Venture leaps on takeover speculation
SHARES in Aberdeen oil and gas firm Venture Production jumped yesterday as takeover speculation mounted.
Oil & Gas
Wood invests £281,000 in arctic engineering
ABERDEEN-BASED Wood Group launched its sponsorship yesterday of a professorial chair in arctic engineering at the Memorial University of Newfoundland (MUN) in St John's, Canada.
Kintore-based firm maintains focus with new name
A BUSINESS unit of Norway's Proserv Group which has its headquarters in the north-east has become a separate company to help it to accelerate growth.
Risk of jobs losses at North Sea drilling contractor
More than 100 jobs could be at risk at a North Sea drilling contractor following oil company Talisman Energy's decision to put its platform drilling operations in the region on hold.
Freezing European countries plead for Russian gas
The leaders of gas-starved European nations travelled to Ukraine and Russia yesterday pleading for supplies to be restored.
Norway closes gas field amid safety fears over lifeboats
Fresh fears have been raised about safety on oil rigs and platforms after it emerged that Norwegian authorities have had to close a gas field because of a problem with lifeboats.
Fuelled by focus on energy
As a partner and head of energy for national law firm McGrigors, Bob Ruddiman is regarded as one of the UK's leading experts in his field.
Transocean seeking to recover rig costs
Transocean, the world's biggest offshore oil and gas drilling contractor, has said it will take action to try and recover costs on one of its rigs which was being used by Oilexco North Sea (ONS) in the UK North Sea.
Tullow hails oil discovery in Uganda
Tullow Oil said yesterday it had made one of the largest recent onshore oil discoveries in Africa with the Giraffe-1 well in Uganda, which had proved to be linked to the earlier Buffalo-1 find.
Gas deal is deadlocked by new row
A deal to get gas flowing again across the European Union was deadlocked last night in a new war of words between Russia and Ukraine.
Venture ‘well funded’ for future buys
Venture Production's boss said yesterday that the Aberdeen-based oil and gas operator was well funded to make acquisitions.
Libya deal a major milestone for Cetco
ABERDEEN-BASED Cetco Oilfield Services has signed a deal with a Libyan service agent company.
Talisman plans to spend £418m on North Sea projects
Talisman Energy said yesterday it had decelerated its spending on some projects in the UK North Sea to take advantage of a slowdown in the contracting environment.
Aker’s BP contract could be worth £25m
AKER Solutions has been awarded a contract renewal with BP for the oil giant's assets west of Shetland.
Chevron boss says world must be realistic about renewables
The Scot who is vice-chairman of US energy major Chevron said in Aberdeen last night that he hoped renewable-energy sources could make great progress in coming years.
Hydrasun eyeing another deal as plans for new HQ take shape
Aberdeen company Hydrasun is planning its third acquisition in less than a year, it emerged yesterday.
Well shows good reservoir at Jubilee
TULLOW Oil said yesterday the Hyedua-2 well drilled to appraise the Jubilee field offshore Ghana had flowed at a stable rate of 16,750 barrels of oil per day (bpd), plus 21million cubic feet of associated gas per day.
British hostages ‘alive and well’ despite four-month ordeal
Two Britons who have been held hostage for four months are "alive and well" but will not be released until the leader of Nigeria's main militant group is freed, the organisation said yesterday.
Hallin sets up robotics arm in UK
HALLIN Marine, the AIM-listed subsea service provider to the oil and gas industry, said yesterday it had formed a new robotics company and expanded the boards of its two main operating divisions in Aberdeen and Singapore.
Troubled ONS stripped of Huntington operatorship
Norwegian Energy Company, (Noreco), said yesterday the non-operating partners of the Huntington field in the UK had unanimously decided to remove Oilexco North Sea (ONS) as operator of the licence.
Oil services company jobs at risk in north-east
MORE than 100 north-east jobs are at risk at international oil services company Baker Hughes Inteq.
Paving the way for geological collaboration
AN EVENT on the global challenge of maximising oil and gas recovery in ancient river sediments began in Aberdeen yesterday.
Aberdeen firm completes first phase of £5m Invergordon base upgrade
RBG, of Aberdeen, said yesterday it had completed the first phase in a planned £5million expansion of its Invergordon base.
Another oil service firm may cut jobs
International oil service company Baker Hughes INTEQ is expected to make an announcement today on possible job losses.
ATR sale signals Hydrasun alliance
ATR Group of Aberdeen today announced the sale of one of its businesses.