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.
Oil & Gas
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.
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.
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.
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.
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.
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.
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.
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.
Industry group to set out ‘NRB’ guidelines
INDUSTRY body Oil and Gas UK is introducing new guidelines setting out principles and process in the banning of contractor employees from an offshore installation.
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.
E&Y makes its views clear on Oilexco bonuses
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.
Oil supply company in talks about laying off staff
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.
I thought it was the end, says copter crash survivor
A survivor of the helicopter crash that forced 18 oil workers into the North Sea has told of the ordeal for the first time.
North Sea project is joint effort
THE ETAP project is an offshore development of nine different reservoirs, the ownership of which is divided between oil giants BP and Shell.
Apache writes down assets after collapse in price of oil
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.
BP’s North Sea MD tells of relief that all personnel safe
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.