PSN says reports of takeover bids only speculation
Aberdeen energy service company PSN said last night a report that two rivals were bidding for the business was only speculation.
Offshore staff get younger as average age falls to 40
North Sea oil and gas workers are getting younger. Oil & Gas UK says the average age is now 40.4 -- the lowest since the industry body began compiling the data in 2006.
Shell deal ‘dawn of a new era’ for PSN
Aberdeen energy service company PSN has beaten rivals Petrofac and Wood Group to win a £300million-plus contract with Shell UK.
UK energy industry honours its achievers
MORE than 500 people attended an Oil and Gas UK event in Aberdeen last night honouring the achievements of people and companies that had made outstanding contributions to the success of the energy industry.
UK operator TAQA secures Stena rig
TAQA Bratani, the UK subsidiary of the Abu Dhabi national energy company, said yesterday it had secured drilling rig Stena Spey on a six-month contract.
Record fair attendance reflects high levels of industry activity
A record turnout of more than 1,000 delegates attended an annual oil and gas industry event in the north-east yesterday.
Amor snaps up DW Technology to enhance capability
Aberdeen company DW Technology Services has changed hands in a seven-figure deal.
AGR’s Aberdeen team secures Pakistan deal
The Aberdeen office of AGR Petroleum Services (AGR) said yesterday it had won an £875,000 contract to evaluate oil and gas reserves on behalf of Pakistan's national oil company.
Engineering firms under new ownership
There has been a change of ownership at Aberdeen-based engineering companies DE Engineering and DE Hydraulics.
Faroe dips after drill disappointment
Shares in Aberdeen-based Faroe Petroleum fell yesterday after it said drilling on the Anne Marie exploration prospect off the Faroe Islands had failed to find thick reservoir sands.
Wellbore specialist set for £1m turnover
ABERDEEN-BASED oil field service company Coretrax Technology said yesterday it was on target to turn over £1million in its first 18 months.
New review of subsea sector
INDUSTRY body Subsea UK is encouraging businesses operating in subsea oil and gas, oceanology and marine renewables to participate in new research into the sector.
Fewer than 300 licences up for grabs in 26th UK round
The UK Government said yesterday it had offered oil and gas licences for 268 blocks in the 26th offshore licensing round.
Private-equity pair pour cash into subsea specialist flexlife
Aberdeen-based subsea specialist flexlife said yesterday that two private-equity investors had injected £5.5million into the business to help its continued growth.
Energy sector ‘still has safety challenges’
Research into global oil and gas safety and competency standards has found that the industry still has safety challenges.
Gas group Centrica slimming down North Sea portfolio
Centrica confirmed yesterday it was moving to slim down its North Sea portfolio following the £1.3billion deal to take over Aberdeen-based Venture Production last year.
Venture capitalist takes £3.2m stake in FFA
VENTURE-CAPITAL group Energy Ventures has invested £3.2million to take a minority stake in 3D seismic-data specialist Foster Findlay Associates (FFA).
US giant to bring North Sea find into production
Oil company ConocoPhillips plans to bring the Jasmine discovery in the central North Sea into production in the next couple of years.
Aberdeen-based drill contractor starts operations in Iraq
Aberdeen-based international drilling and engineering contractor KCA Deutag has started work in Iraq.
TWMA wins waste-disposal contracts worth £4m
TOTAL Waste Management Alliance (TWMA) said yesterday it had been awarded drilling-waste management contracts by BP worth about £4million.
First buy in Colombia for ITS Group
ITS Group continued its international expansion with its first acquisition in Colombia in South America.
Reel Group planning move into Indian market
Scottish oil service company Reel Group is expanding into India to take advantage of opportunities offered by its growing offshore-drilling market.
Alliance hosts South African oil delegation
A SCOTTISH training alliance hosted a mission from South Africa in Aberdeen yesterday.
North Sea contract win creating 20 jobs at Consafe
Aberdeen-based Consafe Engineering Services said yesterday it had landed a contract worth more than £15million which is leading to the creation of 20 jobs.
Simmons promotes fund boss to MD
THE Aberdeen-based head of Simmons Parallel Energy, a private-equity fund set up to make minority joint investments across the energy sector, has been promoted.