Deadline for SOAA entries extended
THE deadline for companies planning to enter the Scottish Offshore Achievement Awards (SOAA) has been extended by a week to Friday, February 6.
PSN buoyed by year of positive growth
THE boss of international oil and gas service contractor PSN said yesterday that it remained cautiously optimistic for the year ahead.
Dominion to open gas plant in Ghana
ABERDEEN-BASED oilfield service company Dominion Gas is opening a new gas plant in Ghana, west Africa, and an office in Perth, Australia.
Financial fillip for Plexus as new credit line agreed
OIL and gas engineering service business Plexus Holdings said yesterday it had secured a 25% increase in its banking facilities.
Oil service giants warn jobs will be axed in north-east and North Sea
Two oil service giants employing thousands of people in the Aberdeen area said yesterday that jobs will go as the worldwide economic slump began to take its toll on the energy industry.
PI joining project-management giant in multimillion-pound deal
An Aberdeen-based engineering consultancy is being bought by international engineering and project-management company AMEC for up to £19million.
Petrofac wins £1.68bn contract in the Middle East
International oil and gas facilities service provider Petrofac said yesterday it had won a £1.68billion contract in the Middle East.
Subsea awards shortlist revealed
THE shortlist for the British subsea industry's awards has been revealed.
Poyry promotes trio to new directorships
GLOBAL energy consultancy Poyry has strengthened its Aberdeen team with three senior promotions to board level as it drives forward its expansion plans for North Sea activity.
North Sea contractors facing a 10% pay cut
More than 1,000 North Sea contractors will see their pay cut by an average of 10% as oil companies feel the impact of lower crude prices.
Subsea 7 axes contractors but remains confident
SUBSEA 7 has confirmed that about 20 contractors are no longer working for the engineering and construction company in Aberdeen.
Finance expert takes the helm at oil service firm
The head of structured finance with the Royal Bank of Scotland in Aberdeen has left to head up a new oil service group.
Cairn boardroom role for ex-Talisman chief
THE former chief executive of Canadian oil firm Talisman Energy, Jim Buckee, has joined Cairn Energy, of Edinburgh, as a non-executive director.
OHM to cut workforce in latest move to save cash
Troubled Aberdeen company Offshore Hydrocarbon Mapping (OHM) is to cut its workforce, it confirmed yesterday.
Exploration set to slow in UK waters – Deloitte
Exploration activity on the UK continental shelf (UKCS) remained high last year, according to figures released yesterday by Deloitte.
AMEC expects to beat City earnings forecast
AMEC, said yesterday it expected its pre-tax profits for 2008 would beat market expectations.
Venture leaps on takeover speculation
SHARES in Aberdeen oil and gas firm Venture Production jumped yesterday as takeover speculation mounted.
Wood invests £281,000 in arctic engineering
ABERDEEN-BASED Wood Group launched its sponsorship yesterday of a professorial chair in arctic engineering at the Memorial University of Newfoundland (MUN) in St John's, Canada.
Kintore-based firm maintains focus with new name
A BUSINESS unit of Norway's Proserv Group which has its headquarters in the north-east has become a separate company to help it to accelerate growth.
Libya deal a major milestone for Cetco
ABERDEEN-BASED Cetco Oilfield Services has signed a deal with a Libyan service agent company.
Aker’s BP contract could be worth £25m
AKER Solutions has been awarded a contract renewal with BP for the oil giant's assets west of Shetland.
Hydrasun eyeing another deal as plans for new HQ take shape
Aberdeen company Hydrasun is planning its third acquisition in less than a year, it emerged yesterday.
Well shows good reservoir at Jubilee
TULLOW Oil said yesterday the Hyedua-2 well drilled to appraise the Jubilee field offshore Ghana had flowed at a stable rate of 16,750 barrels of oil per day (bpd), plus 21million cubic feet of associated gas per day.
Paving the way for geological collaboration
AN EVENT on the global challenge of maximising oil and gas recovery in ancient river sediments began in Aberdeen yesterday.
Aberdeen firm completes first phase of £5m Invergordon base upgrade
RBG, of Aberdeen, said yesterday it had completed the first phase in a planned £5million expansion of its Invergordon base.