Saudi firm takes over Aberdeen-based subsea company
An Aberdeen-based subsea services company has been snapped up by investors including the Saudi-based investment bank of ten Arab countries.
Rovop makes loss after after Ceona collapse
An Aberdeen-based remote operated vehicle (ROV) specialist has booked a £3.8million hit to its bottom line after its major customer Ceona went into administration last year.
Norwegian freight firm shuts Aberdeen offices
A Norwegian freight firm has shut its offices in Aberdeen and established a partnership with another firm to run the services previously offered.
Shetland Facilities Management wins £10m BP contract
An independent facilities manager on Shetland has won a three year contact from oil major BP thought to be worth £10million.
Blowing in the wind: Brexit storm for renewables
The UK’s renewable energy industry could be harmed by Brexit with the loss of incentives to develop a low-carbon economy, legal experts have warned.
Hydro energy developer pledges to minimise impact of work in Scottish glen
A hydro energy developer has pledged to minimise the impact of work being undertaken in what many have called one the most beautiful glen in Scotland.
Geothermal well could heat AECC and homes
A pipe stretching nearly 1.2miles into the ground could deliver heating from the earth to the new Aberdeen Exhibition and Conference Centre (AECC) and nearby homes, a report has found.
Another 88 jobs for the cut at Sullom Voe
Up to a quarter of workers at BP’s Sullom Voe oil terminal have been told they are to be made redundant.
£10billion Schlumberger Cameron deal clears final hurdle
Schlumberger’s £10billion-plus deal to buy Cameron International in the second-biggest tie-up taking place in the global energy services sector has cleared its final hurdle.
Global renewables investment outstrips coal and gas
Coal and gas-fired electricity generation attracted less than half the record investment made in solar, wind and other renewables capacity last year, a report has found.
Aberdeen-Houston Gateway hailed a “resounding success”
Organisers of an event celebrating the business links between the north-east and Houston hailed it as a “resounding success”.
Karen Bell: Creating exchange links in US oil capital
Texas. It is the biggest state in the US – other than Alaska – and now home to Karen Bell, the British consul general there since June. Actually her domain also sprawls over Oklahoma, Louisiana, Arkansas and New Mexico. Her role, which takes in developing US/UK trade relations, makes her the de facto oil and gas diplomat for the UK.
Scots enterprise areas fall short of expectation
The effectiveness of strategically designated areas with incentives to attract certain types of businesses have fallen short of expectation, a new report has found.
Offshore Europe appoints Schlumberger president as conference chair
Organisers of Europe’s largest biennial oil and gas industry event have appointed a new conference chair for SPE Offshore Europe 2017 in Aberdeen.
Tony Hayward in talks to launch oil distress fund
Former BP boss Tony Hayward is in talks with investors to launch a new fund aimed at buying up distressed oil and gas assets.
Chinese oil company opens Scottish base, creates 10 jobs
A Chinese oil and gas research company has opened a Scottish base in Edinburgh.
Nexen offshore staff undergo skills review
An oil major has won approval for a workforce competency management system from an industry skills organisation.
EnQuest shares rise 25% as it pushes ahead with Kraken
EnQuest saw its shares rise almost 25% yesterday after it confirmed it had sufficient funding to complete its major North Sea Kraken development and it has successfully shaved costs from operations.
Professor Kemp hails PRT abolishment a “great relief”
Petroleum economist Professor Alex Kemp welcomed chancellor Osborne’s tax package for the oil and gas industry as it will boost producers in the region.
Budget 2016: North Sea tax cut “disappointing”
The fresh measures introduced by the UK Government to help support the North Sea oil and gas industry have been described as "disappointing".
Cairn Energy pushes ahead with projects ahead of schedule and under budget
Two of the largest ongoing development projects in the UK North Sea are under budget and ahead of schedule, one of its shareholders confirmed yesterday.
Sparrow in pipe lay first
Sparrows Group has partnered with an Aberdeen-based engineering and manufacturing firm to offer the first fully electric-drive flexible cable and pipe lay system for rent.
Maersk awards multi-million pound Flyndre contract
Danish oil firm Maersk has awarded a multi-million pound contract for a dive support campaign as it presses ahead with the development of the Flyndre field.
Annual Aberdeen-Houston Gateway unveils line-up
The popular annual Aberdeen-Houston Gateway event has announced this year’s line-up of speakers and contributors from both sides of the Atlantic.
Prosafe hands out $1million offshore living contract
Accommodation vessel group Prosafe has awarded an Aberdeen-based firm a £1million contract to provide temporary offshore living quarters.