Investors buoyed by Subsea 7’s Q3 performance
Energy services firm Subsea saw its share price surge more than 5% in Oslo today after forecast-busting third quarter results.
It’s not too early to start getting ready for OTC 2017
Firms across the North Sea oil and gas industry are already marking their diaries and making plans for the Offshore Technology Conference (OTC) 2017 in Houston, in the US.
Premier Oil shares nosedive amid refinancing gossip
North Sea operator Premier Oil saw tens of millions pounds wiped off its market value yesterday amid speculation suggesting some of its lenders were baling out.
Scottish green energy centres replicate Orkney sea conditions in Edinburgh
Two of the world’s top sea-energy test centres say they have successfully replicated the wild ocean environment of Orkney in Edinburgh.
Aberdeen firm EnerMech announces £85m of new work
Aberdeen oil and gas engineering firm EnerMech said yesterday its cranes and lifting division had enjoyed an £85million boost from contract wins, extensions and renewals.
EnQuest says Scolty and Crathes ahead of schedule and under budget
First oil from two UK North Sea fields is on track to arrive sooner than expected.
Losses widen at Axis Well Technology
Axis Well Technology Group said it performed “satisfactorily” during its 2015/16 trading year, despite a substantial widening of losses on lower turnover.
CNR says UK North Sea is now a better place to invest
Canadian Natural Resources (CNR) said yesterday favourable UK tax changes had improved investment viability in the North Sea.
Airbus stays silent on Super Puma claims
Airbus Helicopters said yesterday it would not comment on “anonymous and unverified information” after a newspaper reported its North Sea Super Pumas may suffer from a design flaw.
Hunting raises nearly £80m from share sale
International oilfield service firm Hunting said yesterday it had raised about £71million by selling new shares in a move aimed at reducing its debt pile.
North Sea production rose during three months to August
Official figures published yesterday reveal mixed fortunes for traditional fossil fuel and wind-energy output in the UK.
Property expert says weaker pound can help to revive Aberdeen’s fortunes
The plunge in the value of the pound can help to restore the fortunes of Aberdeen’s commercial property market, an expert said yesterday.
Braemar reacts to oil price as first half operating profits slide
A downturn in oil and gas exploration has prompted a reorganisation of the technical arm of Braemar Shipping Services (BSS).
Apache North Sea sinks into the red after huge write-off
A £337million write-off on the value of its assets plunged Apache North Sea (ANS) into the red in 2015.
Sparrows counts the cost of oil and gas industry turmoil
Aberdeen crane engineering company Sparrows Group said yesterday it suffered a “modest” drop in turnover to £200.5million in 2015.
SPE president spells out why fracking is “part of the solution”
One of the world’s top oil and gas engineers delivered a robust case for fracking during his latest visit to Aberdeen.
Optimus cutting ties with Thailand
Engineering consultancy Optimus (Aberdeen) is winding down its operations in Thailand.
Aberdeen firm Centrifuges Un-limited poised for overseas growth after MBO
Aberdonian entrepreneur Jim Shiach has tightened his grip on energy services company Centrifuges Un-limited.
Altus figures are down but the company hails a “resilient” trading performance
North-east oil and gas services firm Altus Intervention has hailed its “resilient” performance in a troubled global market.
Are offshore windfarms ‘Britain’s new oil boom’?
Offshore green-energy projects worth a total of £210billion are an “unmissable opportunity” for Scotland’s oil and gas industry, a flagship centre for UK offshore renewables innovation and research said yesterday.
Acteon boss spells out impact of market downturn
Acteon Group, the parent of subsea service firms operating globally from locations including Aberdeen, took a financial pounding in 2015 and it has predicted more turnover woe this year.
Is Aberdeen’s downturn-hit hotel market staging a recovery?
New hotel trade figures suggest accommodation providers in Aberdeen are seeing a recovery in the market.
Peterhead Port bosses reveal £30m contract for upgrade work
Peterhead harbour’s £50million upgrade moved a big step forward yesterday, with port bosses announcing a £30million-plus contract for the project.
Ardyne hires big-hitter from Baker Hughes
Fledgling energy service company Ardyne, of Aberdeen, has lured oil and gas industry-heavyweight Jochem Scherpenisse from Baker Hughes.
Stats looks to the east after work on crucial pipeline to Hong Kong
Aberdeenshire firm Stats Group is targeting new business in the Far East after helping to fix a 485-mile pipeline delivering gas to Hong Kong.