Brent oil and FTSE 100 both enjoy market bounce
Brent oil enjoyed a better day on the markets on Wednesday despite warnings a barrel of the crude may become “cheaper than a latte”.
US oil benchmark plunges towards $4 per barrel
The world’s two leading oil price benchmarks suffered contrasting fortunes today amid ongoing supply and demand fears.
Markets on oil price tenterhooks
Brude crude oil prices were up nearly 2% at $33.49 a barrel by the London market close today as traders awaited news of a much-anticipated global production cut.
OTC postponed until third quarter
The annual Offshore Technology Conference (OTC) in the US has become the latest business event casualty of the Covid-19 pandemic.
Wood strikes £90.8m deal to offload industrial services arm
Energy services giant Wood has announced the sale of its industrial services business to technical services provider Kaefer.
Enerquip unveils its £1m expansion
Oilfield equipment firm Enerquip has unveiled a £1 million expansion to cope with growing demand for its products and services.
Nick Dalgarno: ‘Let’s not allow misinformed views to control the agenda’
With global climate change protests, declarations of climate emergency and the media hype around Greta Thunberg, there is every likelihood of some sort of attempt by protestors to target Offshore Europe and hi-jack the headlines with their agenda.
Take control of climate issue industry told
Climate change protestors may target this week’s SPE Offshore Europe event as the sector faces a “tobacco industry moment”, it was claimed last night.
New era for Rovop as former Proserv boss David Lamont takes the helm
There is a new boss at the helm of Scottish subsea robotics company Rovop today following a sudden change at the top.
Oil and gas millionaires galore on Scottish Rich List
The scale of Aberdeen's North Sea bounty over several decades is revealed in the latest Sunday Times Rich List.
Craig International deal with Spirit Energy could be worth £21m
An Aberdeen firm delivering vital services and supplies to the global offshore oil and gas industry said yesterday a new contract with Spirit Energy could be worth £21 million over seven years.
BGF makes fresh investment in Spex
The Business Growth Fund (BGF) has announced a fresh multimillion-pound investment in energy service firm Spex Group.
Airbus not expecting any surge of oil and gas industry interest
Airbus Helicopters chief executive Bruno Even said yesterday the aircraft manufacturer was not expecting a major recovery in demand from the offshore energy industry despite higher oil prices.
OPINION: Where helicopter safety is concerned, regulations matter
Helicopter safety has been big news in 2018, with passengers, community members, unions and politicians justifiably demanding that safety standards in the North Sea are kept to the highest level.
Aberdeen battles back to become top five city
Europe’s beleaguered capital of oil and gas has powered its way into the top five in a league table of the UK’s fastest-growing city economies.
MSIS looking to clean up after near-£1m injection
MSIS said yesterday it was on track to rapidly grow its share of the global oil and gas environmental services market after a near-£1million investment in expansion during its last full trading year.
Glacier’s new structure to focus on overseas growth
Scottish firm Glacier Energy Services announced a new organisational structure yesterday, saying its new set-up was more efficient and better focused on international growth.
Wood still committed to its Aberdeen roots, CEO says
Wood chief executive Robin Watson said yesterday the group still had a key role to play at the heart of a recovering north-east economy, despite it making only 5% of its revenue in the UK North Sea.
PD&MS says £10million of new deals make it a market frontrunner
A hat-trick of new contracts worth a total of £10million have created 25 jobs and put Aberdeen firm PD&MS Group into pole position in a growing market.
Algy Cluff says it’s time to reverse the shift towards gas imports
North Sea veteran Algy Cluff said yesterday the current rocky relations between the UK and Russia highlighted the dangers of Britain relying on foreign gas imports.
New owner for Xodus Group: Subsea 7 takes a majority stake in the Aberdeen firm
Xodus Group, the Aberdeen-based energy consultancy is now majority-owned by Subsea 7 following a deal struck between the two companies tonight.
Zenith Energy snaps up rig for £250k
Azerbaijan-focused Zenith Energy has struck a deal to buy a new workover rig for £250,000.
Presserv to open training centre
Corrosion specialist Presserv, of Aberdeen, is launching a training centre.
Canon deal is a Capital idea for future
If the boss of Capital Document Solutions seems even more confident than usual about the office equipment company’s future, it is with very good reason.
English firm launches new offshore division after Aberdeen acquisition
Global Marine Group (GMG), of Essex, has launched a new offshore division in Aberdeen in a further sign of growing confidence in the oil and gas industry.