Scottish Enterprise (SE) support for research and development initiatives during the past five years could boost Scotland's economy by more than £640million over the next decade, the development agency said yesterday.
Energy service company Sovereign Oilfield Group has plunged into further financial turmoil, it emerged yesterday.
Junior players in the oil and gas industry are bouncing back after a fraught spell and benefiting from a cautious recovery in investor confidence, according to a new report.
OFFSHORE accommodation module and engineering service cabin specialist Ferguson Modular is taking on more staff after new contract wins for work overseas.
The oil and gas arm of industrial giant General Electric (GE) officially opened its global services facility at Montrose yesterday.
SUPPLY-CHAIN specialist 80:20 Procurement Services said yesterday it was time to push on again and develop the business, possibly through acquisition.
The contribution by the oil and gas industry to Scotland's economy was recognised at an awards event in Edinburgh last night.
Energy Cranes International (ECI), the Aberdeen-based lifting service, fluid-power and pipelay-system contractor, highlighted challenging trading conditions in 2009 as it unveiled annual results yesterday.
US OILFIELD service group Baker Hughes posted third-quarter results yesterday and said activities in the UK North Sea were among operations seeing the sharpest decline in revenue.
Bowleven, the Scottish oil and gas explorer focused on west Africa, said yesterday it was about to embark on the busiest operational spell in its history.
HYDRO Group, an Aberdeen-based supplier of optical and electrical products to the global subsea technology sector, has teamed up with an Italian system design firm to develop an innovative underwater communication system.
A teenage role model for the energy industry has helped her company to complete an impressive double at an offshore awards ceremony.
NORWEGIAN oilfield service firms Subsea 7 and Petroleum Geo-Services (PGS) both pointed to signs of a gradual recovery in their sector as they posted third-quarter results yesterday.
The next generation of oil and gas industry leaders were advised last night that an international outlook was essential if the north-east were to capitalise on an ever-changing worldwide trading climate.
AN ABERDEEN University student has become the first recipient of a new scholarship awarded by energy service firm Technip.
Energy telecommunications specialist Arrowdawn, of Aberdeen, said yesterday it had appointed a new director and increased hardware sales by 100%.
The UK and world economies have suffered a severe recession. In the energy industry, the chill winds are being felt across the production and service sectors, although some businesses have been hit earlier and harder than others.
ENERGY service company flexlife, of Aberdeen, has announced the completion of £1million-worth of work for clients in the North Sea using its patented scanning technology.
ENGINEERING and construction company Subsea 7 has played host to a delegation of Ghanaian VIPs, including its deputy minister of energy, Kwabena Donkor.
Plans for a large demonstrator windfarm off the Dutch coast have strengthened the resolve of a group trying to establish such a facility near Aberdeen.
VISITORS to the Leuchars Airshow in Fife this weekend can learn all about training to be a pilot of a different kind, thanks to the Underwater Centre at Fort William.
North-east energy-investment company Ramco Energy unveiled plans yesterday to sell its oil and gas interests and focus wholly on offshore wind power.
A fledgling organisation set up in Aberdeen to help UK offshore supply firms break into the North Sea decommissioning market aims to hire its first chief executive within weeks.
OILFIELD service company Dominion Gas is aiming for further growth in overseas business before the year is out, with the Middle East and Latin America among locations within its sights.
Marine service group James Fisher and Sons said yesterday its offshore oil division, which includes operations in the north-east, had shown good resilience in a challenging economic climate.
