Chapman: BG Group has right strategy for growth
BG Group yesterday reported record earnings for 2008, up 72% on the year before.
Oil & Gas
Brunnen group’s new UK subsea boss
OIL and gas engineering and construction company Aker Solutions has announced the appointment of Aberdeen-based Alan Brunnen as managing director of its UK subsea business.
Aberdeen company applauded in Texas
OIL service company Petrotechnics has been voted one of the best companies to work for in Texas only a year after opening an office in the US state.
Offers for oil group now being considered
MANY parties are interested in acquiring the whole of Oilexco North Sea (ONS) and its assets, according to administrators at Ernst and Young (E&Y).
Fresh hope for offshore sector over tax incentives
The offshore sector was given fresh hope last night that a package of tax incentives designed to maintain vital investment will be introduced, despite the collapse in the price of oil.
UK major adding to North Sea workforce
OIL giant BP said yesterday it had no plans for fresh job cuts at its North Sea HQ in Aberdeen.
Market outlook ‘uncertain’ as projects delayed
Oil and gas engineering and construction contractor Subsea 7 said yesterday the market outlook was uncertain for the medium term as a result of the economic climate.
Marathon cutting back on exploration
MARATHON Oil has announced a £4billion capital, investment and exploration budget for 2009, a 24% decrease from last year's.
North Sea oil and gas sector expects drop
Three-quarters of North Sea operators expect a reduction in activity this year, an oil and gas industry survey has revealed.
BP feeling effects of falling oil demand despite £18.1bn haul
A bigger-than-expected hit from steeply falling oil prices at the end of last year has weighed on BP despite annual profits soaring 39% to a record £18.1billion.
Positive reaction from Crieff bioenergy project
SCOTTISH Bioenergy Ventures (SBV) has successfully completed the first phase of a trial at Scotland's oldest working whisky distillery in which algae converts carbon dioxide into biofuels.
North-east group supports Subsea 7 tow-out on Machar
NAUTRONIX, an Aberdeen company providing marine technology services, said yesterday it had completed a North Sea project with Subsea 7.
No more job cuts planned for Aberdeen – Shell
Oil giant Shell is not planning any further job cuts among its Aberdeen workforce, the company said yesterday.
E&Y hoping for quick sale of ONS
All offers are now in from companies interested in taking over the operations of oil and gas firm Oilexco North Sea (ONS), which went into administration last month.
Fugro-Rovtech a growing global force
FUGRO-ROVTECH Ltd, created as a result of recent growth in the subsea sector, continues to benefit from Fugro's global strength and long-term approach to investment.
German outfit sees 100% Euro-renewables in 50 years
WIND and solar, accompanied by hydro power, biomass and geothermal energy, will pave the way to a 100% renewable power generation, "very probably within the first half of this century", according to Germany's Energy Watch Group. The organisation sees wind and solar as being particularly important vehicles to achieving this - and especially wind.
UK’s ETI doles out £20million to first tranche of renewable technology projects
The UK's Energy Technologies Institute (ETI) has decided to award its first tranche of funding to four maritime energy projects - three offshore wind and one tidal technology.
Scots engineers develop revolutionary offshore turbine installation technology
A Scottish company has developed an installation system that offers the potential to revolutionise the installation of wind turbines offshore. Two variants of the technology have been drawn up - one to handle steel monopile foundations, the other for the concrete gravity base equivalent.
Protecting your rights to payment and services
In the current economic climate, the risk of companies becoming insolvent is rising rapidly. The move of Oilexco into administration has sent shock waves through an industry that has rarely seen insolvencies among operators.
Great customers and suppliers make good business sense
RECESSION - it's official now. It seems we had better get used to using the "R" word as the crisis which originated such a short time ago in the financial sector quickly impacts on the whole economy.
Can changing global landscape lead to revised corporate tax regime?
Oil&gas companies are operating in a changed landscape, with a number of them no longer able to escape the effects of the global economic downturn and unprecedented market volatility.
So what was the OSO?
This is the first in a series of short articles about the OSO or, to give it its full title, the Offshore Supplies Office. It was an organisation that, at one time, had a fearsome reputation as it strove to ensure that British industry secured a fair share of the huge opportunities generated by the advent of North Sea oil.
Exploration key to the future
THE lifeblood of a company like Chevron is, of course, the resource it exploits and, in this case, this US super-major has a pipeline of billion-dollar-class project investments worldwide, especially offshore West Africa, in the US Gulf and Asia-Pacific.
Offshore industry rings true for Cambridge Bell
RICHARD Bell has been with Hallin Marine unit Prospect since joining as an engineering graduate in July, 2005. He is an example of the kind of talent that the North Sea industry is hungry for.
MEC secures £3million for school
A £3MILLION initiative - the so-called Midlands Energy Graduate School (MEGS) - has been launched in a bid to provide a pipeline of home-grown sustainable energy specialists, including people with practical engineering skills and a grip on new-generation energy technologies now coming forward. The graduate school, not a trace of which can be found on the internet beyond a single news story, will also pilot and develop new methods of training and research collaboration.