Traders react coolly to record oil export cut
Oil ministers of the 12 members of the Organisation of Petroleum Exporting Countries agreed yesterday on an expected sharp cut in their supplies.
Oil ministers of the 12 members of the Organisation of Petroleum Exporting Countries agreed yesterday on an expected sharp cut in their supplies.
INTERNATIONAL energy service company Wood Group expects to avoid the worst of any impact on the oil and gas industry caused by global recession and lower oil prices.
Energy regulator Ofgem yesterday called for speedier action from suppliers to slash unfair pricing from energy bills.
Leading lights of Scotland's oil and gas industry will be honoured in the Scottish Offshore Achievement Awards 2009.
UNIVATION, the commercial arm of the Robert Gordon University, has hosted a visit to the north-east by a Chinese delegation.
US CRUDE oil futures settled 2% lower yesterday on concerns about the American economy after the Federal Reserve cut its target for overnight interest rates.
TWO offshore catering experts have left ESS Support Services Worldwide in Aberdeen to become bosses at a new company.
OIL and gas operators Tullow Oil and Heritage Oil have reported a "significant" new oil discovery at an exploration well in Uganda, which they said was potentially the largest in the Butiaba area to date.
ESCAPE Business Technologies, an Aberdeen-based IT firm focused on the energy industry, has started a new division.
A NORTH-EAST engineering firm announced a £2million contract win yesterday.
Apache was accused yesterday of breaking ranks with other North Sea operators and refusing to comply with an agreement on paid leave and pay increases for contractor employees.
Former roustabout Euan Morrison is on the crest of a career wave at the age of just 37.
SCOTTISH software business Pisys has landed a three-year deal to support Petrofac Training's global network of emergency-training simulators.
HUNTING, the international energy service company, said yesterday it had completed the sale of North American subsidiary Gibson Energy.
THE family of a north-east oil worker taken hostage in Nigeria last month and released on Saturday have spoken of their relief.
PDC Systems, which provides hazardous area electrical instrumentation for the international oil and gas and petrochemical industry, has moved to a new base at Kintore, near Aberdeen.
A NORTH-EAST man taken hostage in Nigeria last month has been freed by his captors, the P&J can reveal.
CETCO Oilfield Services has its eye on expansion into Libya.
Oil prices will not fall much lower and will rebound to $80 a barrel by 2011 as a recovery in the world economy begins by the end of next year, according to Deutsche Bank's chief energy economist.
TULLOW Oil saw its London-listed shares jump more than 20% to 596.5p yesterday after it reported successful drilling results from the Hyedua-2 appraisal well on the Jubilee field offshore Ghana and the Kingfisher-3 appraisal well in Uganda.
A long-overdue rationalisation among the smaller oil and gas firms in the North Sea is on the way, according to an industry expert.
BOWLEVEN, the Scottish oil and gas company which focuses on Africa, said yesterday it had numerous attractive investment oppor-tunities in its portfolio.
A SPECIALIST in corrosion, integrity and inspection has launched an online centre of excellence for the oil and gas industry.
OIL and gas company Nexen, whose principal production area is in the UK North Sea through its operated Buzzard field, said yesterday it expected to increase worldwide output in 2009 by about 10% year-on-year.
ABERDEEN-BASED presenters and magicians Fifth Dimension have landed a contract worth a five-figure sum with a major oil company.