£20million investment to create jobs
ABERDEEN-BASED mechanical-engineering group EnerMech said yesterday it had invested £20million in a new unit to operate worldwide.
Buchan fills Cosalt Offshore hotseat
Aberdeen-based Cosalt Offshore has named Rod Buchan as its new chief executive.
RBG buyout deal yet to be agreed
A change in ownership at Aberdeen energy service company RBG has still to be agreed.
High-profile speakers to address conference
LEADING industry figures will take to the podium at this year's Subsea 2011 conference in Aberdeen on Wednesday, February 9.
Fairfield boss steps down after review
The chief executive of Aberdeen-based oil and gas company Fairfield Energy has resigned.
Hurricane’s progress west of Shetland
A small UK oil and gas company said yesterday it was moving ahead with projects west of Shetland.
Dana announces gas find off coast of Mauritania
Aberdeen-based Dana Petroleum said yesterday it had found gas with an exploration well off the coast of Mauritania.
Champion wins two-year offshore contract
SPECIALIST oil field production chemicals company Champion Technologies has been awarded a two-year contract by Petrofac worth £3million annually.
North Sea firms unite in safety crackdown
The North Sea oil and gas industry announced a major safety move yesterday in an effort to prevent another offshore disaster.
Expanding oil firm gets new boss
Aker Solutions today announced a new managing director at its Aker Offshore Partner unit in Aberdeen.
£2m credit deal helps Caledus head overseas for growth
OIL well construction technology company Caledus said today it was expanding into new international markets after securing a £2million revolving credit facility from Lloyds Banking Group.
Entries sought for oil-sector safety awards
Oil and Gas UK and Step Change in Safety are seeking entries for the 2011 safety awards, which acknowledge exceptional contributions to safety.
Another find for Total west of Shetland
French oil and gas company Total has announced "another meaningful" discovery west of Shetland.
Aberdeen-based contractor wins major BP deal
Aberdeen-based international drilling and engineering contractor KCA Deutag said yesterday it had won a major contract with oil giant BP.
MPs warn oil firms of deepwater safety fears
The offshore industry is being warned that more needs to be done to prevent a deepwater drilling disaster off Scotland's coast.
Xcite Energy share deals worth millions
Three directors at Xcite Energy have sold shares in the company worth more than £4.2million each.
Maersk Oil in new Brazilian venture
DENMARK'S A.P. Moller-Mærsk yesterday announced a £1.56billion Brazilian acquisition.
Wood Group acquisition of rival comes under scrutiny
The UK's Office of Fair Trading (OFT) is looking into Scottish energy services giant Wood Group's £606million acquisition of smaller rival PSN.
‘Challenging conditions’ for energy sector in year ahead
The energy sector is likely to continue to experience challenging conditions in 2011, despite signs that the global economic downturn is beginning to ease.
New driving force for Reservoir Group Data
ABERDEEN oilfield services business Reservoir Group (RG) has appointed Simon Kendall to run its expanded data business.
Xcite’s shares continue to soar as expectations rise
Shares in Xcite Energy jumped for the second day in a row yesterday as anticipation grows about the potential of its Bentley heavy-oil field, about 100 miles east of Shetland.
EnerMech snaps up Aberdeen Valve Supplies for £1.5million
Mechanical engineering group EnerMech said yesterday it had acquired Aberdeen Valve Supplies (AVS) in a deal believed to be worth around £1.5million.
Desire starts drilling on well in North Falkland Basin
North Falkland Basin oil and gas company Desire Petroleum said yesterday that drilling had begun on the Dawn/Jacinta well.
Xodus Group lands £5m subsea contracts
ENERGY consultancy Xodus Group said yesterday it had landed more than £5million worth of subsea contracts this year and also doubled its subsea team.
Ithaca to drill second well on Jacky field
ITHACA Energy said yesterday it planned to drill a second production well on the Jacky field in the UK North Sea in the first quarter of next year to access additional reserves.