Trade group highlights workers’ fiscal concerns
THE body which champions Britain's subsea industry has met with HM Revenue and Customs to present the industry's concerns over proposed changes to seafarers' tax.
TAQA boss has lofty aspirations
As a youngster in his home country of Holland, Leo Koot was fascinated with the sea and the adventures that might be awaiting him abroad.
Well-intervention innovation rewarded
STATOILHYDRO received the innovation award yesterday at the 14th European Well Intervention Round Table.
Job cuts in pipeline at PSL – claim
North-east firm PSL Energy Services is believed to be planning to axe at least 50 posts, it emerged yesterday.
Oil find sends EnCore shares rocketing 23.5%
Encore Oil has announced an oil find at the Bowstring East prospect in the UK northern North Sea.
Energy firms urged to stay calm
Oil and gas companies were urged yesterday to avoid any kneejerk reaction to big movements in the oil price.
Shell geologist shines at industry awards
THE winners of the Oil & Gas UK Awards 2008 were announced at a ceremony last night.
Energy sector ‘will continue to invest’ despite turmoil
The North Sea oil and gas business is not on the edge of any investment precipice due to current worldwide financial turmoil, an industry leader stressed yesterday.
Innovative partnerships crucial to sector’s success
THE oil and gas industry needs to think "outside the box" to develop next-generation technology vital for the future of the sector, it has been claimed.
Financial crisis could hit North Sea budgets
A director at Oil and Gas UK has said that lower oil prices and the impact of the credit crunch could hit North Sea capital investment next year.
Dominion expects Argon acquisition to lead to more jobs
Aberdeen-based oilfield service company Dominion Gas announced a £4million-plus acquisition yesterday, which is expected to lead to additional jobs.
Reservoir boosts data-management arm with InfoAsset buy
North-east energy service firm Reservoir Group announced another acquisition yesterday.
Qserv actively recruiting to keep pace with rapid rate of expansion
North-east oil service company Qserv said yesterday it was on target to increase its worldwide workforce to 700 by the end of the decade.
Wave and tidal power strategy vital for Scotland
Scotland risks losing its position as the global leader in wave and tidal power unless steps are taken to put in place vital infrastructure, according to the head of a green-energy trade body
Dyas taking £40m slice of North Sea explorer’s assets
Ithaca Energy, a Canadian oil and gas explorer focused on the UK North Sea, has agreed a deal to sell 25.25% of all its assets to Dyas UK for £40million in cash.
Going back to school pays off for AMEC
AMEC went back to school to win top honours at the Offshore Contractors' Association (OCA) awards in Aberdeen last night.
TAQA North Sea strategy unchanged by recent events
The boss of Abu Dhabi national energy company TAQA said yesterday that its strategic plan remained unaffected by recent events in financial markets.
EnerMech adds third business to its portfolio this month
Aberdeen mechanical service company EnerMech yesterday announced its third acquisition in less than a month.
UKCS projects vulnerable to financial woes
There will be significant knock-on effects for the oil and gas business on the UK continental shelf (UKCS) if problems in financial markets persist, an industry expert said today.
Aberdeen group on brink of major success
ABERDEEN-BASED oilfield technology company Brinker is forecasting a big surge in turnover and staff numbers in the next three years.
Shell and Exxon next in the spotlight
All eyes will now be on Shell and ExxonMobil, which will announce huge third-quarter profits tomorrow.
£10m wellhead equipment wins for Elmar
NOV Elmar UK yesterday announced contract wins of £10million in the latest quarter.
OHM sounding out potential buyout interest
Aberdeen company Offshore Hydrocarbon Mapping (OHM) revealed yesterday it was in early stages of discussions which may lead to an offer being made for the firm.
Treasury urged to help boost oil recovery
THE UK Government was told yesterday it must urgently provide a targeted boost to investment in the country's oil and gas basin.
Wood directors raise stakes in energy service company
Directors at international energy service provider Wood Group continue to show confidence in its future prospects by buying more shares in the business.