BP pays out more than £3bn over Gulf of Mexico spill
OIL giant BP has paid out more than £3billion to 204,434 victims of last year's massive Gulf of Mexico oil spill, fund administrator Kenneth Feinberg said yesterday.
Cairn considering additional well in Arctic drilling campaign
Scottish oil explorer Cairn Energy said yesterday it was excited by the potential it saw in Greenland, despite not striking oil in the area so far.
OEG Offshore reveals wins worth £1.3m
OFFSHORE container and module manufacturer OEG Offshore said yesterday it had been awarded contracts worth £1.3million with Schlumberger, Schilling Robotic, Sub Atlantic and Halliburton.
Brent slips back on Libya supply hopes
BRENT crude fell yesterday as investors anticipated a resumption of oil exports from Opec member Libya.
OPT testing new PowerBuoy device
US-based renewable-energy specialist Ocean Power Technologies (OPT) said yesterday it had started trials of a new wave-power device in its PowerBuoy range.
Watchdog steps up its probe into high cost of energy
ENERGY regulator Ofgem has stepped up its investigation into the big six energy suppliers by appointing a specialist team of accountants to investigate how they calculate their profits.
SPR boss joins wind taskforce
ENERGY Minister Charles Hendry appointed a director at Scottish Power Renewables (SPR) yesterday to lead a taskforce focused on reducing the cost of offshore windpower to £100 per megawatt-hour (MWh) by 2020.
Oil giant signs £900m loan
RUSSIAN oil producer TNK-BP said yesterday it signed a £900million-plus loan with a group of 10 international banks for general corporate purposes.
Work on operation to halt oil leak starts after pipeline begins to float
Underwater work to halt the North Sea's worst oil leak in a decade began last night after the ruptured pipe - which still contains hundreds of tonnes of oil - began floating off the seabed.
Aberdeen man to lead RBG’s Kazakh unit
ABERDEEN-BASED inspection and repair firm RBG has taken on Ian Henderson as president of its Kazakhstan business unit. Mr Henderson, from the Granite City and who has held senior roles at Statoil, FosterWheeler and Halliburton, joined RBG in March.
Rock Solid contract win in central Africa
ABERDEEN company Rock Solid Images (RSI), formerly Offshore Hydrocarbon Mapping has won a £242,000 contract for seismic work in Equatorial Guinea.
Report critical of operations on gulf disaster rig
A NEW report into the Gulf of Mexico oil disaster last year has said there was a failure to react to signs that the well was getting out of control.
Rotech beats European target
GLOBAL subsea technology firm Rotech, of Aberdeen, said yesterday it had secured contracts worth more than £8million in Europe during the past year, exceeding its targets.
Subsea 7 to sell vessel to GSP
SUBSEA 7 is to sell pipelay vessel Acergy Falcon to Romanian oil and gas service company GSP.
Shell boss says sorry over spill
THE Shell boss fighting to stop the worst North Sea oil spill in a decade has said sorry - and admitted that the company's inspection regime had let it down.
Wildlife group demands Shell ‘comes clean’ on impact of slick
OIL from Shell's Gannet Alpha spill is unlikely to reach the Scottish coast - but environmentalists still fear its impact.
Major completion win for specialist TCO
ABERDEEN-BASED TCO In-Well Technologies UK, a provider of well-completion equipment to the global oil and gas industry, has been awarded a new contract worth £500,000 with an oil major for UK assets.
BP appoints new head of strategy
BP said yesterday its strategy team was to be taken over by investor-relations chief Fergus Macleod.
Greenland to publish oilspill-response plan
GREENLAND was due last night to publish its oilspill-response plan, according to reports.
Sigma takes over firm from West Coast
SCOTTISH asset-management firm Sigma Capital Group said yesterday it had acquired urban-regeneration specialist Inpartnership from West Coast Capital (WCC) - the investment vehicle of entrepreneur Sir Tom Hunter - in an all-share deal worth £347,000.
FPSO transfer first for Offshore Solutions
OFFSHORE Solutions, a joint venture between Amec and Cofely Nederland, said yesterday it had completed a world first for transferring offshore workers on to floating production, storage and offloading (FPSO) vessels.
Going public on giant turbines plan
PLANS for a controversial £200million windfarm off the coast of Aberdeen will come under public scrutiny later this month.
Oil boosted by euro debt-crisis hopes
Oil rose yesterday, supported by hopes European leaders will come up with solutions to the region's debt crisis and by broader gains in global markets.
Lured by technology appeal
WHEN Offshore Solutions revealed this week it had recently completed a key project in the North Sea, it said the technology at the heart of it could create new opportunities for many oil and gas operators.
Bowleven starts drilling at Sapele-3
BOWLEVEN, the west Africa-focused oil and gas exploration group, said yesterday that drilling had started at its Sapele-3 well in the Douala Basin offshore Cameroon.