BP delivers economic blow to Shetland
BP has axed a £500million project which would have created hundreds of jobs and delivered a significant economic boost for Shetland.
UK oil and gas job losses reach 120,000
An estimated 120,000 jobs will have been lost by the end of this year as a result of the collapse in fortunes of the UK offshore oil and gas industry.
Deloitte survey findings highlight North Sea’s evolution
Deloitte has predicted a rise in North Sea infrastructure deals this year, with private-equity playing a growing role.
Private equity-backed infrastructure deals are good for everyone in the North Sea
There are deals brewing in the North Sea.
Sikorsky helicopters fly into void left by Super Puma
North Sea helicopter operator Babcock has taken delivery of two new Sikorsky S-92 helicopters after Super Pumas were grounded in the wake of the fatal crash off Norway.
Big hitters on board at new firm Ardyne
Energy service firm Ardyne said yesterday it had recruited oil and gas veterans to help it achieve its “ambitious” growth plans.
North-east car sales hit by economic downturn
New car sales in the Grampian area plunged by more than 10% during May in a further sign of a troubled north-east economy.
FRE’s Aberdeenshire turbines ready to start earning
Green-energy firm Future Renewables Eco (FRE) said yesterday it had completed the installation of three wind turbines in Aberdeenshire as part of multimillion-pound plans to roll-out investment “opportunities” across Scotland.
WoodMac boss to deliver key speech at OGUK conference
UK North Sea strengths, weaknesses, opportunities and threats will be outlined by one of the key speakers at the annual Oil and Gas UK (OGUK) conference in Aberdeen next week.
Report suggests Shell may be about to reveal more cost-cutting
Oil giant Shell may be about to announce further cost cutting and a possible delay to its plans to offload assets, a report said yesterday.
Trinity has its eye on international opportunities
Offshore catering firm Trinity International Services, of Aberdeen, is looking to new opportunities overseas to bolster performance after a large jump in profits and turnover.
Online Valves presented with its Queen’s Award for Enterprise
The Lord-Lieutenant of Aberdeenshire, James Ingleby, has presented north-east company Online Valves with its Queen’s Award for Enterprise.
The end of the road for SeaEnergy
Administration and a near-£2million disposal of its most valuable asset, Return to Scene (R2S), have brought the curtain down on north-east company SeaEnergy.
SeaEnergy founder “devastated”
The founder of SeaEnergy, Steve Remp, said the group’s demise was a “sad day” for everyone who has been involved with it over the years.
JWF has new overseas markets in its sights after Swinton tie-up
Oil and gas engineering firm JWF is eyeing export growth after creating a joint-venture with an English technology company.
Expro sheds 900 jobs in a year amid oil price turmoil
International oilfield service group Expro is operating with about 900 fewer people than a year ago after an “aggressive” drive to cut costs, one of its top bosses said yesterday.
Lord Cullen makes north-east return
A well-drilled emergency response is all the more vital in a changing economic climate for North Sea oil and gas, the judge who led the inquiry into the Piper Alpha disaster said yesterday.
Well-Centric invests £300,000 in workshop expansion
Aberdeen firm Well-Centric Oilfield Services has completed a £300,000 upgrade of its workshop facilities in Wellheads Industrial Estate, Dyce.
Rovop seals deals worth £3million
Rovop, which specialises in all aspects of subsea remotely-operated vehicles, is celebrating £3million-worth of new contracts and expansion into new markets.
More North Sea firms borrowing against their assets
Asset-rich North Sea businesses are turning to alternative methods of funding their ongoing operations as their market continues to prove challenging, according to lawyers at HBJ Gateley.
Global exploration drilling down by nearly three-quarters on 2014
Global exploration drilling during 2016 is forecast to be down by 73% on the 2014 level, with discovered oil volumes hitting their lowest point this decade.
WES and Emec join forces to lessons from the past
Wave Energy Scotland (WES) and the European Marine Energy Centre (Emec) have teamed up for research which aims to capture the “wealth of knowledge and experience” gained from testing marine renewables devices around Orkney.
Chamber boss sees some “shards of light”
The latest Aberdeen and Grampian Chamber of Commerce (AGCC)/Fraser of Allander Oil and Gas Survey is the first since Russell Borthwick became AGCC chief executive earlier this year.
Oil and gas firms “unfazed” by EU referendum
A majority of the 126 companies which responded to the survey were unperturbed – or perhaps disinterested – about the looming in-out vote on the UK’s continued membership of the European Union.
Nobel Oil Downstream celebrates new Romanian investment
Nobel Oil Downstream, the retail arm of UK-registered Nobel Oil Services (NOS), has opened its second petrol station in Romania.