HPHT operators call for Treasury tax breaks
Operators drilling difficult high-pressure, high-temperature oil fields in the North Sea are pushing the Treasury to improve a tax break to make production more affordable.
Expro chief financial officer says North Sea packed with opportunity
Well services giant Expro International hailed record sales growth as deep water activity - particularly in Asia - narrowed the firm’s bottom line losses.
Cable deal a “game changer” for Kintore company
Cable Solutions Worldwide hailed a multi-million pound deal with Aker Solutions and Kvaerner as a “game changer” for the firm’s fortunes.
Cluff sitting on a vast gas resource
North Sea pioneer Algy Cluff’s coal gasification business is well placed to set to help secure UK energy supply, a report has claimed. Cluff Natural Resources, which owns a number of near-shore licensed fields where coal can used to produce “syngas”, is estimated to be sitting on a potential 3 trillion cubic feet of natural gas on a conservative conversion, analysts at brokers Panmure Gordon said
ATR bigs up in Foveran
Aberdeen-based ATR Group has invested £1million in new equipment and almost doubled its workshop facility to meet a growing demand from the subsea sector.
Shell charter boost for Atlantic Offshore
Shell UK has chartered a new Class A tanker from standby vessel operator Atlantic Offshore Rescue to support operations in the Gannet, Annasuria and the Dana Petroleum Triton Asset in the central North Sea.
Industry welcomes watchdog report on extending life of North Sea assets
Oil & Gas UK last night welcomed a report by the Health and Safety Executive (HSE) on extending the use of North Sea assets that have exceeded their design life but are still in use.
Industry targeting women engineers
The perception that engineering is a male-dominated trade is putting women off entering lucrative careers in the oil and gas industry.
Mol unveils plans to spend billions on oil and gas acquisitions
Hungarian oil firm Mol Group celebrated its arrival as the first major new player in the North Sea in the last year at an event in Aberdeen yesterday.
Eneco opens Lochluichart wind farm
The brother of London Mayor Boris Johnson made a rare foray into the Highlands to welcome the official opening of a windfarm outside Garve in Ross-shire.
Chevron first in line to do deal with Pemex
Chevron has become the first major international oil producer to do business with Mexico's state oil firm Pemex since the country passed landmark legislation to reopen doors to foreign producers.
Aker injects £400,000 into Stromness water testing firm
Oil services firm Aker Solutions is injecting £420,000 into its newly acquired environmental business on Orkney.
Geoff Holmes makes sudden departure from Talisman Sinopec
North Sea oil giant Talisman Sinopec has shocked the North Sea oil community by announcing the sudden departure of its UK chief executive, Geoff Holmes.
£12million…not bad for 100 days work
Engineering and project management provider Costain Upstream has said it has secured £12million of contracts since its launch in February.
Petrofac FPSO delay hits Ithaca’s plan for Stella
Independent oil and gas explorer Ithaca Energy saw its share price plummet 11% on Friday after its development partner said delay in delivering a production vessel would hit its key North Sea field.
Talisman chief given vote of confidence
Talisman energy boss Harold Kvisle has received a resounding vote of support at the company’s annual general meeting.
Former Xodus Group founder to lead new decommissioning firm
Five oil and gas industry veterans have joined forces in a new business aimed at catching the incoming tide of North Sea decommissioning projects. Former Xodus Group co-founder Richard Heard will lead Strategic Decommissioning Consultants, which launched this week.
Service companies set to follow Wood Group PSN’s lead for rate cuts
Oil services companies in Aberdeen are set to follow the lead of Wood Group PSN, which announced plans to slash rates it pays to contractors 10% in an effort to cut spiralling costs.
Devex conference opens today
The eleventh DEVEX Conference focusing on major reservoir development opens today at the Aberdeen Exhibition and Conference Centre (AECC).
Record overseas sales by Scots oil and gas supply chain firms
Total international sales from Scotland’s oil and gas supply chain companies have hit record levels, new figures show. The value of overseas sales for the sector hit £10billion in 2013, an increase of 22% over the previous year, according to an annual study by economic development agency Scottish Enterprise.
Cairn facing up to departures
Eyes are on Scottish oil and gas group Cairn Energy as it faces the departure of two top executives, as well as chairman and founder Sir Bill Gammell.
Scots oil and gas firms more international in outlook
Scottish firms in the oil and gas supply chain are internationalising at a rapid pace - even more so than their counterparts in the rest of the UK, according to a recent survey.
Scotland well represented at world’s top energy show in Houston
Scotland is well represented once again at the world's top energy show, which kicks off in the US on Monday.
They do it bigger in Houston
The first week of May in the largest city in Texas means one thing for Edward Stokes.
Advantec wins Nexen development contract
Subsea Controls firm Advantec Aberdeen has won a multimillion-pound contract from Nexen for work on its Golden Eagle Area Development project.