New deal puts Aberdeen at hub of green energy drive
Aberdeen is poised to become home to the biggest green energy showcase in the world - thanks to investment from the Middle East.
Oil & Gas
Nexen finds oil near recent Golden Eagle discovery
Canadian oil and gas operator Nexen announced an oil discovery yesterday in the Hobby exploration well, in block 20/1 in the outer Moray Firth.
Subsea industry exhibition going from strength to strength
Organisers of Europe's biggest subsea industry event last night hailed it as the most successful to date.
Industry’s leading lights lauded at Aberdeen dinner
LEADING lights of the subsea oil and gas sector were honoured last night.
Minister promises full support for growing subsea industry
Scottish Secretary Jim Murphy made a pledge yesterday to be the champion for the UK subsea industry.
Energy jobs threat as economic crisis bites
Up to 50,000 jobs could be at risk in the UK oil and gas industry over the next two years because of the credit crisis and global recession.
NSRI forecast to create hundreds of jobs
Hundreds of jobs are expected to be created in the north-east following yesterday's launch of the National Subsea Research Institute (NSRI).
Showcasing cutting-edge subsea technology
When the chief executive of Subsea UK starts talking excitedly about the ground-breaking work being done in the sector, it is hard to not to be bowled over by the idea that recession-hit Britain has at least one industry going places.
Oilexco battling to remain on exchange
Oilexco, the Canadian oil and gas operator whose UK subsidiary Oilexco North Sea (ONS) is in administration, has reported that the Toronto Stock Exchange has agreed to delay its delisting until Tuesday.
Bad news for workers at troubled OHM
Troubled Aberdeen firm Offshore Hydrocarbon Mapping (OHM) dealt a further blow to its workforce yesterday, with news of about 40 further job cuts.
Tests prove gas find in North Sea field
VENTURE Production, said yesterday it had successfully tested a well to appraise the Cygnus gas field, and that it believed the southern North Sea field would be a core asset for many years.
Subsea consultant to create 30 jobs
Subsea riser engineering consultant MCS will reveal today that it plans to create about 30 jobs in Aberdeen this year.
Moody’s downgrades view of oilfield service sector
Rating agency Moody's said yesterday it had changed its outlook for the global oilfield service sector to "negative" from "stable".
Bristow regains North Sea contract
BRISTOW Helicopters has won back a North Sea contract.
Infield predicts £56bn subsea spending
Infield Energy Analysts is forecasting that, between 2009 and 2013, global subsea-sector expenditure on subsea equipment and drilling and completion will exceed £56billion.
£360m BG bid for Pure on the table
OIL and gas operator BG Group threw down the gauntlet to bid rivals yesterday with a £360million offer for Australian coal-seam gas producer Pure Energy.
Stable Services’ global ambitions on track
ABERDEEN oil field products firm Stable Services said yesterday it was on track for achieving 50% of total turnover from international sales following a £2million investment in global expansion in 2008.
Alarm over hundreds of offshore incidents
Health and safety experts are called to investigate a serious incident in the North Sea oil and gas sector almost every day, new figures revealed.
Help considered for offshore operators
AN INQUIRY into the oil and gas industry by MPs may consider the need for the UK Government to help small offshore operators hit by the credit crunch.
Police move to step up North Sea oil security
Grampian Police became the first force in Scotland yesterday to appoint an energy adviser in an attempt to improve security in the North Sea oil and gas industry.
Cash-rich TAQA looking for further acquisition targets
The UK arm of Abu Dhabi national energy company TAQA said yesterday it was in the market for acquisitions.
Nautronix planning to boost workforce further this year
ABERDEEN firm Nautronix, which designs and makes electronic marine technology products for the oil and gas industry, increased its payroll by 16% to 71 in the year to June 30, 2008, and it is on target to add a further 10 to its workforce in the current year, its managing director Mark Patterson said yesterday.
Dana buoyed by bullish update on operations
Dana Petroleum, the Aberdeen-based oil and gas operator, saw its shares rise sharply yesterday after it gave a bullish update on its exploration success and outlook.
ONS parent secures bankruptcy shield
CANADIAN oil and gas operator Oilexco, whose UK subsidiary Oilexco North Sea (ONS) is in administration, has obtained a court order for bankruptcy protection under Canadian law.
Prospects looking good for Wave Treader
ENGINEERING design and analysis firm Prospect Flow Solutions (PFS), of Aberdeen, has come up with a novel way of combining wind and wave energy.