Stratic gives positive update on finances
Stratic Energy, which just two months ago sounded a warning on its ability to continue to operate as a going concern, gave an update on its finances yesterday.
OGUK to brief delegates on activity survey findings
OIL and Gas UK will present its 2010 activity survey at the offshore industry body's first breakfast briefing of the year on Thursday, February 25, in the Aberdeen Exhibition and Conference Centre.
Bowleven ‘well funded’ to carry out intensive programme
BOWLEVEN said yesterday it was well funded to undertake the extensive activities planned across its portfolio this year.
TAQA secures rig for North Sea drilling
The UK arm of Abu Dhabi national energy company TAQA has announced a drilling campaign in the northern North Sea.
Cape’s Aberdeen operation lands £150m-plus BP contract
Cape Offshore Aberdeen has landed a £150million-plus deal to expand its operations for energy giant BP.
Xodus chief executive has eye on buys
The oil and gas industry has produced many fast-growth new companies in Aberdeen.
‘Stimulating’ line-up unveiled for Subsea 2010 conference
The line-up of speakers for the biggest annual subsea oil and gas showcase in Europe has been announced.
Optimism on oil and gas deals after challenging 12 months
There is a healthy outlook for oil and gas transactions in upstream and oil-field services, according to professional services firm Ernst & Young.
DE completes Diamond rig upgrade contract
AN ABERDEEN-BASED hydraulic-engineering company has completed an upgrade project for Diamond Offshore Drilling (UK).
Ferguson lands major deal in Caspian
International offshore accommodation specialist Ferguson Modular said yesterday it had landed one of its most significant contracts to date.
Decom North Sea confirms Nixon as CEO
Decom North Sea, the Aberdeen-based industry forum set up last year to maximise new business opportunities presented by offshore decommissioning, has confirmed Brian Nixon as its first chief executive.
Oil industry’s leaders in safety to be applauded
Oil and Gas UK and Step Change in Safety are calling for entries to the UK oil and gas industry's first safety awards.
Premier Oil building new core area in North Sea
Premier Oil said yesterday it was to take a 50% stake in a block in the UK central North Sea containing two prospects.
Cairn signs up second rig for Greenland exploration campaign
Cairn Energy said yesterday it had secured a second drilling unit for this year's exploration programme offshore western Greenland.
Well Enhancer set to prove its worth in 2010
WELL intervention expert Helix Well Ops UK has ended the year on a high, with the first projects by its new ship.
Funding will help OHM meet opportunities
Offshore Hydrocarbon Mapping has announced a credit facility of up to £1.25million.
Losses grow at troubled Sovereign
Interim losses have widened at troubled energy service company Sovereign Oilfield Group.
Strong interest in All-Energy show
THERE are only 30 stands left at the UK's largest renewable-energy exhibition and conference, though the annual event is still months away.
Bond boosting workforce after wins
Bond Offshore Helicopters said yesterday it planned to add about 60 people to its workforce after new contract wins worth £160million.
Profits soar at helicopter operator
BOND Offshore Helicopters has reported a jump in turnover and profitability.
£125m boost for marine-transport group
THE Royal Bank of Scotland revealed yesterday it had provided a £125million refinancing package to oil and gas service company GulfMark Offshore (GLF).
Cairn secures Greenland drill vessel
Cairn Energy said yesterday it had secured a drillship for work offshore western Greenland next summer, a year earlier than planned.
Confidence in supply chain ‘fragile’
Business confidence in Britain's offshore oil and gas industry supply chain remains fragile, it was reported yesterday.
Subsea intervention specialist recruiting
SUBSEA intervention specialist TSMarine Subsea revealed yesterday that it planned to recruit a further 25 staff in Aberdeen.
Well service group to join broader OGUK fold
The Well Services Contractors Association (WSCA) will cease to exist at the end of this month.