Founder Richard Yemm named new Pelamis CEO
Scottish green-energy technology company Pelamis Wave Power (PWP) said yesterday its founder, Richard Yemm, had become chief executive.
Taqa deal for BP’s North Sea assets complete
Middle East oil firm Taqa has completed the acquisition of assets in the UK North Sea from BP.
Trinity drives up profits with overseas deals
Offshore catering firm Trinity International Services said yesterday new business in South Korea, Singapore, Spain and Norway boosted revenue in its last financial year.
Survivex targets global growth after cash boost
Offshore survival training specialist Survivex of Aberdeen said yesterday it was poised for major global expansion.
University of Highlands and Islands to collaborate with Crown over renewables developments
The Crown Estate and the University of Highlands and Islands (UHI) have struck a deal to work together to help people in the north benefit from green-energy developments.
Business Growth Fund takes £6m stake in Petrotechnics
The Business Growth Fund (BGF) has invested £6million in Petrotechnics, taking a minority stake in the Aberdeen oil and gas technology firm.
Expro ‘in good shape’ for swift return to black
Expro's finance director said yesterday the Aberdeen-based oilfield service group was in good shape for a swift return to profitability after a strong 2012-13 performance.
Well services in UK worth record £1.9bn
Firms delivering well services in the UK North Sea generated record gross revenue of £1.9billion in 2012, a survey has found.
Parkmead makes £14.5m acquisition of Lochard Energy
North Sea oil firm Lochard Energy is being acquired by Aberdeen-based Parkmead Group in an all-share deal worth £14.5milion, the companies announced yesterday.
Sir Bill Gammell re-elected Cairn chairman despite protest
A ballot on the re-election of Cairn Energy chairman Sir Bill Gammell resulted in nearly 6% of investor votes rejecting the move yesterday.
Harlen’s revenue rockets by £4.7m
Aberdeen fabrication and engineering firm Harlen Fabrication says it has seen revenue soar by £4.7million since investing heavily in its facilities and growing its workforce.
Energy Ball launch has all the right ingredients for success
A cooking speed challenge in Aberdeen set no records but it did leave everyone hungry for the Press and Journal Energy Ball.
Impact of new rules leaves US energy firms worried over costs
US oil and gas bosses are losing their appetite for risk and are worried about rising operating costs as they grapple with the consequences of a tougher, post-Macondo regulatory regime, according to new research.
Network to smooth energy switch from military
An ex-Army officer has launched a pioneering north-east initiative aimed at smoothing the path for former military personnel looking to transfer their skills into the energy industry.
QTEC kicks off 2013 with wins
Oil and gas service firm QTEC said yesterday it had started 2013 positively by securing a string of new contracts.
Archer needs scores of staff
Global oilfield service firm Archer said yesterday growing demand for its services meant it needed more than 220 new workers for its North Sea operations.
NorSea base deal with port will lead to jobs in far north
Norway's NorSea Group said yesterday a deal struck with Scrabster Harbour Trust (SHT) would lead to "major" investment and jobs in Caithness.
Aramark hails £27m Total award
Foodservice and facility-management firm Aramark said yesterday it had won one of the biggest North Sea contracts in its sector, a £27million deal with Total.
Scots oil and gas sector ‘attractive’
Industrial-machinery giant Siemens is always on the lookout for acquisition opportunities in the Scottish oil and gas industry, one of its senior bosses said yesterday.
Upturn in UK drilling expected
Strong oil prices and tax incentives are expected to drive a swift return to North Sea drilling and deals growth after a "muted" start to the year, according to a new report.
Hunting shareholders’ disquiet at top pay deals
Energy service group Hunting faced a revolt over its latest remuneration report yesterday.
Banks ‘key to unlocking oil investment’
Banks have a key role in helping to unlock billions of pounds of extra oil and gas industry investment, a leading lawyer said yesterday.
Reports outline questions for debate
Three new reports from the Scottish Council for Development and Industry (SCDI) contain plenty of questions but no answers on the thorny issue of Scottish independence.
Embrion on move after growth surge
A north-east oil and gas consultant has moved from Aberdeen to new offices at nearby Westhill after hitting its 2015 turnover target two years early.
US selloff focusing Ashtead Technology on offshore arm
North-east company Ashtead Technology said yesterday it was focusing more on offshore work after the sale of its North American instrumentation business to a US firm.