Opinion: Professor Kemp highlights reasons to be cheerful in global oil and gas
For the world oil and gas upstream oil and gas sector, there is scope for guarded optimism in 2017.
Rovop on the mend after loss of key customer
North-east firm Rovop, which specialises in all aspects of subsea remotely-operated vehicles, has reported confidence in its prospects as it strives to diversify.
WoodMac says global oil and gas investment decline to end this year
Investment in global upstream oil and gas projects will grow this year for the first time since crude prices tumbled in 2014, a new report says.
Aberdeen airport passenger figures down 12% in 2016 amid oil downturn
A total of 3.1million passengers passed through Aberdeen International Airport (AIA) during 2016, 12.2% fewer than the year before, new figures show.
Globalisation strategy paying off for Flexlife
Energy service company Flexlife, of Aberdeen, said yesterday it was starting to reap the dividends from cost-cutting and its globalisation strategy.
Serica upbeat on North Sea drilling prospects
Oil and gas firm Serica Energy is expecting a sea-change in industry attitudes towards exploration spending in the North Sea.
Wave energy projects boost
Technology development body Wave Energy Scotland (WES) said yesterday it had awarded grants worth a total of £3million to 10 wave-energy projects.
Bristow Helicopters posts losses of more than £25m
North Sea helicopter operator Bristow Helicopters said yesterday it had worked hard to “secure its position” during a difficult year.
Aberdeen firm Petrotechnics reports underlying growth
Oil and gas technology firm Petrotechnics, of Aberdeen, said yesterday its efforts to diversify were driving growth.
Prodrill MD says North Sea industry needs to retain skills
The boss of an Aberdeen firm specialising in the supply of manpower to oil and gas firms said yesterday “competency and skills” were key to securing the long-term future of the UK offshore industry.
Schlumberger snaps up PWS for an undisclosed sum
Oil and gas industry downhole tool firm Peak Well Systems (PWS) is under new ownership after a takeover by US energy services giant Schlumberger.
World oil and gas industry faces rig overload in 2017
The global oil and gas industry is facing a glut of new-build assets with no contracts in place for their use, the boss of an Aberdeen-based energy service firm has warned.
Most experts put the average Brent price in 2017 in the $50-60 per barrel range
A new poll of oil market experts has found they expect the price of a barrel of Brent crude to gradually rise towards $60 per barrel by the end of 2017, from an average of about $45 this year.
Oil capital suffers biggest fall in UK house values
Aberdeen is the biggest faller in a leading lender’s review of UK house prices in 2016.
Premier still working on new finance package
North Sea operator Premier Oil announced a further deferral of lenders’ covenant tests yesterday as it continues to negotiate a refinancing.
Dana Petroleum bails out of Faroe as Israelis build up their stake in the North Sea
Israel’s Delek Group has taken a 13.18% stake in Aberdeen firm Faroe Petroleum after a £42.77million Christmas shopping splurge to boost its North Sea presence.
RockRose seals the deal for North Sea fields
London-listed RockRose Energy said yesterday it had signed an agreement with Maersk Oil North Sea UK to acquire non-operated stakes in the Wytch Farm (7.43%), Scott (5.16%)and Telford (2.36%) fields.
US company Premier Oilfield Laboratories swoops to buy Aberdeen firm Corex UK
Corex UK, an Aberdeen company founded more than 40 years ago to provide analysis of geological samples for the oil and gas industry, is now under US ownership.
Hydrasun’s CEO cautiously optimistic about industry’s prospects
The boss of energy service company Hydrasun said yesterday he was seeing signs of a long-awaited improvement in fortunes for the beleaguered oil and gas sector.
Subsea Expo 2017 is ‘ideal platform’ for the industry to plot a brighter future
Industry body Subsea UK is urging firms to embrace the “new norm” in order to safeguard their future.
Ashstead snaps up TES in deal
North-east subsea equipment rental, sales and services firm Ashtead Technology said yesterday it had snapped up a Middle East company to grow its business in the region.
Cyberhawk welcomes new drones safety focus
Scottish drone technology market leader Cyberhawk Innovations has welcomed a new UK Government consultation on safety amid growing concerns for aircraft.
Mackie’s solar farm creates enough power to make 3.3million litres of ice cream
A solar farm at Mackie’s of Scotland generated enough power to make more than 725,000 gallons of the Aberdeenshire dairy firm’s ice-cream during the first year of green-energy production.
Scotland’s economy grows despite sluggish oil sector
Royal Bank of Scotland (RBS) says Scotland’s economy continues to improve, apart from the oil and gas downturn-hit north-east.
Quensh in growth mode with new contract from Premier Oil
North-east firm Quensh Specialists has expanded its team, thanks to a new contract secured with North Sea operator Premier Oil.