group earlier this year.
Peterson “robust” despite slump in charter revenues
Energy logistics firm Peterson Offshore Group has hailed its “robust” performance and rising number of employees in Aberdeen last year despite slump in turnover and profits.
Ecosse to build £3million carousel for offshore wind cables
An Aberdeen subsea engineering firm has won a £3million contract to design and build a 1,500-ton carousel for use in the offshore wind industry.
Xcite agreed bonds deal
Xcite Energy enjoyed a small share price recovery after it agreed a deal with owners of its £100million debt pile.
Aberdeen firms collapse as oil price turmoil continues
Two north-east firms reliant on income from the oil and gas industry have collapsed with the loss of 37 jobs.
Sir Ian Wood: don’t be complacent as oil price recovers
Oil and gas billionaire Sir Ian Wood said the north-east has "woken up" to the challenge of transforming the region's economy.
World first decom degree launches in Aberdeen
The UK’s first masters degree in decommissioning oil rigs and platforms has been launched by the University of Aberdeen in partnership with Robert Gordon University (RGU).
Vattenfall buys “most powerful turbines” for controversial Aberdeen wind farm
Vattenfall has placed an order for 11 of the world’s most powerful wind turbines for the controversial European Offshore Wind Deployment Centre (EOWDC) to be located offshore Aberdeen.
BP boss reveals North Sea investment and exploration plans
The boss of North Sea giant BP yesterday pledged to continue investment and exploration in the region but warned that “the worse may not be behind us yet”.
Union calls for urgent action to save North Sea jobs
A Scottish trade union called for “urgent government action” to protect jobs in the North Sea in the wake of a report which revealed plummeting investment in the region.
Flagging investment risks leaving 1 billion barrels of oil beneath North Sea
Up to a billion barrels of North Sea oil are at risk of being left in the ground as the downturn makes undeveloped fields “unviable”, a new report has revealed.
Cash hemorrhage risks further North Sea job cuts
North Sea operators have been have been losing money for the past four years - since before the oil price crash, according to the annual economic report for 2016 by trade body Oil and Gas UK (OGUK).
Oil and Gas UK looks for relief on decommissioning tax
Investment in the North Sea could be boosted if “constructive work” on decommissioning tax relief is aimed at enabling the sale of older assets to take place.
North Sea: facts and figures
Some highlights of the Oil and Gas UK Economic Report 2016:
Opinion: Still significant challenges for the North Sea
With oil prices continuing to hover below $50 a barrel, the release today of Oil & Gas UK’s 2016 Economic Report, has served to remind us of the significant challenges currently facing the UK North Sea.
North-east firms boosted by “cosmopolitanism” of oil sector, but more diversity needed
Increasing the diversity of workplaces in the north-east will be top of the agenda at a conference coming up next month.
Oil tycoon urges Aberdeen to “stay awake” to maintain economic strengths
Aberdeen has scored above average on a number of economic indicators relative to Europe and has the highest productivity of any city in Scotland, a new report has found.
Enter now to win table for 10 at Energy Ball 2016
Ten lucky people have the chance win a free seat at the table at best night of the year in the north-east region.
Junior market aims for reluctant Scottish firms
Scotland is lagging behind the rest of the UK in the number of companies represented on the Alternative Investment Market (AIM) it was claimed at an event yesterday.
Spex narrows losses in restructuring move
An Aberdeen oil and gas technology firm has completed a restructuring after reporting reduced losses last year.
Chinese firms consider acquisition of National Grid network
Chinese firms are eyeing a deal to snap up a stake in a UK gas distribution network as the Government gives final approval for the £18billion China-backed Hinkley nuclear project.
Technip UK warns 2017 will be “the most difficult year”
French oil services giant Technip’s UK business has warned 2017 will be “the most difficult year” despite expecting North Sea projects to come back on the market.
Arria technology to deliver early warning of earthquake disasters
A company that started as a spin-out from Aberdeen University has signed a deal that will see its technology used to predict the deadliest of all natural disasters.
Xcite Energy shares collapse as investors facing a wipeout
Shares in Xcite Energy plunged almost 70% last night after the firm warned a planned restructuring would see shareholders’ stakes nearly wiped out.
Glimmer of hope for end of north-east redundancies
A trend for for job cuts which has seen thousands of oil and gas workers across the north-east being made redundant is tapering off, new figures have shown.