Successful well tests boost plans for gas field
Faroe Petroleum said yesterday a well and sidetrack well on the Breagh gas discovery in southern North Sea block 42/13 had been tested successfully.
Oil & Gas
MPs to launch probe into plight of North Sea oil sector
MPs have launched an inquiry into the state of the North Sea oil and gas industry in an attempt to underline the continuing need for government support.
Endeavour hopes to fast-track plan to develop Rochelle
ENDEAVOUR International said yesterday it had drilled an appraisal well on the undeveloped Rochelle discovery in block 15/27 in the outer Moray Firth.
Reflex takes bull by horns over safe crew transfer
MARINE personnel-transfer specialist Reflex Marine, of Aberdeen, launched its latest system for the offshore sector yesterday.
Tullow raises £402m for African projects
Tullow Oil, which has had a string of exploration successes in Africa, said yesterday it had successfully concluded a share placing with new and existing institutional investors to raise £402million.
Steminic snaps up rival’s UK arm
ENVIRONMENTAL service group Steminic has acquired the UK business and assets of north-east rival ITS Drilling Services in a deal worth about £1million.
Group seeking partners for Aberdeen show
NOF Energy is seeking exhibition partners for an industry showcase in the Granite City next month.
Russian gas starts flowing into Europe
Russian natural gas began flowing into Europe yesterday after a nearly two-week cut-off that left large parts of the continent shivering.
Bridge marks first North Sea success
BRIDGE Resources, the Denver-based oil and gas operator which focuses wholly on the UK North Sea, held a reception in the Marcliffe Hotel, Aberdeen, last night to mark its success in bringing the southern North Sea gas field Durango into production at the end of November.
North-east firm hails court decision to revoke patents
Offshore Hydrocarbon Mapping, the Aberdeen-based oil and gas survey company, yesterday welcomed a UK High Court decision to revoke three key patents granted by the European and UK patent offices to Norwegian firm EMGS.
Aker expecting loss on Frigg contract
AKER Solutions said yesterday its fourth-quarter results would be hit by an accounting loss.
Tritech nets chief from sister company
Aberdeenshire oil and gas technology company Tritech said yesterday that John Smith, previously technical director of fellow Halma Group business Sonar Research and Development, had been appointed technical director.
More jobs in the pipeline as Global growth story continues
Scottish contracting and service firm Global Energy Group is poised for another year of strong growth after seeing annual turnover climb to about £130million, chairman Roy MacGregor said yesterday.
Cairn gets go-ahead to develop more Indian discoveries
Oil and gas explorer Cairn India, majority owned by Edinburgh-based Cairn Energy, said yesterday it had received Indian government approval to develop more discoveries.
Row shows need for secure supplies
THE UK Government was urged last night to increase support for the exploitation of North Sea gas reserves in the wake of Russia's dispute with the Ukraine which cut off supplies to Europe.
Hostages rescue mission ‘botched’
MILITANTS said yesterday the Nigerian military botched a rescue mission aimed at liberating two British hostages captive in the country's southern oil region.
Russia and Ukraine reach gas deal
Russia and Ukraine announced a deal yesterday to end the bitter dispute that has blocked Russian natural gas from Europe for nearly two weeks.
Subsea 7 axes contractors but remains confident
SUBSEA 7 has confirmed that about 20 contractors are no longer working for the engineering and construction company in Aberdeen.
A big Dales Marine Services welcome for catamaran
NORTH-EAST firm Dales Marine Services has hailed the presence of a catamaran in its dry dock in Aberdeen for the first time as a milestone.
Finance expert takes the helm at oil service firm
The head of structured finance with the Royal Bank of Scotland in Aberdeen has left to head up a new oil service group.
Cairn boardroom role for ex-Talisman chief
THE former chief executive of Canadian oil firm Talisman Energy, Jim Buckee, has joined Cairn Energy, of Edinburgh, as a non-executive director.
Putin urges European gas firms to pay to restore supplies
Russian Prime Minister Vladimir Putin last night urged Europe's gas companies to help pay to get supplies back on track.
OHM to cut workforce in latest move to save cash
Troubled Aberdeen company Offshore Hydrocarbon Mapping (OHM) is to cut its workforce, it confirmed yesterday.
Exploration set to slow in UK waters – Deloitte
Exploration activity on the UK continental shelf (UKCS) remained high last year, according to figures released yesterday by Deloitte.
AMEC expects to beat City earnings forecast
AMEC, said yesterday it expected its pre-tax profits for 2008 would beat market expectations.