Scots explorer looking to drill four Greenland wells
Scottish oil explorer Cairn Energy said yesterday it planned to drill up to four wells offshore Greenland this year.
UK well placed to benefit from new energy frontiers
The UK is well placed to benefit from new frontiers for oil and gas activity, energy research company Wood Mackenzie said yesterday.
Dana chief to leave Aberdeen oil and gas firm at end of March
Aberdeen oil and gas operator Dana Petroleum is about to lose its second chief executive in five months, it emerged last night.
Subsea 7 launches renewables unit
Oil and gas industry subsea engineering and construction giant Subsea 7 has announced the launch of a renewable-energy division, based in Aberdeen.
Banker bolsters boardroom at Balmoral
BALMORAL Group, the Aberdeen-based diversified engineering company, announced a new recruit to its boardroom team yesterday.
Algerian win worth £750m to Petrofac
A £750MILLION contract announced yesterday by international oil and gas facility provider Petrofac will see it expand its activities in Algeria.
Aberdeen oil firm announces changes to Perth stakes
Aberdeen oil firm DEO Petroleum UK has announced changes to stakes in the Perth licence area in the central North Sea.
Oil industry might be perceived in better light than it thinks
The UK oil and gas sector needs to improve its image to attract more young people but it might be better regarded than was often thought, the industry's leading spokesman said yesterday.
Locke ‘not interested’ in investing in drilling group KCA
The founder and former executive chairman at Aberdeen-based oil and gas service firm Abbot Group said yesterday he would not be stepping in to buy the business, now better known as KCA Deutag.
Helicopter firm’s profits climb
North Sea helicopter operator Bond Offshore Helicopters (BOH) saw profits climb 12% during a year overshadowed by a fatal accident which resulted in 16 deaths, new accounts show.
BME appoints first MD to drive growth
ABERDEEN company BME UK has appointed a managing director to lead the business amid hopes of a doubling of turnover plus workforce expansion in the year ahead.
Mixed reports from oil prospectors
Updates yesterday from oil firms Cairn Energy and Desire Petroleum boosted Arctic exploration hopes but delivered a fresh blow to prospects for the North Falkland Basin.
Merger of Acergy and Subsea 7 near completion
Two major players in the subsea-engineering sector join forces later this week in a move creating a combined workforce in the north-east of around 1,500 people.
Balmoral Group hits £60million turnover
BOSSES at Balmoral Group Holdings of Aberdeen are celebrating the firm's annual turnover topping £60million for the first time.
Oil prices ‘to stay strong’ over next 12 months
OIL prices are likely to remain strong during 2011, according to an Aberdeen-based energy expert.
Global upbeat about prospects in 2011
Global Energy Group said yesterday it was looking to the new year with confidence after growing sales amid the most challenging economic conditions in recent history.
Scientists pin hopes on potential of ‘supergrid’ project
Aberdeen scientists are investigating new technology to support the development of the massive offshore transmission grid planned for the North Sea.
Wellstream said to be in talks over £755m buyout
Oilfield service firm Wellstream Holdings is believed to be back in talks with General Electric (GE), together with National Oilwell Varco, over a potential £755million takeover deal.
Plexus winning new business in new international territories
OIL and gas engineering service business Plexus Holdings, of Aberdeen, said yesterday it was continuing to win customers in new international territories for its POS-GRIP wellhead technology.
Torque expert forecasts record turnover
NORTH-EAST company AMC Engineering says it is on track to report record turnover for its current trading year.
Subsea specialist bolsters board
Subsea specialist flexlife yesterday announced the appointment of two key players in the international energy sector to its board as non-executive directors.
Oil industry ‘must focus on attracting fresh talent’
There was another impassioned plea last night for the UK oil and gas sector to work harder at wooing potential new recruits.
Annual well-intervention event under way
ABOUT 300 specialists from countries worldwide are in Aberdeen for Europe's premier annual well-intervention conference and exhibition.
Award-winning seaman riding on the crest of a wave
When Mark Arnold, 26, stepped up to collect the award for overall excellence at a recent oil and gas industry event in Aberdeen he said he hoped it would inspire other young people.
Private-equity investment group eyeing Aberdeen firm
Aberdeen energy service company RBG is the target of a takeover deal which could net its chairman tens of millions of pounds, it emerged yesterday.