Reith to lead growth at Labtech operation
Specialist Services Group has announced the appointment of Derrick Reith as managing director at its expanding Labtech Services operation in Aberdeen.
Skills shortage tackled
A Scottish engineering firm is to take on 60 apprentices over the next five years following a £1.8million cash injection.
EnQuest launches retail bond
The largest independent UK oil producer, EnQuest, said it would be the first firm in the sector to launch a retail bond.
New boss has growth vision
The new boss of the largest operating division of Wood Group revealed yesterday that he was planning further major growth for the business.
Subsea and drilling engineers the skills crunch
The boom in the North Sea oil and gas industry has been under way for a number of years and shows no signs of stalling, leading to skill shortages across the board, says Graeme Fyfe, Director of Hays, the global recruiting firm in Aberdeen.
2013 looking healthy for oil and gas
With project activity around the globe set to ramp up and all indicators pointing to a sustained healthy oil price, 2013 looks set to be a promising year for oil and gas.
Skills shortages biggest challenge
Skills shortages are the biggest challenge to the sector with up to 15,000 people needed in the industry in the next five to 10 years.
Subsea: UK can retain third of market
One of the fastest-growing sectors in recent years, the subsea industry is set to continue on its upward curve in 2013. One of the few industries to demonstrate high growth through the recession, the subsea sector is enjoying a positive long-term outlook with the global market predicted to increase by 100% over the next five years to £40billion.
Resolution of fiscal issues bodes well for North Sea
Tax measures introduced since the UK Government's £10billion raid on the oil and gas industry have helped to restore confidence in the North Sea, according to an expert.
SPE unveils shortlist for Offshore Achievement accolades
Finalists for this year's Offshore Achievement Awards have been named today.
Region bucking sluggish trend
The buoyancy of the oil and gas industry has helped the north-east buck the trend of slow economic growth, according to development agency Aberdeen City and Shire Economic Future (Acsef).
Three-pronged approach
Following a decade of fiscal instability and investor uncertainty, in which we could have been forgiven for believing the UK Government was just cashing in its chips, the coalition has now established a new approach on tax and is working towards an industrial strategy for oil and gas for the long term.
Valve Tech ‘first of five’ planned buys
Aberdeen-based energy service company EnerMech has announced the first of five international acquisitions planned for the next six months.
Romar expects sales growth to continue
Oilfield service company Romar International yesterday revealed a surge in turnover.
Fifth Ring opens Singapore office
Fifth Ring Integrated Corporate Communications has launched an office in Singapore as part of expansion in the Asia-Pacific region.
Babcock lands £30million BP contract
Babcock International Group said today that its facility at Rosyth had landed a £30million-plus contract for a major project west of Shetland.
New £3million contract
Intertek revealed today it had won work worth £3million to support Maersk Oil UK's North Sea operations.
Aker taking over venture
International oil service group Aker Solutions has said it is strengthening its commitment to the Canadian oil and gas market.
Firm to open base in Bergen
Mechanical engineering company EnerMech is to open a second Norwegian site as part of a £3million investment to grow its Scandinavian business.
Halliburton swallows up Red Spider
A north-east technology specialist for the oil and gas industry, Red Spider, has been sold to US oil service giant Halliburton in a deal understood to be worth up to £40million.
Weldex opening school for crane drivers at energy park
A crane-driver training centre is to be opened soon at Nigg Energy Park on the Cromarty Firth, creating an initial 10 jobs.
Subsea supply win for Aker
Aker Solutions revealed today it had signed a contract with Marathon Oil Norge for subsea equipment for the Alvheim field.
Dealmakers optimistic over future
The north-east dealmaking community is optimistic about continued merger and acquisition activity over the next 12 months, according to a new survey by professional services firm KPMG.
Demand puts Emec on crest of a wave
Demand for access to wave and tidal test sites at the European Marine Energy Centre (Emec) has never been higher as the Orkney facility gears up for its 10th anniversary year.
Balmoral has high hopes after slump
Balmoral Group Holdings is expecting profits to bounce back in the current financial year, the company said yesterday.