Gulf rig disaster report blames BP
A top-level report into last year's Gulf of Mexico explosion has laid much of the blame for the disaster on BP, but two US companies did not escape criticism.
Tugmen vote for action in ‘job cuts’ row
Tugmen at the oil port of Sullom Voe, in Shetland, have overwhelmingly voted in favour of industrial action.
Energy giant investors look to ‘reassuring’ future
ENERGY giant Centrica hosted a presentation to investors on its British Gas unit and the said the meeting was described as "reassuring".
Footsie shares ends the week deep in the red
London's leading index ended another volatile week deep in the red again as Britain's biggest banks wobbled ahead of a key report on sector reform.
D&D sign African and Middle East partnerships
Scottish company Dron and Dickson (D&D) said yesterday it had signed partnerships with firms in north Africa and the Middle East in an effort to enter the two markets.
Time to be partisan
OFFSHORE Europe 2011 day one: for once there's a decent new project announcement ... BP's £700million Kinnoul satellite field that the company says will support 1,000 or so jobs at peak.
“The UK is not a Well, Fair State . . .”
It is reasonable to say, given the current economic state of the nation, all is clearly not well and all is not fair in the UK either. The phrase the "State of the Nation" is sadly a rather apt phrase . . .
Offshore Europe –
The chief executive of flexlife, an Aberdeen specialist in subsea project and integrity management, is attending Offshore Europe with a view to further progressing its international growth strategy.
People on the move
APPLUS+, which is involved in the testing, inspection and certification market, has announced the appointment of Iain Light, 56, as the new global leader of Applus RTD. Mr Light has led business operations for international organisations in a career spanning 35 years, and succeeds Rob van Doorn as head of Applus RTD. He arrives after four years as energy director for Lloyds Register.
Aquamarine Power agrees funding deal
SCOTTISH wavepower developer Aquamarine Power (AP) said yesterday it had agreed a £3.4million loan with Barclays Corporate in a deal marking an important milestone for investment in the marine energy sector.
Leaked e-mail underlines BP boss’s problems
BP chief executive Bob Dudley told employees yesterday that investors' patience was wearing thin, as his turnaround failed to show rapid results and the oil giant continued to face headwinds.
Asco wins £1.1m Statoil pipeline deal
OIL and gas logistics firm Asco has won a £1.1million contract with Statoil for work related to its Gudrun development in the Norwegian North Sea.
Windfarm victory for Mormond white horse
AMBITIOUS plans to build a major windfarm on the slopes of a popular north-east hill have been revised following fears it could impact on Scotland's only white horse monument.
Weir, Melrose and Aberdeen Asset Management gain FTSE 100
THE FTSE 100 index continued its rebound yesterday as positive job and manufacturing data from America caused a last-minute push into the black.
EMC looking for offices in Aberdeen
GLOBAL data-storage giant EMC is looking to open an Aberdeen office to cater for a growing list of oil and gas-industry clients.
BP completes £4.4bn energy deal in India
BP has completed its £4.42billion acquisition of a 30% stake in 21 oil and gas production sharing contracts operated by Reliance Industries in India.
Industry news
THE deepening of the eurozone crisis and fears for the US economy sent world stock markets into retreat in late July and this continued into early August with the FTSE 100 dropping almost 1,000 points to its lowest level for over a year.
BP braces itself for new round of oil spill damages
OIL giant BP is set to take another battering after a US judge ruled thousands of fishermen and business owners hit by the Gulf of Mexico oil spill disaster could sue for punitive damages, it was reported yesterday.
North Sea output down 45% in a decade
NORTH Sea oil and gas production is falling at a faster rate than anywhere else in the developed world, according to the International Energy Agency.
Premier Oil aims for 100,000 barrels
PREMIER Oil said yesterday an anticipated stronger performance in the North Sea would help it on its way to a medium-term output target of 100,000 barrels of oil equivalent (boe) per day.
Mainstream signs lease for windfarm
GLOBAL renewable-energy developer Mainstream Renewable Power yesterday announced the signing of an agreement for lease with the Crown Estate for its 450-megawatt Neart na Gaoithe project.
Wind turbines would be visible from Scotland’s ‘iconic spots’
A CONSULTANT for the Cairngorm National Park Authority told the Dava Moor windfarms inquiry yesterday that turbines would be visible from some of the most "iconic and sensitive" high ground in Scotland.
Cleaning up North Sea oil spill to take weeks, says Shell
THE safe removal of up to 660 tonnes of oil from the damaged pipeline in the Gannet field in the North Sea will take weeks, Shell has revealed.
Offshore oil arm a strong performer for James Fisher
MARINE service group James Fisher and Sons said yesterday its offshore oil business grew profits by 26% during the first half of 2011.
Chamber launches oil and gas survey
The 15th Aberdeen and Grampian Chamber of Commerce Oil and Gas Survey, sponsored by law firm McGrigors, has been launched.