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.
Administrators at oil and gas operator Oilexco North Sea (ONS) clarified their position yesterday on retention bonuses proposed for staff at ONS and its Canadian parent to keep them working throughout the administration process.
An oil industry supply firm has withdrawn two safety vessels and is in negotiation with a union about laying off 11 staff, it was revealed yesterday.
A survivor of the helicopter crash that forced 18 oil workers into the North Sea has told of the ordeal for the first time.
THE ETAP project is an offshore development of nine different reservoirs, the ownership of which is divided between oil giants BP and Shell.
Apache, operator in the UK North Sea of the Forties oil field, said yesterday that net income nosedived to £497million in 2008, compared with £1.97billion the year before.
Oil giant BP has suspended the use of the type of helicopter which ditched 1,600ft from one of its rigs, a company boss revealed yesterday.
The supply vessel sailed sedately into dock under the cover of darkness, 11 hours after her passengers found themselves caught up in a drama that catapulted them on to the front pages of every newspaper in the country.
The crucial training that helped save the lives of 18 people on board the Super Puma helicopter which ditched in the North Sea was hailed last night as the best in the world.
A Scot who is one of the bosses at international oil and gas facility-service provider Petrofac is to retire.
A YOUNG Moray company is looking to add to its workforce after breaking into the global oil and gas market.
OIL and Gas UK's first seminar of 2009 will focus on the link between the management of workplace health and a company's business efficiency and performance.
DOING business in Texas will be the focus of a free seminar for oil and gas service firms in Aberdeen on Monday.
NORWEGIAN oil major StatoilHydro said yesterday it had achieved a strong operational performance in 2008, although its fourth quarter had been negatively affected by weaker oil prices.
Subocean Group is a subsea installation company with extensive knowledge of the North Sea oil and gas industry.
Broker Evolution Securities believes that a downturn for oil service companies is inevitable, but it will be short and sharp, and that recovery is likely to be equally rapid and certainly apparent in 12 months.
An Aberdeen-based oil service company announced plans yesterday to add more than 200 posts to its worldwide workforce by 2012.
OIL and Gas UK yesterday unveiled new model agreements to help companies conclude deals quickly and efficiently.
Four north-east businessmen with a background in the oil industry are planning to start a new generation of coal-fuelled energy production in Scotland.
Dana Petroleum said yesterday it had agreed to buy UK North Sea-focused Canadian company Bow Valley Energy for about £125million.
A FRESH war of words broke out last night between Holyrood and Westminster over whether Scotland can survive without nuclear power.
First Minister Alex Salmond hailed a new green energy revolution yesterday, claiming it would create 20,000 jobs and boost Scotland's struggling economy.
Scotland cannot rely on renewable energy alone, and must turn to nuclear power to safeguard future electricity production, Scottish Secretary Jim Murphy claimed yesterday.
Two north-east MPs are seeking an urgent meeting with the energy and climate change secretary over the desperate shortage of capital affecting offshore developers.
EIGHT Scottish-built wind turbines in Antarctica are withstanding temperatures of -60C (-76F) and average winds of 53mph.