Bentley ready for next stage
Xcite Energy said yesterday that its northern North Sea Bentley field was now substantially derisked and development ready.
North-east operation to play key role in £560m African deal
Aker Solutions said yesterday its subsea business in Aberdeen would play a major role in delivering a subsea production system off Africa.
Shell denies £850,000 payout for home is golden goodbye
A former North Sea boss received more than £850,000 in compensation from oil giant Shell after the value of his home fell.
Renewable energy powering jobs
Green growth is bringing thousands of jobs and billions of pounds worth of investment to Scotland, UK Energy Secretary Ed Davey will tell the Scottish Renewables Conference in Edinburgh today.
£13m Scopus funding boost
Energy service company Scopus Engineering yesterday announced a £13million investment from Growth Capital Partners (GCP).
SDS hails year of growth
Senergy Development Solutions (SDS) said yesterday it expected to exceed its turnover target of £4million for the year to the end of May and also add to its team.
Warning over rising costs in energy supply chain
A North Sea oil boss will warn today on the danger of rising costs for offshore projects.
HR director promoted
International energy service company Wood Group has announced the appointment of Sue MacDonald as group director of human resources and a member of the executive committee.
Maersk gets go-ahead to develop Balloch field
Maersk Oil UK said yesterday it had received approval from the UK Government for its development plan for the Balloch oil field.
North Sea is driving UK forward
A North Sea industry expert last night welcomed the findings of the activity survey, which he said reinforced the positive outlook for the oil and gas industry.
Huge jobs boost as oil firms to inject £100bn
Oil companies are planning to splash out almost £100billion on projects in UK waters - delivering a massive boost to the north and north-east economy.
Record audience expected
This year's Offshore Achievement Awards will have a record attendance.
Sterling agrees £35m share deal
Troubled oil and gas exploration firm Sterling Resources has agreed to sell more than 73million shares in the company to a syndicate of underwriters led by Casimir Capital for £35million.
Major growth in Newcastle
Aberdeen company Flexlife, a specialist provider of flexible-pipe technologies and engineering services, yesterday reported major growth at its Newcastle base since opening 18 months ago.
Shale gas ‘not immediate solution’ to meet demand
Shale gas should not be seen as a silver bullet for the UK's energy issues, a North Sea boss at oil giant Shell told business leaders in Aberdeen.
Key appointments at core of Stats expansion strategy
North-east oil service company Stats Group has appointed two new directors as part of an ambitious strategy to double in size within three years.
Backing boost for Hydrasun
Aberdeen-based energy service company Hydrasun says its massive growth will continue after announcing a change in private-equity backer.
Statoil gets go-ahead for Mariner
The UK Government gave Norwegian energy giant Statoil the go-ahead yesterday for one of the biggest projects in the North Sea.
Firms urged to cash in on shale oil market
Aberdeen's oil field service sector could capitalise on an emerging global shale oil market which is predicted to generate up to 14million barrels of oil per day by 2035.
Aubin secures £2.25m from growth fund
North-east firm Aubin said yesterday it had received a £2.25million boost from the Business Growth Fund (BGF).
£15million of new business in pipeline
Energy production technology services company Proserv revealed yesterday it had won two North Sea contracts worth more than £15million.
Mustang in £30m Norway contract
Wood Group Mustang said yesterday it had landed a Norwegian contract understood to be worth more than £30million.
Archer wins £73million well abandonment deal
Global oil field service provider Archer is to carry out a £73million contract with Statoil.
Operator extends Flexlife deal
Subsea integrity and project-management specialist Flexlife has been awarded a contract extension by Apache North Sea worth £5million.
New policy head at skills body
Opito, the oil and gas industry's focal point for skills, learning and workforce development, has appointed Darah Zahran as policy affairs director.