Administrator reveals ONS liabilities more than £1billion
Oilexco North Sea (ONS) has liabilities of about £1.1billion, a joint administrator for the crashed oil company said yesterday.
Oil & Gas
Looking beyond UK shores
In a climate where many companies are looking to tighten their purse strings, it is heartening to know there are plenty of north-east firms still on the lookout for acquisitions.
AMEC lands multimillion-pound Middle East deal
INTERNATIONAL engineering and project-management company AMEC has landed a multimillion-pound Middle East deal.
Learning how to motivate Generation Y
SCOTTISH lingerie tycoon Michelle Mone is among speakers at an Oil and Gas UK conference next week.
North Sea helicopters safe to fly – oil chiefs
A leading oil industry organisation yesterday insisted all safety requirements will be met in the wake of the North Sea helicopter crash which killed 16 people.
Subocean continues to thrive with major new contract wins
SUBOCEAN Group is doubling the size of its premises as staff numbers hit 175.
Engineer spends £5m to create integrated base in north-east
Specialist engineer STATS Group has invested £5million in a new headquarters in the north-east as it eyes further expansion.
Offshore wind industry in UK could be blown off course
The UK risks missing out on tens of thousands of jobs in the offshore wind industry unless the Westminster Government gives greater support to the sector.
Subsea UK to host briefing during Houston conference
INDUSTRY body Subsea UK is hosting a briefing during the Offshore Technology Conference in Houston next month.
Oilfield technology firm Brinker appoints new chief executive
Aberdeen-based subsea and well integrity management specialist Brinker said yesterday it had appointed Kevin Stewart as its new chief executive.
£250,000 wins keeping Eztek on target
EZTEK, an electronic design and manufacturing company based at Blackburn, near Aberdeen, has landed contracts from energy service firms worth £250,000.
Slump in UK North Sea exploration
Exploration activity in the UK continental shelf (UKCS) has tailed off significantly over the past 12 months, according to a new report.
Role for Scots green energy firms in China
The renewable-energy industry offers "massive" opportunities for Scotland and China to collaborate, according to First Minister Alex Salmond.
EnerMech pours £8.5m investment into Middle East
ABERDEEN mechanical service company EnerMech revealed further acquisitions yesterday, part of an £8.5million investment in two firms in the Middle East.
Pulling power of OTC remains strong
THERE will be the usual large north-east presence at the world's most important oil and gas show next month in America, despite financial challenges facing the industry.
Taskforce set up to address issues after Super Puma crash
A taskforce has been set up by the oil and gas industry to address the issues the sector faces following the North Sea helicopter crash which killed 16 people.
Taskforce set up to address issues after Super Puma crash
A taskforce has been set up by the oil and gas industry to address the issues the sector faces following the North Sea helicopter crash which killed 16 people.
Senergy boss to be man on the ground in UAE
The boss of Aberdeen-based energy service group Senergy is moving to the Middle East to help to boost its international growth.
Venture believes Cygnus will be a major gas field
Venture Production, the Aberdeen oil and gas operator, said yesterday it now believed the Cygnus discovery would prove to be one of the UK's largest remaining undeveloped gas fields.
Oil boss sacked as firm begins court action
Sibir Energy has announced the launch of high court proceedings in Russia against two ex-directors; one of them the former Aberdeen lawyer Henry Cameron.
Wood on UK business mission to Iraq
Representatives of global energy service giant Wood Group flew into Iraq yesterday as part of the first British business delegation in more than 20 years to the country.
Troubled OHM appoint non-executive director
TROUBLED Aberdeen company Offshore Hydrocarbon Mapping (OHM) has announced the appointment of Alan Faichney as a non-executive director.
Production ‘milestone’ for North Sea-focused Ithaca
North Sea-focused oil and gas company Ithaca Energy said yesterday it had begun production at the Jacky field and restarted its Beatrice Bravo platform, with initial output from both in line with estimates.
New upstream leader at US oil giant
US OIL and gas giant ConocoPhillips has unveiled a new president for its upstream interests in the UK.
Statkraft lining up to grab pole position in tidal power
NORWEGIAN utility Statkraft has decided to plough some £4million into tidal power developer Atlantis Resources.