Nautical jumps on latest Kraken update
SHARES in North Sea energy firm Nautical Petroleum were up more than 15% yesterday after the company made an "excellent start" to appraisal activity at its Kraken field.
Grid-connected tidal-turbine first for Scotland
SCOTLAND'S first grid-connected, commercial-scale tidal turbine, has been installed off Orkney.
RSI awarded new shale project
ABERDEEN company Rock Solid Images (RSI), formerly Offshore Hydrocarbon Mapping, said yesterday that it had been awarded its fourth project in US unconventional-shale plays.
Platform shut down until end of month
Oil and gas major BP said yesterday that production at its North Sea Valhall platform was unlikely to resume until the end of August after a fire.
Approval for Reliance to sell assets to BP
Indian energy firm Reliance Industries said yesterday it had received government approval to sell stakes in some of its oil and gas interests to BP for £4.4billion.
Rockhopper fuels hopes with latest Falklands find
UK oil and gas firm Rockhopper Exploration said yesterday that an oil discovery in the Falklands extended west of the original well, fuelling hopes the find was large enough to open up a new province in the area.
Marine-power player to utilise Scots expertise
Marine-power firm Trident Energy is to be given a £220,000 grant by Scottish Enterprise (SE) to help it to develop technology to harness wave and tidal energy.
ABB looks at cutting vessel power costs
Global power and automation technology group ABB said yesterday it had launched a marine-energy appraisal service to lower power consumption on vessels.
Integration of Finnish buy ‘progressing well’
Design and engineering consultant WS Atkins said yesterday that the integration of the oil and gas business of Finnish company Poyry, which it acquired for £15.4million in June, was progressing well.
Infotechnics wins deal with Slovakian firm
Infotechnics, a provider of integrated software services to the oil and gas, power and utility industries, said yesterday it had won a £100,000 contract with Slovakian company Slovnaft.
Deadline extended for UK oil industry awards
The deadline for the 2011 Oil and Gas UK Awards has been extended to Friday, August 12.
MAC makes move into renewables
Aberdeen-based Maritime Assurance and Consulting (MAC) said yesterday it had moved into the renewables sector after winning a contract with wave-energy specialist AWS Ocean Energy.
Shell admits it was to blame for oil spills
OIL giant Shell has admitted liability for two "devastating" spills which hit a community in Nigeria, the UK lawyers who brought the case said yesterday.
Atlantic gets approval to develop Blackbird
Faroe-based oil and gas explorer and producer Atlantic Petroleum has been given approval to develop the Blackbird field by the Department for Energy and Climate Change.
Brinded nets £1.4m under share plan
Oil and gas giant Royal Dutch Shell said yesterday that executive director Malcolm Brinded, the former managing director of Shell Expro in Aberdeen, had received £1.4million under its restricted share plan. It said he had received 62,857 ordinary B shares in cash.
Vedanta go-ahead for Cairn India deal
Mining firm Vedanta Resources said yesterday it had been given the go-ahead to acquire a majority stake in Cairn India.
Hunting takes up non-executive role
Energy service group Hunting said yesterday executive chairman Richard Hunting had become non-executive chairman with immediate effect.
Oil and gas investment fund secures £50m
Oil and gas service investment fund Epi-V has secured £50million of capital from mid-market private equity firm LDC, taking the total amount raised by the team to £110million.
Siemens hit by nuclear venture break-up
GERMAN industrial-machinery manufacturer Siemens - which has a gas-turbine service centre in Aberdeen - saw net profits fall sharply during the three months to June 30.
Centrica reports profit dip as energy bills soar
Energy company Centrica reported a large drop in profits yesterday amid a continuing furore over rising electricity and gas bills.
Aker divisions win NHS accreditation
Aker Solutions said yesterday three of its Aberdeen-based divisions - Aker Offshore Partner, Aker Subsea and Aker MH - had received NHS Healthy Working Lives bronze awards in recognition of their efforts to improve the health and wellbeing of staff.
Ormen Lange gas going to St Fergus
Gas from the huge North Sea Ormen Lange field has been redirected to the St Fergus gas terminal near Peterhead while maintenance is carried out at Easington, in East Yorkshire.
JPM energy boss joins Wood Group board
The vice-chairman of financial service firm JPMorgan's global energy group will become a non-executive director of Wood Group on August 1. Jeremy Wilson will also join the board's nomination committee.
Valhall fire damage ‘not as bad as feared’
BP said yesterday fire damage on the Valhall platform in the North Sea was not as serious as first feared.
OEG awarded £100K contract
Offshore container manufacturer and supplier OEG Offshore (OEG), of Aberdeen, has been awarded a £100,000 contract to provide containers for worldwide use for American deepwater drilling contractor Diamond Offshore.