Mathieson promoted in Baker Hughes shake-up
OIL service company Baker Hughes revealed some organisational changes yesterday, including a promotion for former Wood Group, Shell UK and WellDynamics employee Derek Mathieson.
Bowleven suitor carrying out financial checks at firm
Scottish oil and gas operator Bowleven said yesterday a suitor was now carrying out financial checks on the firm following a takeover approach.
Forum to debate key issues in sector
ABOUT 100 delegates representing key players in the renewable-energy industry are meeting at Gleneagles today to discuss challenges facing the sector.
Opito chief spells out importance of investment in skills
The chief executive of Opito - the Oil and Gas Academy - is spelling out the importance of investing in education and training at an industry conference in London this week.
Fisher hails contribution from north-east
North-east subsidiaries of James Fisher and Sons made a large contribution to a 26% surge in annual profits, the marine service firm said yesterday.
InnerArmor expected to reinforce ACI
NORTH-EAST company Advanced Coating Initiative (ACI) is anticipating a strong boost to its finances from future sales of a product aimed at extending the life-span of components operating in harsh conditions.
Bid deadline for ONS asset disposal passes
The deadline for final bids for crashed oil and gas operator Oilexco North Sea (ONS) passed yesterday, with restructuring experts giving nothing away about the progress of the selloff.
Prospect announces plans to double workforce
PROSPECT, an Aberdeen-based subsidiary of subsea service firm Hallin Marine, said yesterday it was poised to grow its workforce from 50 to about 100 employees within two years.
Hope for failed oil firm’s unsecured creditors
UNSECURED creditors of Tuscan Energy (Cragganmore) are likely to get at least some of their money back, joint administrators for the firm have revealed.
Yearly sales growth of 10% in Scots energy supply chain
AN ANNUAL survey of Scotland's oil and gas supply chain has revealed 10% growth in yearly sales to a record £14.2billion - but also highlighted uncertain times for the sector ahead.
Unsecured creditors of ONS could lose their money
Unsecured non-preferential creditors of oil company Oilexco North Sea (ONS) may not get any of their money back, it emerged yesterday.
New deal puts Aberdeen at hub of green energy drive
Aberdeen is poised to become home to the biggest green energy showcase in the world - thanks to investment from the Middle East.
Showcasing cutting-edge subsea technology
When the chief executive of Subsea UK starts talking excitedly about the ground-breaking work being done in the sector, it is hard to not to be bowled over by the idea that recession-hit Britain has at least one industry going places.
Bad news for workers at troubled OHM
Troubled Aberdeen firm Offshore Hydrocarbon Mapping (OHM) dealt a further blow to its workforce yesterday, with news of about 40 further job cuts.
Stable Services’ global ambitions on track
ABERDEEN oil field products firm Stable Services said yesterday it was on track for achieving 50% of total turnover from international sales following a £2million investment in global expansion in 2008.
Prospects looking good for Wave Treader
ENGINEERING design and analysis firm Prospect Flow Solutions (PFS), of Aberdeen, has come up with a novel way of combining wind and wave energy.
North Sea oil and gas sector expects drop
Three-quarters of North Sea operators expect a reduction in activity this year, an oil and gas industry survey has revealed.
Halliburton hails strong final quarter
US ENERGY service giants Halliburton and Weatherford posted fourth-quarter results yesterday.
Oilfield service giant’s profits tumble
INTERNATIONAL energy service giant Schlumberger said yesterday it would emerge from the economic downturn a stronger company, better positioned to participate in the anticipated upturn.
Meeting industry training challenge
The UK oil and gas industry formally opened the new headquarters of its £1.5million skill academy in the north-east yesterday.
Big chunk of firm’s stock loan security
Sovereign Oilfield Group, of Aberdeen, said yesterday that its chief executive, Graham Burgess, and deputy chairman, Peter Felter, had pledged their total stakes in the firm as security against loans.
Reflex takes bull by horns over safe crew transfer
MARINE personnel-transfer specialist Reflex Marine, of Aberdeen, launched its latest system for the offshore sector yesterday.
Steminic snaps up rival’s UK arm
ENVIRONMENTAL service group Steminic has acquired the UK business and assets of north-east rival ITS Drilling Services in a deal worth about £1million.
Group seeking partners for Aberdeen show
NOF Energy is seeking exhibition partners for an industry showcase in the Granite City next month.
More jobs in the pipeline as Global growth story continues
Scottish contracting and service firm Global Energy Group is poised for another year of strong growth after seeing annual turnover climb to about £130million, chairman Roy MacGregor said yesterday.