Petrofac’s shares slump more than 7%
Oil service group Petrofac was among the sharpest fallers on the FTSE 100 Index today, slumping more than 7% to £16.15 as the wider market slipped 16.1 points to 6,323.1.
Money flowing for wind power
Scotland's offshore wind developers have invested about £165million in projects around the country to date, industry figures show.
Spex has new goals in sight
Aberdeen firm Spex Group has appointed north-east entrepreneur Jamie Oag as its first chief executive.
Crown Estate could invest in sea power
The Queen's property manager said yesterday it was considering investing up to £20million in two tidal and wave-energy schemes to attract other investors.
Acsef adds oil expertise to board
Economic development partnership Aberdeen City and Shire Economic Future (Acsef) has beefed up its oil and gas expertise by appointing Centrica Energy's Paul de Leeuw to its board.
BP win worth nearly £13m a year
North-east shipping and energy service firm Craig Group said yesterday a new contract with oil giant BP was worth nearly £13million annually over three years.
Flexlife reaping benefits of surging demand for services
Flexlife has said growing demand for its subsea project and integrity-management expertise has led to a large jump in the Aberdeen company's annual turnover.
EnerMech ‘reaping rewards of significant investment’
EnerMech Group said yesterday it was reaping the rewards of significant investment in its early years, with 2012 profits likely to be nearly double those of the year before.
Health and safety awards
The hunt is on for the UK oil and gas industry's most safety-conscious workers and companies.
ITF reveals new boss
ITF has revealed the identity of its new chief executive.
Braer disaster reminder of constant need for vigilance
The 20th anniversary of a major oil spill in Scottish waters is a reminder of the need to be vigilant about environmental and safety issues in the North Sea. That was the message from Environment Secretary Richard Lochhead yesterday as he highlighted the fate of the tanker Braer, which ran aground off Shetland in January 1993. The disaster caused 85,000 tonnes of oil to pour into the sea, making it one of the world's biggest oil spills.
HES on course for further growth
North-east firm Hunting Energy Services (HES) says it is on course for further expansion just one year after a £17million office and workshop development.
Salmond hails oil and gas sector
First Minister Alex Salmond delivered a message of optimism for the North Sea yesterday, calling the oil and gas sector "a sunrise industry".
Hydrasun sees rise in revenues
Aberdeen-based Hydrasun saw a jump in turnover to £84.24million during the year to March 31, 2012 - up from £64.65million in 2010-11.
Deal strengthens drill firm in south-east Asia
Aberdeen-based drilling giant KCA Deutag said yesterday it had won a "strategic" new contract, worth up to £31million, for work off the coast of Burma.
North’s lead role in green energy hailed
The Highlands' lead in Scotland's renewable-energy industry was recognised last night at a sellout event celebrating the sector.
£18.6m BP contract for Subsea 7
Subsea 7 said yesterday it had been awarded an £18.6million contract by oil giant BP to support the redevelopment of its Schiehallion field, 108 miles west of Shetland.
Emec helping develop renewables site in Taiwan
The European Marine Energy Centre (Emec) in Orkney said yesterday it was to help develop a renewables technology test site in Taiwan.
Expro pours £5m into new Aberdeen site
International oilfield service firm Expro said yesterday it had invested about £5million on a new base in Aberdeen for its growing well-intervention business.
Oil giant extends deal with Technip
Energy service giant Technip said yesterday it had secured a four-year extension to a contract with BP in the UK North Sea.
ATR adds to team
Energy service company ATR has appointed Bob Forbes and David McKendrick as chairman and sales and marketing director respectively.
Rigmar to use Tay wharf for rig upgrading
Aberdeen firm Rigmar Services has bought a majority stake in one of Dundee's oldest fabrication companies, Riverside Engineering, in a six-figure deal.
First Oil grows reserves by 18%
Aberdeen firm First Oil said yesterday it was still the largest, private, UK-owned company producing oil and gas in the North Sea.
Taqa lines up banks for bond fundraising
North Sea oil firm Taqa has hired five banks to arrange investor meetings ahead of a potential "benchmark" bond sale, according to the banks.
Plexus making major inroads
Oilfield technology firm Plexus Holdings says it expects to benefit from the energy industry's move into "ever-more-complex environments".