Faroe boosts reserves in busiest year yet
Faroe Petroleum, the Aberdeen-based oil and gas operator, said yesterday that 2008 had been its busiest year yet.
Oil & Gas
Order flow strong at Aberdeen business
ABERDEEN-BASED Electro-Flow Controls (EFC), was yesterday celebrating the best six months of new orders in its 22-year history.
Oilfields tax break may lift the Budget gloom
A substantial tax break for new investment in "marginal" oil developments offshore is expected in tomorrow's Budget.
TWMA makes new appointment
INTERNATIONAL environmental service specialist Total Waste Management Alliance (TWMA) has announced the appointment of Ralph John as vice-president of business development for the Middle East.
Long flight delays as aircraft out of action
THE grounding of two models of Super Puma affects just over half the fleets of leading North Sea helicopter firms.
Safety beacon solution ‘is top priority’
Finding a solution that will allow offshore workers to once again use personal safety beacons on helicopter journeys is a top priority, an industry body said yesterday.
Network organisation going for growth
A NETWORK organisation has been set up in Aberdeen to support energy technology companies identify and capitalise on business-growth opportunities.
Offshore helicopters to remain grounded
All Super Pumas of the type involved in recent North Sea crashes are to remain grounded until the necessary inspections and modifications are carried out.
Super Pumas grounded as crash cause remains riddle
Twenty-five helicopters that service the offshore oil and gas industry have been grounded after urgent safety checks were ordered on two models of the Super Puma aircraft.
Offshore workers face long delays
The grounding of two models of Super Puma affects just over half the fleets of leading North Sea helicopter firms.
Shell looking to replace furnaces at north-east gas terminal
OIL giant Shell has unveiled plans to power up its site at a north-east gas terminal.
OTC visitors warned of Esta online fee ‘scams’
BUSINESS people preparing to go to America for world's most important oil and gas show next month have been warned to be aware of official-looking websites seeking to part them from their cash unnecessarily.
BP chairman fends off critics as investors vent anger
BP shareholders registered their anger at senior directors' pay and their connections to the Royal Bank of Scotland by only narrowly passing the firm's remuneration report yesterday.
Uncertain future for workers at Oceanteam
More than 100 north-east employees of a Norwegian offshore service company face an uncertain future after it said it was reducing its activities.
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.
Acergy boss cautiously optimistic
ENGINEERING and construction contractor Acergy said yesterday that suppliers were reducing prices, but it added that market visibility in 2009 would be poor.
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.
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.
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.
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.