Forum to debate key issues in sector
ABOUT 100 delegates representing key players in the renewable-energy industry are meeting at Gleneagles today to discuss challenges facing the sector.
Oil & Gas
Opito chief spells out importance of investment in skills
The chief executive of Opito - the Oil and Gas Academy - is spelling out the importance of investing in education and training at an industry conference in London this week.
Carna gas find ‘opens up’ new area of North Sea
Venture Production, which is a possible takeover target for British/Scottish Gas owner Centrica, has confirmed a new gas find in the UK southern North Sea.
Cosalt pleased with first-quarter trading
COSALT, which provides safety equipment and services to the offshore oil and gas and marine industries, said yesterday that trading in its first quarter to January 26 had been in line with its expectations.
Pledge over safety of offshore workers
OIL bosses have underlined their commitment to health and safety at a meeting of more than 80 business leaders.
Technip continuing to support RGU students
SUBSEA engineering and construction contractor Technip has awarded scholarships to students at the Robert Gordon University in Aberdeen for a second year.
Lifesaving beacons for oil workers are banned
The use of emergency beacons designed to save the lives of offshore workers was halted last night over fears they could interfere with vital aircraft equipment.
Centrica ups stake in Granite City energy firm
Venture Production saw its share price rise again yesterday just a day after it soared more than 26.5% to 734p on news of British and Scottish gas owner Centrica paying almost £230million to buy a 22% stake in the Aberdeen-based oil and gas operator.
Oil firms could quit North Sea if there is no tax relief, MPs warned
Oil industry leaders warned yesterday that companies could quit the North Sea for good if the UK Government did not provide immediate tax relief.
Centrica move sends shares in Aberdeen operator soaring
Venture Production, the Aberdeen-based oil and gas operator, saw its share price soar yesterday after British and Scottish Gas owner Centrica snapped up more than one-fifth of Venture's shares.
Fisher hails contribution from north-east
North-east subsidiaries of James Fisher and Sons made a large contribution to a 26% surge in annual profits, the marine service firm said yesterday.
North Sea operator reports record financial performance
Venture Production, the Aberdeen-based oil and gas operator, has reported a record financial performance in 2008.
Arrow decides not to continue pursuit of Pure
BG GROUP has taken a further step towards buying Australian coal-seam gas producer Pure Energy Resources for about £480million after rival bidder Arrow Energy, of Australia, decided to let its offer lapse.
Petrofac managing BP’s skill requirements
PETROFAC Training has landed a £3.5million contract with oil giant BP which will lead to 10 jobs in the north-east.
Talisman contract win for Aberdeen-based EnerMech
ABERDEEN-BASED mechanical service company EnerMech has won a contract with Talisman Energy Norge worth about £550,000.
Tax concessions warning over future offshore exploration
THE UK Government was warned last night that bigger tax concessions may be needed to encourage companies to extract gas from fields west of Shetland if too much attention is paid to environmental concerns.
Call for young oil and gas workers to attend event
OIL & GAS UK is looking for young professionals to give their views on the future of the industry.
Middle East trading to be discussed in Aberdeen
THE secretary-general and chief executive of the Arab-British Chamber of Commerce (A-BCC) will be in Aberdeen tomorrow.
Sterling Resources takes over operatorship at Sheryl
Sterling Resources has taken over operatorship of the Sheryl oil discovery in the central North Sea from Oilexco North Sea (ONS), which went into administration in early January.
Innovation day hailed as ‘great success’
INDUSTRIAL service provider BIS Salamis has hailed an innovation day it held yesterday at its skill centre in Broadfold Road, Bridge of Don, as a great success.
InnerArmor expected to reinforce ACI
NORTH-EAST company Advanced Coating Initiative (ACI) is anticipating a strong boost to its finances from future sales of a product aimed at extending the life-span of components operating in harsh conditions.
AMEC looks to 2009 with ‘measured confidence’
ENGINEERING project-management group AMEC said yesterday its oil and gas business had made a major contribution to record financial results for 2008.
Edinburgh-based oil and gas operator signs Black Sea buy-in
MELROSE Resources said yesterday it had signed a farm-in agreement with Sterling Resources under which it would earn a 32.5% interest in two blocks in the Black Sea, offshore Romania.
Abandonment market ‘worth £15bn’
Offshore oil and gas contractors have been alerted to a £15billion market for services needed to abandon nearly 5,000 platforms and subsea wells in UK waters.
OHM seeing upturn in demand for its services
OFFSHORE Hydrocarbon Mapping, the Aberdeen-based specialist in controlled-source electromagnetic (CSEM) imaging surveys for the oil and gas industry, said yesterday that revenue for the half-year to February 28 was expected to be about £6.1million.