Spex eyes international growth with new cash
An investment fund backed by five major UK banks has taken a £5million stake in fast-growing oil and gas services company, Spex Group.
Maersk stays positive despite plummeting profits
Profits at Maersk Oil plummeted 58% last year as the Danish-owned group was hit by lower production and oil prices.
Apache looking to sell Kitimat LNG stakes to save costs
Apache Corporation has announced plans to sell of part of its stake in a natural gas export terminal in Canada in an effort to cut costs of the project.
Senergy to cut jobs as it moves to meet changes in market
Energy services firm Senergy is set to cut 30 jobs to meet changing market demand.
£20m for tide energy developer Atlantis after floatation
The developer of the largest consented tidal power scheme in Europe has raised over £20million in grant funding and a stock market flotation.
UK needs 100,000 new engineers a year, warns industry chief after blasting ‘pathetic’ recruitment levels
The UK needs to train 100,000 engineers a year if it is to ensure healthy future economic growth, an industry boss has warned.
£750K contracts boost for Mac
An Aberdeen maritime consultancy firm has announced new contract wins worth £750,000 in January as it reported a £1million boost in annual turnover.
Marathon warned after safety breach on Brae Bravo
North Sea major Marathon Oil has been slapped with an improvement notice on its ageing Brae Bravo platform by the Health and Safety Executive (HSE).
£1m technology bid to develop tool for securing more oil
A company has been formed to commercialise technology that will help oil and gas companies to improve acquisition and analysis of geophysical data.
North Sea firms tie up Costa Concordia salvage effort
Two Aberdeen firms have applied North Sea skills to help salvage the stricken Costa Concordia cruise ship in contracts worth hundreds of thousands of pounds.
Heslop set to retire after guiding EnQuest to success
The oil and gas veteran who has led the establishment of EnQuest as a leading North Sea player has announced plans to retire.
Babcock hails £60m oil and gas boost to order book
Engineering and defence giant Babcock International hailed a £60million boost to its order books from its growing oil and gas division.
Offshore decommissioning course set for return this month
A training course on offshore decommissioning activity has come back due to popular demand.
£3.5m funding boost for Coretrax
Oil industry services firm Coretrax has been given a £3.5million cash boost as it looks to expand into the Middle East.
Nexen charter boost for Atlantic Offshore
Standby vessel operator Atlantic Offshore Rescue has commissioned a £6million vessel for a long-term charter with Nexen – creating 30 jobs.
Brazil looks to open doors for oil and gas investment
Brazil is open for business and keen to attract investors as it pushes ahead to double its oil and gas production by 2020, industry executives said.
Oilgen invests in US service
A north-east reservoir engineering company has launched an advisory service for international investors interested in US onshore oil and gas assets.
£30m BP deal for Eastern Airways
Eastern Airways has won a £30million contract with oil giant BP to ferry staff between Aberdeen and Sumburgh in Shetland with the creation of 25 jobs.
Maxoil links up with Far East partner
Oilfield troubleshooter Maxoil Solutions has joined forces with a Malaysian engineering firm to help drive its business in the Far East.
Venture capital firm snaps up controlling stake in Interwell
Norwegian venture capital firm Ferd Capital has taken a controlling stake in well-intervention company Interwell.
Macphie of Glenbervie eyes £6m turbine plan
Macphie of Glenbervie is investing up to £6.3million to build a two-turbine windfarm on its Aberdeenshire estate.
Inspection and repair vital for North Sea future, says Harkand boss
A year ago this week, Harkand was forged into an international subsea giant and unveiled at the Subsea Expo in Aberdeen.
Scots ports delaying offshore wind investment over market uncertainty, warns owner
Scottish ports are nearly ready to support the offshore wind industry but are delaying final investment in infrastructure due to market uncertainty, a leading port owner has claimed.
Aberdeen conference to look at new technology for unlocking North Sea reserves
A conference dedicated to the technologies that will unlock remaining North Sea reserves will take place in Aberdeen next month.
Oil minnows turn to creative funding solutions after investor snubs
Poor investor confidence in junior oil and gas companies is forcing them to consider more creative funding options, according to EY research.