Aberdeen software specialist upgrades Wood setup
ABERDEEN-BASED software, training and consultancy specialist Monitor said yesterday it had completed a £500,000 project for Wood Group Engineering (North Sea).
ABERDEEN-BASED software, training and consultancy specialist Monitor said yesterday it had completed a £500,000 project for Wood Group Engineering (North Sea).
Energy Minister Mike O'Brien announced yesterday that the UK Government would spend more than £5million over three years on studies on the future of the North Sea oil and gas industry.
Tesco Corporation crossed the Atlantic to Aberdeen in 2006 after recognising the European market potential for its drilling technology.
READ Well Services has appointed Fraser Louden as its managing director.
FAROE Petroleum, the Aberdeen-based oil and gas operator, is among five companies awarded exploration licences in the Faroese third licensing round.
Shares in Aberdeen group Ramco Energy soared by more than 40% at one stage yesterday after it confirmed that plans for a joint venture in Iraq had just one hurdle left to jump.
VENTURE Production, of Aberdeen, said yesterday that it had brought the Stamford gas field into production.
Canadian oil exploration firm Oilexco could be sold, it emerged yesterday.
Fears are growing over the outlook for the environmental technology sector in the face of the global economic slowdown, rising unemployment, and big falls in commodity prices.
Oil prices are likely to keep falling until well into next year and could drop as low as $25 a barrel before recovering, according to a research report from US investment bank Merrill Lynch.
Oil workers have flooded a website with tributes to a "gentle" north-east man who was kidnapped by armed militants in Nigeria.
NORTH-EAST and Highlands and Islands firms and projects have dominated this year's Green Energy Awards, which are organised by the green energy trade body Scottish Renewables, with winners announced last night in Edinburgh.
TWO UK North Sea oil and gas operators have linked up with US energy service giant Schlumberger to secure a well-stimulation and fracturing vessel to help them with new projects.
GLOBAL onshore and offshore catering and hotel service company Trinity International has secured two major new deals with long-standing clients Stena Drilling and Bluewater in the North Sea.
BP and fellow British oil and gas operator BG Group have agreed a major swap of UK North Sea assets, with both companies saying the deal enhances their efficiency in core areas.
A North Sea installation has been named as one of the healthiest places to eat in Scotland.
A Highland hotel and an international oil service company were among the winners at the 2008 Vision in Business for the Environment of Scotland (Vibes) Awards, in Edinburgh last night.
THE government faced an accusation last night that Scotland's renewable energy policy was "in shreds".
Abu Dhabi national energy company TAQA said yesterday that wholly owned subsidiary TAQA Bratani had completed its £420million acquisition of interests in seven oil fields from Shell UK and Esso Exploration and Production (UK).
Company bosses are well used to being centre stage when it comes to business, but one prominent north-east entrepreneur is also in the spotlight as a pantomime dame this month.
THE Institution for Mechanical Engineering (IMechE) wants a £40million fund set up to help enable the secure anchoring of marine renewables in Scottish waters.
In the latest Ernst & Young Scottish ITEM Club economic forecast, it is predicted that Scotland is entering its first services sector-led recession, with its weakest performance since the early-1980s.
IN THE introduction, we said Electro-Flow Controls ranked among those companies that quietly go about their business and are self-financed. It turns out that, so far, this firm has kept away from takeovers too.
The offshore supply chain is peppered with lots of small companies that, at first glance, seem unremarkable. They quietly get on with their job and rarely, if ever, make the headlines. Moreover, they are invariably privately owned.
THE bulk of Electro-Flow's business comes from the mature drilling rigs market rather than new-builds. But Wheeler and Littlechild say the new-builds side is showing signs of taking off. A good example is the choke control systems contract for the Transocean Clear Leader II. Another is the design and build of BOP control systems for the Q4000 deepwater intervention/drilling semi-submersible built for Helix of Houston. As for retro-fits, while the American drilling companies are hugely important, so too is having Brazilian oil company Petrobras on board as an enthusiastic user/specifier of Electro-Flow systems.