EnerMech wins £1m North Sea contract
Aberdeen mechanical service firm EnerMech said yesterday it had won a £1million North Sea contract with Talisman Energy Norge.
Markets
Substantial increase in Senergy’s business
Energy service company Senergy, of Aberdeen, said yesterday it had seen a substantial increase in business, particularly in Europe, the Middle East and Africa.
£64m of low-carbon projects approved
Scottish utility SSE said yesterday it had won approval for low-carbon electricity projects worth £64million.
Aberdeen Asset Management gains 4.7%
INVESTORS shrugged off a gloomy economic assessment from the OECD yesterday as optimism surrounding moves to stem the eurozone debt crisis pushed markets higher.
Glasgow office for Xodus
Aberdeen-based energy consultant Xodus Group said yesterday it had invested £1.5million to open a new office in Glasgow. It will initially employ 20 people, rising to 45 next year.
Asco is tipped to double in size after £250m sale
INTERNATIONAL oil and gas logistics company Asco has been sold to private equity firm Doughty Hanson in a deal believed to be worth up to £250million.
Big player’s rise from humble beginnings
ASCO has risen from humble beginnings in a small warehouse in the Granite City to a company with turnover of £516million.
Island fuel prices set for 5p-a-litre reduction as rebate scheme gets nod
FUEL prices in the Northern and Western Isles will be reduced by 5p a litre from March, the UK Government confirmed yesterday.
Consumer champions hail energy bill changes
Consumer groups have welcomed British Gas's promise to simplify tariffs for "confused, antagonised and alienated" customers who have been "bamboozled" by the energy market.
Scots engineer agrees £433m acquisition of Seaboard
Scottish engineer Weir Group said yesterday it had agreed to buy US oil and gas equipment manufacturer Seaboard Holdings for £433million.
Ofgem to give more protection to businesses
Businesses are to get extra protection from bullying energy suppliers and brokers, according to the industry watchdog.
Gap widens between petrol and diesel prices
A big gap has opened up between petrol and diesel prices at the pumps, figures from the AA showed yesterday.
Chairman in bid to take Cosalt private
The chairman of engineering firm Cosalt, David Ross, is poised to table a £340,000-plus offer for the company to take it off the Stock Exchange.
Encore Oil and Premier Oil shares rise on tough day for markets
Investors deserted the London market today as fears of a eurozone collapse were fuelled by a worrying rise in Spain's borrowing costs.
Amec confident of continued future growth
International engineering and project management firm Amec said today it was confident of continued future growth despite global economic uncertainty.
Parkmead shares continue recent rally, Cairn Energy also among risers
A gloomy forecast from the Bank of England compounded fears over the future of the eurozone and further knocked the confidence of investors today.
DEO ups stake in Perth field after Maersk withdrawal
Aberdeen oil firm DEO Petroleum has increased its stake in the North Sea Perth field by 10% after Maersk Oil withdrew from the project.
EnQuest production on target after 20% rise
Oil and gas firm EnQuest today said its production has increased by 20% on last year.
Libyan production increasing faster than expected
Efforts to restore oil production in Libya are progressing faster than anticipated, according to a report by the International Energy Agency (IEA).
MP confident islands will see fuel duty discount by spring
A scheme to reduce the price of fuel sold on the Scottish islands could be in place by the spring, according to the MP for Orkney and Shetland.
Premier Oil shares rise but Faroe Petroleum suffers fall
Moves by Italy's premier-designate Mario Monti to form a new cabinet failed to cap the country's soaring borrowing costs and restore confidence to the markets today.
Shell receives approval to capture raw gas in Iraq
Royal Dutch Shell has received final approval to gather raw gas from three major Iraqi oil fields.
Market responds well to Parkmead acquisition
David Barclay, divisional director of Brewin Dolphin based in Aberdeen, gives his view on today's acquisition by Parkmead.
Premier to refocus investment on North Sea
UK-based oil and gas firm Premier Oil said yesterday it would be refocusing on the North Sea after launching two new developments in Asia.
Acquisitions by Parkmead and Taqa Bratani
North Sea oil firms Parkmead Group and Taqa Bratani have this morning both announced acquisitions in the basin.