Fisher exports subsea expertise from Aberdeenshire to China
More north-east oil and gas subsea technology is on its way to China after a £13million deal struck by a new joint-venture of marine services company James Fisher and Sons.
CNR slashes North Sea production costs to below $42 per barrel
Energy firm Canadian Natural Resources (CNR) said today its North Sea oil production rose by 6% to 23,554 barrels a day in 2016 as it continued to slash operating costs.
Hunting chairman hopes firm’s “dismal” performance will not be repeated in 2017
International oilfield service company Hunting halved its losses after a job cull reduced the global workforce by 24%.
McLaren helps to bring its Grand Prix-winning mentality to the UK North Sea
Formula One racing expertise is at the heart of two innovative projects in the UK North Sea.
Lazy or fantastic about technology? ITF delegates hear contrasting views
The oil and gas industry can be “lazy” about adopting new technologies or “fantastic” at it, according to two of the speakers in a panel debate at the ITF event at Aberdeen Exhibition and Conference Centre yesterday.
11 billion North Sea barrels left at “lower for longer” prices, new research says
A new Aberdeen University study suggests the UK North Sea can deliver nearly 11billion more barrels of oil equivalent (boe) at “lower for longer” prices.
Paradigm Flow Services in expansion mode
Oil and gas industry supplier Paradigm Flow Services (PFS) said yesterday it was growing its workforce after netting work worth more than £5million during the first two months of 2017.
Exclusive: Revolutionary North Sea scheme will emulate football free transfers in bid to save jobs
The North Sea oil and gas industry is looking to a football-style loan transfer scheme to resolve skills shortages after it emerges from a long and brutal downturn.
New job for Sodexo’s Susan Elston
Seasoned North Sea catering boss Susan Elston has been appointed senior vice-president for Sodexo’s offshore and marine business in the UK and Ireland.
Astronaut brings star appeal to Energy Institute dinner
The Aberdeen, Highlands and islands branch of the Energy Institute (EI) hopes Nasa astronaut Rick Hieb will help to make its annual dinner next week an “out of this world” experience.
Weir lifted by signs of oil and gas recovery
Scottish engineer Weir Group said today it returned to growth during the final quarter of 2016, boosted by a recovery in oil and gas markets.
Scottish firm Capital Document Solutions helps to keep the country’s offices productive
If Scottish businesses are the engine room of the nation’s economy, the office equipment supporting them must be kept in tip-top condition.
New trainee levy ‘effectively another tax on oil industry’
The interim chief executive of Opito told MPs yesterday the UK Government’s new apprenticeship levy will have “unacceptable” implications for Scotland’s oil and gas sector.
Ineos empire ‘doing better than ever’, says billionaire Jim Ratcliffe
The billionaire behind North Sea oil and gas newcomer Ineos Breagh has reported record profits for his wider business empire.
Two significant North Sea milestones in one day
Two major new milestones for the beleaguered UK North Sea oil and gas industry have highlighted resilience in the face of a downturn.
Plant Integrity Management hoping to expand after successful year
North-east firm Plant Integrity Management (Pim) is targeting overseas expansion after a “further period of substantial growth”.
Downturn in energy sector strikes at oil magnate’s investments
Holding companies controlled by multimillionaire Aberdeen businessman Ian Suttie had mixed fortunes during the year to April 30, 2016.
Emerson launches new skills facility in Aberdeen
Engineering giant Emerson has officially opened new education facilities in its solutions centre at the D2 business park in Dyce, Aberdeen.
Undeveloped North Sea oil field is potential goldmine, Hurricane says
Fresh analysis of one of the UK North Sea’s largest undeveloped oil fields has reinforced the owner’s belief that the size of the west of Shetland asset is “substantial”.
Nu-Oil announces £2.05m cash boost, but share price nosedives
NU-Oil and Gas said today it had raised £2.05million from a share placement to support its strategy of investing in stranded and marginal fields.
Premier and BP both in the speculation spotlight
North Sea operator Premier Oil is believed to be mulling potential tie-ups on the back of a new finance deal with lenders.
‘Beware of putting North Sea decom profit before full recovery’
The UK shadow energy minister has warned against profiteering from early decommissioning in the North Sea at the expense of achieving the maximum recovery of resources.
Final salary pension transfer values soar as schemes look to offload liabilities
Final salary pension transfer values grew by 15% in 2016 www.xafinity.com after sharp falls in gilt yields added to pressure on schemes to reduce their deficits.
Core’s more global outlook bears fruit
Oil and gas engineering company is reaping the rewards of its decision to develop the business internationally.
New guidance aims to help firms exploit North Sea’s small pools
Industry body Oil and Gas UK (OGUK) has published a blueprint for cutting development costs for so-called small pools in the North Sea by up to 25%.