Breagh deal helps EnCore Oil to profit
OIL and gas explorer EnCore Oil said yesterday it made net profits of £11.4million during the year to June 30, compared with losses of £1.5million a year earlier.
Libya fertile territory for Scottish firms
Libya is fertile territory for Scottish energy service firms looking to grow their business overseas, according to economist Tony Mackay.
EnQuest snaps up Crawford partner in £28.7m deal
EnQuest the new UK North Sea oil and gas operator formed in a demerger of assets by British energy service group Petrofac and Sweden's Lundin Petroleum, unveiled its first acquisition yesterday.
Triton becomes part of enlarged Houston-based group
North-east subsea technology and service company Triton Group and four other firms are part of a five-way merger under the umbrella of Forum Energy Technologies (FET).
Champion hails multimillion-pound win
SPECIALIST oilfield production chemical company Champion Technologies is celebrating the award of a substantial contract from Wood Group.
Senergy snaps up US engineering firm
ABERDEEN-BASED diversified energy service company Senergy said yesterday it had snapped up a business in America and was looking to make further acquisitions across the Atlantic.
Higher prices boost BG GROUP surplus
BG GROUP reported a 19% year-on-year rise in second-quarter underlying profits yesterday, thanks to higher oil and gas prices.
Highland Fuels deal to boost sales to islands
The boss of Highland Fuels said yesterday he was looking to new business in the Western Isles to help propel the firm forward.
Moray aviation boss loves the land
From directing European flights to driving tractors on his Moray farm, the man who heads up Bristow Group's European unit, Mike Imlach, 52, has managed to combine a jet-set life with rural roots.
Fairfield Energy seems likely to ditch its flotation plans
A swift stock-market listing for Aberdeen-based oil and gas firm Fairfield Energy seemed unlikely last night with insiders signalling a failed attempt to sufficiently woo investors.
TWMA gears up to expanding workforce after landing deals
International environmental service specialist Total Waste Management Alliance (TWMA) said yesterday it was looking to expand its workforce after winning several new contracts, including a £15million deal with Maersk Oil.
Oil giant could be just hours from ending its three-month nightmare
BP was last night planning to begin a pressure test on its undersea oil leak in the Gulf of Mexico after placing a new sealing cap on the wellhead.
OHM warns of squeeze on cash flow
Shares in Aberdeen firm Offshore Hydrocarbon Mapping (OHM) shed more than one-third of their value yesterday after it said it might need more money to ease a cashflow squeeze.
New energy venture aims to be number one
One of the founders of an international venture launched yesterday said it was ideally positioned to become the premier advisory and investment vehicle in the global oil and gas industry.
Hi-tech qedi beats growth expectations
ABERDEEN oil service company qedi said yesterday it had exceeded its first-half growth expectations by 30% and created 50 jobs in the first six months of 2010.
Worker’s career transformed by switch
About a week is all it took to transform Ryan McPherson's life from a public-sector worker with no oil and gas experience to a high-flying technology analyst.
ContiTech Beattie boss confident of growth
THE Aberdonian boss of a UK-based subsidiary of automotive parts manufacturer Continental has said he is confident of growth prospects for its factory in the north-east.
New director appointed by Xodus to drive forward new division
XODUS Group, the Aberdeen-based oil and gas consultant, has appointed a new director to drive forward a new global wells and subsurface division.
Oil company’s headquarters being put on the market
One of Aberdeen's most iconic buildings is being put up for sale after its owner went into administration.
SSE buying bulk of Hess North Sea gas assets
Power group Scottish and Southern Energy (SSE) said yesterday it was buying 80% of the North Sea gas and infrastructure assets of global energy firm Hess for about £223million.
Investment boost for Aberdeen energy firm
About 200 workers at a north-east energy service firm have a brighter future after a £16million private-equity investment in the parent, its boss said yesterday.
Oil company to create 150 jobs at new Dyce base
Oil service company Hertel aims to create 150 jobs in Aberdeen over the next year after setting up a base in the city.
Serica optimistic for Columbus plans
Oil and gas explorer Serica Energy said yesterday it expected to get the go-ahead later this year for developing the North Sea Columbus gas-condensate field.
Westhill base to be hub for global operations
TECHNOLOGY firm PanGeo Subsea has officially opened an office in Aberdeenshire as part of plans to grow its business worldwide.
Xcite Energy hails seminal first quarter
North-east oil firm Xcite Energy, which is focused on the UK North Sea, said yesterday it had a seminal first quarter of the year and was now poised to show the commercial value of the Bentley field.