Chamber survey highlights “political uncertainty” for oil and gas industry
The Scottish independence referendum campaign is impacting on the plans of nearly half of the UK’s oil and gas industry, a study has found.
Motive pumps £400,000 in fleet upgrades
Aberdeenshire marine equipment specialist Motive Offshore has announced an investment of more than £400,000 in its subsea equipment to achieve industry standards.
Trap aims to profit from £60million-plus swoop on North Sea
Trap Oil Group (Trapoil) aims to cash in on a £60million-plus private-equity swoop on the North Sea.
Absoft cuts 22 jobs during oil and gas restructure
Aberdeen firm Absoft has axed 22 jobs in a restructuring of the business to focus on oil and gas industry work.
Maersk Oil gets development go-ahead
Maersk Oil UK has been given UK Government approval to develop the North Sea Flyndre and Cawdor fields.
Maiden event to link Aberdeen and Stavanger
Only a few tickets remain for a new event linking Europe's energy capital with its Norwegian rival.
Aggreko powers up Brazil in run-up to World Cup
The 2014 Fifa World Cup is just weeks away and television viewers around the globe are relying on Scottish involvement to make the feast of football unforgettable.
Danny Alexander joins Oil & Gas UK’s speaker line-up
Chief Treasury Secretary Danny Alexander is the latest political heavyweight to be named as a speaker at trade body Oil and Gas UK (OGUK)’s first annual conference.
Aubin Group makes senior appointment to drive growth
Chemical technology specialist Aubin Group has appointed Katy Gifford as chief financial officer to strengthen its management team and help drive the future growth of the company.
All-Energy suffers fall in attendance
The annual All-Energy show suffered a sharp fall in attendance in its final visit to Aberdeen before a controversial move to Glasgow. A total of 6,875 people attended the two-day renewable-energy event at Aberdeen Exhibition and Conference Centre this week. This was down from last year’s total of 7,687 and more than 8,000 visitors in 2012. All-Energy conference director Judith Patten said: “Yes, the figure is lower. “Shows reflect what is happening in the industry they serve; and the renewables industry is – as was made clear in many presentations – coping with changing policy.
All-Energy organisers discuss move
All-Energy organisers claim it is the “ability to connect the UK supply chain” firms taking part in the event to new contacts which lies behind them quitting Aberdeen.
New wave energy device at salmon farm
A new wave-energy device, created by Scottish company AlbaTERN, is in place at a salmon farm off the Inner Hebridean island of Muck.
Nautricity given green light for tidal schemes
Marine Scotland has given consent for the deployment of the first Contra Rotating Marine Turbine (CoRMaT) device, which is said to be capable of generating enough electricity to supply 400 homes. In addition, Argyll and Bute Council has approved the construction of an onshore sub-station that will connect the array to the National Grid. Glasgow-based Nautricity is only the fourth firm to be granted full permission to deploy tidal devices in Scottish waters, having already received consent from the Crown Estate and network operator SSE. Work on the onshore connection is expected to start later this year, with the devices being deployed in the water in early 2015.
Industry leaders disappointed in All-Energy move
Aberdeen’s loss of a major annual conference to Glasgow was both a surprise and a disappointment to the north-east business community.
All-Energy ditches Aberdeen for Glasgow
The UK’s largest renewable-energy show is moving from Aberdeen to Glasgow for three years.
All-Energy kicks-off today with “dream team” line-up
All-Energy 2014 gets under way at Aberdeen Exhibition and Conference Centre today.
Taqa confirms UK job cuts despite big rise in global profits
A North Sea oil firm is making job cuts in a “consolidation” of the business, despite the Middle Eastern parent more than doubling first quarter profits.
Family support key to keeping staff in Aberdeen
Looking after the families of international workers could hold the key to keeping staff in the north-east energy industry, according to Network Aberdeen. An estimated 20% of UK oil and gas professionals are recruited from overseas, helping to plug a chronic skills gap. Network Aberdeen works with oil and gas companies to support these workers and their families.
Pro-Palestine campaigners protest Wood Group’s AGM
Aberdeen firm Wood Group faced angry protests over its involvement in Israel as investors gathered for its annual meeting. More than 30 pro-Palestine campaigners from across Scotland congregated outside the energy service giant’s Granite City headquarters in Justice Mill Lane. Four more attended the AGM, having bought shares in the company a few months ago.
Keiller upbeat about trading outlook
Boardroom changes at Wood Group herald another important stage in the Aberdeen-based energy service giant’s evolution, says boss Bob Keiller. Speaking after the firm’s latest interim management statement (IMS) and an annual general meeting targeted by pro-Palestine campaigners, Mr Keiller said he was optimistic about the prospects for 2014.
Oil fund “revelations” documented in 2011
“Revelations” about a secret 1977 paper proving the UK Government snubbed the idea of an oil fund are not so new.
AIM listed firms suffer shares slump
Oil and gas companies listed on the alternative investment market (AIM) in London suffered a 15% slump in value in the first quarter of 2014, new figures show.
ESS appoints new soil expert
Subsea engineering specialist Ecosse Subsea Systems (ESS) has appointed its first technical director as it gears up for further growth.
Wellhead fatigue assessments under investigation
A second phase of a joint industry project (JIP) has been launched to improve the way wellhead fatigue assessments are carried out in the oil and gas industry.
Blaze Manufacturing moves to new HQ after landing £15million of contracts
A specialist north-east oil and gas industry fire safety protection company has relocated its headquarters to new premises at Laurencekirk after securing new contracts worth £15million.