Energy sector ‘to drive rise’ in deal-making
The north-east energy industry will drive a rise in mergers and acquisitions (M&A) activity throughout Scotland over the coming year, according to a new survey.
Warning over shortage of skilled oil workers
A shortage of skilled workers and regulatory differences around the world are among the biggest challenges facing the global energy industry, according to GL Noble Denton. The technical service provider to the oil and gas sector said yesterday its conclusion was based on views expressed at a gathering of energy sector bosses in Houston.
Backlash over pay at Melrose
Oil and gas company Melrose Resources suffered a backlash over bosses' pay at its annual meeting yesterday.
Weak oil prices ‘won’t hit projects’
The lowest oil prices in more than a year will have no impact on current projects in the North Sea, an industry expert said yesterday.
Firm opens Brazil office
Aberdeen company ffA (Foster Findlay Associates) has expanded its global business into Brazil.
Asco deals set to create up to 14 jobs next year
Two new deals for Asco are expected to create up to 14 jobs at the Aberdeen-based oil and gas logistics firm next year.
New chief at Cape
Industrial service group Cape named a new chief executive yesterday, filling a post that has been vacant since March.
Shares in oil firm Ithaca take plunge
Shares in North Sea oil firm Ithaca Energy slumped more than 30% yesterday after it said talks with potential buyers had ended without any deal.
Parkmead to snap up fellow energy minnow
Fledgling oil and gas independent Parkmead Group is buying fellow Aberdeen company DEO Petroleum in a deal worth about £12.7million.
Production from Athena under way
North Sea oil firm Ithaca Energy said yesterday it had started oil production from the Athena field.
Changes at valve experts
Global valve specialist Severn Glocon Group said yesterday it was "recalibrating" its Severn Unival and Severn Ball Valves (SBV) operations in Aberdeen.
Cape dives on LNG loss charge
Industrial service group Cape saw nearly 37% wiped off the value of its shares yesterday after it said losses on a liquefied natural gas project in Algeria would hurt profits.
Faroe makes 11th-hour bid to avert shares revolt
Faroe Petroleum avoided a potential shareholder revolt over a scheme to reward senior bosses with free shares by withdrawing the controversial proposal before its AGM yesterday.
Norwegian well project heralds ‘exciting times’
Faroe Petroleum said yesterday drilling had started on the Clapton prospect in the Norwegian North Sea.
Safety culture nurtured at Stork
Employees of energy-service group Stork Technical Services celebrated exceptional safety performance at an awards ceremony and dinner in Aberdeen last night.
Group taking temperature check of north energy sector
Engineering and energy industry supply-chain firms throughout the north are being urged by trade body Energy North to complete its latest skills survey.
Leaders discuss North Sea issues
Senior representatives of the UK oil and gas industry held talks with the Scottish and UK energy ministers in Aberdeen yesterday.
Chevron detonates mine
US oil giant Chevron has successfully and safely detonated a World War II mine in the North Sea west of Shetland.
KCA Deutag clinches deal
International drilling and engineering contractor KCA Deutag, of Aberdeen, said yesterday new contracts from Norway's Statoil were worth at least £444million.
Plant taking shape
Renewable-energy firm Helius Energy said yesterday the construction of the biomass energy plant it is building at Rothes, Moray, was on time and within budget.
Inverness fast becoming major energy support hub
Inverness is fast becoming a leading centre for support and administration for the energy industry, the boss of a group at the heart of economic diversification in the north said yesterday.
Greenpeace warned off Arctic protests by Shell
Oil giant Royal Dutch Shell has sent letters to Greenpeace offices around the world warning the campaign group not to interrupt its exploration in the Arctic.
Premier exploration deal
Premier Oil said yesterday it had signed a deal with new company EnCounter Oil to seek fresh exploration opportunities in the UK North Sea.
Cairn shareholders revolt over payouts
Cairn Energy became the latest company to suffer the wrath of UK shareholders, with nearly 70% of investor votes rejecting the Scottish oil firm's latest executive pay deals.
Wood Group scoops top Scots engineering honour
Energy service giant Wood Group has been presented with Scotland's top engineering accolade.