Oil industry ‘creates widespread benefits’
North Sea oil and gas creates widespread benefits for the UK commercial-property market, according to a new report from Jones Lang LaSalle (JLL).
AAR bid to exit venture
The billionaires who co-own Russian oil venture TNK-BP and want to buy out partner BP have told the UK company they would rather sell their half of the £31billion business than end up in a devalued partnership with state-backed rival bidder Rosneft.
Energy firm sponsors course
Energy firm GDF Suez Exploration and Production (E&P) UK is sponsoring a course at Aberdeen University to boost oil and gas education.
Top IoD accolade for Ace Winches chief
The north-east's Alfie Cheyne has beaten impressive competition to be crowned global director of the year by one of the UK's top business organisations.
Energy titles up for grabs as leading lights gather for big night
The leading lights in the north's energy industry are vying for the honours in a prestigious awards event this week.
Profits drop for ITS
International Tubular Services, a division of Aberdeen-based international oil services firm ITS Group, has reported a slight drop in profits.
Deliver ‘more from less’
An oil and gas industry gathering being held in Aberdeen next month will focus on ways to deliver "more for less" from producing fields.
Archer adding at least 80 to North Sea crew
Global oilfield service company Archer said yesterday a renewed contract for Marathon Oil was creating at least 80 jobs within its Aberdeen operations.
Caerus planning major recruitment drive
Oil and gas upstream recruitment specialist Caerus Resources is aiming for further growth after moving to premises at Banchory Business Centre about four times the size of its previous Aberdeen site.
Cairn sells down stake in Indian energy firm
Scottish oil explorer Cairn Energy said yesterday it had raised more than £560million by selling a further 8% stake in Cairn India, which it previously owned.
Pressing need to find new oil and gas sources
Cairn Energy's director of corporate affairs, David Nisbet, sets out the firm's position on controversial Arctic exploration
Proserv boss is well travelled
Proserv's boss has literally come a long way since he graduated in 1982 with a mechanical engineering degree from an Australian university.
Maritime Developments aims to be better by half
Peterhead firm Maritime Developments aims to grow its workforce by 50% next year after extending its premises and appointing an operations director.
Wood adding shale expert
Wood Group said yesterday it had acquired US firm Mitchell's Oil Field Services for an initial £83million, extending its reach into North America's booming shale industry.
Xcite slides despite well update
Xcite Energy's shares slumped more than 17% yesterday despite the Aberdeen-based heavy-oil explorer celebrating better-than-expected well-test results from its Bentley field.
BP in talks over Texas refinery sale
BP is reportedly in talks to sell its 400,780 barrels per day (bpd) Texas City, Texas, refinery to Marathon Petroleum. It is though the plant's sale could fetch up to £1.5billion.
Rosneft in debt raising talks
Russian state oil firm Rosneft is talking to banks about raising £9.25billion in debt financing as it inches towards a deal to buy BP's 50% stake in Anglo-Russian oil venture TNK-BP, bankers said yesterday.
Acteon paid £11.8million for NCS holding
Acteon Group paid £11.8million for its 80% stake in Aberdeen firm NCS Survey in May last year, it emerged yesterday.
Bridge Energy says time now right for UK listing
North Sea oil and gas exploration and production company Bridge Energy said yesterday it was targeting a UK stock market listing on September 27.
Aker hosting technology showcase
New technologies aimed at helping the subsea industry overcome the many challenges it faces go on show in Aberdeen next month.
£15m turbine boost
Bosses at a division of Aberdeen-based energy service giant Wood Group are celebrating a £15million contract to design and build a 75-megawatt gas turbine near Houston in America.
Chamber breakfast should whet appetite
This week's World Heavy Oil Congress in Aberdeen is the latest in a biennial series.
Southern North Sea boost for BIS Salamis
Aberdeen-based industrial services provider BIS Salamis said yesterday it had achieved strong growth in business in the southern North Sea (SNS), with annual turnover from the area up by 30% to £30million.
Course on dealing with offshore flashpoints
Crisis-management specialist Altor Risk Group has launched a three-day training course aimed at teaching workers how to handle flashpoint situations offshore. The new course, led by former police negotiators, covers areas such as suicide intervention and strategies for dealing with threats and protests.
Titan adding workers after base boost
Titan Torque and Tools Services, an Aberdeen firm providing specialist support to the offshore drilling sector, plans to take on new workers after moving to a site 66% larger than its old premises.