Laidlaw “not interested” in BG job
Centrica boss Sam Laidlaw has ruled himself out of the running to take the top job at the troubled oil and gas explorer, BG Group.
Grangemouth owner in row over “bullying”
Union chiefs say accusations of bullying from Grangemouth refinery owner Jim Ratcliffe are “surprising and provocative”.
Faroe Petroleum raises £65million
Faroe Petroleum raised more than expected after investors ploughed into a share placing yesterday.
Talisman Energy considers selling its “jewel in the crown”
Embattled Talisman Energy is considering a whole or partial sale of its “jewel in the crown” Asia assets as it faces pressure from investors to reduce debt.
More tax breaks for UK oil and gas on the way
Chief secretary to the Treasury Danny Alexander has said the government is set to introduce more tax breaks for the oil industry to stimulate North Sea investment. Speaking at the Oil & Gas UK conference in Aberdeen on Thursday, Mr Alexander said the Treasury was aiming to introduce a “lighter tax regime”, particularly after executives at Premier Oil acknowledged the government's small field allowance as easing the way for its 100 million barrel Catcher development.
Helicopter operators to fund new international trade body for safety
Helicopter companies including the three main North Sea operators - Bond owners Avincis Group, Bristow Group and CHC - are joining forces to form a new international trade body for the offshore aviation transport sector.
Industry improving air accident response
Helicopter operators are preparing for further events that could ground the North Sea’s oil and gas industry’s main transport fleet, a conference heard yesterday.
Faroe taps institutions for £45million
Independent explorer Faroe Petroleum has launched a plan to raise £45million to fund exploration.
£500million BP plant gets green light from Shetland
Plans for a huge £500million gas “sweetening” plant as part of energy giant BP’s renewal of the Sullom Voe Oil terminal in Shetland have been approved by councillors.
Proserv to attract new talent into the industry
Energy technology service firm Proserv is to add to its 2,200-strong global workforce after two north-east events aimed at attracting new talent into the industry.
NVM private equity backs £5.5million Arnlea MBO
Allan Merritt has led a £5.5million management buyout (MBO) of North Sea asset manager, Arnlea Systems which is expected to create 30 jobs.
Maxoil appoints senior adviser
Aberdeen oil and gas consultancy Maxoil Solutions has a new corporate strategy adviser to drive its growth.
Trinity International takes a financial hit
Offshore catering group Trinity International was hit by clients tightening their belts, affecting turnover and profits in its most recent financial year.
Sentinel’s multi-million ERRV deal for Cygnus
French energy giant GDF Suez has handed out a five year, multi-million pound contract to Sentinel Marine to provide an Emergency Response & Rescue Vessel (ERRV) to support drilling operations in the Southern North Sea.
Alan Curran takes top role at Bridge
Alan Curran has become the new chief executive of Bridge Energy and will oversee a £300million UK offshore spending spree. Mr Curran, who was formerly the chief oper
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.