OTC 2014: Firms hail conference a major success
The sun set yesterday on the oil and gas industry’s annual event of the season.
OTC 2014: Takeover of Expro expected to be year’s biggest deal
The widely expected sale of Aberdeen-based Expro to US industrial conglomerate GE is likely to be one of the largest deals in the worldwide oilfield service sector in 2014. GE will have to pay around £3billion for the UK well-flow management group.
OTC 2014: Video of floating offshore hotel
SSP Offshore is in talks with several firms about putting huge hubs in the ocean to help ease the burden on helicopters. Watch the 3D video to see how the hubs would operate.
OTC 2014: Floating idea of hotel to ease offshore travel
A former North Sea worker is looking to revolutionise the way people travel offshore by building a huge floating hotel, harbour and helideck in the middle of the sea.
OTC 2014: New diving technology so advanced divers can Skype families
A north-east firm has released a new diving communication system so advanced that divers can Skype call their family from beneath the ocean.
OTC 2014: Aberdeen could lose out on oil HQ to Newcastle
Aberdeen could lose the new oil regulator being set up in the wake of the Wood Review to Newcastle if Scotland votes for independence.
OTC 2014: Aberdeen must think bigger
Business leaders have called for Aberdeen to follow Houston and spread its economic reach across the north.
Balmoral Group boss joins exclusive 40-trip club
Balmoral Group boss Jim Milne has touched down in Houston to attend OTC for the 40th time.
Downhole looking up as Houston base expands
Casing accessory and completion tool firm Downhole Products has doubled the size of its US facility.
Craig Group lands deal worth tens of millions with Shell
Aberdeen-based Craig International Supplies – led by chairman Douglas Craig – has secured new contracts with Shell which will double the turnover of its business. The contracts will increase the international reach and buying power of the procurement division of global energy services and shipping firm, Craig Group.
Beatrice Bravo brought back up to scratch
The Wood Group has now brought safety on board the Beatrice Bravo up to scratch – eight months after being censured by the Health and Safety Executive.
Oil and Formula One boosts Ellon firm Power Jacks
Engineering firm Power Jacks saw revenues grow by 175% to £13.1million in 2013 – the fastest growth in its 25-year history.
Premier Oil £3billion merger deal “dead”
A merger which would have created another UK oil and gas major has now been ruled out.
XPD8 wins £1million Africa contract
An Aberdeen-based integrity management firm has won a deal in Africa believed to be worth more than £1million.
Tullow faces revolt over bosses’ pay
Tullow Oil is facing a shareholder revolt over the “excessive” rewards it plans to give senior directors.
Premier rejects merger with Ophir
Premier Oil is expected to make an announcement to the stock market this morning after rejecting a merger bid which would have made it one of the biggest firms in the UK.
New EU law could be useless for North Sea
New EU laws which protect inventors from having their ideas stolen could prove to be useless in the North Sea, it has emerged.
North Sea – The Future: Infographic – UK oil and gas in numbers
A visual guide to the state of the UK oil and gas industry.
North Sea – The Future: New era of collaboration ahead
With declining oil production, rising costs and a crisis in exploration, the North Sea is at a crossroads. Press and Journal Business Editor Ryan Crighton reports on what the industry needs to do to remedy its problems.
North Sea – The Future: Infographic – offshore exploration drilling decline
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North Sea – The Future: Tax grabs add to strain on offshore industry
The slump in North Sea exploration has coincided with a series of tax grabs by George Osborne.
North Sea – The Future: Which way now?
With declining oil production, rising costs and a crisis in exploration, the North Sea is at a crossroads. This week, Press and Journal Business Editor Ryan Crighton investigates what has gone wrong – and what the industry needs to remedy its problems.
Esso closes UK pipeline after thieves strike
Exxon's UK arm Esso has shut a pipeline running from its Fawley oil refinery near Southampton for checksafter a report that thieves tapped into the line and took thousands of litres of fuel.
‘Activist investor’ Carl Icahn tightens grip on Transocean
Billionaire investor Carl Icahn is to strengthen his grip on drilling giant Transocean – and win a near £650million payout for shareholders.
North Sea platform at centre of safety probe shut after second blaze
A North Sea platform at the centre of a major safety probe has been shut down following a second fire.