Prospects looking good for North Sea hydrocarbon finds
There was good news yesterday on two North Sea discoveries.
Oil & Gas
North-east poised for wind power jobs boom
A new generation of energy companies could bring hundreds of jobs to the north-east after the European Commission revealed it will invest £40million to pioneer new forms of wind power.
Busy start to Cromarty Firth year as four rigs arrive
THE Cromarty Firth Port Authority (CFPA) is celebrating a busy start to the year with the arrival of four oil rigs.
‘Huge step forward’ for Wave Treader
A WAVE-POWER device that could provide a breakthrough in reaching sustainable energy targets was said yesterday to be is a step closer to commercial use.
Offshore catering specialist unveils new senior team
ESS Support Services Worldwide announced two senior appointments yesterday.
Value of 3i’s investments hit by market slump
Private-equity investor 3i Group said yesterday the value of its biggest investments dived in the quarter to December 31, sending its shares briefly to a new low.
US major could cut workforce in North Sea
North Sea jobs could go at ConocoPhillips, the third biggest American oil and gas company.
Centrica expands North Sea gas assets
ATTEMPTS by gas firm Centrica to reduce its exposure to volatile wholesale prices continued yesterday with a £22million UK North Sea acquisition.
Deadline for SOAA entries extended
THE deadline for companies planning to enter the Scottish Offshore Achievement Awards (SOAA) has been extended by a week to Friday, February 6.
PSN buoyed by year of positive growth
THE boss of international oil and gas service contractor PSN said yesterday that it remained cautiously optimistic for the year ahead.
Dominion to open gas plant in Ghana
ABERDEEN-BASED oilfield service company Dominion Gas is opening a new gas plant in Ghana, west Africa, and an office in Perth, Australia.
Halliburton hails strong final quarter
US ENERGY service giants Halliburton and Weatherford posted fourth-quarter results yesterday.
Green light for thousands of wind turbines off UK shores
Environmental experts have given the green light to a massive expansion of offshore windfarms and continued development of North Sea oil and gas reserves.
Scotland has new ally for exporting power
SCOTLAND must be able to export electricity generated from renewable sources if the Continent is to achieve long-term energy goals, according to a senior European Commission official.
Financial fillip for Plexus as new credit line agreed
OIL and gas engineering service business Plexus Holdings said yesterday it had secured a 25% increase in its banking facilities.
Oil service giants warn jobs will be axed in north-east and North Sea
Two oil service giants employing thousands of people in the Aberdeen area said yesterday that jobs will go as the worldwide economic slump began to take its toll on the energy industry.
PI joining project-management giant in multimillion-pound deal
An Aberdeen-based engineering consultancy is being bought by international engineering and project-management company AMEC for up to £19million.
Petrofac wins £1.68bn contract in the Middle East
International oil and gas facilities service provider Petrofac said yesterday it had won a £1.68billion contract in the Middle East.
Subsea awards shortlist revealed
THE shortlist for the British subsea industry's awards has been revealed.
Poyry promotes trio to new directorships
GLOBAL energy consultancy Poyry has strengthened its Aberdeen team with three senior promotions to board level as it drives forward its expansion plans for North Sea activity.
Oilfield service giant’s profits tumble
INTERNATIONAL energy service giant Schlumberger said yesterday it would emerge from the economic downturn a stronger company, better positioned to participate in the anticipated upturn.
North Sea contractors facing a 10% pay cut
More than 1,000 North Sea contractors will see their pay cut by an average of 10% as oil companies feel the impact of lower crude prices.
Meeting industry training challenge
The UK oil and gas industry formally opened the new headquarters of its £1.5million skill academy in the north-east yesterday.
Hopes dashed of early start to far north oil industry
Hopes of an early start to what would be the first commercial oil operation in Caithness have been dashed.
US major makes find off coast of Rio
ExxonMobil says it has discovered oil in deep water off Rio de Janeiro, near massive fields that could hold as much as 80billion barrels, it was reported yesterday.