North Sea developers Xcite boosted after returning to profit
Heavy oil appraisal and development company Xcite Energy toasted a year of progress on many fronts yesterday as it reported a swing into the black.
Renewables make record contribution to Scots energy demands, new figures show
A record amount of electricity was generated by green energy projects around Scotland during 2013, official figures show.
Staff added as Axis eyes expansion
Aberdeen company Axis Well Technology said yesterday it had recruited 10 people since the start of the year and planned to take on 30 more as part of its international expansion.
Optimus tie-up boosts presence in Malaysia
Aberdeenshire safety consultancy Optimus Seventh Generation said yesterday it expected a new tie-up with a Malaysian business to create 10 jobs.
Howco create 67 oil engineering jobs
Scottish oil and gas service company Howco Group is taking on 67 new workers at its Ayrshire engineering division, it was announced yesterday.
Police Scotland’s North Sea work benefiting from energy experience
Police Scotland is reaping “tremendous benefits” from having oil and gas industry expertise at the heart of its operations in the North Sea, an inspector said yesterday.
Decom North Sea boss honoured at Offshore Achievement Awards
Oil and gas industry veteran Brian Nixon was recognised for his contribution to the energy sector at last night’s Scottish Offshore Achievement Awards.
Cape defies market with return to profit
Industrial service group Cape said yesterday it was back in the black in 2013, helped by a strong performance in a flat market for oil and gas work in the UK North Sea.
Budget 2014: SCDI’s message to unlock Scotland’s potential
Support for Sir Ian Wood’s plan to galvanise investment in the North Sea topped an influential Scottish business group’s Budget day wishlist.
James Fisher launches £3.7m raid for covert operations firm
Marine service group James Fisher and Sons has dipped back into its acquisitions war chest to buy a Swedish firm specialising in equipment for James Bond-style covert operations.
£1.8m payday for ex-BP boss Tony Hayward
Former BP boss Tony Hayward earned a bonus of nearly £1million from his day job during 2013, it emerged yesterday.
Strong uptake from Scots firms as countdown begins to OTC 2014
Oil industry travel expert Munro's Travel has reported unprecedented demand from clients planning to attend the world's top energy show.
Ramco snaps up Norwegian technology firm
North-east company Ramco Tubular Services (RTS) has snapped up Norway’s Pipetech International in a multimillion-pound deal.
Aberdeen conference turns spotlight on shale gas reservoirs
New technologies designed to support the development of shale gas reservoirs in the UK will be on display at Unconventional Gas Aberdeen 2014 next week.
Cape boosted after buying up Motherwell Bridge
Shares in Cape surged 8% yesterday after the industrial service group said it had acquired Scottish engineer Motherwell Bridge in a deal worth £37.7million.
Technip to take major role in Peterhead CCS project after landing engineering deal
French energy service giant Technip said yesterday it had won the contract from Shell UK to deliver key services needed for the new gas-fired carbon capture and storage (CCS) plant planned for Peterhead.
New lighting system for offshore helidecks in wake of Super Puma crash
North Sea oil and gas firms are introducing new helideck lighting systems which will become mandatory for all offshore installations from March 2018.
Weir Group predicts growth following increase in customer spending
Scottish engineer Weir Group expects to return to growth this year by capitalising on an increase in its oil and gas customers' upstream spending.
Changes at Taqa as CEO leaves
Middle East oil firm Taqa announced a change at the top yesterday, saying Carl Sheldon was quitting the chief executive’s role he has held for six years.
Apache in ‘serious discussions’ with potential buyers
North Sea oil firm Apache has had “serious discussions” with potential buyers, its boss said yesterday.
New projects vital for North Sea longevity, warn industry bosses
North Sea oil and gas is at a crossroads and record investment levels will plummet by half if nothing is done to help new projects get started, industry bosses have warned.
Divex hoping for US new military business
North-east diving and subsea equipment specialist Divex said yesterdaymon a new joint venture with US military supply firm Chase Supply could lead to new military business in the US.
EPM scoop £4.2m deal
US company Emerson Process Management (EPM) has won a £4.2million contract to train people how to use a control and safety system it is also supplying for the Quad 204 deepwater project west of Shetland.
Award for offshore support vessel pioneer
The man who designed the prototype for many of the offshore support vessels working in the North Sea has been given a lifetime achievement award.
Muehlhan set for £4m expansion
Aberdeen firm Muehlhan Surface Protection (MSP) is gearing up for expansion after securing lending facilities worth nearly £4million from Clydesdale Bank.