Xcite Energy buoyed by Bentley field’s potential
Xcite Energy, the heavy oil and UK North Sea-focused company, said yesterday it was planning for the next phase in development of the Bentley oil field in block 9/3b south-east of Shetland.
Oil & Gas
Energy minister hails importance of industry
The importance of the oil and gas sector in boosting Scotland's international reputation was highlighted last night by Scottish Energy Minister Jim Mather.
North Sea innovators can rise to economic challenge
Scotland recognised its leading players in the oil and gas sector at a north-east ceremony last night.
Firm has funds earmarked for energy-sector investment
Venture-capital group Energy Ventures said yesterday it had more than £70million at its disposal for investment in hi-tech companies working in the upstream oil and gas sector.
PSN signs up to technology partnership
PSN (Production Services Network), the Aberdeen-based oil and gas service company, is the latest organisation to join oil and gas industry technology facilitator ITF.
Prudence Melrose’s mantra this year
MELROSE Resources, the Scottish oil and gas operator with interests in Egypt, Bulgaria, Romania, America, France and Turkey, said yesterday it was not immune to the global downturn.
£5m system to track offshore air traffic soon to go live
A pioneering new safety system that will track the movement of all offshore helicopters will go live in the North Sea next month, the Press and Journal can reveal.
Fogg given Europe-wide remit at Finnish firm
THE managing director at the Aberdeen office of engineering and consultancy firm Poyry, Steve Fogg, has been appointed as the group's new European president for oil and gas.
Plexus products gaining momentum with oil majors
PLEXUS Holdings, the Aberdeen-based oil and gas engineering service business, said yesterday its results for the six months to December 31 were in line with management expectations.
Renewables move ‘a natural extension’ to Wood offering
INTERNATIONAL energy service company Wood Group has started a big push into the renewable-energy sector.
Call to halt slump in offshore oil sector
CHANCELLOR Alistair Darling last night faced new demands for tax relief to head off decline in the offshore energy industry, after the government said it has had to put off offering more exploration and development licences.
Premier buying ONS in £345m deal
Premier Oil said yesterday it had struck a deal with administrators to acquire Oilexco North Sea (ONS) for £345million.
Cost efficiency key to securing viability of UK energy industry
Cost-cutting in the North Sea is vital to maintain investment, protect jobs and secure the long-term future of the basin, according to an oil and gas industry boss.
Keeping the North Sea strong
Malcolm Webb is the public face of Britain's oil and gas industry.
Expro hails £50m-plus Angolan deal with BP
INTERNATIONAL oilfield service company Expro has landed a deal in Angola understood to be worth more than £50million.
New Opito boss aims to help shape national policy
A FORMER director of business development at Forth Valley College has joined Opito - the Oil and Gas Academy.
C-MAR course aims to provide quick fix
A NEW training course launched by Aberdeen-based C-MAR Group is claimed to help improve maintenance and reduce costly downtime offshore.
Caledyne’s global award for engineering excellence
CALEDYNE, an Aberdeen-based energy industry engineering service and product specialist, will be recognised in America in May with a global award for its retrievable metal-to-metal (MTM) downhole seal system.
Bosses discuss interest in Venture
BOSSES of Venture Production met their opposite numbers at British/Scottish Gas owner Centrica yesterday to discuss its interest in the Aberdeen oil and gas firm.
Oil firms ban emergency beacons after safety fears
North Sea oil companies last night agreed to stop using personal locator beacons pending a full investigation into their interference with helicopter equipment.
Mathieson promoted in Baker Hughes shake-up
OIL service company Baker Hughes revealed some organisational changes yesterday, including a promotion for former Wood Group, Shell UK and WellDynamics employee Derek Mathieson.
Bowleven suitor carrying out financial checks at firm
Scottish oil and gas operator Bowleven said yesterday a suitor was now carrying out financial checks on the firm following a takeover approach.
Bristow to cut staff and freeze pay
Five hundred Aberdeen employees of helicopter company Bristow face an anxious wait before discovering if their jobs are safe.
Nautical on course with North Sea field projects
Nautical Petroleum, which specialises in the development of heavy-oil assets in the UK and mainland Europe, said yesterday it was on track to bring two North Sea fields to development.
‘Business as usual’ for Petro-Canada in North Sea after £10bn-plus deal
North Sea oil company Petro-Canada is being bought for more than £10billion by fellow Canadian firm Suncor Energy.