A winning first year for brightsolid in Aberdeen
Scottish cloud computing and data centre partner brightsolid is celebrating the first anniversary of its £5million technology hub in Aberdeen.
Xcite Energy shares sink after company warns of bond dilemma
Xcite Energy shares dived yesterday after the company said bondholders would pursue enforcement action over their loans unless a restructuring of the financial terms hands them near-100% ownership.
Centrica confirms Canadian sell-off plan
Centrica, the UK's largest utility company, is in the process of selling all of its Canadian oil and gas assets and exiting operations in the country, a spokesman said today.
Antrim Energy gone as another North Sea firm bites the dust
The global oil and gas downturn has claimed another North Sea casualty as Canadian firm Antrim Energy follows through with a decision to voluntarily wind itself up.
Richard Irvin upbeat on prospects after slender profits in 2015
Diversified Aberdeen company Richard Irvin and Sons says its decision to seek out more business outside the north-east and the oil and gas industry is paying off.
Ogic invests more than £85,000 into new Scottish oil and gas technology R&D projects
The Oil and Gas Innovation Centre (Ogic) is investing more than £85,000 into three projects which have the potential to cut operating costs and improve efficiency in the offshore industry around the world.
Reactive technology is at the heart of a world first
Energy service firm Reactive Downhole Tools, of Aberdeen, said yesterday it had helped a major oil and gas operator achieve a new world record in the Middle East.
Polaris goes global in its quest for new business
A global approach is paying off for Aberdeenshire-based energy service firm Polaris Learning.
Subsea firms are on a mission to Mexico
UK subsea firms have begun a trade mission to Mexico.
Exclusive: Decommissioning cost breakthrough to trigger North Sea private-equity investments
A decommissioning cost breakthrough is expected to set off a wave of private-equity (PE) investments in the North Sea.
Lancaster drilling raises hopes of bigger-than-expected North Sea discovery
One of the UK North Sea’s largest undeveloped oilfields is likely to be “significantly greater” than was previously thought, it emerged yesterday.
Eland cost-cutting pays off in reduced losses
North-east company Eland Oil and Gas said yesterday it had reduced first half losses after operational cost-cutting and exchange rate gains.
Space Solutions beats North dip by branching out
Aberdeen-based workplace fit-out specialist Space Solutions has avoided a North Sea-related shortfall in its latest results by growing business in the central belt.
Augean CEO hopes for no more “bumping along at the bottom”
Augean said yesterday its Aberdeen-based North Sea services subsidiary would fall short of previous management expectations this year.
Profits plunge by 40% at Dales Marine Services
North-east company Dales Marine Services (DMS) and its parent have suffered sharp falls in their annual profits.
Speculation rife about why EnQuest and Delek ended talks over Kraken
A potential farm-out deal for one of the UK North Sea’s biggest oil prospects has collapsed.
North Sea newcomers seek advantage in changed market
Delek Group is one of a string of North Sea newcomers targeting the ageing basin in the wake of the oil price crash.
Business Growth Fund chief undaunted by oil and gas downturn
The North Sea oil and gas industry continues to offer attractive investment opportunities, Business Growth Fund (BGF) chief executive Stephen Welton said during a visit to Aberdeen.
Queen’s Award dished out to caterer Entier
Catering firm Entier was presented with a Queen’s Award for Enterprise yesterday.
Vattenfall announces EOWDC work for three north-east firms
A supply chain event for companies looking to secure work on the European Offshore Wind Deployment Centre (EOWDC) has been hailed as a “huge boost” to the north-east.
Fisher nets five-year MeyGen deal
Work on the world’s biggest tidal-energy array has taken another key step forward after marine services company James Fisher inked a five-year deal to supply operations and maintenance (O&M) expertise.
Step Change Engineering to recruit 20 new workers
Aberdeen firm Step Change Engineering (SCE) said yesterday it had won a “major” contract which cemented its ambition to become a tier two contractor in the North Sea oil and gas market.
Former oil and gas worker launches wheelie-bin business venture
Banchory woman Gillian Poskitt is among a growing army of former oil and gas workers putting the disappointment of redundancy behind them to set up their own businesses.
Bibby results highlight challenging times for oil and gas industry
Bibby Offshore continues to explore diversification opportunities after a sharp plunge in both profits and turnover.
Royal day for Flowline Specialists
Flowline Specialists has been presented with a prestigious Queen’s Award for Enterprise at its headquarters in Oldmeldrum, Aberdeenshire.