PSN reviewing workers’ contracts
ENERGY service firm PSN is reviewing terms and conditions for some of its offshore workers.
Tax incentives could trigger ‘up to 50’ North Sea projects
The impact on the North Sea of tax incentives unveiled in the April Budget will be modest but very worthwhile, according to a leading energy economist.
SgurrEnergy plans to grow in the Highlands
Scottish renewable-energy consultant SgurrEnergy is gearing up for an expansion drive in the Highlands after setting up a Caithness base.
CSL opens offices in Egypt and Norway
SUBSEA project-management and engineering company CSL has opened new offices in Norway and Egypt.
North Sea reserves still significant, says BP boss
Two leading lights in North Sea oil and gas delivered upbeat prospects for the sector yesterday, saying global demand for traditional fuels was unlikely to evaporate anytime soon.
US oil giant unveils new North Sea HQ
US oil service giant Halliburton has officially opened its new £20million North Sea headquarters in Aberdeen.
Oil platforms ‘exemplars of good practice’
A TRIO of North Sea oil platforms are the first offshore sites in Scotland to receive the highest level of a health-improvement and safety accolade.
Joint initiative is making seas safer
Significant progress has been seen in efforts to improve maritime safety around offshore oil and gas activities, members of a partnership forum were told in Aberdeen yesterday.
Newcomer flexlife is poised for 70% growth next year
North-east oil service firm flexlife is predicting growth of around 70% in 2009-10, with turnover expected to soar to £5million.
John Wood Group facing £100m loss
International energy service firm John Wood Group, of Aberdeen, reportedly stands to lose more than £100million as a result of Venezuela's appetite for nationalising oil and gas business.
Boost for Aberdeen research into cutting industrial death toll
Aberdeen University launched an initiative yesterday - backed more than £1million of charity funding - aimed at cutting the toll of industrial fatalities in the UK.
Bluegrass sets up base in north-east
US demolition and decommissioning specialist Bluegrass has set up a new UK subsidiary, with operations in Aberdeenshire and Great Yarmouth.
Consafe expanding workforce after £10m contract wins
Offshore accommodation specialist Consafe Engineering Services said yesterday it was looking to take on a further 20 staff after securing new contracts worth nearly £10million.
ASCO welcomes ship agent Seletar on board following deal
Seletar Shipping (Scotland), the Aberdeen-based ship agent, is under new ownership today after being snapped up by a subsidiary of international oil and gas logistics specialist ASCO Group.
Cosalt’s shares tumble after downbeat update
Cosalt saw its shares slide to their lowest level in a year yesterday after it said trading was below market expectations.
Aberdeen group PSN appoints a new chairman
When bosses at a fast growing international energy service business in the north-east sought out a new chairman to help to develop the business further they aimed high, and got Charles Mackay.
£3.25million headquarters in Aberdeen give Cut the edge
Cutting Underwater Technologies (Cut), a specialist cutting services provider to the decommissioning and abandonment industry, has invested £3.25million in new UK headquarters in Aberdeen.
EnerMech secures £6m Apache contract
MECHANICAL service provider EnerMech, of Aberdeen, said yesterday it had secured a contract worth about £6million to provide crane and maintenance services for oil and gas firm Apache North Sea.
Xodus boosted by marine renewables demand
ABERDEEN-BASED oil and gas consultant Xodus Group - among the exhibitors at the All-Energy showcase - has attributed 22% growth in its workforce to increased market demand for its specialist environmental service, and in particular its expertise in marine renewables.
Parent’s backing helps Altra advance
North-east oil and gas consultant Altra Energy has seen annual turnover rocket to more than £5million since it came under the wing of its current owner.
Plexus secures new deal with BP
PLEXUS Holdings, the Aberdeen-based oil and gas engineering service business, said yesterday it had secured a contract extension worth about £1.6million from BP Egypt.
Co-founder quits troubled Aberdeen firm
Events at troubled Sovereign Oilfield Group took a new twist yesterday, with the Aberdeen-based energy service firm announcing deputy chairman and co-founder Peter Felter had quit.
Subsea 7 to shed 85 jobs to cope with slump
A total of 85 jobs are to be axed across the UK operations of engineering and construction company Subsea 7, which employs around 1,000 people at Westhill, near Aberdeen.
Sovereign considers further disposals
Aberdeen-based Sovereign Oilfield Group said yesterday it was considering further disposals following deals unveiled earlier this week.
Devex delegates in pursuit of ‘ultimate recovery’
AROUND 300 delegates attended the opening sessions of the oil and gas industry's annual Devex event in Aberdeen yesterday.