A dramatic cull of top directors at Dana Petroleum continues as a new acting chief executive has taken over the running of the Korean-owned firm, leading to fears it is in “meltdown” according to sources inside the company.
Cairn Energy today assured investors it has enough money to continue its exploration and development programmes in the North Sea and elsewhere despite an ongoing dispute with the Government of India over tax.
One of the largest untapped North Sea fields is on track for first oil in 2018 and is expected to produce for 20 to 30 years, its developers have claimed.
Trade body Oil & Gas UK has extended the deadline for nominations for its annual awards by one week to allow entrants more time to share their stories.
Oil pioneer Algy Cluff has won three further licences to exploit “clean coal” under the south North Sea and the north-west of England.
A company which specialises in keeping subsea pipes unblocked has more than trebled profits as turnover nearly doubled in its last financial year.
Centrica Energy has extended its contract with Aberdeen consultancy ADIL to the end of the year.
The former head of BG Group is heading east to take up a new job chairing a major gas project in Papua New Guinea.
More than half of Britons think the UK should go ahead with controversial plans to “frack” for onshore oil and gas, a new survey has found.
OIL companies may have to charter boats or hire bigger helicopters to accommodate overweight workers following a landmark European legal move.
A landmark legal bid to have obese people officially classed as disabled could have “widespread and expensive” consequences for businesses, a leading Scottish law firm has warned.
Glasgow organisers have predicted a key renewable energy conference will start to grow attendance numbers again after relocating from its home in Aberdeen.
Anthony Onukwu enjoyed being a member of the Society of Petroleum Engineers (SPE) so much he decided to become chairman of the group’s Aberdeen chapter.
Former military personnel are key to filling the oil and gas skills gap, an industry boss has said.
The owners of Aberdeen Airport have said the air base will be sold by the end of the year after confirming it was in talks to sell it along with Glasgow and Southampton.
Spanish energy firm Repsol confirmed it was in talks over potential “transactions” with Talisman yesterday as analysts said it could be looking at buying assets rather than the whole company.
Engineering and defence giant Babcock International has paid back more than £140million of debt after it bought the owner of Bond Aviation this year.
A new helicopter model is set to start flying in the North Sea in weeks after getting the green light from the UK Civil Aviation Authority (CAA).
North-east hydraulics firm has doubled its turnover in two years after winning work with major oil and gas players, including Subsea 7, Aker Solutions, Oceaneering and Archer Drilling.
Exploration in the North Sea has continued to plummet due to ever spiralling costs and firms taking a “wait and see” approach to new regulation and taxes, new research has found.
Africa-focused explorer Tullow Oil has pledged to fight a £238million tax bill after losing a tribunal in Uganda.
An Aberdeen firm specialising in the nascent light well intervention sector of the subsea technology market has been singled out by experts for its innovation.
Oil and gas consultancy ADIL has won contracts worth over £3million in the first six months of the year across its Aberdeen and London operations. The firm reported a 50% rise in revenue to £31million in 2013, and said it was on track to meet “reasonable” growth targets this year.
Private equity giant KKR has bought a majority stake of the Aberdeen offshore container manufacturer OEG Offshore Group in a £100million deal.
The Department of Energy & Climate Change (Decc) has revised down its estimates for the amount of oil and gas there is left to recover in the North Sea by between 1billion to 3billion barrels.
