Sir Ian Wood: No place for ‘bad habits’ in a recovering North Sea industry
Green shoots of recovery in the North Sea must be nurtured without any return to the “bad habits” of not so long ago, industry doyen Sir Ian Wood warned yesterday.
Total confirms move from Aberdeen to nearby Westhill
About 800 onshore workers employed by Total in Aberdeen are moving into Subsea 7’s old west campus building in nearby Westhill.
Bowleven shares drop after boardroom coup
Five directors at Scottish oil explorer Bowleven, including chief executive Kevin Hart, were ousted in a shareholder revolt yesterday.
Peterson lands major deal with BP in the Caribbean
International energy logistics firm Peterson said yesterday a new multimillion-contract with BP in the Caribbean built on a strong relationship developed in the UK North Sea.
Boardoom coup at Bowleven
Five directors at Scottish oil explorer Bowleven, including chief executive Kevin Hart, have been ousted in a shareholder revolt.
Atlantic to sell Orlando stake in return for revenue share
North Sea independent Decipher Energy has struck a deal to buy a 25% stake in the Orlando oil field north-east of Shetland.
New MD appointed to drive growth at Ecosse Subsea Systems
North-east firm Ecosse Subsea Systems (ESS) said yesterday it had hired oil and gas industry veteran Mark Gillespie as managing director to drive “significant” growth over the next five years.
Ithaca spells out why shareholders should sell out to Israel’s Delek Group
North Sea oil producer Ithaca Energy has formally urged investors to accept a takeover offer for all the remaining stock not already owned by its largest shareholder.
Wood Group Aberdeen HQ to stay but job losses ‘inevitable’
Job losses and office closures are inevitable but Wood Group will keep its headquarters in Aberdeen following a £2.2billion takeover of energy services rival Amec Foster Wheeler (AMF), it was announced yesterday.
AFW and Wood Group shares boosted by takeover deal
Amec Foster Wheeler (AMF) shares surged nearly 12% higher following news of the takeover deal yesterday.
Unite will fight to defend jobs and pay after Wood Group/AFW merge
The Unite union focused, not surprisingly, on the inevitable job losses.
Aberdeen firm Read expects new work with Shell to create four jobs
Oilfield well integrity specialist Read Cased Hole, of Aberdeen, said yesterday a new multi-country contract with energy giant Shell would lead to four new jobs.
Hart knows it’s ‘game over’, report says
The Aberdeenshire-educated boss of Scottish oil explorer Bowleven is on the brink of quitting after realising it is “game over” for the firm’s board in its power struggle with an activist investor, a report said yesterday.
Martin Gilbert undertands £11bn merger nerves
Aberdeen Asset Management (AAM) chief executive Martin Gilbert said yesterday the firm’s talks with clients about a proposed merger with insurance giant Standard Life had been “constructive and positive” overall.
Aberdeen Robogals off to a flyer in promoting Stem careers for young women
A group of Aberdeen students trying to persuade more young women in Europe’s oil and gas capital to develop an interest in science and technology has won a coveted award in recognition of its efforts.
OEG working across Europe and Africa after deals of £900k
OEG Offshore (OEG), the Aberdeen-based offshore cabin and container firm, is carrying out deliveries across Europe and Africa under recently-won contracts worth more than £900,000.
Durrant insists Premier is on track for a healthy balance sheet
Premier Oil chief executive Tony Durrant said last night he aimed to have the North Sea operator’s net debt down to a “rule of thumb” level by the end of next year.
Union boss hits out over Shell boss’s bumper pay deal
Shell boss Ben van Beurden enjoyed a £3million boost to his overall pay package in 2016, earning more than £7million.
Proserv nets £5m-plus deal in Asia
North-east energy service firm Proserv said yesterday it had won a “multi-million dollar” contract with Premier Oil for work in Asia Pacific.
Aggreko sees its share price drop 13% as profits fall 12%
Shares in Scottish temporary power firm Aggreko took a pummelling yesterday after it reported a 12% plunge in 2016 profits and said it expected worse this year.
North-east at ‘pivotal point’ for its future
The north-east is at a pivotal point in shaping its future, a leading oil and gas expert said yesterday.
Oil prices on ‘mild up’ as omens good, says top banker
Oil prices are most likely headed on a “mild up” after the turmoil of their slump from 2014-2016, a top banker said on a visit to Aberdeen.
Big international contingent heading for 2017 Aberdeen-Houston Gateway
An event celebrating business links between the north-east and Houston in the US will mark its fifth anniversary this month by welcoming its largest ever international delegation.
Ambassador urges Scottish firms to look at oil and gas opportunities in Algeria
Mention Algeria in oil and gas circles these days and the deadly terrorist attack on the In Amenas gas plant more than four years ago is likely to spring to mind.
Make sure your pension savings go the distance
Global markets behaved as unpredictably as ever during 2016.