Energy sector service company the Global Energy Group (GEG) yesterday unveiled its acquisition of another Australian business for an undisclosed sum and pledged to buy another in coming months.
Sales and mergers among companies trading North Sea assets are expected to remain frothy this year as dealmakers confirm lack of funding is no longer acting as a “significant” barrier, a survey has found.
Employees at Prospector Offshore were celebrating last night after its £122.3million jack-up rig arrived safely at the Cromarty Firth after an arduous 5,000-mile journey.
Independent subsea engineering and training company Jee yesterday celebrated moving into bigger offices that will allow the firm to double to size of its Aberdeen workforce.
Highland electrical distributor MacLean Electrical Group said it expects a record increase in turnover in the next 12 months after project delays hit profits in its most recent financial year.
It's a jet set life for Senergy co-founder and chief executive James McCallum.
A landmark agreement to reduce sanctions on Iran boosted shares but saw the price of oil falter as fears emerged the Middle Eastern country would ramp up its exports.
Subsea inspection, repair and maintenance company Harkand has increased its presence in the Asia Pacific region by securing a clutch of multimillion-pound contracts.
National Grid has added fuel to the fire of customer anger after revealing an increase in charges to use its gas and electricity networks that have boosted its profits.
The ABB centre is breathing new life into North Sea assets, finds Erikka Askeland
Omega Completion Technology has promoted John Donachie to the role of managing director as the company plans to boost the number of people it employs by a third.
Serica Energy raised £12.1million in a share issue yesterday to help fund drilling operations in the UK and Morocco.
Stork Technical Services has named the newest member of its fleet after a whisky distillery to celebrate its latest £2million investment.
Kazakhstan's giant Kashagan oilfield will not be able to restart production before the end of 2013, it emerged last night last night.
Energy services firm Senergy has joined a consortium that will help emerging nations improve their oil and gas and renewables industries.
Businesses have only four weeks to enter the Offshore Achievement awards.
Abu Dhabi oil giant Taqa has agreed to sell its stake in a Dutch natural gas pipeline for £150million, the state-owned Gulf firm said.
The four founders of a three dimensional visualisation firm are on track to pocket a £4.6million payout next year after its owners confirmed it was on target to hit profit targets.
A project to develop a small hydro-electric scheme on Mull has launched an appeal to raise £1million.
Offshore wind capacity has grown by a record 79% in the last 12 months, outstripping the expansion of onshore windfarms for the first time, a new report has shown.
The boss of energy giant Centrica astonished attendees at a business conference yesterday as he announced he would waive his annual bonus worth up to £1.7million due to anger over rising energy prices.
The chairman of Scrabster Harbour has retired from the role as the trust behind the UK’s northernmost mainland port presses ahead with expansion.
Singer-songwriter Emeli Sande was honoured last night at a prestigious ceremony in Aberdeen.
