Drilling begins on Faroe prospect
FAROE Petroleum said yesterday that drilling operations had started on the Anne Marie prospect off the Faroe Islands.
EnerMech ups turnover target
FAST-GROWING oil and gas service firm EnerMech has raised its annual turnover target for 2010 to £65million.
Asco counts cost of US warehouse blaze
Annual profits at international energy logistics specialist Asco Group have been hit by the impact of a warehouse fire in the US.
Faroe’s shares soar after Norway find
Shares in Faroe Petroleum soared by more than 23% to 159p yesterday after it announced a discovery in the Norwegian Sea.
Technip celebrates pipelay vessel’s rejuvenation
TECHNIP officially named its new pipelay vessel the Apache II at a ceremony yesterday at Invergordon close to its Evanton spoolbase, where the ship will mobilise for future projects.
Reservoir adds Enigma Data to group
ABERDEEN oil and gas service business Reservoir Group has announced the acquisition of Enigma Data Solutions for an undisclosed sum.
Dana to acquire half of Egyptian offshore licence
Dana Petroleum, of Aberdeen, has announced an Egyptian deal.
Marine Subsea praised for prep work
MARINE Subsea (UK) was praised yesterday after completing a £656,000 contract for operator Repsol at the Casablanca platform, offshore Spain.
Aker Qserv given seal of approval from Opito
PORTLETHEN-BASED Aker Qserv has received the Opito stamp of approval to deliver key industry safety and training standards as part of a course which helps to open up the oil and gas industry to skilled engineers looking for a career move from other industries.
Titan Torque Services targets strong growth
TITAN Torque Services has appointed a director of business development to lead its next phase of growth in the North Sea market and internationally.
Asian suitor still in talks with Dana
Korea National Oil Corporation (KNOC) remained in talks with Dana Petroleum on a takeover that could potentially be worth £1.3billion-plus, a KNOC source said yesterday.
Nexen upbeat over Golden Eagle’s future
There were positive updates yesterday on the development of two significant North Sea finds - Golden Eagle and Catcher.
Fairfield Energy postpones plans for stock-market listing
Aberdeen-based oil and gas company Fairfield Energy confirmed yesterday it had postponed its stock-market listing after weak markets spooked potential investors.
Dana buoyed by potential of Blackbird oil field
DANA Petroleum announced yesterday the successful appraisal of the Blackbird oil field in the UK central North Sea.
Merger plan with Subsea 7 wins backing, says Acergy
THE chief executive of Acergy said yesterday its plan to merge with Subsea 7 had been well received by clients, shareholders and staff.
Pressure point for BP in the Gulf of Mexico
BP has started testing a cap designed to stop the flow of oil into the Gulf of Mexico for the first time in almost three months.
Relishing new challenges
Scottish oil industry veteran Mike Bowyer may have carved out a career for himself in a completely different profession if it had not been for botany.
EnerMech to go on acquisition trail after £24m funding deal
Oil and gas services firm EnerMech is planning more acquisitions after agreeing a new funding package worth up to £24million.
Amec lands £226million contract with BP Azerbaijan
International engineering and project management company Amec announced yesterday a £226million contract win with BP Azerbaijan.
Expro wins extension to Statoil contract
INTERNATIONAL oilfield service company Expro said yesterday it had landed a four-year extension to a major contract with Statoil in Norway.
Crew-transfer device on a high
MARINE personnel-transfer expert Reflex Marine said yesterday its Frog crew-transfer device had reached a double milestone.
Falkland Oil and Gas shares dive after well hopes dashed
Shares in Falkland Oil and Gas (FOGL) dived yesterday after the firm said its Toroa exploration well had failed to find hydrocarbons and would now be plugged and abandoned.
BP pushes ahead with second phase of developing Clair field
Oil giant BP is moving ahead with plans for the £4billion phase two development of the giant Clair field west of Shetland.
Harbour board causes confusion over windfarm
Aberdeen Harbour Board has caused confusion by comments in its annual review which oppose the £150million windfarm in the sea off the city.
Caledus co-founder announces he is to step down
The co-founder of Aberdeen oil service company Caledus said yesterday he was standing down as chief executive.