Firms wound down after probe into oil well investments
Investors who forked out at least £1.5million on “dubious” savings products linked to Texan oil wells are not expected to get their money back.
New £1m-plus investment for cutting-edge Aberdeen engineering firm
A Scottish firm behind revolutionary technology which could make marginal oil and gas fields more viable has secured a fresh cash boost worth more than £1million.
New venture for three-times Queen’s Award winner
North-east entrepreneur Brian Gribble has launched a new venture to help Scots firms get a toehold into the United Arab Emirates (UAE).
Cash boost for Xodus Group
Xodus Group said last night it had received a £50million boost to net assets through a fresh investment from its majority shareholder, Japan’s Chiyoda Corporation.
First Oil and Gas accounts reveal slump into the red
First Oil and Gas (FOG) suffered losses of more than £30million in its last full trading year before its buyout by Zennor Petroleum.
New OGTC chief executive calls it serendipity
One of the top women in UK oil and gas was unveiled yesterday as chief executive of the new Oil and Gas Technology Centre (OGTC) in Aberdeen.
Sengs picks up new work on the back of £250k investment
North-east engineering firm SengS said yesterday it was already reaping the rewards of a £250,000 investment in its pressure testing capability.
OGA awards £20m seismic for UK North Sea
Industry regulator the Oil and Gas Authority (OGA) has awarded contracts for a second UK Government-funded £20million seismic campaign aimed at boosting North Sea exploration.
Opinion: Deals brewing in the North Sea
Exploration and production companies merging and acquiring one another usually grab the headlines and sit front of mind against the backdrop of a low oil price environment.
Ogic updates on its progress to date
The Oil and Gas Innovation Centre (Ogic) said yesterday it had co-funded investments worth a total of £1million in 17 research and development projects during the past 18 months.
Wood Group denies claim it was unwilling to “meaningfully” negotiate in North Sea dispute
Talks aimed at resolving a pay dispute involving North Sea workers have broken down.
Ineos to pump ethylene from Grangemouth to Hull
Ineos said yesterday it was investing millions of pounds to expand production at a factory that will use ethylene produced from US shale gas into Scotland as its main raw material.
Pioneering oil and gas boss ousted in Centrica’s E&P management shakeup
One of the top women in oil and gas has been ousted as part of a strategy and management shakeup at the exploration and production (E&P) arm of Centrica.
Shipping firm Clarksons delivers profits warning
Shipping services giant Clarksons warned on profits yesterday, saying its 2006 performance would be “materially lower” than last year.
Xcite wins more breathing space for Bentley
Xcite Energy has won a further stay of execution in its battle to keep funding requirements manageable amid continuing low oil prices.
Aberdeen IMC undergoes another name change
An offshore emergency response unit in Aberdeen has undergone its second rebranding in a year after a merger of businesses owned by Dubai-based holding company NM Capital.
Fraser Well Management sets up shop in Aberdeen, creates new jobs
English firm Fraser Well Management (FWM) has opened an office in Aberdeen as part of plans to broaden its UK operations and to drive expansion beyond the North Sea.
KCA Deutag records “relatively strong” 2015, despite North Sea customers curbing activity
Scottish oil and gas drilling giant KCA Deutag has reported a “relatively strong” financial performance, compared to many industry peers, despite some UK North Sea customers shutting down platform activities.
Professor Kemp marks 50 years at Aberdeen University
North Sea Alex Kemp used a celebration of his 50 years with Aberdeen University to remind guests there was still a major oil and gas bounty to plunder in UK waters.
Arnish turbine work expected to support up to 40 jobs
About 40 jobs at the Arnish yard on Lewis will be supported by a £100milion SSE wind-energy turbine contract, it emerged yesterday.
PMAC Group snaps up new business as part of £2m growth plans
Aberdeen and Singapore-based Process Measurement and Control (PMAC) Group said yesterday it had acquired north-east business Gamm@chek International as part of £2million plans to grow the business over the next two years.
Demobus takes centre-stage at HIS open days
North firm Highland Industrial Supplies (HIS) is gearing up for a major event next week, when it throws open its doors to show off some of the best welding and cutting equipment on the market.
Oil and gas industry facing new cost pressures
International efforts to crack down on tax avoidance could heap more red tape and costs on the North Sea oil and gas industry, accountancy network RSM has warned.
Mexican ambassador aims to boost Scottish oil and gas links
Mexico’s ambassador to the UK, Diego Gomez Pickering, is visiting Scotland today to discuss business opportunities between the two nations.
Plexus to tap investors to boost its balance sheet
Aberdeen firm Plexus Holdings is tapping new and existing investors for £6million in order to shore up its balance sheet.