Ithaca raises extra £100m to develop fields
Canadian oil and gas company Ithaca Energy said yesterday it had raised another £100million to help accelerate development of the Greater Stella Area in the UK central North Sea.
BP dampens hopes of early resolution
BP has dampened talk that it could plug its gushing well in the Gulf of Mexico this month.
Rental specialist ATR hopes to cash in on deal
GLOBAL plant, lifting and tool rental specialist ATR Group has announced a deal which could add £3million to its turnover over two years.
TAQA Bratani will be under one roof
THE UK arm of the Abu Dhabi national energy company TAQA Bratani is bringing all its onshore operations together at its headquarters site near Aberdeen.
North Sea future looks bright amid £6bn boost
Britain's oil and gas industry yesterday revealed it is investing up to £6billion in new North Sea developments this year - the latest sign of an upturn in offshore activity.
Oil chief dismisses investment fears after BP spill
An oil industry leader does not think BP's troubles in the Gulf of Mexico will lead to the offshore giant cutting back investment in the North Sea.
Bibby Offshore has new boss at the helm
BIBBY Offshore, an Aberdeen-based provider of subsea construction and offshore management services, announced yesterday changes to its board.
Nautronix has new board member
OIL service company Nautronix has named Jay Collins as a non-executive board member.
Oilfield service company secures worldwide contracts worth £250m
International oilfield service company Expro yesterday announced worldwide contract wins worth £250million.
Scots firm benefits from share of £10m offshore wind package
GRANTS totalling £10million for developing next-generation offshore wind technology are announced today.
Aberdeen oil entrepreneur could cash in by £34million
An Aberdeen entrepreneur who has created one of Europe's top independent oil and gas firms could pick up more than £34million from its sale, it emerged yesterday.
Azeri win ‘a springboard’ for EnerMech’s expansion in region
Aberdeen mechanical service company EnerMech has been awarded an £8.2million contract in Azerbaijan.
Mystery suitor looking to take Dana out
Dana Petroleum said in a statement after the stock market closed yesterday that it had received a bid approach.
North-east energy firms help in BP clean-up
Two north-east energy service firms are playing important roles in BP's efforts to clean up the oil spill in the Gulf of Mexico.
Management buyout at fast-growing XPD8
Aberdeen-based XPD8 Solutions has been the subject of a management buyout.
Aker Solutions wins extended deal with North Sea operator
Aker Solutions said yesterday it had secured a three-year extension to a contract with Nexen Petroleum in the UK North Sea and that the deal was worth an estimated £60million.
Expert predicts bright future for North Sea industry
A UK North Sea expert has predicted a bright future for the north-east oil and gas industry, despite declining production.
Petrex pair have ambitious growth plans
TWO former Marathon Oil employees have ambitious expansion plans for their own subsea-engineering and project-management consultancy.
Subsea companies agree deal to create £3.6bn global player
Two major companies involved in the subsea-engineering sector announced plans yesterday to create a group worth more than £3.6billion.
New man at the helm of e-learning specialist Atlas
E-LEARNING specialist Atlas Interactive has a new chief executive.
Top honour for Aker Qserv director
A director at north-east oil service company Aker Qserv was named entrepreneur of the year at the annual Grampian Awards for Business Enterprise last night.
Hydro opens £4.2m HQ in Aberdeen
Hydro Group officially opened its new £4.2million headquarters yesterday at Aberdeen Science and Energy Park.
Dana acquires Dutch North Sea business for £270m
Dana Petroleum, of Aberdeen, announced the £270million acquisition of Petro Canada Netherlands (PCN) yesterday, the biggest deal since its formation in 1994.
BP remains a good long-term prospect despite oilspill disaster
There was a heightened air of nervousness at last month's Offshore Technology Conference in Houston, Texas.
Apache awards RBG Forties riser contract
ENERGY service firm RBG said yesterday it had won a contract worth more than £500,000 from Apache North Sea.