Expert dealmaker at the helm of Offshore Containers Holdings
It is about a year since John Heiton decided to put his banking days behind him and head up newly formed Offshore Containers Holdings (OCH), of Aberdeen.
Petrofac boss remains upbeat as profits climb
Petrofac chief executive Ayman Asfari delivered an upbeat outlook for the international oil and gas service firm's North Sea business yesterday, saying the economic climate created many opportunities.
Japanese investor to offload North Sea oil assets
Japan's third largest trading house is selling oil assets in the UK North Sea just months after buying interests in six other fields.
Petrofac boss takes up post at rival AMEC
ENGINEERING and project-management company AMEC has appointed Paddy Mallan as director of its European oil and gas production operations arm.
Scots minister opens first phase of £5m energy centre
A £5million facility to support the growth of technology businesses engaged in energy research and innovation was officially opened in Aberdeen yesterday.
Treble celebration for Aberdeen firm
INTEGRITY, inspection and corrosion specialist iicorr is celebrating on three fronts after securing a clutch of lucrative contracts, relocating and being named as a contender for two awards.
Rothes biomass plant a step closer
Renewable-energy firm Helius Energy yesterday moved a step closer to establishing a £50million biomass processing plant in Moray.
TecWel UK first to move on to hi-tech site
Well-service firm TecWel UK has claimed the honour of being the first business to move into the new Energy Development Centre (EDC) at Aberdeen Science and Energy Park.
Conservation group hails green-energy centre
A NEW green-energy centre in Aberdeen could help Scotland along the path to becoming a nation powered entirely from renewables, conservation group WWF Scotland said yesterday.
Subsea 7 arm lands Tullow contract
SUBSEA 7, the oil and gas subsea engineering and construction company, said yesterday its i-Tech division, whose global management team are based at Westhill, near Aberdeen, had won a contract worth more than £12million from Tullow Ghana.
Foodservice firm wins deal with rig operator
ESS Support Services Worldwide, the Aberdeen-based catering and facility-management subsidiary of international foodservice firm Compass Group, has secured a contract extension, worth £12million, with rig operator Transocean Offshore (North Sea).
World Offshore Wind Report highlights significant growth
ENERGY consultant Douglas-Westwood has launched the latest edition of its World Offshore Wind Report, highlighting significant growth as well as the problems of fast-rising costs and difficulties being faced in project financing.
Triton moving production to Texas
NORTH-EAST subsea technology and service company Triton Group is transferring the production of specialist equipment from Florida to Texas.
‘Radical’ closing day of Offshore Europe planned
OPITO - The Oil and Gas Academy aims to "unveil a radical change" to the closing day of Offshore Europe when it stages its flagship interactive oil and gas lifestyle and careers event in Aberdeen on September 11.
Aberdeen firm looking to open base in West Africa
ABERDEEN engineering firm L&N (Scotland) said yesterday it was looking to expand by launching a new operation in West Africa.
Downturn inspires innovation
THE economic crisis has forced oil and gas bosses to make tough strategic decisions but also sparked more innovative ways of working.
Energy giant’s earnings fall by more than 50%
Falling oil and gas prices pushed French energy giant Total's second-quarter income down 54%, year-on-year, it revealed yesterday, but foreign-exchange gains helped the company to beat analyst expectations.
Sixty jobs face axe at oil service company
Oil service firm Schlumberger has dealt the north-east another jobs blow, warning that nearly 60 positions are at risk in Aberdeen.
Energy project delays hinder progress at RPS
ENERGY and natural-resource consultant RPS Group, which has a strong presence in Aberdeen, reported pre-tax profits of £27.5million yesterday for the first six months of 2009.
Swinney renews calls for oil fund “lasting legacy”
It is not too late in the life of North Sea oil and gas output to set up a special fund to create a "lasting legacy" from the sector in Scotland, Finance Secretary John Swinney claims.
Subsea 7 profit slide not as bad as analysts feared
Subsurface engineering and construction company Subsea 7 posted a smaller-than-expected drop in second-quarter operating profits yesterday, helped by a good North Sea performance.
ITI Energy investing £3.03m in power-grid technology project
ABERDEEN-BASED ITI Energy has announced the start of a new research and development (R&D) project aimed at boosting the technologies needed to support a next-generation power grid.
Aberdeen wave-energy project based on North Sea know-how
Ecosse Subsea Systems and the Robert Gordon University are working on technology which they hope will create a wave-energy device with enough output to power a small town.
New energy boss ‘has right skills for job’
THE man due to take charge of energy-related activities at Scottish Enterprise (SE) next month is well equipped for the job despite being a newcomer to the oil and gas industry, his boss said yesterday.
Forth renewables projects on course
Forth Ports, which operates six harbours in Scotland and one on the River Thames, said yesterday it had made good progress with several renewable-energy initiatives.