OHM to cut workforce in latest move to save cash
Troubled Aberdeen company Offshore Hydrocarbon Mapping (OHM) is to cut its workforce, it confirmed yesterday.
Troubled Aberdeen company Offshore Hydrocarbon Mapping (OHM) is to cut its workforce, it confirmed yesterday.
Exploration activity on the UK continental shelf (UKCS) remained high last year, according to figures released yesterday by Deloitte.
AMEC, said yesterday it expected its pre-tax profits for 2008 would beat market expectations.
SHARES in Aberdeen oil and gas firm Venture Production jumped yesterday as takeover speculation mounted.
ABERDEEN-BASED Wood Group launched its sponsorship yesterday of a professorial chair in arctic engineering at the Memorial University of Newfoundland (MUN) in St John's, Canada.
A BUSINESS unit of Norway's Proserv Group which has its headquarters in the north-east has become a separate company to help it to accelerate growth.
More than 100 jobs could be at risk at a North Sea drilling contractor following oil company Talisman Energy's decision to put its platform drilling operations in the region on hold.
The leaders of gas-starved European nations travelled to Ukraine and Russia yesterday pleading for supplies to be restored.
Fresh fears have been raised about safety on oil rigs and platforms after it emerged that Norwegian authorities have had to close a gas field because of a problem with lifeboats.
As a partner and head of energy for national law firm McGrigors, Bob Ruddiman is regarded as one of the UK's leading experts in his field.
Transocean, the world's biggest offshore oil and gas drilling contractor, has said it will take action to try and recover costs on one of its rigs which was being used by Oilexco North Sea (ONS) in the UK North Sea.
Tullow Oil said yesterday it had made one of the largest recent onshore oil discoveries in Africa with the Giraffe-1 well in Uganda, which had proved to be linked to the earlier Buffalo-1 find.
ABERDEEN-BASED Cetco Oilfield Services has signed a deal with a Libyan service agent company.
AKER Solutions has been awarded a contract renewal with BP for the oil giant's assets west of Shetland.
Venture Production's boss said yesterday that the Aberdeen-based oil and gas operator was well funded to make acquisitions.
Talisman Energy said yesterday it had decelerated its spending on some projects in the UK North Sea to take advantage of a slowdown in the contracting environment.
A deal to get gas flowing again across the European Union was deadlocked last night in a new war of words between Russia and Ukraine.
Aberdeen company Hydrasun is planning its third acquisition in less than a year, it emerged yesterday.
The Scot who is vice-chairman of US energy major Chevron said in Aberdeen last night that he hoped renewable-energy sources could make great progress in coming years.
TULLOW Oil said yesterday the Hyedua-2 well drilled to appraise the Jubilee field offshore Ghana had flowed at a stable rate of 16,750 barrels of oil per day (bpd), plus 21million cubic feet of associated gas per day.
HALLIN Marine, the AIM-listed subsea service provider to the oil and gas industry, said yesterday it had formed a new robotics company and expanded the boards of its two main operating divisions in Aberdeen and Singapore.
Norwegian Energy Company, (Noreco), said yesterday the non-operating partners of the Huntington field in the UK had unanimously decided to remove Oilexco North Sea (ONS) as operator of the licence.
MORE than 100 north-east jobs are at risk at international oil services company Baker Hughes Inteq.
Two Britons who have been held hostage for four months are "alive and well" but will not be released until the leader of Nigeria's main militant group is freed, the organisation said yesterday.
AN EVENT on the global challenge of maximising oil and gas recovery in ancient river sediments began in Aberdeen yesterday.