Oil expert Alex Kemp gives his verdict on the latest North Sea news
Oil and gas expert Alex Kemp said BP's announcement about Kinnoull was a much-needed boost for the North Sea industry.
Chamber calls for oil and gas tax rate cut in Autumn Statement
Aberdeen and Grampian Chamber of Commerce (AGCC) has urged the chancellor to cut the tax rate for the oil and gas industry in his Autumn Statement.
BP announces Kinnoull start-up but it’s bad news for BG Group’s Jackdaw project
The North Sea will soon produce an extra 45,000 barrels of oil a day after start-up on the £700million Kinnoull field, BP chief executive Bob Dudley has announced.
Petrofac wins £74m North Sea contract
Energy service giant Petrofac said yesterday it had won a new contract worth more than £74million for work in the central UK North Sea.
DNV GL launches new subsea section in Aberdeen
Global risk management group DNV GL has set up a new subsea team in Aberdeen to grab a slice of a market expected to quadruple in size by 2020. The Norwegian company, which has Scottish offices in Aberdeen, Edinburgh and Glasgow, wants a share of the £85billion annual revenue the subsea industry is expected to generate around the world by the end of the decade.
North Sea firms “biding time” during period of transition
Oil and gas firms may be sitting on new investment decisions until the future of the North Sea becomes clearer, according to a new report from business adviser Deloitte.
Xodus and partners aiming for 10% of global subsea market
Aberdeen energy service firm Xodus Group has teamed up with Japan’s Chiyoda Corporation and Italy’s Saipem to create what is hoped will become a global oil and gas subsea giant.
North-east businesswomen say gender gap is closing
North-east businesswoman Sharon Tierney said scantily-clad women at oil and gas shows give out the wrong message.
SPE members demand “poster girl” cover-up
An industry body has been asked by its members to put an end to scantily-clad "poster girls" at big oil and gas events.
Time for subsea stars to shine
The hunt is on for the next winners of the Subsea UK Awards.
Services firm to launch response vessels
Shipping and energy service firm Craig Group yesterday announced the launch of two new emergency response and rescue vessels (ERRVs). They are part of a £70million fleet investment by the family-owned Aberdeen company’s North Star Shipping (NSS) business.
Beginning of ‘exciting chapter’ in North Sea history
The challenges and opportunities of North Sea decommissioning come under the spotlight at a three-day conference getting under way in St Andrews tonight.
Apache pours cold water on talk of North Sea sell-off
US oil firm Apache insisted tonight it has no plans to quit the UK North Sea, where it continues to invest heavily.
Aberdeen in the centre of energy service takeovers
Energy service firms were at the heart of a flurry of takeovers yesterday, with two of the deals involving Aberdeen.
Helicopter groundings cost firm £3.7million
Helicopter groundings and other one-off costs cost Bond Offshore Helicopters more than £3.7million in 2013, it emerged yesterday.
DeepOcean UK expands its operation
Subsea service and technology company DeepOcean UK is beefing up its presence and moving into new offices in Westhill, near Aberdeen, as it chases more North Sea work.
Penspen snaps up DPS’s engineering arm
Energy service firm Penspen said yesterday it had acquired the engineering division of the DPS group of companies.
Copter firm sees education as ‘bedrock’ of innovation
Subjects such as science, technology, engineering and mathematics are the “bedrock” for innovation in business and industry, according to helicopter firm AgustaWestland. The Anglo-Italian company said education was key to it meeting the aircraft needs of commercial and military customers around the world.
New boss for Equalizer International
Aberdeen energy service company Equalizer International has promoted engineering director John Morgan to the post of managing director.
New team set up to drive forward UK subsea sector
A drive to boost the UK's oil and gas subsea sector has taken a major step forward.
Sir Ian spells out his view on the North Sea’s future
Sir Ian Wood sought to clarify his views on how much oil is left in the North Sea at awards ceremony in Aberdeen last night.
Aberdeen oil and gas firm makes new discovery
Aberdeen oil and gas explorer Parkmead Group announced a new discovery yesterday.
Augean puts stormy sea swells behind it
Waste-management giant Augean said yesterday its energy service arm had weathered the storm of the worst North Sea storms in more than 30 years to deliver improved profits.
Utec’s profits soared before takeover
The Utec group of companies, which provide survey services in energy and other markets, enjoyed a 51% jump in profits in their last full trading year before being taken over.
Well-Centric poised for transformation, boss says
Aberdeen energy service firm Well-Centric Oilfield Services expects 30% year-on-year growth to lead to 35 new jobs between now and 2018.