Expert to create offshore technology centre at UHI
A LEADING engineer will help to create an offshore technology research and teaching centre in his new role as visiting professor with UHI.
Oil & Gas
Oil cash ‘should benefit all Scots’
SHETLAND Islands Council has backed calls for Scotland to get a share of North Sea oil revenues.
Drilling contractor takes heart from higher income
NORTHERN Offshore, the Oslo-listed oil and gas drilling contractor, has reported a significant increase in earnings in 2008 compared to the year before.
Ramco seals deal for Iraq joint venture
Ramco Energy of Aberdeen said yesterday the joint venture between state-owned Iraqi Drilling Company and Ramco's 32.7%-owned Mesopotamia Petroleum had agreed a deal to explore for oil in the Middle Eastern country.
Hunting eyes potential acquisitions
Hunting, the international energy services company, said yesterday it was focused on four acquisitions - one with operations in Aberdeen - and was confident deals could be concluded within two months.
Oil industry warned over impact of downturn
THE former vice-president for the UK with oil field services giant Halliburton said last night in Aberdeen that the oil industry was used to price-driven "boom and bust" cycles, but the present cycle was totally unexpected.
Focus on core services is paying off, says Cosalt
Cosalt, which provides safety equipment and services to the offshore oil and gas and marine industries, said yesterday that after exiting its last legacy businesses its focus on core services was paying off.
UK subsea operators all set for Texas date
A DELEGATION of UK subsea companies will head to Texas next week to showcase their skills and expertise at a two-day exhibition and seminar.
Richard Irvin powers ahead with wind turbine at HQ
RICHARD Irvin Services Group said yesterday it had erected the first wind turbine in Aberdeen to be used for commercial purposes.
Sibir Energy suspends chief as investigation launched
Sibir Energy, the London-listed but 100% Russia-focused oil and gas operator, said yesterday it had suspended chief executive Henry Cameron.
Offshore staff will be encouraged to blow whistle over safety fears
Offshore workers will be encouraged to "blow the whistle" and raise safety fears on offshore oil and gas platforms and drilling rigs under new rules revealed yesterday.
Dana buoyed by new oil discovery
Dana Petroleum, the Aberdeen-headquartered oil and gas operator, said yesterday it had made a third oil discovery in the Rinnes area north-east of Shetland.
Former PSL bosses back in business at EnerMech
THE management team which built up PSL Energy Services to an 1,100-employee company sold for £128million are back in business together at a new north-east firm.
Unsecured creditors of ONS could lose their money
Unsecured non-preferential creditors of oil company Oilexco North Sea (ONS) may not get any of their money back, it emerged yesterday.
Report reveals end-of-year slump in oil and gas deals
The value of deals in the worldwide oil and gas industry reduced progressively throughout 2008 before slumping in the final quarter of the year following the dramatic dip in oil prices, according to a new report.
Aker Solutions takes comfort from results
Oil and gas engineering and construction company Aker Solutions reported yesterday fourth-quarter results which beat market expectations, and at the same time gave a positive outlook on its prospects.
Recipe for the wellbeing of the offshore population
ESS Support Services Worldwide provides integrated catering, hotel-keeping and facilities management services to the offshore oil and gas and marine industries.
Baker Hughes denies 85 jobs are to go
OIL service company Baker Hughes has told 85 Aberdeen employees that they are being made redundant, it was claimed yesterday.
Gloomy outlook for European oil sector
THE European integrated oil sector is entering a sharper and longer downturn than either the oil or equity markets imply, according to Barclays Capital, which has started its coverage of the sector with a negative view.
ONS’s debts total more than £600m
Oilexco North Sea (ONS), which went into administration last month, had secured and unsecured debts totalling more than £600million, the Press and Journal can reveal today.
BP calls for contractors to help trim costs
Oil giant BP is asking its contractors and suppliers in its North Sea business to work with it to identify ways to reduce costs and improve efficiency after being hit by lower crude prices.
Aquamarine Power seals deal with Airtricity
SCOTTISH company Aquamarine Power has signed an agreement with Airtricity aimed at developing sites capable of hosting 1,000MW of marine energy by 2020.
Oilexco boss enters bid for ONS assets
The chief executive of Canadian oil company Oilexco was yesterday said to be bidding for some of the assets of its subsidiary, Oilexco North Sea (ONS), which went into administration last month.
BiFab lifted by £50m windfarm contract
Scottish company Burntisland Fabrications (BiFab) said yesterday it had landed a £50million contract, which will lead to 150 jobs.
North-east oil explorer boosted by field report
XCITE Energy, the Banchory-based oil explorer focused on the development of heavy-oil resources in the UK North Sea, said yesterday that likely reserves in its 100%-owned Bentley field east of Shetland had been upgraded significantly.