Venture board concedes to Centrica
The board of Aberdeen oil and gas operator Venture Production conceded defeat yesterday in its defence against the £1.3billion hostile takeover by Centrica.
Ferguson announces record annual surplus
Inverurie-based Ferguson Group announced record annual profits yesterday.
Cairn plans Greenland drill campaign
Cairn Energy plans to drill several wells off Greenland in a drilling campaign starting in 2011, its bosses said yesterday.
Drilling starts on Glenlivet prospect
FAROE Petroleum said yesterday that drilling had started on the Glenlivet gas prospect west of Shetland.
Centrica builds near-60% interest in buyout target
Centrica revealed last night it had built a near-60% controlling stake in Aberdeen-based oil and gas company Venture Production.
OHM expecting near-£9million annual deficit
Offshore Hydrocarbon Mapping (OHM) said yesterday it would be nearly £9million in the red for the year to the end of this month.
Oil and gas firms see growth for second quarter in row
Oil and gas companies listed on the Alternative Investment Market (AIM) have seen an upturn in their fortunes for the second quarter in a row.
qedi planning another 60 recruits around the world
Fast-growing Aberdeen oil service company qedi is planning to add another 60 people to its worldwide workforce in the next 12 months.
Carbon capture consortium expands
SHELL UK and National Grid are joining ScottishPower's carbon capture and storage (CCS) consortium.
Union to offer help to concerned oil workers
Offshore union RMT is to operate an information and support desk for oil workers at Aberdeen Airport from Monday.
More than 50 parties show interest in Stable
More than 50 parties have already expressed an interest in buying a fast-expanding Aberdeen oil field products firm which went into administration this week.
Ian brings 30 years’ experience to Metacor board
ABERDEEN corrosion management specialist Metacor has announced an experienced addition to its board, as it builds for further international growth in the Americas and south-east Asia.
Order book not enough to save oil industry jobs
Nearly 40 people were made redundant yesterday when a fast-expanding Aberdeen oil-field products firm went into administration.
Chance to get a stake in China’s renewables market
ABERDEEN Renewable Energy Group (AREG) is to host an event for businesses looking to capitalise on China's renewables market.
Shell says large staff cuts are likely
THE new boss of oil giant Shell yesterday publicly admitted "substantial" staff cuts are likely among the worldwide workforce.
Talisman finds oil on North Sea prospect
Talisman Energy revealed yesterday it had made a discovery on its Shaw prospect in the UK sector of the North Sea.
Swire swoops once again Down Under
A WORLDWIDE supplier of specialist offshore cargo-carrying units, Aberdeen-based Swire Oilfield Services, has announced the acquisition of another Australian company.
Salter Aberdeen firm’s first non-executive chairman
ATR Group, of Aberdeen, has appointed experienced local businessman Mike Salter as its first non-executive chairman.
Energy giant’s Aberdeen move seen as natural step for UK arm
One of the world's largest energy companies, GDF Suez, has set up a base in the centre of Aberdeen and is looking to recruit up to 80 people in the year ahead.
New owner can help grow Viking across the globe
ABERDEEN-BASED Viking Moorings has changed hands in a sale believed to be worth more than £180million.
Aberdeen firm expands with new office in Australia
Aberdeen company Optima Solutions UK is continuing its push into foreign markets with the opening of a new office in Perth, in Western Australia.
Pilot plant proving ground for scale service
ABERDEEN oilfield environmental service company Scotoil Services is spending more than £400,000 on a pilot plant at its harbourside base for land-based disposal of oilfield scale.
Union calls for ‘spirit of Tupe’ to be upheld
A North Sea union called on Forties field operator Apache yesterday to intervene in a dispute involving two major contractors.
£1.5m poured into Argon’s expansion
ABERDEEN company Argon Isotank has invested £1.5million in new premises and equipment in the Altens area of the city.
Xodus grows profits 155% at UK operation
Aberdeen-based Xodus has reported "phenomenal" growth in its past financial year.