North-east hostages safe as Kurdistan stand-off ends peacefully
A stand-off between angry Iraqi villagers and one of the world’s biggest offshore companies has ended peacefully.
Sir Ian Wood: medal
Lukoil agrees £1.35bn deal with Hess
Lukoil, Russia's second largest crude oil producer, has agreed to acquire small producer Samara-Nafta for £1.35billion from US firm Hess as part of a long-term strategy to stabilise falling oil output.
Enegi Oil ‘excellent potential’ despite losses
Independent oil and gas explorer Enegi Oil said its interests in the North Sea and Jordan offered excellent potential.
North Sea oil down by 17%
North Sea oil production plummeted 17% in 2011 to the lowest level since the 1970s, new figures have revealed.
Cable visits Expro’s new Dyce offices
Oilfield service firm Expro opened new offices in Aberdeen yesterday as part of a £5million investment.
Fourth Shell Alaska probe
A fourth US government probe is under way into Royal Dutch Shell's mishap-prone 2012 Alaska drilling season.
Sean deal on track
Utility SSE said yesterday its SSE Exploration and Production was on course to complete its acquisition of a 50% stake in the Sean gas field in the southern North Sea early in its new financial year.
Bibby’s new base almost complete
The new headquarters for subsea installation contractor Bibby Offshore at Prospect Park, Westhill, is entering its final phase of construction.
Hayes set for Decom
Energy Minister John Hayes is to speak at a new one-day event for the oil and gas decommissioning sector.
Rosneft completes £34bn deal
Russian giant Rosneft said yesterday it had completed the £34billion deal for TNK-BP, making it the world’s largest listed oil producer.
Incentives for shale gas industry
Controversial “fracking” won backing from the government with promises of a generous new tax regime for extracting shale gas.
Subsea kit contract
Aberdeen-based marine survey equipment specialist Seatronics said it had won a £400,000 contract to supply subsea gear to Bibby Remote Intervention.
Colombia contract for Wood Group
Aberdeen energy service giant Wood Group has won an £11.5million contract with Chevron in Colombia.
Rockhopper promotion
Falkland Islands-focused oil and gas firm Rockhopper Exploration said yesterday it had appointed Fiona MacAulay as technical director.
New deals creating jobs at Opex
Aberdeen-based Operational Excellence (Opex) said yesterday it had won £10million of work in three months.
Lamprell hit with FSA fine
Engineering company Lamprell has been hit with a £2.4million fine for failings that kept investors in the dark about its deteriorating finances.
Quake strikes in North Sea
An earthquake measuring 3.1 magnitude was recorded in the North Sea yesterday – in an area where a platform was abandoned after a major gas leak.
Voser paid over £4m
Shell chief executive Peter Voser, above, made more than £4million in salary, bonuses and remuneration last year, according to the energy supermajor’s annual report.
Strengthening key export links
Scottish Development International chief executive Anne MacColl sums up a successful week for this country’s business interests – particularly in the energy sector – in Brazil
Gateway 2013 – itinerary
A business breakfast on Tuesday 19th March will bring together business professionals in Houston and Aberdeen via a live satellite link.
Rod Christie – Speaker profile
Rod Christie is VP and CEO, Subsea Systems, GE Oil and Gas , based in Aberdeen, Scotland. In this role, he is responsible for growing the Subsea Systems business and integrating the acquisition of Wellstream.
Jim Nixon – speaker profile
Jim Nixon is the President and CEO of Carrollton, Texas based Varel International, the largest independent drill bit supplier to the oil & gas and mining industries. In 1998, Nixon spearheaded an investor backed buyout of the small, family-owned Varel Company. Since then, Varel’s revenue has grown from $30 million, to more than $325 million per year. (more…)
Tom Sneddon – Speaker Profile
Tom Sneddon is Account Manager, Scotland & North East England, for United. Based in Glasgow, he is responsible for United’s sales activities in these regions.
Rebels back down
A group of shareholders in Ithaca Energy has backed down after calling for the North Sea oil and gas operator to appoint new directors.