Buchan Deep lease deal agreed as plans for Europe’s largest floater windfarm take shape
Energy giant Statoil is to build Europe’s biggest floating windfarm off the coast of Peterhead.
Offshore industry faces new £100m tax raid
The UK Government is planning a new £100million tax raid on the oil and gas industry – once again threatening investment in the North Sea.
World’s biggest ropemaker to launch Aberdeen base for North Sea industry
The company which makes the biggest ropes in the world has announced plans to move to the north-east.
RWE npower to offload 770,000 customers to new energy industry player
The UK’s Big Six energy suppliers will become the Big Seven after RWE npower agreed a deal to offload 770,000 customer accounts to a new player.
Profits boost for EnerMech as it eyes 700 new jobs
EnerMech, which is looking to take on 700 new people, has announced plans to increase its turnover to nearly £300million next year.
EnQuest launches new bond bid to raise £30m
North Sea oil producer EnQuest is looking to raise £30million through new bonds – the firm’s second of the year.
Aberdeen among UK’s best places for work and life, says Good Growth report
Aberdeen is one of the best places in the UK in which to live and work, according to business experts PwC.
Hydro Group boosted by profits rise
Profits at Aberdeen-based Hydro Group have jumped by 136%.
Loganair results boosted by Super Puma grounding
Scottish airline Loganair has defied the gloom surrounding the airline industry and posted a 24% increase in profits.
From gold rush to black gold as iconic US bank Wells Fargo moves into North Sea
Exclusive: Legendary American bank Wells Fargo – which was set up for gold rush pioneers in the 1800s – is moving to Aberdeen to cash in on North Sea oil.
Wood Group continues Arctic chair support
Aberdeen-based Wood Group has renewed its sponsorship of the Chair of Arctic and Harsh Environment Engineering at Memorial University of Newfoundland for a second five-year term, from 2014 to 2019.
Tycoon snaps up stake in Edinburgh oil firm Bowleven
Billionaire Aberdeen oil tycoon Ian Suttie has snapped up a stake in another oil company.
EnQuest leads revival with new HQ
Work to transform a rundown part of Aberdeen harbour and create a new Scottish HQ for oil firm EnQuest is now under way.
Wood Review: Oil industry bosses back report’s ideas for North Sea
Top oil bosses have rallied behind Sir Ian Wood’s plan to keep the North Sea booming for another 20 years.
Wood Review: Independence referendum result ‘not an issue’
Sir Ian Wood said his recommendations would not change if Scotland votes for independence.
Wood Review: Companies would face losing licences under tough new plans
Firms which refuse to work together to maximise oil recovery from the North Sea could ultimately be stripped of their licences under plans contained within the Wood Review.
Oil price fall a blip not a trend, say analysts
The surprise cut in European interest rates has sent the oil price tumbling to little over $100 a barrel – but a top industry analyst said last night that the price slip is just a “blip”.
Experts sound cyber terror threat warning to offshore industry
Business advisory giant KPMG has warned that cyber terrorists can now shut down North Sea oil and gas platforms – because industry cost-cutting measures have left crucial computer systems at risk.
£150million turnover target for ATR linked to sector growth
ATR Group has launched an ambitious drive to grow its turnover to £150million in the next three years after capitalising on the collapse of Cosalt Offshore.
North Sea talent honoured at Oil and Gas Awards
The North Sea’s top talent was celebrated last night at the oil and gas industry’s equivalent of the Oscars.
Oil majors must win hearts and minds to have success in Nigeria, says former captive
A north-east man who was held captive for 30 days by Nigerian militants says firms need to win the “hearts and minds” of the local people if they are to bring an end to the trouble.
Orion Group establishes South American presence with new Rio office
Orion Group has opened its first South American office in Rio de Janeiro.
Navy turns to Britney Spears in battle against pirates
Merchant Navy ships have a new weapon in their fight against Somali pirates – pop star Britney Spears.
Take-off begins for direct flights from Aberdeen to Oslo
Direct flights between Aberdeen and the Norwegian capital Oslo take off today.
CNOOC secures first gas from Rochelle
Production on the North Sea Rochelle gas field has started, the prospect shareholders announced today.